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Those loss figures were put out by the NBA during the present run-up to negotiating a new collective bargaining contract. They're about as believable as anything put out during any sport contract negotiating period.
Stay tuned for a follow-up story planted by the players union saying the NBA made $400 million last year.
As usual, the truth is somewhere in the middle.
And also as usual, any tax expert worth his forked l'il tail can turn a $400 million profit into a $400 million loss....or vice-versa.... at the flick of a computer key anyway.
Same sh!t, different day, different sport.....shrug.
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