Players Association Doesn't Buy NBA's Reported Financial Woes

The players union prepares for a lockout.

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National Basketball Players Association executive director Billy Hunter disputes commissioner David Stern's forecast of nearly $400 million in losses this season. He believes that the league's basketball-related revenues increased to their highest point ever in 2009-2010. The league's collective-bargaining agreement expires next summer. The sides have started negotiations toward a new one but remain far apart, creating fears of the first work stoppage since 1998-99. There's nothing more annoying than millionaires fighting with billionaires over money during a recession.

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