NBA to distribute $200 million to struggling teams
NEW YORK -- The NBA has lined up $200 million to distribute to teams interested in additional cash, which the league considers a sign it remains strong in a slumping economy.
Between $13 million and $20 million will be available to each of 12 teams that have expressed interest in the funds, commissioner David Stern said Thursday. The money can be used for any purpose, including helping teams deal with operating losses incurred because of the economy.
[ame="http://sports.espn.go.com/nba/news/story?id=3936991"]NBA to distribute $200 million to teams in need - ESPN[/ame]
NEW YORK -- The NBA has lined up $200 million to distribute to teams interested in additional cash, which the league considers a sign it remains strong in a slumping economy.
Between $13 million and $20 million will be available to each of 12 teams that have expressed interest in the funds, commissioner David Stern said Thursday. The money can be used for any purpose, including helping teams deal with operating losses incurred because of the economy.
[ame="http://sports.espn.go.com/nba/news/story?id=3936991"]NBA to distribute $200 million to teams in need - ESPN[/ame]