Nets recorded $144M loss last season

The basketball side of the Nets’ business is projected to have lost $144 million over the 2013-14 season, according to a confidential memo the league sent to all 30 teams in early June.

The NBA expects nine teams will end up having lost money once luxury-tax distribution and revenue-sharing payments are finalized. The Nets, with that monster $144 million figure, are the biggest losers. Next in line? The Wizards, with projected losses of about $13 million.

The  five best projections in the league are the Lakers ($100.1 million), Bulls ($61 million), Rockets ($40.7 million), Celtics ($33.1 million) and Thunder ($29 million)