75% of NBA teams Not Making Money

[Juggity]

http://portlandtribune.com/sports/story.php?story_id=129859444827019000

TRIBUNE: How many of the league’s teams are operating in the red?
SILVER: Approximately three-quarters of the teams are not making money.

I found that kind of surprising, wasn't aware that so few teams in the NBA were profitable. With an NBA lockout looming, and many team franchises apparently teetering on the edge, what's going to happen?

[Zelophehad]

After all the awful contracts the owners just gave out last offseason, it's amazing they can blame this shit on the players.

[rickross]

mayne when niggas liek jamison, magette, bdiddy, shard, peja et al is makin crazy money da nigga dat gave dem da contracts should not even botha cryin. It like shittin n missin da toilet n den cryin cuz shyt stinks.

[MavDynasty]

Tbh rickross types like frodo

[DPG21920]

B.S. I guarantee more than 25% are making money.

[easy7]

If a true corporation ran business like that they would have already closed shop.

[buttsR4rebounding]

Translation: We're locking the spoiled brats out until they realize how good they've got it. Player salaries have to come down from $2.3 Billion to around $1.6 or $1.7 billion for it to come close to being fair. Surely, the owner of the team should expect to make as much as one of the higher paid employees--not even the highest in this case. That means a 25% cut in players salaries--it could be a long lockout.

[Jt.ONE]

they way teams spend so lavishly it's really no surprise..private team jets, limo's to take them around everywhere once they hit the ground, probably have driver's, eating at expensive ass restaurants every night probably all paid for by the team, etc.


this

[ChuckD]

wonder how many guys will bolt for europe?

I'm pretty sure that FIBA and the NBA honor each other's contracts, so unless a player is a FA, teams in Europe won't sign them. It's just a work stoppage. What happens when the lockout ends, and a player is under both an NBA and a FIBA contract? Awkward...

[baseline bum]

After all the awful contracts the owners just gave out last offseason, it's amazing they can blame this shit on the players.

/thread

[Koolaid_Man]

Tbh rickross types like frodo


and apparently he's so fucking fat he can't position his ass over the toilet properly...:lol

[boutons_deux]

Way too many teams,
way too many games,
way too expensive tickets,
B2Bs are an abomination,
way too little player/coach/staff talent.

82 x 30 = 2460 games of which 2000 are meaningless, unwatchable garbage.

Classic business scam: sell the shittiest possible product for the highest possible price.

[Pelicans78]

B.S. I guarantee more than 25% are making money.

Prove it.

Most teams are losing money. Guaranteed contracts, luxury tax, poor attendance.

[DPG21920]

No. They aren't.

[IronMexican]

Does anyone know for sure? I know car companies cry woe, cause they say they "lost" money, but in reality, they set a benchmark for themselves, like say, earn 250 million dollars, and if they only earn 200 million, they say they lost 50 million. Or are they really losing money?

[DPG21920]

It's more like maybe half of the teams. When true financial companies do their valuations, it shows that a lot of these numbers the owners report (losses) aren't really true:

http://www.businessinsider.com/forbes-17-of-30-nba-teams-lost-money-last-year-2011-1

[sefant77]

They should cut the guaranteed contracts. Or make it usual that every contract has team options every 2nd year.

And cut the average salary. Max for the stars is ok, but there is no need that the average player get 5-6 million a year. Sure the players will argue that they have a small window of time/career to earn the money but they piss it away anyway, so doesnt matter if they earn 2 or 6 million.

[v2freak]

Way too many teams,
way too many games,
way too expensive tickets,
B2Bs are an abomination,
way too little player/coach/staff talent.

82 x 30 = 2460 games of which 2000 are meaningless, unwatchable garbage.

Classic business scam: sell the shittiest possible product for the highest possible price.

Are you sure that's accurate? It sounds like you may be counting some games twice, IE if the Sixers play the Nets, that's one game but you counted it as 1 for the Nets and 1 for the Sixers.

[LnGrrrR]

Which teams are part of the 25%? There should be about 7 or 8...

My guesses:

Celtics
Lakers
Mavericks
Spurs
Heat
Bulls
And picking one out of my hat... Rockets

[Venti Quattro]

My guesses:

Celtics
Lakers
Mavericks
Spurs
Heat
Bulls
And picking one out of my hat... Clippers

[MavDynasty]

tbh my guess the Knicks

then again they are covered with luxury tax every year

[LongtimeSpursFan]

mayne when niggas liek jamison, magette, bdiddy, shard, peja et al is makin crazy money da nigga dat gave dem da contracts should not even botha cryin. It like shittin n missin da toilet n den cryin cuz shyt stinks.

I didnt realize I drank so much tonight. Cause I cant read muchless understand this.

[ChuckD]

Don't think of the teams that spend a ton like BOS, NY. The model for making money with an NBA franchise was set down 20+ years ago by Sterling: spend the minimum salary amount and let players walk away. You get more back from the TV deal than you spend. Of course you constantly lose, but if you look at it as a business, you're winning.

My guesses would include:
LAC
MEM
NOH
3-4 more teams that spend light.

[ChuckD]

I didnt realize I drank so much tonight. Cause I cant read muchless understand this.

White people trying to act black are funny.

[LnGrrrR]

Don't think of the teams that spend a ton like BOS, NY. The model for making money with an NBA franchise was set down 20+ years ago by Sterling: spend the minimum salary amount and let players walk away. You get more back from the TV deal than you spend. Of course you constantly lose, but if you look at it as a business, you're winning.

My guesses would include:
LAC
MEM
NOH
3-4 more teams that spend light.

Yeah, but you'd think those teams that go deep into the playoffs are making a good amount off playoff home games and merchandise.

[LnGrrrR]

Here's some helpful data:

http://blogs.forbes.com/mikeozanian/2011/01/26/the-nbas-most-valuable-teams-2/

Knicks are listed as most valuable. Amazing really that the franchise holds such sway, even after sucking for so long. Rounding out the top ten:
Lakers, Bulls, Celtics, Rockets, Mavericks, Heat, Suns, Spurs, and, at number ten, the f'ing RAPTORS. Go figure. I guess Canadians find time to switch to NBA when hockey isn't on.


In regards to winning vs frugality, here's the best bang for the buck list.

http://blogs.forbes.com/kurtbadenhausen/2011/01/26/nbas-best-teams-for-buck-2/