Richer Players = Longer Holdouts?

Here’s my theory about the long-lived NBA players’ strike (now on the verge of cancelling the 2011-2012 season).

It’s all about the money.

Not what the players are asking for, mind you.

Rather, what they currently make (or made).

Average Salary:  $5 million

Once upon a time, when pro athletes made nothing and went on strike . . . they ran out of money — and back to the bargaining table — pretty quickly.


I suppose it’s possible to make $5 million a year and still be broke; years ago, Latrell Sprewell famously rejected a $10 million a year contract as “insulting,” adding “I got my family to feed.”

However, at least for those players whose lifestyle is a couple ticks on this side of profligate, you’d guess that kind of dough can pay the bills and mortgage(s) for awhile.

Especially if the players union properly prepared the players — its members — in advance of the strike (nice alliteration, huh?).

“Net” effect (sorry, bad pun):  the NBA players should have ample war chests to wait out the negotiating stalemate.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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