As you may remember, David Stern came out during All-Star Weekend to declare that the league was on pace to lose $400MM in 2009-10. He used this figure to support the idea that the financial structure of the NBA (specifically, player salaries) needs to be dramatically altered in the new collective bargaining agreement so the NBA can continue to exist.
The link above leads to an article by CBS Sports’ Ken Berger (@KBerg_CBS for you Twitter addicts) about the Players’ Association’s dispute of that number. To them, the $400MM is all smoke, mirrors, and accounting tricks.
My guess—as you may recall based on our Pinocchio Story series (Parts 1, 2, 3, and 4)—is that the NBPA is totally on point. Anxiously awaiting the final findings of economist Kevin Murphy at my alma mater to find just how on point they are.
-T
