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No revenue sharing. There are 19 teams who start the year in the red, none dramatically, but only three teams had projected current year budgets in the red. If I understand the financial system correctly, these are the only teams significantly restricted in trades, as teams will be working with their current budget, not their starting year cash balance. Might be wrong on this, but only a couple of teams have had seasons with huge salary reductions (one or two in 11 years), and median team salaries have stayed pegged, so teams are signing and extending players despite starting the year in the red.
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