NBA Lockout
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NBA Lockout
The National Basketball Players Association lockout greatly affected the United
States economy. Greedy team owners and greedy players fighting over large
amounts of money caused the lockout. In March of 1998, team owners felt that
they were paying players too much money, causing clubs to lose money, so they
voted to reopen discussions on the collective bargaining agreement. The players
on the other hand felt that any team financial problems were the owners doing,
not how much money players were being paid. When the two sides could not settle
their differences and the collective bargaining agreement expired, the owners
decided to lockout the players until they reached an equal agreement. Lasting
six months and into the NBA season, the lockout had a huge effect on those
businesses or people associated with the games. First of all, since the games
were not taking place this meant that employees were not able to work in the
stadiums. Those employees who are usually hired to work the concession stands or
sell food, drinks, and souvenirs around the stadium were out of work while the
lockout persisted. Lack of work meant less income for the old stadium employees,
thus lowering the demand for other goods that these people would normally buy.
Lower incomes make people purchase fewer amounts of goods from stores,
restaurants, and other recreational activities. In an article entitled
"Playing With Fire: A NBA Lockout Could Leave Fans Out in the Cold," a
Phoenix Suns fan, Phil Lester, discusses the NBA lockout and how much money he
spends on game nights. Phil says that "he can easily spend between $50-$100
on a night when the Suns are in town, counting dinner before the game, then some
snacks and a couple of adult beverages during it. And that doesn't include the
money spent on the tickets." Without the NBA, the money usually spent by
fans will go unspent, greatly affecting businesses, workers, and the economy as
a whole. Restaurants near the basketball stadiums lost money because of the NBA
lockout. Basketball fans eat or drink at restaurants and bars before and/or
after games, but these fans were absent from the restaurants and bars because
there were not any games to go watch. In an article entitled "Check,
Please," John Donovan writes that when the Suns are playing at their home
arena in Phoenix, people crowd the city. He says that on game nights an owner of
a bar or restaurant, A.J. Sulka, can expect to serve at least 1000 people when
on non-game ni...
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