Notice A confidential report shows nearly half the NBA lost money last season. Now what?

Discussion in 'NBA General' started by truebluefan, Sep 19, 2017.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    Despite a flood of new national television cash, 14 of the NBA's 30 teams lost money last season before collecting revenue-sharing payouts, and nine finished in the red even after accounting for those payments, according to confidential NBA financial records obtained by ESPN.com.

    The gap between the league's most profitable teams and its weaker siblings will be addressed at the league's Board of Governors meeting on Sept. 27-28 in New York. Owners have planned a half-day review of the league's revenue-sharing system, sources said.

    Some teams in smaller markets struggling to keep up with a fast-rising salary cap have pushed the league's richest franchises to share more of their profits, according to ownership sources. Some have argued that the expanding profitability gap could warp competitive balance: If big-market teams can earn fat profits even while paying the luxury tax, they could in theory hoard more stars.

    read more http://www.espn.com/nba/story/_/id/...arly-half-nba-lost-money-last-season-now-what
     

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