Phoenix are one of the 12 to 15 teams who are taking advantage of a $200 million NBA line of credit, the Arizona Republic is reporting.

According to the report, the offer by the league was not a bailout, as many may believe with the economic crisis.

The Suns did not add debt. They replaced debt at a cheaper rate that the NBA had the borrowing power to negotiate when credit was hard to acquire.

"It's like refinancing your house," Suns President and Chief Operating Officer Rick Welts said. "It was really good news.

"It was the worst reported story of the year. What was really, in our view, a sign of strength and a vote of confidence in the business of the NBA by the financial community in the worst possible economic times somehow got characterized as a bailout."