HoopsHype Contraction rumors

January 27, 2011 Updates

The financial health of the NBA is an issue that has concerned Lakers owner Jerry Buss for some time now. According to my sources, Buss has worked behind the scenes over the past two years, encouraging the league’s other owners to put up $20 million each to buy two franchises and shutter them. The issue is now moving front and center, as Jeanie Buss, the owner’s daughter who manages the business side of the Lakers, has begun setting the agenda for contraction while doing a publicity tour for her new book, Laker Girl. HoopsHype

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