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Adam Silver: ‘Significant number’ of NBA teams losing money

Business Leaders Converge In Sun Valley, Idaho For Allen And Company Annual Meeting

SUN VALLEY, ID - JULY 09: Adam Silver (L), commissioner of the National Basketball Association (NBA), and Jerry Reinsdorf, owner of the Chicago Bulls, chat at the Allen & Company Sun Valley Conference on July 9, 2015 in Sun Valley, Idaho. Many of the worlds wealthiest and most powerful business people from media, finance, and technology attend the annual week-long conference which is in its 33rd year. (Photo by Scott Olson/Getty Images)

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NBA franchises are worth more than ever. The league will soon begin lucrative new national TV contracts. Free agents are getting crazy-large contracts.

So, of course, NBA owners are crying poverty.

NBA commissioner Adam Silver delivered the message, which should be viewed as a prelude to a 2017 work stoppage.

Tim Bontemps of the New York Post:

That might be technically true, though I’m hardly convinced of even that.

In reality, owners can come out like bandits even if their teams are losing money. They can funnel money to related interests, and they get tax breaks.

They surely want to get even more money from the players’ share – or at least prevent the players from getting more than now. Owners saying they’re losing money is a way to bargain.

It’s just a strained argument – at best.