Yahoo Nets NBA to discuss growing profitability gap among teams, report says

[papclems]

The NBA will discuss at its Board of Governors meeting later this month the gap between its most profitable teams and those that are losing money — as many as nine franchises even after revenue-sharing payouts — ESPN.com reported Tuesday, citing confidential NBA financial records it had obtained. According to the in-depth report by ESPN.com, "despite a flood of new national television cash, 14 of the NBA's 30 teams lost money last season," with five getting out of the red only because of the league's revenue-sharing system. At the heart of the matter: The NBA's richest are still getting rich, but they're having to share more of their profits with teams in smaller markets that are having a hard time keeping up with a rapidly escalating salary cap.

SOURCE https://sports.yahoo.com/nba-discuss-gr ... ml?src=rss