Union defends questions about NBA financials
Published 10:23 am Thursday, July 7, 2011
NEW YORK (AP) — The NBA players’ association will keep doubting the league’s financial losses, because it made inaccurate projections before.
Doesn’t matter, the league says, because those projections have nothing to do with the final numbers it turns over to the union and insists can’t be disputed.
Wednesday, Day 6 of the lockout, featured sparring by union and league officials over financial information, a day after a report questioned whether the NBA indeed lost money two seasons ago.
Though the NBA says it lost $340 million in 2009-10, a New York Times blog post Tuesday titled “Calling Foul on NBA’s Claims of Financial Distress” called the league “fundamentally a healthy and profitable business” with an estimated operating income of $183 million that season.
Union spokesman Dan Wasserman said the NBA projected a decline in revenues that season but they actually rose, so the final losses should have been much less than the league said.