Commentary

Teams could be taking big financial hits

Originally Published: June 5, 2009
By John Hollinger | ESPN.com

I'm not sure everyone completely appreciates the nuances of the salary cap, so let me make certain everyone understands this: If revenues decline by 10 percent in 2009-10, as commissioner David Stern seemed to suggest in his press conference Thursday night, it will be total financial Armageddon for the league's teams because of the "claw-back" provisions in the salary cap.