Commissioner David Stern, Deputy Commissioner Adam Silver comment on league's finances and CBA negotiations, as an owner tells Ken Berger of CBSSports.com that some progress was made at NBA Board of Governors meeting.
Posted by Matt Moore
During the press conference following the NBA Board of Governor's meeting, NBA Commissioner David Stern and Deputy Commissioner Adam Silver commented on the ongoing CBA process. Stern said they expected $300 million in losses this season, which is a rise in revenue from last year's $340 million loss, but still "nothing to be proud of" Silver said. That's still, you know, $340 million in losses. Silver told reporters in response to a question from our own Ken Berger that most of the loss came from non-gate revenue, as gate receipt numbers were actually up this season.
Most striking was Silver's comment that 22 of the 30 NBA teams posted a loss this year, with only eight making a profit. I'll let you figure out which teams are those eight. (Hint: Look at the big cities on the map.)
An owner told Ken Berger of CBSSports.com that there was "progress" on revenue sharing and their stance towards the NBPA, but of course, no plan in place. "It's early" as the old chestnut goes. Stern also made mention of the progress on revenue sharing and revealed that the owners would, in the next few weeks, finally send the players' association a counter proposal, which they have not done since late 2010. The owners refused to respond to the NBPA's last proposal with one of their own until now, though discussions have been held regarding the players' proposal in meetings. Silver commented that the league felt there are "other ways to reach the same goal" in regards to the counter-proposal.
The lockout situation looks better today than it did yesterday, the Kings' staying in Sacramento looks better, and the Pistons sale will be approved in the next few months. Maybe doomsday isn't around the corner after all.