
WNBA players and league officials meet for CBA discussions during All-Star weekend
'I don't know that I'm going to say progress, but we had spirited conversation,' said Terri Carmichael Jackson, the executive director of the Women's National Basketball Players Association.
If a deal isn't done by the end of October, some players, including Napheesa Collier and Reese, have mentioned the potential of a walkout, which could present some immediate problems. The league has two new teams in Portland and Toronto starting next season and the expansion draft has typically been in December. Free agency usually starts in January.
The league has never lost a game to a work stoppage since it started in 1997. Jackson said the sides would eventually get to a new deal, though wouldn't say if they got any closer to it Thursday.
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'I think we're on track to get back to meeting, and to engaging in conversations that will lead us to a CBA,' she said.
Jackson said Thursday was the most players the union ever had in the room, and was particularly impressed by the number of young stars such as Clark, who have helped spark unprecedented growth across nearly every business metric from attendance and viewership.
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There's also the new $2.2 billion media rights deal that will start next season, and the league plans to expand to 18 teams by 2030, with each of the three new teams paying a $250 million expansion fee.
Players sent the league an initial proposal in February that the league finally responded to last month. Jackson believes the sides can overcome that slow start.
'I think we have plenty of time,' she said.
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CNBC
3 hours ago
- CNBC
The investor behind Opendoor's 190% run nearly shut down his fund
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The stock's highest-volume trading days on record were Wednesday, Thursday and Friday of this week. Jackson said in an interview on Thursday that the bulk of his firm's Opendoor purchases came when the stock was in the 70s and 80s, meaning cents, and he's bought options as well for his portfolio. Nothing has fundamentally improved for the company since Jackson's purchases. Opendoor remains a cash-burning, low-margin business with meager near-term growth prospects. What has changed dramatically is Jackson's online influence and the size of his following. The more he posts, the higher the stock goes. "There's a real hunger for buying the next big thing," Jackson told CNBC, adding that investors like to find the "downtrodden." It's something Jackson's firm, based in Toronto, has in common with Opendoor. When Opendoor went public through a special purpose acquisition company in 2020, it was riding a SPAC wave and broader gains driven by low interest rates and Covid-era market euphoria. 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7 hours ago
- USA Today
Former NFLPA head Lloyd Howell was sunk by his own secrets
That the NFL Players' Association ended up here — with their leader, Lloyd Howell, resigning amid multiple scandals Thursday — shouldn't be a surprise. When you marry secrecy, you get secrets. And, well, Howell's NFLPA had some secrets. Like the fact an independent arbiter ruled in favor of the NFLPA's grievance case there was a PREPONDERANCE OF EVIDENCE COMMISSIONER ROGER GOODELL AND THE FORMER LEAD LEAGUE ATTORNEY ENCOURAGED TEAMS TO COLLUDE against giving players guaranteed dollars. The key part is capitalized for a reason. Howell and the union didn't want anybody to know about it. Essential reporting from Pablo Torre and Pro Football Talk's Mike Florio unearthed the initial ruling. ESPN's Kalyn Kahler and Don Van Natta Jr. added layers by exposing a secrecy agreement between the NFL and NFLPA to keep the arbitration ruling buried. What should have been a slam dunk for Howell and his union inexplicably became a 'nothingburger.' If only his tenure could be described that way. 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The final nail in the coffin appeared to be the ESPN report that he was involved in a sexual discrimination and retaliation lawsuit at his former job in 2011. Per ESPN, some players who voted for Howell were unaware of the suit. One month after his election, Howell's firm settled a $377 million lawsuit with the government after a whistleblower claim of overcharging. Howell was the company's chief financial officer. Perhaps a proper, public vetting process could have prevented this. Some good certainly happened at the NFLPA under Howell. The player surveys were a hit and led to tangible change, with owners prompted to improve life and conditions for the players and their families. The timing for the union is not ideal. The CBA expires in 2030, and that may feel distant. Labor negotiations have a funny way of making any timeline feel clustered. The work to avoid labor strife down the road had already been started. 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