For the second time in the past several months, a major professional sports league has entered a lockout between team owners and the league's player's union. However, unlike the National Football League's stalling, which was resolved with a new collective bargaining agreement in July, the National Basketball Association's holdout may not reach a resolution for a prolonged period of time.
Currently, only the Los Angeles Lakers, the Orlando Magic, the San Antonio Spurs and the Boston Celtics have more than the league's $70 million salary cap committed to their rosters for the upcoming season, whenever that may be.
While this point remains the largest issue on the table, neither side has been willing to acquiesce and accept a deal in order to resume the upcoming season. In fact, the 2011-2012 season looks so unlikely to take place that many star players have already signed deals to play overseas.
Business owners may want to remember this fact in their own negotiations. If they take too hard a stance and drive potential partners away, those partners may move elsewhere.