Stern: NBA projects $400 million in losses

David Stern says the NBA is projecting league-wide losses of

about $400 million this season and has lost hundreds of millions in

each previous year of the current collective bargaining

agreement.

The commissioner says it has shown the players’ association

those numbers in hopes of demonstrating why the league feels it

needs “significant changes” in the next deal.

The NBA’s first proposal for a deal to replace the one that

expires in July 2011 was thrown out Friday after what players

association director Billy Hunter called a “contentious”

90-minute meeting.

Stern criticized the union’s behavior at the session, saying

Saturday it earned “high marks on the list of theatrical

negotiations.”