In his annual All-Star Weekend address, David Stern announced that the NBA is projected to lose a total of $400 million dollars this season. While it may not come as a surprise that the NBA isn’t doing so well, losing $400 million dollars in one season would classify as an outright failure.
In fact, Stern said that the NBA has lost at least $200 million dollars per season since the beginning of 2005. You could blame this recent rough spot on the sagging economy, and that certainly plays a part, but Stern has also placed the blame elsewhere.
He mentioned that one of the biggest problems in the NBA is that players are simply making too much money. With the advent of the new collective bargaining agreement in 2005, NBA players are signing longer contracts for more guaranteed mon ...
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Article written by Charlie Scaturro
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