Here’s a must-read article by Nate Silver of the New York Times about the NBA’s financial situation and why David Stern and the NBA might be lying.
A few note-worthy facts from the article:
- NBA’s revenues have grown by 11% over five years, adjusted for inflation, or by 30% over 10 years.
- Ticket sales are down 6% compared to 5 years ago but up 22% since 1999-2000.
- Growth in non-player expenses has outpaced that of salaries, having increased by 13% over five years and 43% over 10 years.
I’ll touch up on this subject more this week including exploring how NBA owners make money from non-BRI (basketball related income) methods which are a direct result of team ownership, until then, I still believe that the NBA is misleading with their facts and all owners profit from owning an NBA team.