14 NBA Teams Lost Money During 16-17 Season

Scalabrine · Post #21 » by **Scalabrine** » Tue Sep 19, 2017 6:45 pm

Yeah, maybe in a black and white sense they "lost money" but, as a business man myself, there are plenty of ways to be profitable while still having the appearance of operating at a loss.

Cuban bought the Mavs for $285 million, now he's saying the the 2.2 Billion dollar purchase of the Rockets was a bargain.

I'm happy that the players are making these inflated salaries and I'm hoping that they don't budge too much next time the CBA discussions come around.

MaxRider · Post #22 » by **MaxRider** » Tue Sep 19, 2017 6:50 pm

stop overpaying then you won't lose money

Cycloneon · Post #23 » by **Cycloneon** » Tue Sep 19, 2017 7:21 pm

MaxRider wrote:stop overpaying then you won't lose money

Well the Spurs weren't over paying anyone last year and they were mentioned this article...

Hallstar · Post #24 » by **Hallstar** » Tue Sep 19, 2017 7:34 pm

Lazlo4D wrote:If the players demand all revenue to be shared then how about sharing the apparel and shoe contract money too. If they weren't playing in the NBA they wouldn't get squat from NIke, Adidas, Under Armour, etc.

cry me a river for the billionaires

MaxRider · Post #25 » by **MaxRider** » Tue Sep 19, 2017 8:01 pm

Cycloneon wrote:
MaxRider wrote:stop overpaying then you won't lose money

Well the Spurs weren't over paying anyone last year and they were mentioned this article...

LMA 20M
Gasol 15.5M (avg 25 mpg)
Parker 14.4M (avg 25mpg)
Ginobili 14M (avg 19mpg)

JonFromVA · Post #26 » by **JonFromVA** » Tue Sep 19, 2017 8:30 pm

Scalabrine wrote:Yeah, maybe in a black and white sense they "lost money" but, as a business man myself, there are plenty of ways to be profitable while still having the appearance of operating at a loss.

Cuban bought the Mavs for $285 million, now he's saying the the 2.2 Billion dollar purchase of the Rockets was a bargain.

I'm happy that the players are making these inflated salaries and I'm hoping that they don't budge too much next time the CBA discussions come around.

Yep, the league's greatest trick when they got the players to agree to a 50/50 split of the BRI was making everyone think owning an NBA team was about the profit/loss statement; rather than appreciation of team value, billion dollar side deals, depreciating players as if they were inventory, and tax write-offs for the owner's other businesses.

ace88 · Post #27 » by **ace88** » Tue Sep 19, 2017 9:05 pm

Adam Silver is the worst commissioner in sports. Besides getting too political with the All-Star game and setting a terrible precedent, he signed off on a deal that didn't fix anything....and now we have 4 or 5 teams with a chance at start of season and no one else. The guaranteed contracts, at least fully guaranteed, are a joke, and there are too many exceptions in salary cap rules which leads to the haves and have nots. NBA could be so much more popular if it was run well.

johnnyballgame · Post #28 » by **johnnyballgame** » Tue Sep 19, 2017 9:56 pm

Scalabrine wrote:Yeah, maybe in a black and white sense they "lost money" but, as a business man myself, there are plenty of ways to be profitable while still having the appearance of operating at a loss.

Cuban bought the Mavs for $285 million, now he's saying the the 2.2 Billion dollar purchase of the Rockets was a bargain.

I'm happy that the players are making these inflated salaries and I'm hoping that they don't budge too much next time the CBA discussions come around.

Being happy the players are getting a fair share from the owners is one thing, but being happy they are making 'inflated salaries' is another. Both the players and owners are both getting over at the expense of the fan. That's nothing to be happy about.

Milo1661 · Post #29 » by **Milo1661** » Tue Sep 19, 2017 10:13 pm

I don't get it. This is business. Aren't there supposed to be losers. Only 9 seems fine.

pwrshft99 · Post #30 » by **pwrshft99** » Tue Sep 19, 2017 11:12 pm

Hopefully the trend continues. Teams keep losing money and things will start to change. Ideally the league could lose 3-5 teams and put out a much better product.

ZeroTolerance · Post #31 » by **ZeroTolerance** » Tue Sep 19, 2017 11:24 pm

All I know is that I will never again be able to afford attending an NBA game in person...

It's just out of reach for anyone who is retired on a modest income and having to pay relatively expensive Medicare part B premiums..

Even buying ESPN service or NBA League Pass is out of the question for me....And if Comcast were to ever ask for a rate hike in order to pay their share of a new TV deal, then I'd lose those games too....

So it's really hard for me to have any sympathy for rich owners or max players who all want a bigger piece of the pie....You know?

The more they all fight over money, the more it impacts those who can't afford to attend games in the first place....It's never a good outcome for us....I don't care how you paint that picture....

