Bobcat owner Jordan takes strong stand in talks

With disgruntled NBA players pondering decertification of their union, Charlotte Bobcats owner Michael Jordan is heading a group of a dozen owners opposing any big concessions in labor talks.

The NBA owners and players union representatives plan to resume collective bargaining talks Saturday and the owners have scheduled a meeting prior to the main bargaining session. Jordan’s group is expected to lobby hard against making any more major concessions in the next round of talks, The New York Times reported Friday.

Jordan, who paid $275 million to buy the Charlotte franchise, is reportedly upset that the league offered the players a 50-50 split of basketball revenues.

Jordan’s group of between 10-14 owners includes clubs who are trying to recoup previous losses and ensure long-term profitability for their teams.

Charlotte has struggled to make money and Jordan took on a sizable amount of debt when he purchased the team last year.

Another group of 50 players, including all-stars Dwyane Wade and Dwight Howard, are gearing up to push for decertification of the union next week, the US media has been reporting.

The executive committee of the NBA Players Association met on its own on Thursday and the players said after the session that negotiations would be restarted. Talks between the players and owners broke down last Friday.

Team owners and players have been unable to agree upon how to divide about $4 billion in annual revenues, with owners saying they need salary cuts from players in order to improve the fortunes of 22 clubs that are losing money.

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