Nearly half of all NBA Teams LOST money last season.....

Discussion in 'Portland Trail Blazers' started by THE HCP, Sep 19, 2017.

Moderators: 6

Moderators

  1. BrianFromWA
  2. Chris Craig
  3. Darkwebs
  4. Ed O
  5. PtldPlatypus
  6. SlyPokerDog
Page 2 of 2
  1. blue9

    blue9 Well-Known Member

    Joined:
    Nov 25, 2012
    Messages:
    10,729
    Likes Received:
    7,169
    Trophy Points:
    113
    And this is the one reason I see where Paul Allen is coming from. Taking money from large market teams that don't need to work for their money could help level the playing field. There's literally no way for small market teams to compete financially with large market teams because of those local TV deals.
    That said, I'm not gonna get too concerned about the gains/losses of billionaires...
     
    blue9, Sep 19, 2017
    #21
    bodyman5000 and 1, BoBoBREWSKI and Eastoff like this.
  2. SlyPokerDog

    SlyPokerDog Woof! Staff Member Administrator

    Joined:
    Oct 5, 2008
    Messages:
    125,263
    Likes Received:
    145,475
    Trophy Points:
    115
    If you don't like what a small market team earns then don't buy a small market team.

    Portland didn't suddenly become a small market after Paul Allen bought the Blazers. If he didn't know what kind of market Portland was when he bought the team that's on him.
     
    SlyPokerDog, Sep 19, 2017
    #22
    bodyman5000 and 1 likes this.
  3. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

    Joined:
    Sep 9, 2008
    Messages:
    26,096
    Likes Received:
    9,073
    Trophy Points:
    113
    I'll bet you a donut that was Jimmy Dolan. Anyone who has ever been in business knows you can't "guarantee" profits.
     
    BrianFromWA, Sep 19, 2017
    #23
  4. dviss1

    dviss1 Emcee Referee

    Joined:
    Aug 10, 2011
    Messages:
    29,612
    Likes Received:
    27,503
    Trophy Points:
    113
    I don't believe it. I think they're cooking the books.
     
    dviss1, Sep 19, 2017
    #24
    Charcoal Filtered likes this.
  5. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

    Joined:
    Sep 16, 2008
    Messages:
    45,159
    Likes Received:
    33,941
    Trophy Points:
    113
    Occupation:
    Sales Manager
    Location:
    Cincinnati
    Well I was not advocating one side or the other, but it's the owner who foots the bill if they lose money.
     
    julius, Sep 19, 2017
    #25
  6. trailblazer18

    trailblazer18 Well-Known Member

    Joined:
    Nov 17, 2014
    Messages:
    4,068
    Likes Received:
    4,956
    Trophy Points:
    113
    Location:
    Iowa
    @HCP can you ask one of the players if they received the full 10% escrow distribution back? This will give insight if the league is making money.
     
    Last edited: Sep 19, 2017
    trailblazer18, Sep 19, 2017
    #26
  7. dviss1

    dviss1 Emcee Referee

    Joined:
    Aug 10, 2011
    Messages:
    29,612
    Likes Received:
    27,503
    Trophy Points:
    113
    An NBA franchise is more like a piece of art. You wait for it to appreciate in value and the money is made selling it.
     
    dviss1, Sep 19, 2017
    #27
  8. trailblazer18

    trailblazer18 Well-Known Member

    Joined:
    Nov 17, 2014
    Messages:
    4,068
    Likes Received:
    4,956
    Trophy Points:
    113
    Location:
    Iowa
    It is my understanding that if the players receive the full 10% escrow funds back that the leagues BRI (basketball related income) was essentially lower than expected. If they receive less than 10% escrow it means the BRI was higher than expected and the players received money from there instead of the escrow money.
     
    trailblazer18, Sep 19, 2017
    #28
    SlyPokerDog likes this.
  9. trailblazer18

    trailblazer18 Well-Known Member

    Joined:
    Nov 17, 2014
    Messages:
    4,068
    Likes Received:
    4,956
    Trophy Points:
    113
    Location:
    Iowa
    I guess this doesn't mean much for the team specifically, but it's telling for the league.
     
    trailblazer18, Sep 19, 2017
    #29
    Eastoff likes this.
  10. Schilly

    Schilly Well-Known Member

    Joined:
    Oct 16, 2009
    Messages:
    3,161
    Likes Received:
    3,345
    Trophy Points:
    113
    I personally believe that the NBA is on a collision course with massive disaster. The money is so large the players now have the power to control the league. The CBA as drawn up gives players that power to hijack a whole franchise (See LeBron and his yearly opt out), and does nothing to really promote parity and the ability for teams to keep their own players long term. Ultimately this will wear on fans, especially smaller market fans. They need to look at the success of the NFL and take some notes. Guaranteed contracts aren't going anywhere soon, but a hard cap sure would make it work better and stronger incentives for players to stay with their teams.

