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David Stern: NBA revenue up to $5B

Updated: November 13, 2012, 7:04 PM ET
Associated Press

NEW YORK -- NBA commissioner David Stern estimates revenue will be a record $5 billion in the current season, an increase of about 20 percent from the league's last full season in 2010-11.

Stern spoke Tuesday at Beyond Sport United, a gathering of global team, league and industry executives at Yankee Stadium that focuses on social responsibility. Stern said NBA expansion to Europe is probably at least a decade away and that it likely would make sense to add several clubs there at once.

"I ...

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