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.
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