Fox Business
Expand
Browse All Video
Watch Live

You're watching...

NBA Commissioner Feels Good About Business

Details

  • Description

    NBA commissioner David Stern on the money issues facing professional basketball.

  • Duration 6:43
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- we start with while we're here today and you dedicate a whole week.

To this this Green initiative with sprint and tell us why I mean obviously it looks good you're going Green but why here.

We feel that we have an obligation to -- leaders in social responsibility because.

We.

Are watched -- a lot of and leaving the various political debates out of carbon emissions and there impact -- would agrees there.

That if you use less.

-- view about carbon footprint.

You you you know lower dependence on imported oil and you make it permanent that was sustainable.

And so there -- a lead certified -- is we have collection points for electronics which -- otherwise -- Our landfills.

Will be and we emphasize though a lot of those things that we feel.

Pretty good about it because we think it's an important initiative and sprint -- a leader in Green so is this a great line.

It's you know I'm feeling and outages but I have a feeling that we can do a pretty good political interview with you on this that is the way you answer that I don't have any interest -- today from the I think I would probably not get involved.

It would be but it would be an interesting conversation here here's what I wanna talk about.

I mean I wanna talk about the NBA as a business and obviously everybody knows this season was shortened because of the lockout but that we're here now -- we're -- at the end of the regular season.

What would you say how would you assess all things considered where you -- I would say we had a great season.

Our attendance was up global last year or is.

Television viewership is up over last year on product sales -- last year.

Our social media connections on.

YouTube and Twitter and FaceBook and interest and Tumblr -- that the -- there.

The in actually in some ways the late start.

Through Christmas Day.

We get what you would school -- What's five.

It's a queen while I don't know it's eight point -- and I don't know there are a couple of -- was a good way to jump off the season.

And fans are telling us that having more games on more nights is just.

Is -- the light especially if you subscribe to lead pass through our fiscal events that we're.

Where we're feeling good and as a business -- we're feeling very good respectively because the contract we've had to do with the players has lowered our players who is 12% and -- our contracts and has a new and we'll look luxury tax that's gonna make us profitable.

Let me ask you a little bit about that without going back to all the other issues with what teams claim they were losing money and everything else who would you say about balance of power.

You know every sport has this where they're trying to have the most competitive situation they possibly can.

This year is it a model or is it just kind of one of those one off things let's say somebody and Oklahoma City has done in other teams emulate that -- To stimulate -- and I know.

I would just nit pick your statement.

Just a -- And say that our teams.

Disclosed.

Their losses -- clean.

Clean.

Sort of indicates that might be dispute when you -- books.

And you give him side the opportunity -- what -- fair and rises above McLean.

That said the whole purpose of the collective bargaining.

And -- which has been but now it's even -- ways to assure that Oklahoma.

Citi.

Orlando.

Twentieth -- market.

San Antonio a small market Utah.

Yes small market would have an opportunity to compete and so far all those teams are still in -- constant with.

Orlando that you bring that up but it's not just them that would happen with the -- -- leaving Cleveland and with Carmela Anthony leaving Denver and and if you wanna say dictating where wanted to go on the trade that would happen this year with all that was surrounding Dwight Howard you get concerned though about markets like we.

You know what Minnesota are these markets getting left out of that -- -- -- not.

Under the new collective bargaining agreement because.

Given the cap and team's ability to spend.

That is now limited even more and they'll be plenty.

Smaller cities right that we'll be able to attract players and beyond that.

Because of our enhance revenue sharing.

Teams of every stripe size will be able to compete on an even playing field we've we've we have leveled the playing field from this morning.

Okay fair enough -- one more question because really interest me and that's about it and I get asked this a lot eligibility of the players and I you know we had the answer -- ornaments.

This week -- Anthony Davis is the -- start at the university Kentucky -- and he'll play in India next year policy.

You know on the women's side gets an electric -- a terrific player is gonna come back and placing -- here at Baylor.

That this eligibility requirement one year at a high school nineteen years.

Of age is working it.

Well compared to what we have making it higher or not having -- at all.

Well we did we -- to have -- high school or business purposes is working very well.

It makes the point that the players who were identified is likely lottery ethics.

Our our teams had the opportunity to watch them play against the very high level of competition for year.

And that was the purpose of the -- for us which was to.

-- these very valuable draft picks right based upon.

More what elements they would baseball does three years in college.

-- if you go -- Go straight out of high school yeah that we that we don't think that what's wrong with the NFL.

-- -- -- college.

You're just you know I don't think you pick you you're gonna push for -- well we asked for we went from high school to one -- we propose to me.

The players rejected -- they have rejected it in the WNBA anywhere they represented WNBA players where it's.

Now in the collective bargaining agreement that you must have.

Four years.

-- so.

We'll see I I'd love to get -- longer I think that it would be a good thing for us this is not a social program.

We don't tell young management where they should go.

They can go to played Europe they can play in the NBA development league -- they can play in college that's it.

Load More