“We’ve spent so much on the draft, trades and Lebron’s yearly supply of headbands we can’t afford to fund the 2016-2017 year”
The NBA filed Chapter 11 Bankruptcy after they were informed they have exceeded the budget by more than $20 million before entering the 2016-2017 title year.
“If Jordan can give us one day of the earnings he gets from his sneakers we can possibly get back on track. Ain’t no Michael Jordan without the NBA. Remember that.”
The Nba is going to push the start of the season up three months to possibly raise more with off season activities, and getting refunds on Lebron’s over 10,000 Nike branded headbands.