Sports, entertainment, and politics from The Wall St. Journal’s sports and politics section.
The NBA is in the midst of its third straight year of losing money.
The league is on track to lose $8.4 billion in 2017-18, the first time since 1998-99 that it hasn’t been profitable.
The league is in a financial mess because of its contracts with its owners.
The owners are paying more to the league than they have to their players.
Players are being paid less than they should be for what they make.
That has led to the most expensive team in sports, the Dallas Mavericks, spending $4 billion last year on payroll and luxury taxes, more than the NBA salary cap.
The owners are not the only ones who are having a hard time making ends meet.
They’re also struggling to keep up with the pace of change in the NBA.
The average salary for players last year was $8 million.
That is almost twice the amount the NBA was expected to pay last year.
And while the NBA has been able to attract marquee stars such as LeBron James, Kevin Durant and Steph Curry, the salary cap has shrunk.
That means that while players make more money than ever before, the league’s cap will soon be more than $100 million shy of the $100 billion cap that would have been required to guarantee that the league would have a $1 billion television contract in 2019-20.
The NBA is currently projected to miss its 2020-21 budget cap of $91.7 million.
And if the NBA does not have a television contract by the end of 2019-80, the NBA would have to take out another $2.5 billion to keep the TV rights that were signed in 2019.
The financial challenges for the league have created a rift in the league.
The owner-controlled owners have not been pleased with the direction of the league, and some have tried to stop the league in its tracks.
In July, the owners voted to change the name of the NBA to the National Basketball Association of America, a move that some in the business community feared would lead to an exodus of NBA stars to other leagues.
The name change was a move by the owners to protect their brands and ensure that the new name would not be taken as a sign of disrespect by the fans and players who supported the name.
The new name, however, does not sit well with the fans of the National Hockey League, which is known as the NHL.
Many of the owners have also sought to change how the league is structured, changing the way the teams are awarded playoff berths, how the top two teams are seeded in the postseason and how the salary caps are calculated.
The lack of a television deal has made the NBA a bit of a wasteland.
There is no longer a television network in the United States, which has resulted in the owners making a deal with a cable company to deliver their games to viewers in the U.S. but not the rest of the world.
Some analysts have predicted that the NBA will lose $4.5 to $5 billion in revenue in 2017, and the league could have to cut costs.
In the past, the owner-owned owners have been able call a strike to stop other teams from playing the game.
But the owners were unsuccessful in preventing the Chicago Bulls from playing in the playoffs.
And this year, the New Orleans Pelicans were able to pull out of a scheduled preseason game against the Houston Rockets, even though the league did not want to make a decision about a TV contract until the season was over.
This year, however the owners’ power has diminished.
As of now, the three owners have the right to call a lockout if they want to.
The lockout is likely to last until the end, possibly as early as next week, when the league will vote to end the season.
The three owners can also end the playoffs if they wish, but if the league decides to end it before the season is over, it could take until April at the earliest to make that happen.
As the league has lost money, the players have also been frustrated.
Players have also seen their salaries go up, as a result of the salary increases that have come with the salary tax.
The players have argued that it is unfair that the players are being taxed more than they are making.
The salary tax, which goes into effect in 2021, applies to players’ salaries not just their earnings, but also other income.
The revenue generated by the tax goes to the general fund, where it is divided between state and local governments.
This year, it has been divided almost equally between state governments and localities.
Players argue that this has been a bad decision by the NBA, which would have had a better chance of getting the league to have a TV deal with CBS.
That would have allowed the league and CBS to renegotiate their deals and get a better deal.
The issue would have made the league look better than