LeBron Praised For Role In Apatow's "Trainwreck" NBA Free Agency Begins With Money Flying Top Rank Files Suit Against Al Haymon NHRA Leadership Undergoing Changes IndyCar's Miles Fires Back At Critics Of Race Conditions CVC Capital's Mackenzie: Make F1 More Exciting Daytona Int'l Speedway Holding Flag Exchange MLS Expected To Add "Core Player" Roster Spot Steph Curry Tops In NBA Jersey Sales NASCAR Teams Look For Long-Term Value
SBD/July 17, 2012/Leagues and Governing Bodies
NBA Commissioner David Stern Credits Twitter For League's Rise In Popularity
Published July 17, 2012
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FREE AGENT FRENZY: In Florida, John Torres writes, "Welcome to the NBA's version of Monopoly." Only a "few weeks old, this has been the strangest, silliest, richest, most exciting off-season in recent memory, and it's devilishly fun." The offseason has "been about wheelbarrows full of 'make-believe' money thrown at players teams don't even want as they try to block rivals from signing players they really do want" (FLORIDA TODAY, 7/17). CBSSPORTS.com's Ken Berger wrote in the first 72 hours of the NBA's "first, full-fledged free-agent negotiating period of the new collective bargaining agreement, owners handed out approximately $400 million in contracts -- roughly the amount of revenues lost as a result of the lockout." It is "only Year One of the lockout-induced reset, so it's too early to conclude the rich are getting richer." The "best that can be said is that the new rules haven't made them any poorer -- yet." League salary data shows that the NBA "collected the lowest amount of tax revenue last season since the dollar-for-dollar tax was implemented in 2002-03, and the top-spending team had the lowest payroll in 10 years (the Lakers at $85.7 million)" (CBSSPORTS.com, 7/14).