NBA Players are about to lose some cash

So last Thursday, NBA commissioner David Stern stated that the league would cut the player salaries by a third because it is not profitable. The NBA says that it spends to much on the player salaries and their benefits, it comes out to $2.3 billion. Thats a lot of money but I dont know if the players will be agreeing to this salary cut. The league hopes to cut down costs by $750 to $800 million. The thing that will probably be a road block to this idea would be the owners of teams. An estimate was made that states that owners would lose $340-350 million this season alone. Even though this season had the biggest ticket sales in a while the league will still go through with this new plan. I personally think that the NBA players will be totally against this because for example a player with a pay of $120 million will get paid $80 million, I mean that is not bad but for some players that would end up being bad. This was all in talk during summer between the league and the NBA team owners but Stern has finally decided to finally bring this new idea to the public. So we will see eventually what happend with this new proposed idea, but right now it is known that this budget change must happen. See you guys later and until the next time I write a blog. Good day.