Tomorrow (October 4th), the NBA and the NBA Players’ Association will be meeting in what will be the most important meeting to date. This is, presumably, the last time the two sides will be able to meet before having to cancel the start of the regular season
Here is part 2 of Art Rondeau‘s solution to the NBA lockout. Enjoy!
1. The proposed new solution uses a stock market model. Using 57% of Basketball Related Income (BRI) for our example (the percentage that players received in the last CBA) and $100M for the average team BRI (based on data from Hoopshype.com), we break the $57M into $50K “shares”. This comes out to 1,140 shares per team. The $50K share price is an estimate.
I know… the site has been dead. However, today, we have a special treat: a new post from the great Art Rondeau!
Art has come up with a unique way of solving the current NBA lockout, and I believe everyone should check this one out.