There's obviously a large disconnect between NBA players and owners regarding the new collective bargaining agreement. But that's nothing compared to the difference that the league and The New York Times claim to be the NBA's total profit — or potential lack thereof — during the 2009-10 season.
The New York Times' Nate Silver wrote a blog post on Tuesday based on information obtained from Forbes. In the post, Silver reported that the NBA is actually making money.
The NBA issued a statement on Tuesday challenging the recent Forbes Magazine analysis that led to Silver's blog post and article. While Silver reported that the NBA actually brought in an operating income of $183 million last year, Frank's statement insists that the NBA actually lost about $340 million in '09-10.
The NBA issued a second statement on Wednesday that also claimed that the league has had a negative income during every year of the recently expired CBA. In addition, the statement disputed several other points from the Forbes analysis and clarified how the annual net incomes were calculated.
