More Bad Economic News for the NBA

by July 15, 2009
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Things keep getting gloomier and gloomier: “Commissioner David Stern said Tuesday that less than half the N.B.A.’s teams turned a profit last season and that some owners had argued that a worst-case decrease in the salary cap of 5 percent might be too optimistic…Last week, the league predicted that its salary cap could drop to between $50.4 million and $53.6 million in 2010-11, which would represent a loss between 2.5 percent and 5 percent in basketball-related revenue. On Tuesday, Stern added that teams could face at least a 10 percent drop in ticket revenue next season.”