NBA ARBITRATION RULING UPHOLDS ARENA REVENUE RULING

          "By a 2-1 margin, an NBA arbitration appeals panel
     upheld an earlier ruling that excludes stadium naming rights
     revenues from the players salary cap pool even if the naming
     rights payment goes directly to the team," according to Dan
     Wasserman of the Newark STAR-LEDGER.  Wasserman: "The panel
     unanimously upheld rulings that pouring rights ... are
     included in the players salary cap and upfront payments on
     sponsorships count in the year in which they are received"
     (Newark STAR LEDGER, 5/27). 
          CHILD'S PLAY: On CNN's "Impact," Bernard Shaw examined
     high school players turning pro in a half-hour segment: "For
     every player that makes it to the NBA, tens of thousands
     will never realize their hoop dreams.  Yet a recent survey
     shows that two-thirds of all African-American males believe
     they can earn a living playing pro sports.  Despite the odds
     against them, young hoopsters see the big money of the big
     time and question the value of a diploma" (CNN, 5/25).