Losses of hundreds of millions of dollars.
Lengthy guaranteed contracts.
Revenue sharing that allows money-losing teams to get subsidized by money-making teams.
We're talking about issues that have impacted the NHL and resulted in a lockout, right?
Sort of, but those were also the issues that impacted the NBA's decision to lockout its players last year (source: ESPN.com).
The NBA found itself in an untenable situation last year, according to NBA commissioner David Stern. That's why the league locked out its players last summer.
Throughout the lockout that went from July 1 until Nov. 26, Stern sounded quite pessimistic about the NBA having any kind of season in 2011-12.
Just when Stern was at the precipice of canceling the entire season, however, the two sides came to a miraculous agreement.
Reducing the percentage of revenues that were paid to players and siphoning money away from the profitable teams to the money-losing teams were key issues for the NBA, which also come into play in the current NHL lockout.
If the NBA was able to resolve the problem—even if it occurred with the ...
Read Full Article at Bleacher Report - NHL
Article written by Steve Silverman
NHL Lockout: Why the NHL’s Situation Is Worse Than the NBA’s Was
October 8th, 2012 by Steve Silverman Leave a reply »
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