Report: Almost Half Of NBA Teams Lost Money Last Season

On Tuesday, ESPN’s Brian Windhorst and Zach Lowe referenced NBA financial records they got access to and noted 14 teams lost money before collecting revenue-sharing payouts during the 2016-2017 season.

What’s really frightening is that the article goes on to say nine of the teams lost money even after the payouts. According to Windhorst and Lowe the Atlanta Hawks, Brooklyn Nets, Cleveland Cavaliers, Detroit Pistons, Memphis Grizzlies, Milwaukee Bucks, Orlando Magic, San Antonio Spurs and Washington Wizards all lost money after the payouts.

The big winner again though was the Lakers:

 The Lakers finished with a gargantuan $115 million profit as measured by net income even after writing a revenue-sharing check for almost $49 million, according to league accounting. That was the highest net income in the league by nearly $25 million. The biggest factor was the $149 million they took in from massive local media rights deals, primarily with Time Warner.

League owners will review the revenue-sharing system during the Board of Governors meeting on Sept. 27-28.