Report: Detroit Pistons lost $45M last season, most in NBA, even after revenue-sharing


DETROIT - The Detroit Pistons lost the most money for any team in the NBA last year, even after the league's revenue sharing, according to a new report.

ESPN reports the Pistons, along with eight other teams, lost money last season even after collecting revenue-sharing payouts.

The other eight teams are: Atlanta Hawks, Brooklyn Nets, Cleveland Cavaliers, Memphis Grizzlies, Milwaukee Bucks, Orlando Magic, San Antonio Spurs and Washington Wizards. 

All of this, despite the NBA's new $24 billion TV deal, which was believed to be a potential fix for the league revenue disparity problem.

Here's more on the Pistons from the ESPN report:

Relocation of a different sort is taking place in Detroit. The Pistons lost $63.2 million before collecting revenue sharing last season, the largest loss by a wide margin, despite being one of the NBA's larger markets. (The team received $17.6 million in revenue sharing to help offset the losses.)

Such shortfalls help explain why the Pistons wanted to move out of a building their parent company owned far into the suburbs and relocate to a new arena in downtown Detroit this season, hoping that it helps boost revenue.

The Pistons will kick off their new season in October at Little Caesars Arena in Downtown Detroit.

Read the full ESPN report here.

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