Question: Are the Blazers Profitable?

Does anyone know whether the Blazers are profitable or whether they are losing $ - if so, how much.

I currently have two theories why we didn't use RLEC:
1) Blazers are losing $, wanted to get back to profitability
2) Other teams wouldn't take Outlaw or Webster (because he was injured). KP wouldn't give up Nic.

Of course, it could be a combination of those things and other factors.

So, how much $ have the Blazers been losing?

 

Here's the salaries for the league:

http://hoopshype.com/salaries.htm

The Blazers last year were at 80.6 mil.

According to wiki, The luxury tax level for the 2008-09 season, is set at $71.15 million. Similarly, The 2008-09 salary cap has been set at $58.68 million.

So, the Blazers have been well into the luxury tax area. Now that Raef and Steve Francis is off our books, we're below the salary cap: $50,567,802.

 

I thought I read somewhere that the Blazers were on pace to lose about 1 million before the playoffs, but if they made the playoffs they would be around even or actually earn slightly.

 

I would hope those numbers are wrong. Surely, a playoff series nets the team more than $1M?

 

Here's that article about the Blazers profitability this season:

http://portland.bizjournals.com/portland/stories/2009/04/20/story1.html

 

Great, Thanks Alex

 

Wow. Even for Paul Allen, that's a lot of loss to eat in a year.

It's great to see that the team is near profitability. The more money the team makes (or the less it loses), the more likely Allen will be to put more money into payroll.

 

The NBA takes almost half of the playoff revenue that the teams make on tickets, sponsorship, etc. etc. during the playoffs.

http://findarticles.com/p/articles/mi_qn4188/is_20080418/ai_n25352408/

 

As a tax player you are paying for 55%. Good write off for him.

 

I don't live in Oregon, so no, I'm not.

Based on what are you saying that "tax-payers" are paying for 55% of his losses?

 

I wonder if we won't see the Blazers use all of their cap space, because Paul Allen wants to recoup some of his losses. So sad at how much of our salary is going out to guys who never play. But it was the price we paid to get Roy and get rid of Randolph.