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THE NBA HAS LAID OFF 114 EMPLOYEES
Mon, 18 Jul 2011 02:37 PM EDT

The NBA has laid off around 114 people over the previous two days as part of its plans to cut costs according to the spokesman for the league but was quick to point out that it was “not a direct result of the lockout.” The employees represent around 11% of the NBA’s work force and mostly office workers in New York as well as New Jersey and a few internationally. Basketball betting lines

Mike Bass the Spokesman told the Associated press that are “not a direct result of the lockout but rather a response to the same underlying issue; that is, the league’s expenses far outpace our revenues.”

Bass said “The roughly 11 percent reduction in headcount from the league office is part of larger cost-cutting measures to reduce our costs by $50 million across all areas of our business,” The league said it lost $300 million this season after losing hundreds of millions in each previous year of the collective bargaining agreement that expired at the end of the day June 30. Owners locked out the players after the sides remained far apart in their final proposals. Commissioner David Stern said at the time it was too early to think about how it could affect staff, but acknowledged that the league would “have to go back and look at everything now with our operations.”

However, the reductions which have been spoken of have already started, since the NBA has trimmed their staff by around 275 since back in October of 2008 either through layoffs or because they left positions vacant when the employees left. The league has also cut administrative costs, new technology and travel. Baseball spreads It has consolidated its offices in Asia and Europe by closing offices both in Tokyo and Paris as well as shutting down a studio in Secaucus, N.J. where it holds the annual draft lottery. Also the NBA store on 5th Ave. New York has also been shutdown but the league said it will reopen at another location. Baseball odds

Two teams i.e. Charlotte and Detroit have already cut staff since the whole work stoppage started two weeks ago. Stern did say that the lockout “has a very large impact on a lot of people, many of whom or most of whom are not associated with either side.”


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