Word: lockout
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...YORK--In a big victory for NBA owners, an arbitrator yesterday rejected the union's grievance that 226 players with guaranteed contracts should be paid during the lockout...
...decision by John Feerick came on the 111th day of the lockout, which has caused the league to cancel the first two weeks of the regular season...
...union claimed that the absence of lockout language in the standard player contract meant the owners were liable for guaranteed salaries...
...owners argued that the right to withhold pay by imposing a lockout was a tenet of labor...
...sides are fighting over, among other things, the amount of revenues owners will devote to salaries. Concerned by salary expenses that are outpacing revenues, the owners imposed the lockout July 1 and have vowed to achieve a new deal that sets a definitive limit on payroll costs...