What would be the pros and cons of an NBA lockout, an NHL lockout, MLB lockout

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 What would be the pros and cons of an NBA lockout, an NHL lockout, MLB lockout

 What would be the pros and cons of an NBA lockout, an NHL lockout, MLB lockout or NFL lockout (choose at least one league but you can choose two or more to contrast and compare)? Discuss this from a financial perspective above all else.
 200 words

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