Dan Gilbert sent an email to David Stern, Adam Silver and several of his fellow owners to urge the NBA to block a proposed trade that would send Chris Paul to the Lakers.
The following is the email in its entirety:
It would be a travesty to allow the Lakers to acquire Chris Paul in the apparent trade being discussed.
This trade should go to a vote of the 29 owners of the Hornets.
Over the next three seasons this deal would save the Lakers approximately $20 million in salaries and approximately $21 million in luxury taxes. That $21 million goes to non-taxpaying teams and to fund revenue sharing.
I cannot remember ever seeing a trade where a team got by far the best player in the trade and saved over $40 million in the process. And it doesn’t appear that they would give up any draft picks, which might allow to later make a trade for Dwight Howard. (They would also get a large trade exception that would help them improve their team and/or eventually trade for Howard.) When the Lakers got Pau (at the time considered an extremely lopsided trade) they took on tens of millions in additional salary and luxury tax and they gave up a number of prospects (one in Marc Gasol who may become a max-salary player).
I just don’t see how we can allow this trade to happen.
I know the vast majority of owners feel the same way that I do.
When will we just change the name of 25 of the 30 teams to the Washington Generals?
The blockbuster Chris Paul trade is off, according to ESPN’s Marc Stein. Other media outlets have confirmed that the deal is dead.
NBA owners have pushed David Stern to kill a proposed trade that would send Paul to the Lakers from the NBA-owned Hornets.
Owners were irate with Stern during Thursday’s Board of Governors meeting.
Hornets’ GM Dell Demps received pressure from the NBA to back out of the agreed-upon trade and keep Paul, say sources.
The Rockets were also involved in the trade that was agreed upon in principle. Pau Gasol would have gone to Houston, while Kevin Martin, Luis Scola, Lamar Odom and Goran Dragic were set to be deal to the Hornets.
“WoW,” wrote Chris Paul on Twitter as a response.
Paul will report for Hornets training camp on Friday.
In what was widely presumed to be the league’s last and best proposal in a labor standoff now into its fifth month, NBA commissioner David Stern on Thursday offered his locked-out players a 72-game season that would start Dec. 15.
Yet the league’s latest pitch, according to sources briefed on its contents after adjustments were made Thursday night, contained what the union regards as miniscule financial inducements for the players after nearly 24 hours of negotiations this week.
And that clearly disappointed union leaders who were expecting more after they made a commitment earlier in the week, for the first time since the lockout began, to accept a 50/50 split of annual Basketball Related Income.
The New York Times obtained a copy of the letter from David Stern to his counterpart, Billy Hunter, detailing the league’s ultimatum to the players: Accept our current offer by Wednesday or face much less friendly terms.
“Rather than simply proceeding, as we could have, to offer a less favorable proposal at this time, the N.B.A. is providing an additional period of time for the players association to consider our 50/50 proposal,” Stern wrote.
The “reset” proposal that the league would revert to after Wednesday includes a flex-cap system with a salary cap set at $5 million above the average team salary and rollbacks on existing contracts “in proportion to system changes in order to ensure sufficient market for free agents.”
Stern ends the letter, “Billy, I sincerely hope that we can reach an agreement over the next few days.”
Where Boycott Happens
As the NBA lockout continues, the blowback from fans has become a bigger issue on social media platforms such as Twitter. Many NBA fans have talked about how they will send a message of their displeasure by not renewing their subscription to NBA League Pass.
A re-imagined version of the NBA logo has also began to appear.
The ‘Logo’ is holding a bag of money with the word ‘BOYCOTT’ written across the top. This logo first began appearing on October 24th on the blog IGoHardNow.com.
Ratings for Game 1 of the 2011 NBA Finals were up three percent from the previous year and up 15 percent over Game 1 of the 2006 NBA Finals, which also featured the Heat and Mavericks.
For the 10-11 regular season, games on ABC were up 38% from the previous season. TNT saw a gain of 42% and ESPN had a gain of 28% from 09-10.
At least two more weeks of the 2011-12 regular season will be canceled on Tuesday, according to a source familiar with the NBA’s plans.
With no further negotiations between the owners and the players scheduled, the cancellations are expected to total at least 102 more games, through Nov. 28.
The league made its first cancellations, totaling 100 games and running from the Nov. 1 season opener through Nov. 14, on Oct. 10.
Commissioner David Stern said his “gut” tells him there will be no NBA basketball on Christmas without a labor agreement by Tuesday.
That day, when owners and players are scheduled to meet with a federal mediator, is a “really big deal,” he added.
Owners will then open two days of board meetings Wednesday, and without an agreement to bring them, Stern believes further cancellations are coming.
“Right now, Tuesday, Tuesday, Tuesday, just before my owners come into town, having brought in the labor relations committee and Billy (Hunter) having brought in his executive committee, it’s time to make the deal,” Stern said Thursday. “If we don’t make it on Tuesday, my gut — this is not in my official capacity of canceling games — but my gut is that we won’t be playing on Christmas Day.”
The NBA and NBPA are close to an agreement on a new, shorter mid-level exception for free agents, according to a source.
Owners have sought a major reduction in the mid-level, which allows teams over the cap to sign free agents.
The two sides spent almost all of their five-plus hours of negotiations on Sunday on system issues, and not the split of Basketball-Related Income that the players will receive in the next CBA.
Some four hours after players and owners convened a meeting to try to save the start of the 2011-12 NBA season, the principals emerged from a Manhattan conference room reporting little or no progress toward a new labor agreement and little hope for one soon.
The league did not immediately announce any alterations to the start of the season. But commissioner David Stern said that the rest of the preseason schedule would be scrapped and that, “by Monday, we will have no choice but to cancel the first two weeks of the season.”
The loss of two weeks of the regular season would be in the hundreds of millions of dollars to owners, according to deputy commissioner Adam Silver. The players will lose tens of millions, Silver said.
No new meetings are scheduled.
“We gave it a real good run and it didn’t work,” Stern said of the negotiations.
According to a person familiar with the negotiations, the owners and players met initially at about 2 p.m. ET and broke up to discuss the situation privately among themselves.
The players were furious at seeing first hand the owners’ offer of 46 percent of basketball-related income (BRI), down from their previous level of 57 percent, were unanimous about what to do.
“Let’s go,” one of the players said, according to a source. “There’s no reason to go back in there.” The players decided to return to the bargaining room with a much smaller group.
Among those joining Derek Fisher for the second session were LeBron James, Dwyane Wade, Carmelo Anthony, Kevin Durant, Baron Davis and committee member Chris Paul. None of the players joining Fisher sat down during this portion of the talks, a person with knowledge of the meetings said.