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National Basketball League Lockout
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The National Basketball Players Association lockout greatly affected the United States economy. Greedy team owners and greedy players fighting over large amounts of money caused the lockout. ... When the two sides could not settle their differences and the collective bargaining agreement expired, the owners decided to lockout the players until they reached an equal agreement. Lasting six months and into the NBA season, the lockout had a huge effect on those businesses or people associated with the games. ... Those employees who are usually hired to work the concession stands or sell food, drinks, and souvenirs around the stadium were out of work while the lockout persisted. ... In an article entitled Playing With Fire: A NBA Lockout Could Leave Fans Out in the Cold, a Phoenix Suns fan, Phil Lester, discusses the NBA lockout and how much money he spends on game nights. ... Restaurants near the basketball stadiums lost money because of the NBA lockout. Basketball fans eat or drink at restaurants and bars before and/or after games, but these fans were absent from the restaurants and bars because there were not any games to go watch. ... The NBA lockout would cause Sulka, and other restaurants and bars in town, to lose several thousands of dollars per game night. ... Businesses rely on basketball games to bring them people who will buy goods and services from them. Although the lockout results in less income for businesses related to basketball, it does mean that fans who normally go to games and spend money will not be spending the money or would spend the money elsewhere.
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Paper Information
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Title: National Basketball League Lockout
Words: 1166
Rating: None
Pages: 4.7
submitted by: caliguy33
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