2017 marks the end of the current NBA collective bargaining agreement (CBA) and it’s expected that there will be another lockout/work stoppage before the owners and players come to a new agreement. As we gear up for the upcoming headache, the owners are already building their case, claiming that many teams are currently still losing money.
NBA franchises are worth more than ever. The league will soon begin lucrative new national TV contracts. Free agents are getting crazy-large contracts and still, NBA owners are crying poverty.
According to Tim Bontemps of the NY Post, Adam Silver says there are still a “significant number” of teams that are losing money.
It seems pretty hard to believe with revenue coming in from several different areas, the tax breaks they find, and the league having a hard salary cap. It’s basically just the owners setting up their bargaining chip, trying to get more from the revenue split or prevent the players from getting more.
Things could get pretty ugly. Hopefully we don’t lose a significant portion of the season.
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The post NBA: Adam Silver Says There’s Still a ‘Significant Number’ of NBA Teams Losing Money appeared first on In Flex We Trust.
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