An initial report by the journal said the league had borrowed $175 million, but both CNBC and The Washington Times said the amount was $200 million.
The reports said at least 12 and as many as 15 teams had asked the league for money to cover operational losses.
SportsBusiness Journal said both JP Morgan and Bank of America initiated contact with the NBA to inform the league of the loan opportunity. The report said the NBA had not originally sought a loan.
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