Shams Charania: Free agent Alonzo Gee is finalizing one-year deal with New Orleans, league sources tell The Vertical. Sides working to complete in next day.
September 19, 2017 | 12:21 pm EDT Update
September 19, 2017 | 12:10 pm EDT Update
Despite a flood of new national television cash, 14 of the NBA’s 30 teams lost money last season before collecting revenue-sharing payouts, and nine finished in the red even after accounting for those payments, according to confidential NBA financial records obtained by ESPN.com. The gap between the league’s most profitable teams and its weaker siblings will be addressed at the league’s Board of Governors meeting on Sept. 27-28 in New York. Owners have planned a half-day review of the league’s revenue-sharing system, sources said.