Stern: NBA Teams Losing $400 Million, Salaries Must Be Cut

Filed under: NBA All-Star Game

DALLAS -- Throughout All-Star Weekend, NBA commissioner David Stern's favorite figure has been 90,000. That's the minimum crowd expected at Sunday's All-Star Game at Cowboys Stadium.



But Stern on Saturday rolled out another figure he believes needs to be out there: $400 million.



That's the total amount of money he says NBA teams will lose this season. And, over the next four years, he's projecting losses of at least $200 million per season.



Stern often doesn't like to deal in such negatives. But he felt compelled to throw out that figure, which he said has been provided to the players union, a day after union director Billy Hunter said a collective bargaining proposal by the NBA that wanted to drastically cut player salaries was unacceptable.

 

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Full story at http://nba.fanhouse.com/2010/02/14/stern-nba-teams-losing-400-million-salaries-must-be-cut/