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The commissioner also said the idea of a "franchise player" is an interesting concept that he believes will come up in bargaining. NFL teams have a franchise tag designation they can use on their own player, something NBA owners may want after a summer in which LeBron James, Chris Bosh and Amare Stoudemire left their clubs, and Carmelo Anthony and Chris Paul reportedly decided they want to do the same.
Deputy commissioner Adam Silver said Thursday the league is projecting losses of $340-$350 million this season, and Stern reiterated Friday that major economic changes are needed.
"I would say the league is viable as long as you have owners who want to continue funding losses. But it's not on the long term a sustainable business model that we're happy to be supporting," Stern said. "It needs to be reset."
Stern also provided contrasting updates on the NBA's two Northern California teams, saying he still expects the sale of the Golden State Warriors to close next week. However, his optimism for a new arena in Sacramento has "faded completely."
Otherwise, it was largely labor talk for the second straight day. And despite the large gap between the sides, Stern maintained he is still optimistic about reaching a deal.
"We know we're going to get an agreement done, and we think that the enthusiasm of the season and the prospective growth that it will ultimately represent will enable us to sit down with the players and negotiate in good faith, and we both seem intent on doing all that we can to reach a deal," he said.
[Associated Press;
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