The Sword of Damocles is officially hanging over the Grizzlies, Timberwolves, Bucks and Bobcats.  

David Stern’s statement today is sure to send shivers down player and agent spines (assuming agents have spines) and hurry up more than a few contract extensions:

“What we told our players initially is that we’d like to get profitable and we’d like to have a return on our investment. And there’s a swing of somewhere in the neighborhood of between $750 [million] and $800 million that we would like to change. That’s our story and we’re sticking with it.”