Silver: NBA will Not Make Money this Year
All of the indexes he described suggest the promise of a better bottom line to come. Not to mention, thanks to the new collective bargaining agreement, this year owners have slashed player costs from 57 percent of basketball-related income to 51.15 percent.
That’s like found money, on top of which the league is literally more popular than ever.
And yet, shortly after Stern’s statement, deputy commissioner Adam Silver explains the league is still not out of the woods.
“The league will not make money this year,” Silver says. And next year? “Maybe.”
How can the league be so shockingly popular this season, and not yet profiting?
The league’s books are not public, and thus there is not an independent answer.