For teams like the Hornets a new Collective Bargaining Agreement is likely to bring with it a new and bigger revenue sharing pot than before. According to the New York Times Howard Beck revenue sharing is likely to be tripled in size to the point where lower generating teams will receive around $15 million dollars in revenue.
Although the details remained confidential, the league’s poorest franchises could receive up to $15 million a year under the new revenue-sharing formula, according to a person who has seen the plan. The two biggest payers would be the Los Angeles Lakers, who are expected to contribute $50 million a year, and the Knicks, who are expected to contribute $30 million a year.
The owners’ revenue-sharing plan will not be completed, Silver said, until they know what the new revenue split with players will be.
This would help teams like the Hornets who are already making advances on generating their own revenue streams through corporate sponsors and a new TV deal.
In addition to this news Beck reveals a new Owners proposal of a 50-50 split (ingeneous it’s what I’ve been saying for the past few months!). This would increase to 51-49 in favour of the Players if revenue exceeded expectations, but would decrease to 49-51 if it missed those revenue goals.
If the Players still feel like they’re getting screwed over after this, expect the entire season to be cancelled. No mediator can save the season from a knock-back like that.
Tags: NBA Lockout