League says it lost money every year of this CBA

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We’ve been bringing you reports questioning how much money the NBA owners are really losing. Frankly, we have doubts about the owners’ veracity on the numbers — they are losing some money but how m.

It’s hard to believe the owners when they say the league has lost money in each of the last 11 seasons.

The New York Times wrote one of those pieces we quoted, and the league has fired back with a statement from NBA spokesman Tim Frank saying the numbers that the Times based its analysis on (from Forbes) are flawed. The Times runs it in full, but here are some highlights.

The league lost money every year of the just expiring CBA. During these years, the league has never had positive Net Income, EBITDA or Operating Income.

The Knicks’, Bulls’ and Lakers’ combined net income for 2009-10 does not cover the losses of the 23 unprofitable teams. Our net loss for that year, including the gains from the seven profitable teams, was -$340 million.

This brings us back to a couple of points we have made from the start: 1) When the basis of this CBA was hammered out after a strike in 1999 it was considered a big win for the owners because they got a cap on players salaries and this deal makes players a fixed cost; 2) Players are still a fixed cost, they still get 57 percent of the gross income every year, what has changed is non-player expenses have ballooned (Forbes estimated it was by 43 percent over 10 years).

The players should be giving some money back in this new deal. They need to help make sure all the owners have a chance to make money and player salaries remain the single biggest expense by far. But the owners cannot just balance their books on the back of the players who did not alone create this problem.

Also, until the owners’ books are opened up for independent verification, you should be skeptical about what their real losses are. Many NBA owners are losing some money, but the league lost money for the last 11 years? Really? No doubt the owners are using accepted accounting principles — they are not cooking the books illegally — but within those principles are a lot of ways to move money around and exaggerate losses.

WNBA suspends Riquna Williams 10 games for domestic violence

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NEW YORK (AP) The WNBA has suspended Los Angeles Sparks guard Riquna Williams 10 games for a domestic violence incident.

The WNBA handed down the suspension Tuesday. Williams was arrested on April 29 and charged with two felony counts, one involving the assault of an individual with whom she was in a relationship and the other involving a threat to another person with a firearm. Her criminal case is ongoing.

The league conducted its own investigation and consulted with a panel of experts in the field of domestic violence. Among other factors, the WNBA said it took into account the nature and seriousness of the allegations, including the involvement of a gun.

The WNBA also will require Williams to participate in counseling.

Williams’ suspension will begin with Thursday’s game against the Dallas Wings.

Report: Bulls signing Luke Kornet for guaranteed $4.5M over two years

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Just three 7-footers have averaged 3.5 3-pointers per game and made 35% of them each of the last two seasons:

The Bulls will now have most of them.

Markkanen is Chicago’s top young player. Kornet will join him with the Bulls next season.

Shams Charania of The Athletic:

I’m a little surprised Kornet got more than his minimum ($3,383,360 over two years). But it’s worth taking a flier on him.

In addition to his outside shooting, Kornet has shown good timing as a shot-blocker in two seasons with the Knicks. The 24-year-old must get stronger and improve as a rebounder to play major minutes.

But the Bulls won’t have to press him into action. They also have Thaddeus Young, Markkanen, Wendell Carter Jr., Daniel Gafford and Cristiano Felicio as bigs.

Pistons claim Christian Wood off waivers

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The Bucks waived Christian Wood late last season to ensure avoiding the luxury tax. The Pelicans claimed him. Wood had played well in limited minutes with the 76ers, Hornets and Bucks and in the NBA’s minor league since going undrafted in 2015.

New Orleans gave him his biggest opportunity yet. In 24 minutes per game over eight games, he averaged 17 points and eight rebounds.

But the Pelicans filled their roster for next season and waived Wood.

Detroit will take advantage.

Pistons release:

The Detroit Pistons announced today that the team has claimed forward/center Christian Wood off waivers.

Wood’s $1,645,357 minimum salary is unguaranteed until the regular season. So, Detroit could still waive him before the season. But it seems he’ll at least go to training camp and get a shot at a regular-season roster spot.

The Pelicans also could’ve kept him through the preseason then waived him before the regular season. They seemingly did him a favor of allowing him to get somewhere he has a realistic chance of sticking.

Blake Griffin and Andre Drummond will start in the frontcourt for the Pistons. Markieff Morris and Thon Maker appear to be first in line is backups.

But don’t be surprised if Wood earns playing time. At minimum, the 23-year-old should provide nice depth at both power forward and center.

The Pistons have also now acquired four members of last year’s Bucks – Tony Snell, Thon Maker, Tim Frazier and now Wood.

Knicks: Reggie Bullock has spine injury

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Reggie Bullock had his agreed-upon salary cut by more than half with the Knicks. He’ll reportedly miss at least a month of the regular season.

All because of a mysterious health issue.

The Knicks have finally disclosed what’s happening.

Knicks release:

Reggie Bullock underwent successful surgery today at the Hospital for Special Surgery in New York for a cervical disc herniation. The team will plan to provide an update on his rehab and progress around the start of training camp.

Bullock is a good shooter from the wing. New York could use him. Many teams could use him.

But Bullock must get healthy first.

At this point, we probably shouldn’t expect much from him any time soon. The best indication: how eagerly his agent praised the Knicks for their handling of this situation. Again, Bullock settled for less than half his initially agreed-upon salary.