In April 1 this year, NBA and the players’ union reached a new labor agreement, which lasted for 7 years and was implemented from the 23-24 season.
As for this newly reached agreement, many journalists also disclosed many of its contents. Compared with the previous agreement, the new agreement has made many changes to NBA’s labor system, one of which is particularly eye-catching, that is, allowing active players to join NBA teams. Today, my cousin wants to show everyone the content of this rule in detail and analyze its impact on the alliance. NBA has always not allowed active players to hold shares in the team, which is mainly due to moral considerations. In fact, it is not just NBA, but the four major sports leagues in North America do not allow active players to hold shares in their teams. However, this time NBA opened the precedent of professional sports in North America. According to the new labor agreement, active players can join NBA teams, but they must do so through private equity funds designated by the players’ union.
As we all know, joining NBA teams has always been the demand of players, and now they finally get what they want.
Active players can take part in NBA teams. The benefits of this matter are obvious. In recent years, NBA has developed rapidly, the team’s valuation has been rising all the way, and the transaction price in the market has hit a new high repeatedly, ballmer spent US $2 billion to buy Clippers in 2014, Cai Chongxin bought basketable nets in 2.35 billion in 2019, and the sun and WNBA Mercury team packed and sold US $4 billion in last December, all of which created the transaction price record of the basketball club at that time. As an important member of NBA, active players can not only enjoy the benefits of NBA development through salary, but also share the dividends of NBA development through equity, this is definitely a good thing for them.
If one thing has only advantages and no disadvantages, then it is the most ideal situation, but the reality is often not the case. Many things are not only good, but also bad. It is such a thing that NBA allows active players to take shares this time. After the league allows active players to take shares in NBA teams, it has also caused a burst of concern in the outside world. This concern mainly comes from the moral level, for example, when a player plays against the team he holds, will his mentality and performance be different from before? It is also common for people to have such worries. After all, NBA is not only a business but also a basketball sport, which is about sports spirit. There is nothing wrong with the players making more money, but they should also build on the basis of concentrating on playing.
Of course, this kind of worry may also be redundant. Active players hold shares in the teams of the league they play for. This matter has a precedent in the sports world, and it is in our CBA league. Time went back to 2015. At that time, Wang Zhilin, who worked in Fujian men’s basketball, bought 1 million shares of Xunxing, the parent company of the team, and became the small boss of the team while playing for the club. This matter was allowed by CBA company, and it did not cause any problems from the later situation. This shows that it is sometimes feasible for active players to participate in shares.
In any case, it is a foregone conclusion that active players can participate in NBA teams. Since the restrictions on rules have been removed, it will only be a matter of time before active players become small bosses of NBA teams. Many active NBA players, such as James and Durant, have expressed their wish to have an NBA team before. Now they can begin to do this and their dreams are expected to come true.
What do bar friends think about the matter of players’ shareholding? Welcome to express your opinions in the comments ~
Details and cases of NBA labor agreement
