I am writing in response to Jazz fans who have taken a negative stance on Karl Malone's renegotiated contract. While we as fans consider basketball a sport or entertainment, it is, in fact, a business and must be managed like one.
Why shouldn't Karl Malone, John Stockton or any other NBA all-star be paid the "going rate" for their profession, that is if the team owner feels that it is in his best interests to foot the bill? The principle of supply and demand exists in any free-enterprise system. Why should we expect professional sports to be an exception?Concerning the idea that "a contract is a contract" and that Malone should honor the contract as written, we must remember that Larry Miller left open the possibility of renegotiation when the last contract was signed. If Malone can negotiate for more money and Miller feels compelled to pay it, then more power to both of them.
There is nothing legally or ethically wrong with changing contracts. It's done all the time. Miller had other options if he had felt that renegotiation was not in his best interests. I'm sure he has made a few bad decisions along the way but, let's face it, he didn't get where he is today by making a habit of bad business decisions. Since he has to pay the bills, let him make the decision and let us stay out of it.
Maybe those who took offense to this issue should take a hard look at why they're really having a problem with it. Most are probably allowing their own pocketbook to influence their judgment.
For those who disagree with the renegotiation as a matter of principle, do both yourselves and me a favor. Give up your tickets. You will be at peace for standing up for your principles, and I will be able to move up to a better seat for my money.
A.C. Ruger
Riverton