This past summer was unusually busy for the NBA, because of the long list of superstar athletes that were involved in the free agency market this off-season. But the controversy surrounding the free agency market was stirred by NBA’s sought after athlete and top superstar, Lebron James. There were at least four different teams who were seeking to sign Lebron James to a contract upwards of $100 million dollars. After Lebron James made his “final decision” to play for Miami Heat there seemed to bitter, disappointment, and criticism displayed by disgruntle fans and some NBA analyst, regarding Lebron James’ decision. In the end Lebron James made what he felt at the time, the best decision for himself and his family, and there is no turning back from that; life still moves forward.
In the process of moving forward, the NBA is now facing a bigger problem that is looming over the league during this next off-season. The NBA faces a potential lockout over the collective bargaining agreement (CBA). The CBA is essentially the rules and guidelines that are agreed upon between NBA franchises and NBA players before signing an NBA contract; the current CBA expires in the summer of 2011.
With the thought of a new CBA in mind (and one that does not favor the players), there was no surprise that superstars such as Lebron James and others was on the free agency market this past off-season. With the players knowing that the CBA expires next summer, the players have positioned themselves well by structuring their previous contracts to make them available for possibly the last BIG free agency market.
The Goal:Some NBA players had the knowledge and opportunity to plan ahead and secure one last big deal before the new CBA changes, or reduce the limits on player contracts.
Overall, good business move by the players, especially since NBA’s Commissioner David Stern wants to cut player cost down by $800 million dollars.