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Ever since NBA commissioner David Stern announced in July that more than half of the NBA's 30 franchises lost money last season—and recently said overall league revenue is expected to fall by as much as 5% this season—NBA teams have been trying to unwind some of their operations for the first time since the 1980s...

In the past 12 months, the Bobcats, Sacramento Kings, Dallas Mavericks, Indiana Pacers and Miami Heat are among several teams that have had layoffs, in some cases nearly 40 people. The NBA itself eliminated about 80 jobs before the start of last season, about 9% of its work force. The league also closed its Los Angeles office. "We know that we'll be challenged by the economy," Mr. Stern said in a recent conference call.

22 days ago Spaceshaolinninja_tiny sroufe 1 comment 0 recs  | 

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Great article Sroufe

Thanks for the link.

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Oct 29, 2009 6:57 PM PDT reply actions   0 recs


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