LAS VEGAS (AP) -NBA commissioner David Stern says he hopes the league can come up with a plan to return itself to profitability.
The commissioner says less than half the teams in the league made a profit this past season.
He made the comment after a Tuesday meeting of the NBA Board of Governors in Las Vegas. Stern says the board spent a fair amount of the meeting going over team finances.
The board also appointed a 10-member labor relations committee.
That group will meet for the first time Aug. 4 and will be charged with negotiating the next collective-bargaining agreement with the players.
The league already has announced a lower salary cap for next year and is projecting further reductions for the 2010-11 season.
Add A Comment