Bonner: NBPA executive committee conference call tomorrow will consider next move

Spurs forward Matt Bonner, a member of the National Basketball Players Association’s executive committee, said Sunday the union’s leadership has scheduled a conference call for Monday to discuss its next move.

The NBA late Saturday night gave the union  a formal proposal for a new collective bargaining agreement that Bonner said called for “basically another 50-50 split” of basketball related income, along with some changes in the luxury tax system he said represented little change from the owners’ prior positions.

The union rejected the offer on the spot, whereupon Commissioner David Stern said it would remain only through the end of business on Wednesday.

If not accepted by the close of business Wednesday, Stern said the offer would be withdrawn and replaced by a much worse deal, with a revenue split giving the players only 47 percnet  of BRI and a “flex” salary cap the players already have characterized as an unacceptable hard cap.

Lakers guard Derek Fisher, the union’s president, said the NBA deal was not one the executive committee could take to its players for a vote and Bonner said every member of the executive committee is behind the decision to reject it.

“We’re all on the same page,” he said.

Bonner described the frustration of Saturday’s session, which was conducted under the guidance of George Cohen, head of the Federal Mediation and Conciliation Service.

“Saturday sucked,” he said. “The way we saw of saving the season and getting a deal was by saying the system was more important to us, BRI more important to them; we can compromise on BRI if they can come more to us on the remaining system issues.

“That’s what we were hoping would get a deal and we really thought the approach we took was going to get it done. But when George came back after taking our offer to the owners, what he came back with was five or six changes in system things, and all but one were what  the owners wanted. It was basically their deal.”

Bonner said the executive would discuss all aspects of the impasse in its Monday conference call, including a move by some agents to collect enough player names on petitions to call for a vote that could decertify the union.

Decertification would allow players  to file an anti-trust lawsuit against the league, but the more important immediate result would be some leverage for the union during roughly 45 days it would take for the National Labor Relations Board to arrange a vote of all 450 members of the union.

The threat of decertification and the uncertainty that comes with it could give the union the leverage it needs to coax a better offer from the league than the deal it rejected Saturday.

“I’m sure we’ll talk about everything on the call,” Bonner said.

Jeff Foster called the ‘Warren Buffett’ of basketball

Jeff  Foster is known around the Express-News sports department as the second most famous player on James Madison High School’s team during the mid-1990s.

The most famous, of course, would be our esteemed Spurs beat writer Jeff McDonald.

But Foster has one thing over McDonald other than his on team flights.

Foster probably could match the savings of the entire Express-News staff — and then some.

The former Southwest Texas State (now Texas State) standout has made more than $47 million during his NBA career. Most amazingly, Business Week magazine estimates that of his take-home pay.

Foster invested heavily in an internet venture early in his professional career and saw that money vanish. But he was able to save and grow much of recent contracts by investing heavily in municipal bonds and about 28 percent of his savings in cash.

It’s a fascinating story, particularly reading about the one indulgence that Foster has allowed himself.

After his last contract in 2008 with the Indiana Pacers, he allowed himself to buy himself a $100,000 Porsche.

“I wanted to treat myself, because I knew it could be my last big contract,” he told Business Week.

But with the lockout looming, Foster recently sold the sports car at a $3,000 loss.

He now he drives an Infiniti SUV. He’s also probably David Stern’s worst nightmare as far as a player who could wait out the lockout.

And hopefully, he’ll pick up the tab for his 20th class reunion back in the Alamo City in a few years.

Wrestler The Iron Sheik weighs in on lockout

The iconic wrestler The Iron Sheik had a few words of sage advice for NBA players as the lockout stretched into its  141st day.

And surprisingly enough, his recent Tweet made as much sense of any recent takes about the extended work stoppage.

Here’s what The Sheik, by his Twitter account:

The Sheik’s makes a good point that both sides should consider.

And if they don’t,  maybe The Sheik should threaten Billy Hunter and David Stern with the Camel Clutch that brought down Bob Backlund. Or this kind of :