NBA’s Stern Says All Teams Should Be Profitable Within Two Years
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A majority of National Basketball Association teams will make money this year and all 30 franchises should be profitable within two years, Commissioner David Stern said.
Stern, speaking on “Political Capital With Al Hunt,” airing on Bloomberg Television this weekend, said the 10-year agreement negotiated last year with the players’ union, which includes revenue sharing and an increased tax on teams that exceed a salary cap, will enable every franchise to eventually make money.