    I still believe a Salary Slot based system where each team has 15 salary slots they can assign each season each with a different soft cap percentage of the total salary cap, but able to exceed the individual slot caps by percentages based on how long a player has been with a team, with those rights tradable with the player. That would eliminate a teams ability to go get 4 superstars and would add more incentive to stay with their current team.
     
    Last edited: Sep 19, 2017
    Schilly, Sep 19, 2017
    #30
    BBert, Ed O and handiman like this.
  11. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    Denny Crane, Sep 19, 2017
    #31
  12. blue9

    blue9 Well-Known Member

    Joined:
    Nov 25, 2012
    Messages:
    10,729
    Likes Received:
    7,169
    Trophy Points:
    113
    Actually, the league is ripe for parody! ;)
     
    blue9, Sep 19, 2017
    #32
  13. Denny Crane

    Denny Crane It's not even loaded! Staff Member Administrator

    Joined:
    May 24, 2007
    Messages:
    72,978
    Likes Received:
    10,673
    Trophy Points:
    113
    Occupation:
    Never lost a case
    Location:
    Boston Legal
    Figures lie and liars figure?

    If you buy a team for $250M and sell it for $2B and lose $10M/season, you made out like a bandit.

    And, read the last sentence below. The article is from 2016.

    https://www.bizjournals.com/memphis/blog/2016/01/forbes-tags-grizzlies-worth-at-780-million.html

    Since current owner Robert Pera acquired the team in 2012, the Grizzlies have seen their value continue to grow. And the current value is more than double the $377 million Pera paid for the team. The Grizzlies also produced $147 million in revenue during the previous season.

    Revenue sharing, which was part of the NBA’s current collective bargaining agreement, has put nearly every NBA team on the road to profitability. The only team that lost money in the last year was the Brooklyn Nets, which was also the only NBA in that column last year as well.
     
    Denny Crane, Sep 19, 2017
    #33
    Nate, bodyman5000 and 1 and dviss1 like this.
  14. 3RA1N1AC

    3RA1N1AC 00110110 00111001

    Joined:
    Oct 18, 2008
    Messages:
    20,918
    Likes Received:
    5,168
    Trophy Points:
    113
    Cry me a fucking river. Some billionaires billion dollar "investment" loses 1% of its total value?

    Suck my dick.
     
    3RA1N1AC, Sep 19, 2017
    #34
    Denny Crane likes this.
  15. Trackjack

    Trackjack Well-Known Member

    Joined:
    Aug 9, 2015
    Messages:
    2,914
    Likes Received:
    1,910
    Trophy Points:
    113
    Yes they are
     
    Trackjack, Sep 19, 2017
    #35
  16. Trackjack

    Trackjack Well-Known Member

    Joined:
    Aug 9, 2015
    Messages:
    2,914
    Likes Received:
    1,910
    Trophy Points:
    113
    Owners are there worst enemy there the ones sign the CBA and later cry about losing money. There the ones that agree to pay high salaries and again cry about losing money. So I am not crying about owners losing money.
     
    Trackjack, Sep 19, 2017
    #36
  17. e_blazer

    e_blazer Rip City Fan

    Joined:
    Sep 16, 2008
    Messages:
    24,210
    Likes Received:
    30,355
    Trophy Points:
    113
    Occupation:
    Consultant
    Location:
    Oregon City, OR
    I'm sure that losing money wasn't an objective for the Blazers, but I think that it was an understood consequence of their massive spending last summer. I suspect that they look at it as an investment that they hope pays off in a year or two.
     
    e_blazer, Sep 19, 2017
    #37
  18. tester551

    tester551 Well-Known Member

    Joined:
    Jan 23, 2009
    Messages:
    4,037
    Likes Received:
    3,849
    Trophy Points:
    113
    You have this backwards.

    A percentage of the player's salary goes into escrow (holdings) until the end of the year. If the BRI is lower than expected, the owners take back a portion of the escrow funds to meet the 50/50 split agreed to in the CBA - while the remaining is distributed to the players. If the BRI is higher than expected, then the players get all the escrow money & the owners pay additional to the players.
     
    tester551, Sep 19, 2017
    #38
    trailblazer18 likes this.
  19. trailblazer18

    trailblazer18 Well-Known Member

    Joined:
    Nov 17, 2014
    Messages:
    4,068
    Likes Received:
    4,956
    Trophy Points:
    113
    Location:
    Iowa
    Thanks for the correction. I re-read the document a few times and still wasn't fully clear. Thanks for the clarification. From what I know the players got all 10% back from last season, so the league is making money then.
     
    trailblazer18, Sep 19, 2017
    #39
Page 2 of 2

Share This Page