The Seattle Supersonics have gone through this stage as well, losing profit and with the force of selling the team, as it then relocated to Oklahoma City to become the Thunder.
Stern hopes that things like this will be the last time it will happen. He looks to see every NBA team making profit within the next two years.
He tells Bloomberg:
Stern, speaking on “Political Capital
With Al Hunt,” airing on Bloomberg Television this weekend, said the
10-year agreement negotiated last year with the players’ union, which
includes revenue sharing and an increased tax on teams that exceed a
salary cap, will enable every franchise to eventually make money.
“This year, we’ll probably have about 10 teams losing money,” Stern said. “And next year, I hope the number will be down to under five. And then after that, I would expect that all of our teams will have the opportunity to make money.”
This will be huge for the league if all 30 teams will be making profit. What do you think? Is Stern's saying a possibility?
Josh Dhani is the founder of FootBasket. He also contributes at Hoops Authority and Eight Points Nine Seconds. You can read more about him at his website. Follow him on Twitter @joshdhani.
“This year, we’ll probably have about 10 teams losing money,” Stern said. “And next year, I hope the number will be down to under five. And then after that, I would expect that all of our teams will have the opportunity to make money.”
This will be huge for the league if all 30 teams will be making profit. What do you think? Is Stern's saying a possibility?
Josh Dhani is the founder of FootBasket. He also contributes at Hoops Authority and Eight Points Nine Seconds. You can read more about him at his website. Follow him on Twitter @joshdhani.
