NBA profits

Stern says NBA revenues should be $5 billion this season

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During the NBA lockout, we all got frustrated watching the owners and argue over how to divide up $4 billion in revenue. Billion. With a “B.” Now, make that $5 billion. That is what NBA Commissioner David Stern said speaking Tuesday at Beyond Sport United conference in New York, according to the Associated Press. The [more]

NBA owners not going to make profit this season, league says

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If you believe the league’s numbers — and we’re still skeptical, to put it kindly — the NBA was a long way from turning a profit, they predicted a $300 million loss last year. A few months into the new collective bargaining agreement that is far more favorable to the owners (no matter what Mark [more]