Can't NBA team owners and players just get along?
The billionaires and the multimillionaires are at it again — the latest war of the plutocrats coming in the National Basketball Association.
Earlier this year, it was the National Football League owners and players who battled over how to share that sport's lucrative revenues. Now it's the NBA owners and players fighting over the same issue.
Earlier this week, the players overwhelmingly rejected the owners' latest offer. They followed that decision by disclaiming their union as the players' negotiating representative and filing a lawsuit against the owners that alleges the league is in violation of anti-trust law.
NBA commissioner David Stern responded to the litigation by characterizing the players' purported abandonment of their union as a "magic trick" that won't work in court.
But it's a reminder once again that everything is relative. Ordinary people are having a hard time making ends meet during this time of economic uncertainty. Meanwhile, players and owners are feeling justly aggrieved because they can't figure out a way to divide hundreds of millions on dollars in a way that will benefit each side.
Owners feel like they've been had in the past and, claiming to be losing money, want to win this time. Players are prepared to make concessions, but not to give away the store.
Eventually, they'll make a deal. Maybe they'll lose the whole season and maybe they won't. They've already lost about one-quarter of it. Whatever happens, most people have better things to worry about, and that's something the owners and players need to remember as this financial standoff plays out.