RealGM

http://www.realgm.com/src_wiretap_archi ... ing_money/

That's for everyone that claims Sarver is too cheap.

And? That doesn't excuse the fact that he sold our draft picks like candy.

Boo frickin hoo, you're not going to make a profit this year. Maybe you should've thought of that when we still had Nash in his prime, or when you refused to budge 5 mill on JJ's contract extension(I think JJ wanted 50, Sarver only offered 45).

I'll believe that he's really committed to winning regardless of the cost if we ever use our MLE.

that's what happens when you have only 2 playoff home games instead of 14-15 like boston did.
That's at least 10-15M$ more in revenues.

and i think there's no profit because he calculates the debt payments as losses, and if you don't count them the suns are in nice profits.

skEwb wrote:/

That's for everyone that claims Sarver is too cheap.

I knew there would be a thread on this article. I can't believe anyone would believe anything that toolbag Sarver has to say about the team finances or that he's commited to spend to win. Forbes listed the Suns as the most profitable 2x since he took over the team and 2nd most profitable another. Yet Sarver whines about having small market revenue.

This is a guy that traded 2 rotation players and 3 1st round picks for cash(in one offseason!). And that was from the Suns team that had the best chance of winning the title. It so completely obvious that profit margin is by far the top priority of Suns ownership that to claim otherwise is laughable.

how many teams actually make a profit?

I thought owning a sports franchise is just a tax writeoff?

and if sarver truly meant that then he would have used the MLE on posey, maggette, or someone like that

skEwb wrote:http://www.realgm.com/src_wiretap_archives/53855/20080803/suns_owner_okay_losing_money/

That's for everyone that claims Sarver is too cheap.

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Main Entry: gull·ible
Variant(s): also gull·able \ˈgə-lə-bəl\
Function: adjective
Date: 1818
: easily duped or cheated

chrice wrote:

skEwb wrote:http://www.realgm.com/src_wiretap_archives/53855/20080803/suns_owner_okay_losing_money/

That's for everyone that claims Sarver is too cheap.

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Main Entry: gull·ible
Variant(s): also gull·able \ˈgə-lə-bəl\
Function: adjective
Date: 1818
: easily duped or cheated

Have you ever run a business? Do you have any business experience?

How do you think the players get paid, you think the millions come out of thin air?

Revenue is generated from merchandise and ticket sales. As a business owner he must make the right decisions to always be profitable and keep making enough money to keep paying players.

If you don't like his money saving decisions go start your own NBA team, lets see how you do.

Ballboy please...

That was lame PHXfan85! Ballboy??? What is this, grade school?

I never thought Sarver was cheap, but I never said he was a Mark Cuban or Dolan type of owner. He dropped 400 mil to buy the franchise, and another 100+ million to Nash and Q. That is a hell of a lot of money. None of us on this forum most likely will not see that kind of money (well, outside of SDU of course).

The thing is, he did lose money b/c of a short playoff run. Last year, he could have made a profit if the team did not get screwed against the spurs. So it pays to go over the cap if you go all the way. If your over the cap, you lose big time. The other owners who are under the cap, the the lux tax from the teams over the cap. That sucks. It is also one of the biggest tax, dollar for dollar match. That is a big hit.

But for sarver to come out and cover his a** and say he is willing to spend to win, and that he has lost money is a horrible statement by him. Yes, he is the finial say, but his GM's of the past assisted, or presented some of these horrible ideas to cut cost.

Last, Jerry C bought the franchise for 44 million, and sold it for 400 million. He has in no way come close to what Sarver has paid in salaries. Yes, the lux tax has gone up, but even % wise, he has not spent as much as he has.

I agree, you're being gullible. That is just something a owner has to say. There may be some truth to it, and/or it may be completely true, but still doesn't make up for the cheapness in negotiating JJ's contract and selling those picks. Then again, the Sergio Rodriguez sell was smart, and he DID take on Shaq's horrendous contract... so can't really complain. Only thing I hate that he did was the Rudy Fernandez pick sale. If we kept him, imagine the possibilties.

Yeah Sarver is not cheap, he's made stupid moves but he's not straight up cheap. BUT if you're gonna come out and say you are willing to pay to win, might not wanna do it after weeks of the Miami-esque "we will only talk to players who are willing to accept vet min" attitude. Just a thought.

A second thought...everyone gets all riled up about Sarver whenever things like this are brought up, but its a little ridiculous. Well I mean, yeah we've kept missing out on a ring but then again we all blame it on the refs, injuries, Mike D's depth issue anyway. Look at our team. If the squad we have right now does not win a ring, you can be damn sure its not because the FO's didn't put a solid team on the floor.

rsavaj wrote:or when you refused to budge 5 mill on JJ's contract extension(I think JJ wanted 50, Sarver only offered 45).

Haha, don't you love it when 5 mill is like $5.

yeah, i completely agree. even a minimum is what some ppl make in 10 yrs. 5mil is a helluva a lot of money.

skEwb wrote:
Have you ever run a business? Do you have any business experience?

How do you think the players get paid, you think the millions come out of thin air?

Revenue is generated from merchandise and ticket sales. As a business owner he must make the right decisions to always be profitable and keep making enough money to keep paying players.

If you don't like his money saving decisions go start your own NBA team, lets see how you do.

Well, this is also sport though, where winning means more than money to FANS. If his priority is not winning a title, then I've to ask why the heck he owns a sport team in the first place.

I realize we're already over the LT, and I've never said Sarver is cheap, however, he's definitely penny-wise, pound foolish and short sighted.....that's all I can say about Sarver's wallet perception.

You know a good way to fill out a bench with cheap contracts? Use your draft picks.

We took on one of the worst contracts in the league by paying Shaq 20 million a year. We shelled out 45 million to Boris Diaw after one good year.

Sarver, D'Antoni and Kerr dug their own grave on our salary cap situation. Why is Sarver constantly needing the fans and the media to feel sorry for him? It's getting old and pathetic. If you want to make a profit every year sell the damn team and do something else. He's not the only owner losing money every year but it seems like he's the only one we ever read complaining about it. Should we just pack Amare's bags for him after we refuse to max him out now or wait until later?

Sarver is and always has been a banker. As such and as has been stated already, he is going to count the debt service into his profitability. Most anyone who has to spend that much money on a franchise leverages it using debt, regardless of how many Kerr-esque minority owners they have.

Every year, the Suns make great money on tickets, jerseys, advertising and so on.

Every year, Sarver dictates a certain amount of money go towards paying down the loan, both interest and principal. When he says he isn't making money, he is telling the truth.

What he isn't saying is how he is building equity in the franchise. That, my friends, is where the wealth gained and profit garnered from your Phoenix Suns goes... to build equity in a team that was fully levered when Sarver bought it.

Why?

So that when he sells it, he will check out with millions in equity instead of using the money to pay down a loan.

It is essentially like buying a house and paying down a mortgage. Except this house is supposed to win championships and everyone has opinions on how the house should look that, in their minds, supercedes your own opinion of how your own house should look.