NBA Owners & Profits

[NuggetsWY]

When the collective bargaining agreement is ready to expire, NBA owners have, every single time, complained they aren't making money. There's a fascinating article at
http://www.sbnation.com/2016/9/1/12748010/nba-owners-sale-cba-tv-contract-adam-silver
It explains the recent history of the prices franchise have been selling at and points out that while 4-6 years ago, franchises were selling; they are no longer selling. Why? Partly because of the economy. The article explains that somewhat.

It would have been nice if the article explored the relationship of all of that with the salaries of players. With the TV contract going up to close to three times the old contract, we are now seeing those record contracts. The CBA is about to expire. Can the owners complain they aren't making money? If there is an owner that is not making money, it is because they have made some very poor decisions. In the last CBA, the players gave up quite a bit after the lockout. The owners were claiming they would lose money even if they had a season, so they figured they might as well lose money by not having a season. This up-coming CBA, the owners can hardly claim that. It should be a fascinating negotiations and no, I do not believe the league nor the players' association when they claim they have the same goals and are having productive talks. Both sides play with levels of money that make monopoly games look like poverty level games.

[NuggetsWY]

I should have added, NBA owners act like their franchises are little toys and they have no self-control. That's why the salary cap was implemented - to prevent owners from over-spending. The players make too much today, but the owners are raking it in so fast they need accounts just to keep track of how many accountants they have.

It used to be rich folk bought sports franchises, knowing they'd probably lose money. They'd try to keep the loses as low as possible. These days, sports franchises are major money making machines. All because of the fans - who frequently get the shaft with price increases on seats and merchandise --- consider the prices on jerseys for example.