Is the NBA really losing money?

Are the league's stated losses merely an accounting fiction? Here's a closer look

Updated: July 12, 2011, 12:39 AM ET
By Larry Coon | Special to ESPN.com

The NBA's collective bargaining agreement will expire at 12:01 a.m. on Friday. If a new agreement is not in place by then the league effectively will shut down, ceasing all business with the players until the labor dispute is resolved.

With the season over and CBA's crunch time now here, the two sides briefly picked up the pace on the negotiations. But the chasm remains wide and deep. Despite some movement on both sides, a work stoppage seems inevitable. One last face-to-face ...

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