By Patrick Rishe/Forbes
Whew!
That’s the phrase that best sums the collective emotions of owners and players alike as news broke this weekend of a tentative labor deal between NBA players and owners.
Make no mistake…the owners won HUGE in these negotiations.
But fear not for the players, as they will retain the title as the highest-paid athletes in professional team sports. And they will still benefit from various intricacies that will enable them a certain degree of financial flexibility and team mobility.
An assessment of the proposed new NBA collective bargaining agreement…with the acknowledgement that the final details have yet to be ironed out, ratified and voted upon by owners and players alike.
