NBA’s David Stern Says 20 Teams Will Be Profitable This Season

National Basketball Association Commissioner David Stern said more than 20 of the league’s 30 teams will be profitable this season.

Stern, speaking at the Bloomberg Sports Business Summit hosted by Bloomberg Link in New York, made the prediction after saying half the league’s teams lost money prior to the new labor agreement with the league’s players. He called the figure a guess.

Stern said some team owners become consumed with the passion to win and spend so much that it compromises profits.

To contact the editor responsible for this story: Michael Sillup at msillup@bloomberg.net

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