HoopsHype Tim Frank rumors

October 19, 2011 Updates
September 29, 2011 Updates
July 6, 2011 Updates

In a statement e-mailed to The Times, Tim Frank, a spokesman for the National Basketball Association, has disputed an analysis by Forbes Magazine suggesting that the N.B.A. turned a $183 million operating profit in its 2009-10 season. Instead, according to Mr. Frank, the league lost $340 million that year and has lost money every year during the current collective bargaining agreement. New York Times

Mr. Frank’s full statement is reproduced below: The information from Forbes that serves as the basis for this article is inaccurate and we do not know how they do their calculations. Forbes does not have the financial data for our teams and the magazine’s estimates do not reflect reality. Precisely to avoid this issue, the N.B.A. and its teams shared their complete league and team audited financials as well as our state and Federal tax returns with the Players Union. Those financials demonstrate the substantial and indisputable losses the league has incurred over the past several years. The analysis that was posted this afternoon has several significant factual inaccuracies, including: “[The N.B.A.] is a fundamentally healthy and profitable business” The league lost money every year of the just expiring CBA. During these years, the league has never had positive Net Income, EBITDA or Operating Income. “Many of the purported losses result from an unusual accounting treatment related to depreciation and amortization when a team is sold.” New York Times

The Knicks’, Bulls’ and Lakers’ combined net income for 2009-10 does not cover the losses of the 23 unprofitable teams. Our net loss for that year, including the gains from the seven profitable teams, was -$340 million. “Forbes’s estimates – a $183 million profit for the NBA in 2009-10, and those issued by the league, which claim a $370M loss…” Forbes’s data is inaccurate. Our losses for 2009-10 were -$340 million, not -$370 million as the article states. “The leaked financial statements for one team, the New Orleans Hornets, closely matched the Forbes data …” New York Times

June 13, 2011 Updates
April 20, 2011 Updates

The NBA fined 24-year referee Ken Mauer and Suns guard Zabian Dowdell undisclosed amounts for an exchange they had that led to Dowdell's ejection in a March 30 game. Dowdell entered the game with 3:02 remaining and the Suns trailing by 20. Two minutes later, the exchange occurred after a Dowdell turnover. The rookie reported to the league that Mauer used a derogatory name, which prompted a Dowdell response that could have been considered a threat. "While we do not believe Mauer used the language that was reported, his actions were still deemed to be inappropriate," NBA spokesman Tim Frank said. Arizona Republic

April 13, 2011 Updates
March 15, 2011 Updates

Spooner sued Krawczynski for libel, and the NBA didn't join as a party. Today, NBA spokesman Tim Frank made a statement on the issue. "We investigated the content of the tweet when it appeared, found it to be without substance, and informed Mr. Spooner that we considered the matter closed. We subsequently advised Mr. Spooner's lawyer that we did not think suing a journalist over an incorrect tweet would be productive. Nevertheless, Mr. Spooner and his lawyer decided to commence this litigation and any future inquiries should be directed to Mr. Spooner's lawyer." SB Nation

March 9, 2011 Updates

The NBA is consulting with an independent neurologist and may establish a league-wide policy for handling concussions by next season, The Associated Press has learned. NBA spokesman Tim Frank confirmed the discussions Tuesday. "The NBA Team Physicians Society has been studying the issue of concussion management for several years and each team follows its own treatment and return-to-play protocols," he said. "In addition, the league is working with a consulting neurologist concerning the possible adoption of a league-wide protocol." NBA.com

The move would bring the NBA more in line with both the NHL and the NFL. In just the last four weeks, six NBA players have missed games because of concussions or concussion-like symptoms. Most recently, New Orleans point guard Chris Paul was taken off the floor on a stretcher on Sunday night after diving and hitting his forehead on Cleveland guard Ramon Sessions' right shoulder. He was diagnosed with a concussion. "Concussions are something that I don't think we really realize how serious they are because they're kind of rare in our game. They happen more often in football, hockey, other sports like that," said Bucks guard Keyon Dooling, a vice president of the NBA players' union executive committee along with Paul. "Our brain is our most powerful muscle, and if you've got anything off-kilter with that, it can be problematic," Dooling said recently. NBA.com

February 24, 2011 Updates
February 2, 2011 Updates

NBA spokesman Tim Frank said Tuesday the league is aware of the proposed project but said it would not comment. When the NBA held its 2007 All-Star Game at the Thomas & Mack Center, commissioner David Stern said that unless a modern facility was developed, the league would not consider returning to Las Vegas. Roski, who helped build Staples Center in Los Angeles and is part-owner of the NBA's Lakers and the NHL's Kings, said the pro sports discussion will have its time and place. "At some point, we'll sit down with the pro leagues," Roski said. "Right now, it's too early." Las Vegas Review-Journal

January 25, 2011 Updates
August 19, 2010 Updates
August 4, 2010 Updates
August 3, 2010 Updates

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