News for 6/21/11
The NFL and NBA are going hot and heavy with CBA discussions.
- Latest proposal from the NFL (which has yet to be voted on by the owners) would guarantee a straight 48% share to the players, and would create a system in which all teams’ payrolls would approach the salary cap amount every year. The straight percentage is different from the previous system, which had the teams take $1 billion off the top for stadium expenses.
- The NBA is proposing a “flex cap” which has a salary floor, max, and a sort of “supermax.” Previously, that upper limit was the luxury tax threshold, which if breached would require a dollar-for-dollar tax on additional payroll. The players consider the as-yet-not-enumerated upper limit a hard cap, since it provides a payroll ceiling. The two sides are early in their discussions.
Governor Brown is expected to announce an alternative to the budget he vetoed last week. Plans may include a revised (or not) take on redevelopment.
The California Redevelopment Association released a spreadsheet detailing the amounts that would have to be paid by various redevelopment agencies if AB 26 and 27 were signed into law by Brown:
- Alameda County: $7.7 million
- Fremont: $9 million
- Oakland: $39.7 million
- San Diego: $69.8 million
- San Francisco: $24.6 million
- San Jose: $47.6 million
- Santa Clara: $11.4 million
Remember that if the cities are not able to make these payments, they would not be able to issue additional bonds or otherwise acquire debt.
As initially reported by Rich Lieberman, KTRB is switching to a Spanish sports radio format, courtesy of ESPN Deportes. Once fresh capital is put into transmitter maintenance and facilities, I’d expect the 50,000-watt station to go after the… Giants. The Giants have Spanish broadcasts split between a 5 kW station in Pittsburg and a 10kW station in SF that drops to 500 W after sunset. Assuming the station got enough care and feeding, it could be a formidable player.