Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Dolan seeks 'financial transparency' in NBA office

Written by 
Published in Basketball
Thursday, 06 March 2025 15:21

In a continuation of criticism of the league office over the better part of two years, New York Knicks owner James Dolan has called for a resolution to be voted on at this month's Board of Governors meetings that asks for clearer accounting of the league's finances, according to a letter that was received by the league office and the rest of the Board of Governors.

Dolan, who said ahead of the September meeting that he wouldn't be voting on the 2024-25 budget, or the election of a new chair of the Board of Governors, laid out in the letter, which was obtained by ESPN, why he believes the NBA needs to add a resolution to its agenda for this month's meeting as part of an ongoing attempt to seek out "increased financial transparency and operating efficiency."

The proposed resolution would begin with the 2025-26 NBA fiscal year, and would ask the league to both "adopt a zero-based method of budgeting operating costs, headcount, and capital expenditures for all League and Affiliate League operations" and "adopt a process to present and distribute the League's annual proposed budgets inclusive of all underlying account detail summarized by department and type of expense, headcount, and fully allocated costs against each League revenue stream."

In the letter -- co-signed by both Dolan and the team's alternate governor, Madison Square Garden chief operating officer Jamaal Lesane -- the Knicks detail how the league's operating budget rose nearly 8% from the year before, and pointed out specific increases in a variety of areas, as well as an increase in "League office headcount" by over 800 people.

"Despite the League's swelling costs and headcount, the budget materials provided by the League during its annual September budget review are limited in scope," the letter said. "Accordingly, to improve the League's financial transparency and operating efficiency, the Knicks propose that the League adopts a zero-based method of budgeting operating costs, capital expenditures, and headcount for all League operations and initiatives (including Affiliate Leagues, such as the Basketball Africa League, WNBA, and G League).

The letter then went on to ask for further underlying details -- "summarized by department and type of expense-including headcount, capital expenditures, and fully-loaded budgeted costs with respect to the League and each of its subsidiaries and Affiliate Leagues" and asked for all costs and head counts related to both the league's upcoming new national media deals, which kick in next season, and "any contemplated NBA Europe league operations."

The Knicks also asked for the 2025-26 budget to be presented in July at the league's annual Las Vegas BOG meeting, so that it could be ratified in September when the owners convene again prior to the start of the season.

Dolan and the Knicks have repeatedly questioned the league office on a variety of topics dating back multiple years. The team sued the Toronto Raptors over the alleged theft of thousands of files back in August 2023, with an arbitration hearing scheduled for the week of July 21 to finally resolve it. That same summer, Dolan resigned from both the advisory/finance and media committees, and wrote in a memo obtained by ESPN that "given all that has occurred lately, I have come to the conclusion that the NBA neither needs nor wants my opinion."

Last year, he sent another letter criticizing the league for its new television deal, which he said would render regional sports networks as "unviable" moving forward.

"The NBA has made the move to an NFL model -- deemphasizing and depowering the local market," Dolan wrote in the letter, which was obtained by ESPN. "Soon, your only revenue concern will be the sale of tickets and what color next year's jersey will be. Don't worry, because due to revenue pooling, you are guaranteed to be neither a success nor a failure.

"Of course, to get there, the league must take down the successful franchises and redistribute to the less successful. This new media deal goes a long way to accomplishing that goal."

On Monday, Sphere Entertainment said in an earnings release that it could look at entering MSG Networks, which broadcasts both Knicks and New York Rangers games, into bankruptcy protection if it's unable to work out a deal to refinance its debt, shortly after the company came to an agreement with Altice to get the networks back onto one of the biggest cable providers in the country, and one that serves much of the tri-state area.

Read 17 times

Soccer

Spirit win NWSL Challenge Cup in PK shootout

Spirit win NWSL Challenge Cup in PK shootout

Aubrey Kingsbury made a crucial save in a shootout and the Washington Spirit beat the Orlando Pride...

How important is Neymar's return to the Brazil squad?

How important is Neymar's return to the Brazil squad?

EmailPrintOpen Extended ReactionsAlmost a year and a half after suffering a serious knee injury play...

Dest set for PSV return after 11 months out

Dest set for PSV return after 11 months out

EmailPrintOpen Extended ReactionsUnited States men's national team defender Sergiño Dest is set to m...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Morant happy to feel like the 'old Ja' in Grizz win

Morant happy to feel like the 'old Ja' in Grizz win

EmailPrintOpen Extended ReactionsDALLAS -- Ja Morant turned toward the Memphis Grizzlies' bench, bal...

Fox cold in return amid Kings fans' boos, cheers

Fox cold in return amid Kings fans' boos, cheers

EmailPrintOpen Extended ReactionsSACRAMENTO, Calif. -- The country song "All My Ex's Live in Texas"...

Baseball

A's to wear Las Vegas patch in sponsorship deal

A's to wear Las Vegas patch in sponsorship deal

EmailPrintOpen Extended ReactionsLAS VEGAS -- The Athletics will play in Northern California for at...

Source: Yanks' Cole to have tests on right elbow

Source: Yanks' Cole to have tests on right elbow

EmailPrintOpen Extended ReactionsNew York Yankees right-hander Gerrit Cole is scheduled to undergo t...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated