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In a statement, Thomas said that after speaking with Commissioner David Stern and Knicks executives "it has become apparent that my new agreement violates certain N.B.A. bylaws.
It just replaced two top sales executives, it slowed its production below last year, and its profit-draining sales incentives are climbing.
More than the skill of its traders or the brilliance of its executives, it is this information asymmetry that is the source of Wall Street's outsize profits.
Toyota, for example, said that in order to protect the privacy of its executives, it never discloses compensation information.
Either it's finding it harder to recruit the typically MBA-trained executives it needs for its high execution rate companies.
And even as it paid out lavish bonuses to its top-performing traders and executives, it couldn't make good on its interest payments to the government.
For Wall Street executives, it was a roller-coaster weekend.
For the world's leading executives it is different.
In a room filled largely by energy industry executives, it was innovation that excited the crowd.
When it comes to financial executives, it sure doesn't look that way.
As the company loses executives, it is eager to sign a deal.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com