With the United States experiencing a financial crisis on many levels, the business giants of American sports have also been affected. As many NBA and NFL fans are aware, both leagues are currently experiencing a "Lockout". In a nutshell, a lockout occurs when the duration of the previous contractual agreements between the "Employers" and "Employees" has lapsed before a new agreement can be reached. At that point, major obligations are forfeited from both sides until a compromise is made. In this case, the players and owners are in disagreement with regards to, what else... yep, you guessed it... money!
With huge incentives, player options, and bonuses in the mix of longterm contracts, it's obvious why both sides are particularly sensitive to exactly who gets what money, and when, and how much of it should be received by whom, and under which circumstances, and so on, and so forth. Essentially, one side usually has to give something, but when money is the conversation amongst millionaires, who's going to budge? SMH like YAK!
With huge incentives, player options, and bonuses in the mix of longterm contracts, it's obvious why both sides are particularly sensitive to exactly who gets what money, and when, and how much of it should be received by whom, and under which circumstances, and so on, and so forth. Essentially, one side usually has to give something, but when money is the conversation amongst millionaires, who's going to budge? SMH like YAK!
Unfortunately, during a lockout, negotiations are no longer mandatory by either side. Therefore, it is usual for days, even weeks to pass by while each side figuratively and literally, stares down one another in a compromising-standstill. Those who have experienced lockouts before were eager to get a deal done prior to the deadline for some of these same reasons, however now it is a common consensus that until monetary losses begin to persuade more reasonable communication across the board, fans should probably go ahead and get comfortable watching previously recorded games, vintage Dunk Contests, and ESPN Classics.
All in all, I am hopeful that both leagues will find a way to compromise and save the 2011 season... people's livelihoods truly depend on it... and after all, life is better because of sports, like YAK!
Twitter: @TPClikeYAK
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