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NBA offered a “bailout”

AFP (the French news service) reports that the Sports Business Journal  reports that Bank of America and JP Morgan approached the NBA about lending them $175 million to help them get through the tough times.

Does this mean the $500k governemnt salary cap needs to apply to the NBA?

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This entry was posted on Friday, February 27th, 2009 at 5:45 am and is filed under Financial Collapse, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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