It Isn't As Bad As Bud Says -- It's Worse: At least according to Sal Galatioto, managing director of the sports advisory and finance group at Lehman Brothers. In an interview with the New York Times' Ira Berkow, he said:
"I think he's understating the crisis," Galatioto said, referring to reports that two teams, Detroit and Tampa Bay, recently avoided missing paying their players. "He's in a tough spot. If he says that too many teams are in trouble, it hurts the teams' abilities to get financing."
Galatioto doubts that a strike or a lockout will solve anything, and offers this prescription:
