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 Bucks, Orlando Magic, San Antonio Spurs and Washington Wizards.
"Teams in small markets are told we need to run our businesses better so we can make money," one ownership source told ESPN.com. "But teams in the largest markets can run their businesses poorly and still make money."
In all, 10 teams transferred $201 million combined in revenue-sharing to 15 other teams in 2016-17, according to the documents.
Expansion, Relocation Discussed As Teams Take Financial Losses
Sep 19, 2017 10:54 AM
The topic of expansion was raised by at least one owner during a recent Board of Governors session.
The NBA owners could split an expansion fee of potentially more than $1 billion, which is not split evenly with the players.
The NBA has one major market city attempting to bring a team back in Seattle.
Some profitable teams have suggested the NBA consider relocating some of the teams losing the most money to stronger markets.