The recent tough economic times has made its way to one of the biggest moneymaking businesses around- Professional Sports. A few months ago the National Football League had struggles with differences between players and owners. One of the main points was how much money the players were making. The league could not stay together. Another thing at issue was the television contracts. Football became such a large consumer of money that many networks wanted to be in charge of playing the games.
Thankfully, the NFL reached an agreement after One hundred and thirty five days, thanks to huge contributions by owners such as Robert Kraft of the New England Patriots. I do not know how the world would be different right now if it was not for football. So many people rely on it. The cable companies get ratings, the sports stores need to sell apparel, and bars and restaurants bank of Monday night football for their sales of wings and beer.
The lockout trend moved to a different sport. Basketball. Throughout the year experts predicted that there would be a lockout come the offseason, but no one expected, or hoped that it would be this bad. Already the commissioner David Stern cancelled the first month of the season. The NBA lockout has already lasted 125 days. The major problem, along with the NFL’s is the disagreements in trying to create a new CBA (Collective Bargaining Agreement). According to NBA.com, if the November games are not made up, both sides (players and owners) will lose $400 million between now and December 1st. Another startling fact is that according to the Sports Business Journal the Detroit Pistons will lose 1 million dollars for every home game that is missed. So far there are 8 games cancelled. Detroit also is not the best city for revenue of basketball games. Teams such as the Celtics, Lakers, and Thunder I assume will lose a lot more money per missed game.
Hopefully they can reach an agreement soon and get back to playing the great game of basketball at the professional level!
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