Economists: Lost season 'insane' for NBA players

Posted on | Tuesday, November 1, 2011 | No Comments

Posted by Ben Golliver.

Tuesday is November 1, meaning the NBA lockout will officially enter its fifth month. We've now officially reached the stage where we find out how much "principle" is worth to the NBA's players.

Why? Because paychecks will finally be missed. Because each wave of cancellations brings with it a known cost. Because the National Basketball Players Association will soon reach the break even point where it will be more beneficial -- purely in their financial best interest -- to cave to the NBA's revenue demands rather than to hold a hard line.

Put simply, the money lost in salary will soon surpass the potential money to be saved in continuing negotiations. Once that happens, this whole thing becomes about principle.

Charles Barkley Rick Barry Elgin Baylor Dave Bing Larry Bird

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