jimmy keys wrote:vxmike wrote:BoogieTime wrote:
How do Sweden, Belarus and the non locked down countries look ?
Even if it was doing untold damage, societies cant afford it
You mean we can’t continue to print our way out of this crisis? /s
The average person isn't even aware of how close we are to hyperinflation or how much money has been printed in the last 6 months.
Fears of a debt related hyper-inflation have been overblown for decades. National debt skyrocketed into the trillions and we never saw it. It didn't happen during WW2 and it didn't happen after the 08 recession.
Sure, eventually a tipping point will come, but we really don't know where that point is. Right now stimulus is needed to float the economy and keep it from collapsing. It really isn't that big of a deal.
The NBA isn't any different. Owners and players alike will have to eat some dough and artificially float the cap a bit. That doesn't mean anyone has to bend over backwards to keep it on an upward trajectory, just enough to keep things from falling apart.
If the NBA keeps the cap in the $105-110m range for a couple years and slowly brings it back up relative to revenue things will be fine.
A percentage of player salaries are kept in escrow. Some owners may end up paying more in luxury tax than they anticipated. *Free agent contracts will be suppressed. Franchises may have to borrow to make payroll [nobody is going to be crying for Fertita]. Life will go on and so will the NBA.
*If players don't understand this then their agents aren't doing their job.