By all accounts, the NBA is doing great financially as a whole. The league is now getting a nine-year, $24 billion TV deal that contributed to the skyrocketing salary cap in the last couple seasons. And the NBA is the American sports league with the biggest exposure worldwide.
But according to a report by ESPN’s Zach Lowe, 14 teams lost money or had negative net income before revenue sharing payments, And nine teams still had negative net income after revenue sharing, including the Wizards.
There are several reasons that could contribute to the Wizards being in the red.