NBA commissioner David Stern told Darren Rovell of CNBC on Thursday that the NBA expects to close on a deal that will add $200 million to the league's existing $1.7 billion credit facility.
Stern said that some of the 12 teams that eventually decided to take part in the borrowing "are doing quite fine.
"We had standing instructions to the bankers that we work with, that when the liquidity crisis eased, we would want to continue to enlarge our credit facility," Stern said. "The average business operates on credit, they draw down and pay back and this is just an indication of how credit worthy we are and how healthy our business is."
Via MSNBC
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Tonight at 9:00PM EST/6:00 PST on RealGM Radio, hosts Andrew Perna and Jeff Duncan will discuss the results of the NFL's scouting combine with expert Jeff Risdon.
Jeff and Andrew will also discuss Stephon Marbury's presence in Boston, how the Suns tried to dump Shaquille O'Neal back on the Heat, whether or not Alex Rodriguez will thrive this season, and is the World Baseball Classic a good thing?
We'll also ask the question, who is your least favorite athlete?
Click here to listen to past shows as well as tonight's broadcast -- RealGM Radio
You can also discuss the show on RealGM's forums -- RealGM Forums
Via RealGM Staff Report
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Tonight at 9:00PM EST/6:00 PST on RealGM Radio, host Andrew Perna (Jeff Duncan had to miss tonight's show) will discuss all the trades that went down over the last week in the NBA in a special 'Trade Deadline' show.
RealGM contributors Brian Reynolds and Nick Creech will also weigh in on the developments from the busiest day of the year in the NBA.
Tonight's question for listeners -- what trade do you wish your team agreed to prior to today's deadline? (Please use RealGM's Trade Checker to verify it's valid.)
Click here to listen to past shows as well as tonight's broadcast -- RealGM Radio
You can also discuss the show on RealGM's forums -- RealGM Forums
Via RealGM Staff Report
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Feb 2009 Archive
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Yahoo! | Feb 19, 2009
The NBA sent out a league-wide memo on Wednesday to teams warning them of decreases in the salary cap and luxury tax levels over the next two years.
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New York Post | Feb 18, 2009
Knicks' beat writer Marc Berman continues to exhibit his interesting points of view.
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ESPN | Feb 17, 2009
Charles Barkley will return to television as a member of TNT's studio team on Thursday night after taking a leave to deal with legal issues.
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USA Today | Feb 17, 2009
The NBA has added a rule that will close up an officiating loophole that was exposed in a game between the Celtics and Blazers on Dec. 30.
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Sports Business Journal | Feb 17, 2009
The league has secured a new loan on behalf of its teams.
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ESPN | Feb 16, 2009
The 2009 NBA All-Star Game drew a preliminary rating on TNT that was up 6 percent from last year.
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New York Daily News | Feb 16, 2009
Phoenix center Shaquille O'Neal doesn't believe that the NBA will endure another work stoppage when the current collective bargaining agreement runs out.
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ESPN | Feb 14, 2009
NBA commissioner David Stern claims that the league is holding steady financially, and that they won't settle for losing a considerable about of money.
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Press Release | Feb 14, 2009
Bill Russell will be permanently honored by having The Finals Most Valuable Player Trophy named for him, NBA Commissioner David Stern announced today.
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Yahoo! | Feb 14, 2009
Team USA leader Jerry Colangelo plans to meet with members of the Beijing Olympic team on Saturday to talk about their next Olympic run.
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Slate.com | Feb 13, 2009
In an extensive piece on Slate, Tommy Craggs writes that with all of the praise given David Stern as he celebrates his 25th season as commissioner, it has come at the expense of Larry O'Brien.
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RealGM Staff Report | Feb 12, 2009
Tonight at 9:00PM EST/6:00 PST on RealGM Radio, hosts Andrew Perna and Jeff Duncan will discuss the NBA's Collective Bargaining Agreement/Salary Cap with expert Larry Coon and much more.
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ESPN | Feb 9, 2009
Charles Barkley will reportedly return to TNT as an analyst soon after its airing of the All-Star Game on Sunday.
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Press Release | Feb 9, 2009
Candidates with NBA and WNBA ties eligible to be selected as a Finalist for the Class of 2009 are highlighted by first time nominees Michael Jordan, David Robinson, John Stockton, Cynthia Cooper and Jerry Sloan.
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Boston Herald | Feb 7, 2009
The NBA is still willing to build President Barack Obama a basketball court on the grounds of the White House, but no arrangements have been made.
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RealGM Staff Report | Feb 5, 2009
Tonight at 9:00PM EST/6:00 PST on RealGM Radio, hosts Andrew Perna and Jeff Duncan will discuss Kobe vs. LeBron, the state of the Raptors, Joe Torre's book, and the results of Super Bowl XLIII.
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NBA.com | Feb 3, 2009
TNT announced on Tuesday the addition of the popular basketball shot-making game H-O-R-S-E to its programming lineup during its four days of NBA All-Star 2009 coverage.
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Boston Globe | Feb 2, 2009
As a result of the struggling economy, there aren't going to be as many parties during this year's All-Star weekend in Phoenix.
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ESPN | Feb 2, 2009
David Stern replaced Larry O'Brien as the commissioner of the NBA on Feb. 1, 1984.
