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NBA releases Basketball Related Income audit
Posted By Paul Flannery On July 22, 2011 @ 6:03 pm In General | No Comments
The NBA and NBPA released its audit of basketball related income (BRI) for the 2010-11 season late on Friday afternoon and among the findings revealed by the league:
A couple of things to keep in mind from the league’s release.
Under the expired CBA, player salaries are directly tied into the BRI with 57 percent set as the cut-off figure. In other words, the system worked as it was intended as the players received 57 percent of the BRI. Their salaries are tied to basketball revenues and so when the latter increases, so does the former.
The key word in the last part is total: as in the cumulative total over a six-year period is 16 percent, not a 16 percent rise from one year to the next.
This is spin on the part of the NBA, which has claimed that teams are losing money even as revenue has increased, owing mostly to rising player salaries. They will also undoubtedly counter that other expenses are rising that don’t affect the BRI and thus the player’s salaries. The union has proposed cutting that 57 percent number, but the owners want a total overhaul of the system.
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