Jamaal Lesane Rumors | Hoops Rumors

James Dolan Calls For More Transparency Regarding NBA Finances

March 8th, 2025 at 7:41pm CST by Arthur Hill

Knicks owner James Dolan wants the NBA to adopt a more open accounting process for its finances and he plans to call for a vote on a resolution to that effect when the board of governors meets later this month, according to Tim Bontemps of ESPN.

In a letter sent this week to the league office and the board of governors, Dolan stated that the NBA needs “increased financial transparency and operating efficiency.” His proposed resolution, which would take effect beginning with the 2025/26 fiscal year, would “adopt a zero-based method of budgeting operating costs, headcount, and capital expenditures for all League and Affiliate League operations” and “adopt a process to present and distribute the League’s annual proposed budgets inclusive of all underlying account detail summarized by department and type of expense, headcount, and fully allocated costs against each League revenue stream.”

The letter was co-signed by Dolan and Madison Square Garden chief operating officer Jamaal Lesane, who serves as the team’s alternate governor. They point out that the league’s operating budget has risen by nearly 8% over the previous year and cite an increase of more than 800 people in “League office headcount.”

The letter also requests further details “summarized by department and type of expense — including headcount, capital expenditures, and fully-loaded budgeted costs with respect to the League and each of its subsidiaries and Affiliate Leagues.” Dolan and Lesane are seeking an estimate of projected costs and employment numbers relating to the NBA’s new media rights deal, along with “any contemplated NBA Europe league operations.”

In addition, the Knicks are calling for next year’s budget proposal to be presented at the annual Las Vegas meeting in July so a vote can be taken in September when the owners meet again prior to the start of next season.

Bontemps points out that Dolan has clashed with the league on numerous topics over the last few years. He resigned from the advisory/finance and media committees in the summer of 2023 and sent a letter to the league last year criticizing its new television deal, which he claims will make regional sports networks “unviable.”

Eric Fisher of Front Office Sports notes that Sphere Entertainment Co., which is led by Dolan, released a statement Monday saying that its MSG Networks may have to file for bankruptcy soon unless $800MM in debt can be restructured. The company warned that the NBA’s new national media deal could take too many games away from local outlets.

Knicks’ Dolan Resigned From NBA Board Committee Positions

November 21st, 2023 at 12:08pm CST by Luke Adams

Knicks owner James Dolan stepped down from his positions on the NBA Board of Governors’ advisory/finance committee and media committee several months ago, reports Adrian Wojnarowski of ESPN. Dolan also informed the league at that time that he no longer intends to attend Board of Governors meetings.

“Given all that has occurred lately, I have come to the conclusion that the NBA neither needs nor wants my opinion,” Dolan wrote in a July memo to commissioner Adam Silver and the league’s other 29 team owners, per Wojnarowski.

“My hope is that the Knicks will be treated equally and fairly as all other NBA teams,” Dolan stated. “… As you know, I am very busy with all my duties at MSG family of companies. I need to apply my time where I can be most productive.”

As Wojnarowski explains, Dolan has been “increasingly critical” of both Silver and the NBA on several issues. Notably, sources tell ESPN, he has expressed dissatisfaction with elements of the league’s revenue sharing system, which requires high-earning teams like the Knicks to share their revenues with smaller-market teams.

Since resigning from his Board of Governors committee positions, Dolan and the Knicks launched a lawsuit against the Raptors seeking more than $10MM in damages over an issue that would typically be arbitrated by the NBA. The suit, which alleges that a former team employee illegally took files with him to his new position in Toronto, accused Silver of bias due to his friendship with Raptors chairman Larry Tanenbaum and Tanenbaum’s position as chairman of the Board of Governors.

Although Knicks general counsel Jamaal Lesane is now representing the franchise at Board of Governors meetings in place of Dolan, the Knicks owner didn’t give up his voting power, according to Wojnarowski.

As Woj points out, the Knicks have been the lone dissenter in two recent votes that otherwise would have been unanimous — Dolan voted against approving the sale of the majority share of the Hornets to Rick Schnall and Gabe Plotkin; he also voted against WNBA expansion to San Francisco.

While ESPN’s report may not provide a full picture of everything going on behind the scenes here, Dolan’s recent actions – including those dissenting votes and his claim that the league “neither needs nor wants my opinion” – suggest he’s staging a passive-aggressive protest against the NBA due to his unhappiness about certain policies. That wouldn’t be out of character for a team owner who has a reputation for pettiness.