Time clock expiring on NBA's shorter schedule

Associated Press Modified: April 19, 2012 at 3:46 pm •  Published: April 19, 2012
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Stern said the "early returns are excellent" from the new labor deal. The league expects to lose a little money this season but predicts a profit in 2012-13 after saying it lost hundreds of millions annually every year of the old deal that was ratified in 2005.

Stern said he had nothing to add on the future of the Kings in Sacramento after a tentative deal for a new arena collapsed last week. The agreement, with the league negotiating on behalf of the Maloof family, which owns the Kings, had been reached during All-Star weekend in Orlando.

But the Maloofs said they had concerns about the terms and costs of the deal and might prefer renovating their arena. Mayor Kevin Johnson said the city wouldn't be interested in contributing to that.

Stern said it was "unfortunate to not be able to deliver on what was a very promising situation," but that a "cooling off period" might be best.

Also:

—Stern revealed the sites of next season's overseas exhibition games: Berlin; Istanbul; Barcelona, Spain; and Milan in Europe; and Shanghai and Beijing in China. Boston and Dallas are expected to play two games apiece in Europe.

—International expansion may be "inevitable" but not anytime soon.

—Madison Square Garden and the Barclays Center, the future home of the Brooklyn Nets, have signaled interest in hosting an upcoming All-Star game.

—The sale of the Hornets from the league to Saints owner Tom Benson is expected to close in May.

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