Sports Marketing .ie has learned from sports business that the NBA is in dier financial position. Sports Marketing .ie has reported about the NBA media partnerships but this is less impressive news.
Less than half the teams in the NBA made a profit last season, and some owners now regard as too optimistic a “worst-case scenario” salary cap decrease of 5 per cent, NBA commissioner David Stern has said.
Stern also said that teams could face at least a 10-per-cent drop in ticket revenue next season.
The International Herald Tribune reports that Stern made the comments following an NBA board of governors meeting in Las Vegas, which will convene again on August 4 along with the players’ union to attempt to hammer out a new collective bargaining agreement. The current deal runs out in June 2011.
Stern has appointed a 10-man labour relations committee.
The Associated Press reports Stern as saying, “The losses that are being shown by the league and the decrease in business, although our decreases are less than many other businesses, are going to be delivered in some detail to the players with an understanding that whatever further details they need they’ll have.”
