The NBA intends to lay off 9% of its staff, which is equivilent to 80 employees. We’re guessing its not going to be any players, but you never know. League commissioner David Stern via ESPN:
“We made a decision some months ago that the economy was going to be a bit wobbly, so we began a belt-tightening that will result in a work-force reduction of about 9 per cent domestically,” Stern said Sunday, speaking before an NBA preseason game at London’s O2 arena.
This translates into about 80 jobs, he later told Reuters.
“There is a season-ticket renewal rate decline, and new sales are also being hit,” he said. “My guess is when [the regular season] kicks off, we will be down modestly in season ticket sales.”
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.