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Nets Gate Receipts Drop a League Record 29%

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If you're still wondering how bad things are for the Nets financially, wonder no more. An analysis of a confidential NBA report for the 2008-09 season obtained by CBS Sports shows the Nets' gate receipts dropped 29% from 2007-08. That's a loss of $11.4 million. No other team experienced a drop of more than $10 million. The Kings receipts dropped by $9.7 million or 23%. League wide, receipts dropped 0.2%.