The Buffalo Braves won't make money for owner John Y. Brown this season, but indications are that he isn't ready to give up on this city as a location for a solid pro basketball franchise.

Brown, one of two persons in the NBA to own a team outright (Jack Kent Cooke of the Los Angeles Lakers is the other), is trying to find partners to lessen his financial burden. His talks have been with Buffalo-area bussinessmen and people here take that as a good sigh.

It also has helped area enthuslasm that the braves have won six of eight home games prior to tonight's meeting with the Bullets. The team's talent is limited, especially with Tiny Archibald sidelined, but Cotton Fitzsimmons has done respectable coaching job and the club has been competitive.

Brown repectedly denies that the Braves are headed for Hollywood, Fla, or Louisville, Ky. Now that he has control over the club, instead of sharing it with former owner Pual snyder, he wants to see if the city will support a good team, which takes time to build.

Archibald is serving as the color commentator on Braves' television game while recuperating from his Achilles tendon injury . . .