The Owners are the ones who opted out of the current collective bargaining agreement, not the players. Why did they? well because some of their other business ventures have suffered over the past 5 years.
I don't feel bad for some billionaires, a lot of whom inherited their wealth.
Even if I concede the facts (which I don't) how does this make any difference at all? The players "inherited" their abilities, were lucky to be in the right place at the right time, etc. They are just as privileged to be in this position, if not more so. By your rational we should have no sympathies for the players, either.Also, only half the owners are billionaires, and I don't know how that makes any difference in the world either: if they are not getting a market return on their investments, they will try to change or modify those investments. Economics 101.
It hasn't happened yet, but as returns fall, owners will divest themselves to some degree and pursue other investments. Moreover, the owners also represent minority share holders, who are
not billionaires. These will be the first ones (those most likely) to jet when returns fall. In general, falling returns lower the value of the franchise (or slow the rate of increase). Seems like the owners have reasonable concerns, particularly given all the other things they've forgone with all those "billions" they've inherited.
They want a billion dollars back from the players, well the players have every right to ask why? the NFL is making a ton of money, so why should the players give up something just to make the owners happy?
Because the players are their employees? Now to some degree they are partners (to the extent that certain players are highly expensive to replace or irreplaceable), but it's still fundamentally a employer-employee relationship. If the employer doesn't like his bottom line, he'll put his money into something that does. That's the way markets work. Contracts are voluntary. If the players don't want to be employed in the NFL, no one is forcing them to. They can flip burgers to make a living - like a LOT of us do.
The CBA, as best I can tell, does not give the players some legal authority to compel owners to tell them why they wish to renegotiate, compel them to open all their books for the world to so, or compel them to give certain terms on any subsequent negotiated contract.
and let's be honest they are far more players that make the league minimums then 5 million a season. with the avg career at around 3 years, that's not a ton of money. say 900k before taxes are taken out, so that leaves them around probably 450k. it's a nice amount of money, don't get me wrong, but you are not retiring at 24 yrs old on 450k. not happening. not to mention the long term health effects these people have. I've met some of these guys, people who are in their early 40s and can hardly walk. (and they certainly didn't make even the kind of money I mentioned earlier).
I guess you're trying to make some "fairness" argument, here. You can talk about compensation all you want [which I don't concede the facts here, either] but, at the end of the day, it's as simple as this: there are far, far, far fewer NFL players who quit their jobs than in the rest of the private sector. Obviously, they love their jobs or at least find them highly remunerative relative to their next best alternative. The proof is in the pudding.
If the voluntary turnover rate in the NFL was incredibly high then, yeah, maybe one can speculate that these jobs are somehow underpaid. But they aren't.
I'm not even a union fan, but the owners in this situation want something back and aren't saying why. the reason is because they aren't suffering any losses from the NFL revenue. they want more money from the players to cover their losses from other business areas. too bad for the owners, I say.
I don't think this is genuine at all, but more like a claim for objectivity. From your statements it seems clear you are highly suspicious (or not well informed) of the market process and how owners of resources make their decisions in a market system, all the while being highly sympathetic to worker demands. This is not to say any of us are purely objective, but I think you should be honest with how your bias colors all of your thinking and analysis.
I really don't see how anyone can side with the owners here. I really don't.
I haven't fully articulated the owner's perspective, but I hope I've answered some of your questions.