NBA Fines Michael Jordan $100,000
Rucuss staffSeptember 15, 2011
Michael Jordan was fined $100,000 by the NBA for speaking publicly about the league’s labor issues during the current lockout. Wonder did Jordan even flinch when he was told? The fine doesn’t even put a dent in his annual lucrative income he receives from Nike.
Jordan told Australia’s The Herald Sun about the need for revenue sharing and mentioned Milwaukee Bucks’ Australian center Andrew Bogut. His interview violated the league’s policy that bars team owners from discussing the lockout or players.
Here are the comments Jordan was fined for:
“The model we’ve been working under is broken. We have 22 or 23 teams losing money, so I think we have to come to some kind of understanding in this partnership that we have to realign.”
“I know the owners are not going to move off what we think is very necessary to put a deal in place that allows us to co-exist as partners. We need a lot of financial support throughout the league as well as revenue-sharing to keep this business afloat.”
“We have stars like Bogut, who are entitled to certain demands. But for us to be profitable in small markets, we have to be able to win ball games (affordably) and build a better basketball team.”
While Jordan is trying to rally other owners for revenue-sharing, the NBA doesn’t believe it would help turn a profit. The NBA claims to have lost $300 million last season. The lockout began July 1.
Jordan bought the unprofitable Bobcats for $175 million from former owner Robert Johnson. The six-time champion paid $125 million less than Johnson for the expansion team seven years earlier. The Bobcats received less than $5 million in the league’s supplemental revenue sharing system sharing last season.
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