Report: Nearly 10 NBA teams losing money
How many is significant?
Marc J. Spears of Yahoo Sports:
Close to 10 NBA teams are amongst the losing $ category that Adam Silver spoke of, source said. But how many teams have themselves to blame?— Marc J. Spears (@MarcJSpears) July 16, 2015
Spears’ question is key.
NBA teams don’t have a right to earn money. If they rebuild through losing(76ers), move to a smaller market (Thunder), spend big to win now (Cavaliers) or just make foolish decisions (Kings), they should be at risk of losing money.
It’s not up to the players to take so little money that every NBA team is guaranteed to turn a profit.
Yet, that is often implied by the owners and a de facto demand during collective bargaining. This will be an issue in the impending 2017 work stoppage.
As the players are taking a lower share of revenue than under the previous CBA and new national TV money pours in, the already-shaky ground on which owners have cried poverty is falling out from under them.
Are nearly 10 NBA teams losing money? Maybe, though believing that would take some creative accounting. But even if they are, it’s hard to see how those owners deserve sympathy or a more-favorable deal with the players.