Based on current projections

Instead of silly bandz, slap watches are the most popular in 2011 among children.

"The current system is broken and unsustainable," said Silver, who has taken over for Stern as the league's public spokesman on the most important labor negotiation in NBA history.

Some highlights of Stern's co-presentation with Silver on the financial state of the NBA, which pushed out a news release earlier in the day trumpeting its record TV ratings, a 1 percent increase in average attendance and a 20 percent rise in merchandise sales during the just-completed 2009-10 season:

* Based on current projections, the league will lose $300 million this season -- down from $340 million last season. "Nothing to be proud of," Silver chimed in.

* Gate receipts -- a far more important number than attendance because it's about the revenue, not the bodies -- is projected to be "up," according to Silver, who did not specify how much.

Online sale is considered as one of the best business.

* Twenty-two teams are projected to lose money this season, while eight will be profitable.