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Aid for small-market teams
MILWAUKEE — National Basketball Association owners this month quietly tweaked the league’s revenue-sharing plan, a move that should provide some financial assistance to small-market teams.
The new plan, approved April 18 at the NBA owners’ meeting, covers three years, and begins next year. Under it, qualified teams would receive a maximum $6 million a year. That number would increase over the three-year period.
The total amount to be redistributed to NBA franchises would be $49 million, a $19 million increase over the current plan.
Last year, according to SportsBusiness Journal, only 12 out of the league’s 30 teams were profitable.