Menu
Leagues and Governing Bodies

David Stern Believes All NBA Teams Will Turn A Profit Within Two Years

NBA Commissioner David Stern said that a majority of league teams "will make money this year and all 30 franchises should be profitable within two years," according to Jonathan Salant of BLOOMBERG NEWS. Stern over the weekend appeared on Bloomberg TV's "Political Capital With Al Hunt," and said, "This year, we’ll probably have about 10 teams losing money. And next year, I hope the number will be down to under five. And then after that, I would expect that all of our teams will have the opportunity to make money." He added, "There is a very high tax that will be imposed after next season. We think that will press down the salary level among the top teams. In addition, the highest grossing teams will be redirecting well over $200 million to the smaller teams. So we think, as a competitive matter, as an economic matter, we have leveled the playing field." Stern also said that he "doesn’t plan to pursue a political career once he steps down as NBA commissioner." Stern: "My next career is not going to involve politics. It’s only going to involve kibitzing of politicians, and talking to my friends in the Washington media about how the state of the world should be changed" (BLOOMBERG NEWS, 5/4).

DOOLING NOT INTERESTED IN FISHER'S ROLE: Celtics G and NBPA Exec Committee VP Keyon Dooling said that he has "no interest" in succeeding Thunder G Derek Fisher as NBPA President. He added that the union "would have to seek a veteran leader to stabilize the organization, foster a better relationship with [NBPA Exec Dir Billy] Hunter, and erase the perception that Hunter is bleeding the organization." In Boston, Gary Washburn noted Clippers G Chris Paul could be a "top candidate" to replace Fisher. Paul is "established enough on the court to hold the respect of his playing brethren and mature enough to handle the responsibility for several years until the next collective bargaining agreement expires" (BOSTON GLOBE, 5/6).

SBJ Morning Buzzcast: May 3, 2024

Seismic change coming for NCAA? Churchill Downs rolls out major premium build out and Jeff Pash, a key advisor to Roger Goodell, steps down

Learfield's Cory Moss, MASN/ESPN's Ben McDonald, and Canelo

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with Learfield's Cory Moss as he talks about his company’s collaboration on EA Sports College Football. Later in the show, we hear from MASN/ESPN baseball analyst Ben McDonald on how he sees the college and professional baseball scene shaking out. SBJ’s Adam Stern shares his thoughts on the upcoming Canelo-Mungia bout on Prime Video and DAZN.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2012/05/08/Leagues-and-Governing-Bodies/NBA.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2012/05/08/Leagues-and-Governing-Bodies/NBA.aspx

CLOSE