NBA

NBA lays off 114 staff

Updated: 15 July 2011 13:46 IST

The NBA laid off about 114 people over the last two days, planned cost-cutting moves that a league spokesman said on Thursday are "not a direct result of the lockout."

NBA lays off 114 staff

New York:

The NBA laid off about 114 people over the last two days, planned cost-cutting moves that a league spokesman said on Thursday are "not a direct result of the lockout."


The laid off employees represent about 11 percent of the league office workforce in New York, New Jersey and internationally.

Spokesman Mike Bass told The Associated Press the layoffs are "not a direct result of the lockout but rather a response to the same underlying issue; that is, the league's expenses far outpace our revenues."

"The roughly 11 percent reduction in headcount from the league office is part of larger cost-cutting measures to reduce our costs by $50 million across all areas of our business," Bass said.

The league said it lost $300 million this season after losing hundreds of millions in each previous year of the collective bargaining agreement that expired on June 30.

Owners locked out the players after the sides remained far apart in their final proposals. Commissioner David Stern said at the time it was too early to think about how it could affect staff, but acknowledged that the league would "have to go back and look at everything now with our operations."

But the reductions had already begun. The NBA and teams had trimmed staff by about 275 since October 2008, either through layoffs or by leaving positions vacant when employees left.

The league has also cut administrative costs, travel and new technology. It consolidated offices in Europe and Asia, closing offices in Paris and Tokyo, and is shutting down the studio in Secaucus, New Jersey where it annually holds the draft lottery.



Topics : NBA
Related Articles
India's Palpreet Singh Included in 2016 NBA D-League Draft
India's Palpreet Singh Included in 2016 NBA D-League Draft
NBA Star Dwyane Wade's Cousin Fatally Shot While Pushing Baby in Stroller
NBA Star Dwyane Wade's Cousin Fatally Shot While Pushing Baby in Stroller
Cleveland Cavaliers Beat Golden State Warriors in Game 7 to Capture NBA Title
Cleveland Cavaliers Beat Golden State Warriors in Game 7 to Capture NBA Title
Show Comments
Advertisement