NBA Reports Increase In Salaries, Basketball-Related Income For '10-11
The NBA late Friday released results of its '10-11 season audit of basketball-related income that showed a 4.8% increase in BRI this past season to $3.817B, compared to $3.643B in the '09-10 season. The league also announced that total player compensation also grew by 4.8% to $2.176B from $2.076B during the '09-10 season, the sixth consecutive season of salary increases. The average player salary was $5.15M this past season, and salaries grew by an average of 16% over the six-year period of the previous CBA. The audit results comes as the league enters the fourth week of its lockout. The league did not comment on its release of the financials.