LAS VEGAS -- After NBA commissioner Adam Silver said here Tuesday that a "significant number" of teams still are losing money because of operations costs despite cutting the players' take to 50% of a defined basketball-related income in the 2011 collective bargaining agreement, NBPA executive director Michele Roberts responded with a statement Thursday:
"All of the data we have access to indicates that our business is thriving and will continue to do so for the near future. We agreed not to debate the finer points of negotiation in public, and aren't going to change that approach now, in response to some remarks by the Commissioner on Tuesday. We are, however, going to take him up on his offer to share the audited financials with the union. We also want to ensure that everyone understands the facts of this business."
NBA owners and the players have a mutual opt-out from the current 10-year deal which likely means another lockout come 2017 if they can't come to terms. The last lockout, in 2011-12 season, delayed the start until Christmas Day and shortened the season to 66 games. This is the rest of Roberts' retort in an emailed statement obtained by CSNwashington.com:
- Under the CBA, we do not have a gross compensation system. The players 50% share is calculated net of a substantial amount of expenses and deductions.
- New and renovated arenas around the league have proven to be revenue drivers, profit centers, and franchise valuation boosters. That has been the case over the past few years in Orlando, Brooklyn, and New York, to name a few. In some instances, owners receive arena revenues that are not included in BRI. Many teams also receive generous arena subsides, loans and other incentives from state and local governments as part of their arena deals.
- Virtually every business metric demonstrates that our business is healthy. Gate receipts, merchandise sales and TV ratings are all at an all-time high. Franchise values have risen exponentially in recent years, and the NBA has enjoyed high single digit revenue growth since 2010-11.