NBA Players Union Says It Has 'Adequate Basis' To Question League Finances

NEW YORK (AP) -- The NBA players' association says the league has made inaccurate financial projections before, a day after a report questioned whether the league indeed lost money two seasons ago.

Though the league says it lost $340 million in 2009-10, a New York Times blog post Tuesday titled "Calling Foul on NBA's Claims of Financial Distress" called the league "fundamentally a healthy and profitable business" with an estimated operating income of $183 million that season.

Union spokesman Dan Wasserman says the NBA projected a decline in revenues that season but they actually rose, so the final losses should have been much less than the league said.

"So yes, we feel there is more than adequate basis for questioning their projections and financials," Wasserman said Wednesday.

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