Stern: NBA, Union Might Have To Adjust Contract - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Stern: NBA, Union Might Have To Adjust Contract

Posted: Updated:

WASHINGTON (AP) -- Commissioner David Stern says the NBA and union might have to make "some adjustments" to the labor contract when it expires in two years, but he foresees no "doomsday scenario" for the league because of the current economic crisis.

Minnesota Timberwolves coach Kevin McHale said recently the NBA had entered its own "Fannie Mae, Freddie Mac era of subprime loans" because of player salaries. He added that players will need to make substantial concessions at the bargaining table.

Agent David Falk predicted to The New York Times that the next round of talks will be "very, very extreme," and owners could shut down the league for a year or two if the players don't agree to the owners' demands.

"I'd just say the 'doomsday scenario' is that the NBA is somehow going to be irretrievably damaged by some event or another," Stern said Monday at George Washington University, where Washington Wizards owner Abe Pollin was inducted into the School of Business Sports Executives Hall of Fame. "The predictions of the demise of the NBA were frequent and profound (over the years), and they've always been wrong."

Last month, 12 NBA teams elected to borrow $200 million, funds that became available in addition to a pre-existing leaguewide credit facility and the league felt it demonstrated confidence in the clubs.

"We've managed to keep the ship afloat, and I think we will continue to do that this time," Stern said. "I'm not unduly pessimistic. I think when we see where this economy comes out, there may be some adjustments that are necessary at the team level and at the league level. But I think that in our players and in our union, we find a group of realists that are sensitive of the needs of our fans and our sponsors, and I'm optimistic from that perspective that we will be able to ultimately work something out.

"I'm not optimistic or pessimistic about the economy, I'm just assuming the worst and hoping for the best as we seek to stabilize ourselves amid a storm of difficult economic times."

Stern said revenues will be "up a percent or 2" for this season, but he is "quite concerned" about next year.

"We certainly see that our sponsors are hurting, and we're working really hard to do what we can to minimize that hurt and to keep our business going."

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • SportsMore>>

  • Curry cleared to take part in modified practice for Warriors

    Curry cleared to take part in modified practice for Warriors

    Saturday, April 21 2018 3:57 AM EDT2018-04-21 07:57:09 GMT
    Golden State Warriors guard Stephen Curry has been cleared to take part in modified practices but will be out at least one more week with a left knee injury. 
    Golden State Warriors guard Stephen Curry has been cleared to take part in modified practices but will be out at least one more week with a left knee injury. 
  • Ross loses no-hit bid with 2 outs in 8th, Padres top D-backs

    Ross loses no-hit bid with 2 outs in 8th, Padres top D-backs

    Saturday, April 21 2018 1:08 AM EDT2018-04-21 05:08:40 GMT
    San Diego Padres starting pitcher Tyson Ross throws against the Arizona Diamondbacks during the first inning of a baseball game Friday, April 20, 2018, in Phoenix. (AP Photo/Matt York)San Diego Padres starting pitcher Tyson Ross throws against the Arizona Diamondbacks during the first inning of a baseball game Friday, April 20, 2018, in Phoenix. (AP Photo/Matt York)

    Tyson Ross lost his bid to pitch the first no-hitter in San Diego Padres' history when center fielder Franchy Cordero appeared to misplay a ball with two outs in the eighth inning Friday night of a 4-1 win over the Arizona Diamondbacks.

     

    Tyson Ross lost his bid to pitch the first no-hitter in San Diego Padres' history when center fielder Franchy Cordero appeared to misplay a ball with two outs in the eighth inning Friday night of a 4-1 win over the Arizona Diamondbacks.

     
  • Karolyis to NBC: 'No way' they knew about doctor's behavior

    Karolyis to NBC: 'No way' they knew about doctor's behavior

    Saturday, April 21 2018 1:05 AM EDT2018-04-21 05:05:25 GMT
    Former USA Gymnastics women's national team coordinator Martha Karolyi and her husband Bela tell NBC they were unaware of the abusive behavior by a former national team doctor now serving decades in prison. 
    Former USA Gymnastics women's national team coordinator Martha Karolyi and her husband Bela tell NBC they were unaware of the abusive behavior by a former national team doctor now serving decades in prison. 
Powered by Frankly
All content © Copyright 2000 - 2018 Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.