Blog Entry

Heat owner voted down NBA labor deal in 'protest'

Posted on: December 22, 2011 5:02 pm
Edited on: December 22, 2011 5:04 pm
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Posted by Ben Gollivermicky-arison

After drawing a $500,000 fine for publicly disassociating himself from hardline owners who were holding up the 2011-2012 NBA season, Miami Heat owner Micky Arison actually voted against the league's new collective bargaining agreement.

The Associated Press reports that Arison revealed his decision to cast a "protest vote" to reporters on Thursday.
Arison says it was "a protest vote" primarily in response to the way revenue-sharing components of the deal will be structured. He is the second owner to reveal that he voted against the CBA, joining Dallas' Mark Cuban.

In all, five teams voted against the CBA. Arison would not name the other owners who voted no.

Arison declined to say if he would have cast the "no" vote if the CBA wasn't already assured of passage. Enough votes to pass were already secured by the time Miami made its selection.
The Sun-Sentinel reports that the sticking point for Arison was the league's revenue sharing program, which will require a drastically larger contribution from him.
"While I did everything I could behind the scenes and some not-so-behind-the-scenes to get playing by Christmas," Arison said, "when you come down to it, financially, it's important to understand that revenue sharing and the CBA together, it's a tough financial deal for us, particularly the revenue-sharing piece of it, the way it's structured.

"For us to have to pay revenue sharing to larger-market teams was disturbing, and we will. And so that was a kind of protest vote on our part."
Back in October, Arison wrote to an angry fan on Twitter that they were "barking at the wrong owner" when it came to complaining over the slow development of labor talks. That comment drew a $500,000 fine from NBA commissioner David Stern because it violated a gag order he imposed on the league's owners during the lockout.

"Just to make it clear no one is happier to see the NBA starting on Sunday than me," Arison tweeted on Thursday. "Big things are coming."

The Heat's owner was recently ranked No. 75 on the Forbes 400 richest Americans list with an estimated net worth of $4.2 billion. 
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Category: NBA
Comments

Since: Feb 17, 2008
Posted on: December 26, 2011 9:10 pm
 

Heat owner voted down NBA labor deal in 'protest'

"it's a tough financial deal for us."  The Heat's owner was  with an estimated net worth of $4.2 billion.


qingtoob
Since: Dec 23, 2011
Posted on: December 23, 2011 12:13 pm
This comment has been removed.

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Since: Jan 2, 2009
Posted on: December 23, 2011 12:11 am
 

Heat owner voted down NBA labor deal in 'protest'

An owner who gets Lebron and Chris Bosh to come to his team for nothing is complaining that he has to share revenue that he never earned in the first place.  I think I hate the Heat even more than before.  I think he wants people to hate him more so Lebron doesn't feel so bad.



Since: May 6, 2009
Posted on: December 22, 2011 10:23 pm
 

Heat owner voted down NBA labor deal in 'protest'

Why do the owners run their mouths. Up to one point, I only knew Cuban as an owner simply because he actually sat in the crowd to watch the Dallas games. Now we have owners running their mouths to get publicity. Wish they would all shut up....LOL! Especially Dan Gilbert!!



Since: Dec 5, 2006
Posted on: December 22, 2011 10:18 pm
 

Heat owner voted down NBA labor deal in 'protest'

Clearly the need for a season trumped the dislike of the revenue sharing plan. Arison unhappily adds to the revenue sharing by saying publically what he has and likely will get another fine now. However, the Miami marketing of his dissatisfaction may earn him more than he gives up.

To explain, the revenue sharing is largely the luxury tax which in two years becomes so onerous that Paul Allen believes nobody will be over the tax line. That is the real issue for owners like Arison, committed to buying another title, as the playing field is leveled for major market teams with small market teams. Nobody knows if this plan works. If there is luxury tax it is now shared by all the league, even those paying the tax. That seems to be the burr under Arison's saddle.

Finally, the Heat stand to be among the top revenue earners in the league. Their draw is for away games as well as home games and this revenue sharing plan, unlike the NFL, does not factor in the attendance by team. The real money is in the local sponsorships and cable coverage. Miami has the potential to earn more than $100M per year, well above most all of the other teams not LA or NY.



Since: Sep 19, 2011
Posted on: December 22, 2011 8:08 pm
 

Heat owner voted down NBA labor deal in 'protest'

I don't think it's that big of a deal to learn which 5 owners Voted down the labor deal


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