$400 Million?!?!?!

Why is David Stern's announcement that the NBA is projected to lose....$400 million !!!!! this year not front page news but is relegated to a footnote in the all-start game notebook, coming after a story about the winner of the dunk contest? What's more, Stern said the league has lost millions in the years before this season. Sure it's posturing in the pending labor negotiations but this is big news - an American professional sports league is hemorrhaging cash. The front page of sports sections were filled with stories about possible NFL blackouts several months ago, so I'm not sure why this isn't getting more coverage.

Of course, any league is going to lose tons of money when teams like the Sixers have to pay Chris Webber $50 million just to buy out the remainder of his contract.