Saturday, August 9 First losing season in 15 years leads to drastic moves -------------------------------------------------------------------------------- Associated Press SEATTLE -- The Seattle SuperSonics reportedly lost $17 million in the 2002-2003 season, when they had their first losing season in 15 years, and the NBA franchise is laying off employees. The team laid off six of its 120 employees in a budget-cutting move Friday -- five percent of the Sonics' staff. "Yes, cutting costs was the motivation behind the layoffs," Valerie O'Neil, senior director of public relations, told The News Tribune of Tacoma on Friday. "But it also was a reorganization to align our work force with a new sales emphasis." Read the rest hear http://sports.espn.go.com/nba/story?id=1593267
They also paid the luxury tax last year. See? Teams do care about the luxury tax. Paying it is a sure means of losing money that year if you are a small market team, like Seattle. The good news for them is that they wont be paying it this year.
<div class="quote_poster">Quoting Vintage:</div><div class="quote_post">They also paid the luxury tax last year. See? Teams do care about the luxury tax. Paying it is a sure means of losing money that year if you are a small market team, like Seattle. The good news for them is that they wont be paying it this year.</div> hopefully...
i remember forte refused to go on the injured list so we could get reggie evans back off it after he was genuinely injured, and sesay, flip and booth all spent extended periods there. as for playoffs, it will likely depend on bones' knees and the development of collison and rid more than anything else, but it does look promising
