Pro Basketball News

Report: NBA to borrow money to aid teams (AP) (sports.yahoo.com)

SportsBusiness Journal reports the NBA plans to borrow $175 million to distribute to teams in need of additional cash. The deal comes at a time when leagues are laying off staffs and cutting ticket prices. It will allow the NBA to distribute up to $11.66 million to 15 teams that responded to a league survey gauging interest in the money, SportsBusiness Journal said.