Malcolm Gladwell has just penned a brilliant piece entitled “The Nets and NBA Economics” on Grantland, that exposes David Stern’s big lie regarding the profitability of the New Jersey Nets. I highly recommend it, especially for those who think that the NBA owners have been straight-up about their desperate straits. What goes for the Nets goes for every NBA franchise: the real money is made away from the public eye, behind closed books.
I also like Gladwell’s larger point, that we can see in the NBA owners’ stance a reflection of our current politics and class divisions. Who is waging war on whom?
Thanks to all who have been reporting the “progress” of the talks in the comments to this blog, as I laze through this dreary lockout. Here’s another clean well-lighted thread for your efforts.