The NBA better smarten up and offer unsold ticket discounts for selected games so that folks who are forced to live on a fixed income don't have to take yet another hit....Kids, military and seniors should be offered daily discounts as well....It's good business...

rammagen · Post #32 » by **rammagen** » Tue Sep 19, 2017 11:31 pm

pwrshft99 wrote:Hopefully the trend continues. Teams keep losing money and things will start to change. Ideally the league could lose 3-5 teams and put out a much better product.

this is spot on they expanded to markets who cant afford them and they overpay for poor players and the fans pay for it. Sorry but I agree they need to contract teams loosing money rather them move them around the country. The only place they should not have left was Portland.
I am not surprised by the teams lost money in the big market either The nets, and the cavs for instance. they overpaid but in the Clevelands place at least they won one and made the finals

Post #33 » by **Thugger HBC** » Tue Sep 19, 2017 11:46 pm

MaxRider wrote:
Cycloneon wrote:
MaxRider wrote:stop overpaying then you won't lose money

Well the Spurs weren't over paying anyone last year and they were mentioned this article...

LMA 20M
Gasol 15.5M (avg 25 mpg)
Parker 14.4M (avg 25mpg)
Ginobili 14M (avg 19mpg)

Parker and Ginobili have been on great deals their entire careers.

LMA is on a fair deal as well.

pau's deal he just got is a head scratcher though.

But anyway, there is no way for a small market to truly be profitable. They don't have the advantages of larger markets.

ChokeFasncists · Post #34 » by **ChokeFasncists** » Tue Sep 19, 2017 11:54 pm

Wow, even the Spurs are losing money, that's tough.

ChokeFasncists · Post #35 » by **ChokeFasncists** » Tue Sep 19, 2017 11:56 pm

rage2021 wrote:Lol Adam Silver is the biggest joke. He brought this upon himself. GSW debacle, superstar driven league, etc.

If I was 80% of the franchises (smaller markets) I would legit be pissed at the NBA/Silver. Whats the point in even trying, even if you try to put

a competitive product on the floor you still cant make a profit. What a joke. He deserves to be fired based on the owners losing money.

Really shouldn't have helped LBJ, creating the KD mess

SHO'NUFF · Post #36 » by **SHO'NUFF** » Wed Sep 20, 2017 12:05 am

Logos on jerseys should help them a bit now.

ChokeFasncists · Post #37 » by **ChokeFasncists** » Wed Sep 20, 2017 12:14 am

ZeroTolerance wrote:All I know is that I will never again be able to afford attending an NBA game in person...

It's just out of reach for anyone who is retired on a modest income and having to pay relatively expensive Medicare part B premiums..

Even buying ESPN service or NBA League Pass is out of the question for me....And if Comcast were to ever ask for a rate hike in order to pay their share of a new TV deal, then I'd lose those games too....

So it's really hard for me to have any sympathy for rich owners or max players who all want a bigger piece of the pie....You know?

The more they all fight over money, the more it impacts those who can't afford to attend games in the first place....It's never a good outcome for us....I don't care how you paint that picture....

The NBA better smarten up and offer unsold ticket discounts for selected games so that folks who are forced to live on a fixed income don't have to take yet another hit....Kids, military and seniors should be offered daily discounts as well....It's good business...

Yeah, this thing is ballooning, lucky we've got live stream now

Mascot · Post #38 » by **Mascot** » Wed Sep 20, 2017 12:41 am

Im sure if you looked at the books they made money.

Business losing money usually means that last year they made 350 million profit but this year they only made 345 million profit.

there was no money lost just profits were not as high so they claim they lost money.

haste10176 · Post #39 » by **haste10176** » Wed Sep 20, 2017 1:04 am

Milo1661 wrote:I don't get it. This is business. Aren't there supposed to be losers. Only 9 seems fine.

Yeah but it is a socialist regime not a captilist one so it does not exactly work.. Cavs losing due to paying luxury tax ok.. But Spurs losing money finishing second in the west and having only 1 star?

DEEP3CL · Post #40 » by **DEEP3CL** » Wed Sep 20, 2017 1:08 am

Pickled Prunes wrote:
Thatmetricsdude wrote:
flipside21 wrote:How much equity did they build in franchise value, though?

I bet they lost 12 million operating and made 50 in equity value.

No one is complaining too loudly.

Exactly, the article also did point out that non basketball arena income was not factored in. Given how many millions the concerts and events bring in, it's highly unlikely that any NBA team owner lost any money.

It is true that equity in the franchise is growing much faster than the teams annual loss. But you are assuming that the arena's are owned by the teams and this is not typically the case. Most teams have lease agreements with their arena. For example, the group that owns the LA Kings and the Galaxy owns Staples Center; The Clippers and Lakers Lease it. Taylor Swift coming to town doesn't benefit them at all.

*That's two Taylor Swift mentions in as many days... I'll try and keep it rolling.

The Lakers don't lease, AEG who's owner Philip Anschutz owns a stake in the Lakers. Only the Clippers lease Staples.