Post#1154 » by Fairview4Life » Tue Oct 11, 2011 5:36 pm
They are fighting to not be on the hook for owners' mistakes, or owner losses outside of basketball, or paper loss depreciation on an arena for the full value of the arena despite the city/state/province the arena is in covering a lot of the initial expense, or amortized player salaries from the time of purchase through 10 years (or whatever it is), or owners in protected markets not sharing some of their local TV revenue with smaller markets despite the need for a visiting team in order to play the game shown on local TV, or a zamboni, or owners who don't care about taking a loss but are included on the bottom line in order to make the number larger, or the owners using the team as their personal bank, or interest charges on the purchase price despite the players getting nothing out of a franchise sale (ie the owner buys the team predominantly on credit, claims interest on the balance sheet as a legitimate expense, uses that expense to claim an overall loss and demand concessions from the players, increases profitability while still owning the team on credit due to the players giving up a chunk of BRI, and then keeps the entire sale price of the team a few years later). But it's all GAAP! Yeah! Completely legit!
9. Similarly, IF THOU HAST SPENT the entire offseason predicting that thy team will stink, thou shalt not gloat, nor even be happy, shouldst thou turn out to be correct. Realistic analysis is fine, but be a fan first, a smug smarty-pants second.