NBA Claims of Losing Money Bogus?
6 Jul
As we enter day 6 of what may be a very long NBA lockout, we reflect on an interesting day 5 exchange between the New York Times, Forbes and the NBA. Yesterday morning the NY Times called out the NBA for claims that it is losing money. In the article they included a Forbes study depicting the last 22 years of the NBA’s estimated financial performance, showing the only losing season in the last 2 decades occurred during the strike-shortened season of 1998-99.
Last night, the NBA fired back in an email statement to the NY Times, blasting the Forbes report as “inaccurate” and saying the “estimates do not reflect reality.” The statement added, “The league lost money every year of the just expiring CBA.” The Times includes the full statement which runs completely counter to the Forbes report.

