NBA Owners Struggling Financially As Trade Deadline Approaches

Grizzlies Owner Heisley Says NBA Should Have Team Revenue Sharing Like The NFL

FINANCIAL CONSIDERATION: SPORTINGNEWS.com's Sean Deveney wrote because the struggling economy has "weakened the league's revenue streams, sometime in the past few months, a pretty cold reality struck every NBA exec out there: Next year's luxury tax threshold will probably be lower than this year's." If teams were "planning on a payroll of $73[M], you'd better do some cutting, and fast." One Eastern Conference GM said, "There's a little bit of panic. No one wants to be a taxpayer, and the trade deadline is the last chance to get under the (tax threshold). There are franchise players who can be had." Deveney noted the "luxury tax is the reason" that Suns F Amare Stoudemire is "on the block" (SPORTINGNEWS.com, 2/11). Stoudemire said of the Suns' intentions for him, "I think it's all about what they want to do and what they're trying to do financially. I think their main focus is their financial intake" (TORONTO SUN, 2/10).

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