Here is a portion of the column in Thursday's paper:
The owners claim 22 of the league’s 30 teams are losing a total of $370 million per year and insist the entire financial structure must be overhauled for the league to survive.
For obvious reasons, the players like the current system, in which the average salary is the highest of any major sport in the world, to continue.
Players are earning an average of $5.7 million, which is nearly 18 times the $330,000 they pocketed in 1984-85 (the first year with an NBA salary cap). Players receive 57 percent of all Basketball Related Income (BRI) and nearly all of the contracts are guaranteed.