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Between now and the Hancocking of a new NBA collective bargaining agreement, every word uttered by commissioner David Stern takes on extra importance. (Well, to CBA nerds like me, at least.) In a BusinessWeek interview with Charlie Rose, Stern briefly discusses the financial state of the NBA, and how things might change.Stern told Rose that attendance revenue is expected to decrease by 2 percent this season, and that as many as 15 of the league's 30 teams will lose money. The players' union would probably disagree, noting ever-increasing franchise valuation and accusing owners of misshaping reality to gain negotiating power. But Stern says half the league is losing money, and he's going to stick with that for the forseeable future.
But what he says next popped out at me. It wasn't that salaries must decrease, or that the arena financing system is broken. He said in upcoming league reforms -- negotiating through the CBA -- he'll seek to "compress the difference" between the teams which make the most money and those who lose it.
That's either code for "better revenue sharing," or it's willful misdirection on the salary issue. (Because, technically, crushing payrolls would serve to boost the net revenue of the low-end teams, which might actually "compress the difference.") I choose to believe it's the former, because I roll with Rousseau, and revenue sharing is the right thing to do, so long as James Dolan and Donald Sterling get fat and happy because of their zip code rather than their teams' competitiveness.
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