Sources: Islanders Sale Price Was $485M Future Of NHL Panthers Questioned Dodgers' Friedman Mum On Details For '15 Players, Coaches Talk 44-Minute NBA Game Extra Revenue Could Boost Cardinals' Payroll NBA CMO Out To "Rival" NFL Glass' New Approach Key To Royals' Success Giants Relish In Organizational Consistency Popovich Responds To Sarver's Comments Royals' Glass Satisfied Long Journey Has Paid Off
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NBA READY TO ACCEPT RAPTORS AND GRIZZLIES WITHOUT A CBA
Published April 25, 1995
The NBA will reportedly "rework the schedule for closing the expansion agreement" and grant "full membership" to the Raptors and Grizzlies. The original agreement included a provision tying acceptance of the teams to a new CBA with the players association. Delays in the deal would have kept the teams from signing players, participating in the draft, and "possibly playing at all" during their first season. At the NBA Board of Governors meeting in New York this week, the league is expected to set a date for full payment of the expansion fee (US$112.5M), likely May 11, and give the new teams the "green light" to participate in the expansion and college drafts. This "twist is certainly not good news" to those expecting a quick settlement to labor talks (Neil Campbell, Toronto GLOBE & MAIL, 4/25). ARENA ON TRACK: When all the "rhetoric cooled yesterday," the Raptors' arena plans were back on track, according to reports in Toronto this morning. The City Council voted to have the developer and city planning staff reach a compromise on the project and report to the land use committee by May 18 (Don Wanages, TORONTO SUN, 4/25).