According to forbes.com, the Chicago Bulls made about $60M in profit last season. Some teams make money, some lose. Guys like Cuban can be owners who can afford to lose money - they're spending on their hobby. It's not so simple to look at the league and teams as losing money.
However, regardless of type of owner it is pretty well agreed upon that at the current moment, the league is losing money.
Wow, surprise. The team in the nations 3rd largest city, that went to the conference finals, made money last year. Who ever would've figured that.
It's hard to believe that with a BRI of $4B and the owners getting 43% of it. That's about $1.72B after paying all the players. Or about $60M per team, if they split it evenly.
Total BRI is 4B. 43% of that is 1.72. But 60M* 30teams is 1.8B so just players alone is already more than the portion of BRI that the owners receive. And they still need to pay all the staff, stadium fees, taxes, travel, and all the other things that corporations need to pay.
Agreed. But the type of owner is not really the issue. It is the size of the market and how much they receive in local TV revenue. The Lakers signing their Billion dollar TV deal pissed a lot of owners off. For the Lakers to play games, they need an opponent to play against and that opponent needs to get a portion of that deal. It might also lesson the desire for teams like Sacramento from trying to move to the LA market. Big Media markets like Houston, Chicago, and New York all make more TV money than the Portlands of the world. . That needs to be shared in a better fashion than it has. Not sure it needs to be completely evenly distributed, but a bigger share than what has been shared before.
No, the consensus is the opposite, that they refuse to disclose financials for a reason. And BRI doesn't include all basketball income. It excludes hundreds of millions of dollars from the 57-43 split which goes 100% to the owners.
Somewhere I read Hunter saying he saw the books and 12 teams were profitable You mean like the hundreds of millions owners spend on jets, fuel, hotels, HCP, etc?
78-Game Schedule If CBA Done Next Week? If the NBA league office and union come to an agreement over the next week, sources predict that the NBA could reconstitute the schedule to play 78 games. This would cut only four games from the schedule or about one week's worth of games. The number of scheduled games must be an even number. Presumably the four games that are lost would be against teams in the opposite conference. Via New York Post Read more: http://basketball.realgm.com/wiretap/216239/78_Game_Schedule_If_CBA_Done_Next_Week#ixzz1cL4ZUi8H
The teams that lose Miami and/or the Lakers visiting are going to be pissed if that is true HCP. The Blazers used both games to sell 10 game packages and imagine every team in the league did the same.
Gaging the mood this weekend, I don't think the lockout is effecting anybody but the true die hard NBA fan and the 1,000s of people who have their salary reduced due to all this. In other words, I don't think the casual or even intense sports fan cares much about what the NBA is doing right now.
This. The NBA is in for a rude awakening if it thinks it is like football. I couldn't care less if the NBA ever plays again. I love the Trail Blazers, but only because I am from Portland. I love seeing them play and win. The NBA as a whole is unwatchable, and is never on my tv unless one of the teams is wearing scarlet and black.
Today's most important lockout updates: Nike made an ad: [video=youtube;k1c_It0ekC0]http://www.youtube.com/watch?v=k1c_It0ekC0&feature=player_embedded[/video] Kim K kicks Kris to the kurb. http://sports.yahoo.com/nba/news;_ylt=ArvGdBU3uKBgHInMXexisUm8vLYF?slug=ap-kardashiandivorce And DA makes a ton of sense: http://www.nba.com/2011/news/featur...lockout-next-steps/index.html?ls=iref:nbahpt1
WOW! Even if this didn't affect me financially, I would be devastated by this. I am a hoop junkie. Rather watch a Memphis v Clippers game then any World Series game! I miss hoops!
that's how I feel too. And the older I'm getting the less I care about the NBA as a whole. In fact, I no longer care if the Lakers win titles.
