Tuesday, December 6, 2011

The NBA Lockout: battle of the 1%

The NBA lockout already ended a couple of weeks ago, but even as an avid basketball fan, I was so apathetic about the whole thing. It was owners vs players, billionaires vs millionaires. The sense of entitlement of these two camps was sickening; they are all part of the top 1% in terms of income (and the mean of basketball players’ income is highest among athletes), yet for months, they could not agree to a Collective Bargaining Agreement. And this was all happening during a time when income inequality was a genuine concern of the public. To see millionaires squabbling over who gets more was disappointing, when a normal American won’t even be able to earn a million in their lifetime.

http://denver.sbnation.com/denver-nuggets/2011/11/26/2587870/nba-lockout-news-agreement-details-free-agency-salary-cap

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