Report: Nets Projected To Take $144M Loss In 13-14
The Brooklyn Nets are projected to have a loss of $144 million for the 13-14 season, according to a confidential memo the NBA sent to all 30 teams in early June.
The NBA expects nine teams will end up having lost money once luxury-tax distribution and revenue-sharing payments are finalized.
The Washington Wizards are second in projected loss of about $13 million.
The Nets' loss is only from basketball activities and does not include benefits from their ownership stake in Barclays Center.
Bruce Ratner is open to selling his minority stake in the team and Mikhail Prokhorov would like to scale back spending to make that minority stake more appealing.