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24/7 Wall Street: Seven Pro Teams on the Brink of Collapse

2. Minnesota Timberwolves

10-year change in attendance: -12.88% (sixth biggest decline in NBA)
W-L record 10 years: 339-481 (sixth worst in NBA)
Operating income (2010): -$7 million
Year founded: 1989
Value: $264 million (second least valuable in NBA)

The Minnesota Timberwolves have missed the playoffs seven years in a row now, and with the NBA season in jeopardy, that streak could extend to eight. Looking at the past decade, the team has the sixth worst cumulative record in basketball. In the past few years, the team’s performance has been even worse. The team has won 56 games combined in the past three seasons, a number that five teams have surpassed in past season alone. Minnesota has lost money every year but one since 2004, and it is bound to lose a lot more if the lockout continues.

(AP Photo/Jack Dempsey)

More From 24/7 Wall Street:
The States That Pay The Most (And Least) In Taxes
America’s Most Overpaid CEOs
America’s Disappearing Restaurant Chains

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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