NBA To Limit Hiring, Reduce Expenses For Remainder Of Fiscal Year
View Source | April 12, 2023 2:40 pm
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- The NBA is not immune to economic conditions.
- The league instructed their office staff to significantly limit hiring and reduce expenses for the remainder of the fiscal year due to “economic headwinds,” according to a memo obtained by The New York Times.
- Staffers were told to cancel some off-site meetings or hold them virtually, while travel and entertainment will also be slashed, per the memo sent by league executive Kyle J. Cavanaugh and the NBA’s chief financial officer, David Haber.
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