Andrew Bogut is not afraid to say exactly what’s on his mind.
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During Tuesday’s board of governors meeting, NBA Commissioner Adam Silver stated that “a significant amount of teams” are losing money “because their expenses exceed their revenue.”
He also went on to say:
“Teams are spending enormous amounts of money on payroll. Some of the contracts we talked about. They still have enormous expenses in terms of arena costs. Teams are building new practice facilities. The cost of their infrastructure in terms of their sales people, marketing people, the infrastructure of the teams have gone up, and in some cases their local television is much smaller than in other markets.