Jim Dolan recently made a case for suspending the league's revenue-sharing requirements for the 20-21 season as teams played the majority of the season in empty or near empty arenas.
Dolan CC'd a letter to his 29 peers ahead of Thursday's Board of Governors vote on the issue, which included some smaller market owners siding wit him. While Dolan did gather some voting support, he did not receive enough to overturn the revenue-sharing plan.
"Nobody is feeling sorry for [Dolan], but there was some sense of voting for principle over profit on this one," one team governor told ESPN.
The New York Knicks and Los Angeles Lakers are still paying full price on revenue sharing this year.