Report: NBA to borrow $200M to aid 12 teams

The Bobcats would not say whether they are among the 12 teams interested in the money.

"We don't disclose our financial information," Bobcats spokesman Michael Thompson said Thursday. "But the fact that NBA teams get opportunities like this really speaks to the strength of our business."

SportsBusiness Journal first reported that a credit deal was in the works. Alex Martins, chief operating officer of the Orlando Magic, told the journal that the money would help the Magic offset losses of between $15 million and $20 million and "bridge the time period between now and when we move into our new events center in 2010."

Magic spokesman Joel Glass said Thursday the team would not have additional comment until the league addresses the issue.

Paul Andrews, executive vice president of Kroenke Sports Enterprises, was unsure whether the Denver Nuggets will take advantage of the available money.

"We're still researching the situation and don't have enough knowledge today to give an educated opinion," Andrews said.