This deal was too close and it was too much of a victory for the owners for them not to bend a bit on some of the system issues after the players agreed to the 50-50 BRI split in my opinion. I think the rigidity that the players faced when they attempted to negotiate and the constant spewing of talking points by Stern pushed them to this point. Several days ago Larry Coon wrote an article detailing why decertification might work for the players. He covered a lot including the owners options if this happened etc. Here is a bit of Coon's article:
Decertification owes its power to the uneasy truce between labor laws and antitrust laws. The antitrust laws prevent employers from banding together to restrain competition. For example, if all the banks in a city agreed that they would not pay their tellers more than $30,000 per year, it would almost certainly be an illegal case of "price fixing." Likewise, if the banks laid off all their tellers and refused to rehire them unless they agreed to take a pay cut to $30,000, it would almost certainly be an illegal "group boycott." These types of agreements -- which restrain competition -- are addressed by the antitrust laws.However, collective bargaining encourages the very type of behavior that the antitrust laws make illegal. To resolve this inherent conflict, there is something called the "non-statutory labor exemption," which shields collective bargaining agreements from attack under antitrust law. This protection extends even after the agreement expires -- so long as a bargaining relationship continues to exist.
Here's the key to the whole process: This bargaining relationship continues to exist as long as the union is in place. If the players dissolve the union, the bargaining relationship dissolves with it. Without the bargaining relationship, the league is no longer shielded from antitrust laws.
Much of the economic structure of the NBA -- such as the salary cap, maximum salaries, rookie-scale salaries and the luxury tax -- could be challenged under the antitrust laws as a form of price fixing if there was no union. The lockout itself could be challenged as a group boycott.
In many normal businesses, employers fight unionization and would be thrilled if the employees decided to get rid of their union. But in the sports world, employers benefit from the existence of the union -- so the employees can use the dissolution of the union as a threat.
So far the NBA players have kept the dispute within the realm of labor law by continuing to negotiate as a union. If the players dissolve the union -- either by decertifying or through a related process called a disclaimer of interest -- they surrender their collective bargaining rights, lift the shield of protection provided by the non-statutory labor exemption, and shift the venue from labor law to antitrust law.
After decertifying, the players could then bring an antitrust suit against the league, challenge any rules that constitute a restraint of trade, and ask the court to end the lockout. They could also seek treble (triple the amount) damages -- up to $6 billion per year. The odds of winning are not 100 percent certain (they never are), but the risk to the owners would be enormous. Such a case could take years to resolve.
Once the union decertifies, the collective bargaining process would be over -- there literally would be no union with which the owners could negotiate. Billy Hunter, Derek Fisher and the other players on the executive committee would no longer be in charge -- as a practical matter, control would pass to attorneys. The players also could not reassemble the union for one year without the league's consent. However, such consent obviously would be granted if the two sides eventually cut a deal.