NBA Lockout

NBA owners report losses, blame CBA for lack of profits

By Aakash Jain ’14
THE ROUNDUP

Just a few weeks after Commissioner David Stern crowned Dirk Nowitzki and the Dallas Mavericks league champions, the National Basketball Association announced an indefinite lockout July 1 at 12:01 a.m.

Unable to successfully negotiate terms to a new Collective Bargaining Agreement with the National Basketball Player’s Association since the beginning of 2011, the NBA has essentially released all current players from their contracts.