The NBA instructed its staff to reduce expenses and limit hiring for the rest of the fiscal year due to “economic headwinds,” according to The New York Times.
Travel, entertainment, and other expenses will also get cut.
“Like other businesses in the U.S. and globally, the league office is not immune to macroeconomic pressures and taking steps to reduce expenses,” said league spokeperson Mike Bass.
Bass did not address which initiatives would get cut or whether there would be a round of layoffs.
The NBA’s next fiscal year begins in October.
