In addition to the ten staffers laid off two weeks ago, ten other front office positions haven't been filled, reports Sports Business Journal. That brings team staff down to 120, a 15% drop from a high of 140 in late 2007. Team revenue has dropped from $100 million to $92.4 million this year and the Nets are among 16 NBA teams that rolled over loans from a $2 billion credit pool aimed at shoring up operations.
- Nets cut front office staffing, lay off 10 - John Lombardo - Sports Business Journal
- NBA gets loan pool renewal - Daniel Kaplan & John Lombardo - Sports Business Journal
- NBA approved for renewal of credit facility - AP