Friday, October 22, 2010

NBA commish David Stern: League wants to reduce player salary costs nearly 35%

The NBA wants to reduce player salary costs by $750 million-$800 million, or nearly 35%, NBA Commissioner David Stern told news reporters Thursday.
"Well, what we told our players initially is there's a swing," Stern said after two days of meetings with club owners. "We would like to get profitable, have a return on investment. There's a swing of somewhere in the neighborhood of $750 to $800 million that we would like to change. That's our story, and we're sticking with it."

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