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Written by Matt Wiesenfeld
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Friday, 06 February 2009 15:28 |
 Earlier this week the Continental Basketball Association (CBA) announced that it was immediately ending its regular season citing the slumping economy as the primary reasons for decreases in attendance, sponsorship and other revenues. It wasn't that long ago that the CBA was a thriving concern and the primary source for in-season reinforcements for NBA teams. After falling on hard times and struggling to compete the with NBA Development League the current iteration of the CBA is composed of only 4 teams. The top two teams, the Albany Patroons and the Lawton-Fort Sill Cavalry, will begin a three series later this week to determine the 2008/2009 CBA champion.CBA Commissioner Dennis Truax says. “This is the best course of action for the CBA to take at this time. The economy has affected us all and we are now directly seeing the fallout from that. We will be holding an owners meeting during the finals as we look to restructure the CBA and come back next season stronger than ever.” The fact that the economy is ripping through the sports world is not surprising. The Arena Football League cancelled its season and the CBA is now making this concession.
OTHER NEWS ACROSS THE BUSINESS OF SPORTS NETWORK - MLB.TV Sees New Features, Lower Prices for 2009 - The Biz of Baseball
- Citigroup Not Only Bank in Sports Game Receiving Bailout Money - The Biz of Baseball
- Rangers Adding LED Displays at Ballpark - The Biz of Baseball
- Restructuring of MLB Blackout Policy Becoming More Remote - The Biz of Baseball
- Costas Adds Extra Credibility to the New MLB Network - The Biz of Baseball
- Maury Brown on XM Radio: Talks Padres Sale, Costas to MLB Network, Selig’s Salary - The Biz of Baseball
- Jeff Moorad Reaches Agreement to Purchase 100% of Padres - The Biz of Baseball
- Bob Costas Joins MLB Network - The Biz of Baseball
- Citigroup Looking to Back Out of Mets Naming Rights Deal - The Biz of Baseball
- Contract News: Manny Gets 1-Yr. Offer, Perez Getting $36M, Byrd & Kotchman Avoid Arbitration - The Biz of Baseball
- Is the Glass Half Empty or Full for the NHL? - The Biz of Hockey
- Canadiens Goalie Carey Price on the Cover of ESPN The Magazine - The Biz of Hockey
- Vegas Strip, Yankee Stadium, Rose Bowl Possible Locations for NHL Winter Classic - The Biz of Hockey
- Super Bowl XLIII Second Highest Rated of All Time. 147 Million Viewers - The Biz of Football
- Steelers Win Record 6th Super Bowl In Thrilling Fashion - The Biz of Football
- Bruce Smith, Derrick Thomas, Woodson, 3 others Inducted Into Hall of Fame - The Biz of Football
Matt Wiesenfeld is a contributor to the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football, The Biz of Basketball and The Biz of Hockey.
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Last Updated on Friday, 06 February 2009 16:48 |
