The NBA Teams That Are Losing Money. Or Are They?
There is finally a ray of hope in the NBA-NBPA CBA neogtiations. Perhaps most of the season can be saved. The talks have been going strong and long the past two days, and will continue on Friday.
The NBA has been crying poverty before and through the process. The latest cries bemoan that 22 (out of 30) teams lost money (had a negative operating income) in 2010-11.
Forbes put together the latest available data to come up with all 30 teams’ operating income from the end of the 2009-10 season. According to that report, 17 teams lost money that season.
Surely things have changed in a year, but if the number of teams losing money has gone up by five, then this list below is probably a good indicator of at least most of those teams that lost money in 2010-11. You have to believe the Dallas Mavericks turned a profit though.
Here are the 17 NBA teams that reported negative operating income (in millions) following the 2009-2010 season:
|5.||New Jersey Nets||-$10.2|
|10.||New Orleans Hornets||-$5.9|
|13.||San Antonio Spurs||-$4.7|