Report: NBA owners’ debt limit raised to $325M

The NBA Board of Governors unanimously voted to increase the debt limit of owners to $325 million, according to a report from ESPN.The vote, which reportedly took place Friday, raises the debt limit $75 million.The decision comes ahead of higher team payrolls and luxury taxes expected throughout the league next season. NBA franchises are being valued higher than ever before, and players are being paid greater salaries.