14 NBA Teams Lost Money During 16-17 Season
Sep 19, 2017 10:41 AM
Fourteen of the NBA's 30 teams lost money during the 16-17 season before collecting revenue sharing payments. Nine of those teams lost money even after receiving those payments despite the NBA's new television deal.
The Board of Governors will address the gap between the NBA's most profitable teams and the rest of the league on Sept. 27-28. Owners have planned a half-day review of the league's revenue-sharing system.
The nine teams that lost money even with revenue sharing were the Atlanta Hawks, Brooklyn Nets, Cleveland Cavaliers, Detroit Pistons, Memphis Grizzlies, Milwaukee....