NBA finances up for debate

The NBA is disputing a report questioning its financial losses, saying the estimates used as the basis of the article "do not reflect reality."
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 in 2009-10, making a 5
to 7 percent profit during the life of the last collective
bargaining agreement.
The story was based on estimates prepared by Forbes and
Financial World magazines. NBA spokesman Mike Bass calls the Forbes
data inaccurate, saying financials given to the players'
association "demonstrate the substantial and indisputable losses
the league has incurred over the past several years."



 
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