NBA Commissioner Adam Silver said something at a press conference Tuesday that really cheesed me off. Just weeks after NBA teams committed over $1.4 billion on the first day of NBA free agency and a total $2.6 billion overall, Mr. Silver informed us that one-third of the teams in the league are losing money.
"I don't know the precise number and don't want to get into it, but a significant number of teams are continuing to lose money and they continue to lose money because their expenses exceed their revenue. Even with revenue sharing, and fairly robust revenue sharing, when some teams are receiving over $20 million checks from their partners.