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Report: NBPA Spending Millions on Lawyers
Posted By HOOPSWORLD On September 27, 2011 @ 6:59 am In All,Headlines,NBA Headlines | No Comments
With neither party in the habit of discussing such matters, a definitive answer is almost impossible to determine. But a review of documents filed with the U.S. Department of Labor by the National Basketball Players Association (NBPA) between 2005 and 2010 offers some insight into how much the union, at least, spent on legal fees for the last round of labor negotiations—and a taste of how much it could end up spending on lawyers in connection with the current talks.
All told, the NBPA spent some $2 million on outside legal advisers during the years in question, a period of relative labor peace that followed the implementation in July 2005 of the league’s most recent collective bargaining agreement.
According to the annual financial reports filed by the NBPA with the Labor Department in the five years after that—the most recent of which was submitted in June 2010—the union has made payments to at least nine law firms. (Federal law requires that all labor unions in the U.S. make annual LM-2 filings with the Labor Department.)
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