MillerCoors stops payments during NBA lockout (Players in the 1%! Will OWS cheer their lockout?)

JS Online ^ | 11/14/11 | Don Walker

[Recovering_Democrat]

It didn't take long for at least one major business to react to the news that the NBA players had rejected the league's contract offer. MillerCoors, which spends heavily on sports advertising and has sponsorship deals with many NBA teams, including the Milwaukee Bucks, announced Monday it was withholding all payments to its NBA partners until a resolution to the lockout is found.

Peter Marino, a MillerCoors spokesman, said the decision was made after players rejected the NBA's latest offer.

[Recovering_Democrat]

The Hussein endorsed OWS (bowel) Movement is all about hurting the 1%...so they must LOVE seeing the NBA going through some pain.

[Recovering_Democrat]

...and an evil beer corporation isn’t spreading the wealth...what is the Hussein endorsed OWS (bowel) Movement going to do?

I would like to suggest they all read Thomas Sowell’s “Basic Economics”.

[chrisser]

I’m not a sports fan, and I don’t know how the league is set up.

But I heard last night that the most recent deal had fallen through and the players were voting to decertify their union.

Is there some reason that the owners then couldn’t negotiate one-on-one with the individual players to continue the season and bypass the (decertified) union?

[JLS]

The players have a contract with the NBA owners. The NBA owners are locking the players out and not living up to their contracts, ie holding out to renegotiate that contract because they view it has become a bad contract.

Certainly a conservative who believes in contracts has some sympathy with the players. Equally a conservative that is pro-business has some sympathy with the owners.

[DManA]

This is what happens when both sides have unlimited budgets to hire lawyers.

[SorbetCon]

The players and owners had a contract which expired in June. The contracts no longer binds anyone. Not sure why, in this situation, you would feel sympathy for either party.

[freeangel]

Why would MillerCoors continue payments for something it’s not getting?

[Buckeye McFrog]

Miller needs to shoot a commercial where that jovial black truck driver shows up and removes all of the Miller High Life from LeBron’s fridge.

[dfwgator]

That would be so awesome.

[FewsOrange]

Is there some reason that the owners then couldn’t negotiate one-on-one with the individual players to continue the season and bypass the (decertified) union?

Yes. The owners are terrified of free markets.Almost all the rules are designed to prevent the owners having to compete financially for the players.

[businessprofessor]

Certainly a conservative who believes in contracts has some sympathy with the players. Equally a conservative that is pro-business has some sympathy with the owners.

I do not have sympathy with either side. This situation involves two cartels fighting over the spoils of a lucrative industry. Perhaps major professional sports are a natural monopoly. If yes, the monopoly should be regulated. Major professional sports have gained enormous taxpayer subsidies to increase revenues and compensation. Professional sports have also negotiated lucrative broadcasting contracts that many pay tv customers have little choice in paying.

[longhorn too]

I hope it is never settled and the NBA will be history!