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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).