Man the NBA salary cap is totally ludicrous.

[JetLife]

Upping this since the League/Owners already trying to protect revenue/profit by "smoothing" out salary cap increase as a result of the new TV Deal.

http://www.sbnation.com/nba/2014/10/6/6918587/nba-salary-cap-increase-tv-deal

In retrospect, if the 50/50 split of revenue continues (players gave 7% back), the owners basically took 1.8 billion from the players by fudging accounting numbers and locking them out.

I'll give Lebron this, he's aware, speaking up about this, and seems like he'll lead the charge to not let the players get raped in the next CBA

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The current CBA came to be in December 2011 following a 161-day lockout. The league claimed it was losing $300 million annually, with 22 of the 30 owners operating at a loss. The players accepted a new deal that gave them approximately 50 percent of the league's annual basketball-related income (BRI), a sharp decrease from the 57 percent they received from the previous CBA.

"The whole thing that went on with the last negotiation process was the owners was telling us that they were losing money. There's no way they can sit in front of us and tell us that right now after we continue to see teams selling for billions of dollars, being purchased for $200 million, [selling] for 550 [million], 750 [million], $2 billion," James said. "And now [Mikhail] Prokhorov is possibly selling his majority stake in the Nets for over a billion. So, that will not fly with us this time."
-----

 

[JetLife]

upping this thread in advance of the owner's cooking the books for the impending salary cap increase and triggering a lockout situation. Team Valuations at an all time high, signed the huge TV contract ... yet magically, teams just can't seem to make money?

So, you're telling me these self-made billionaires who needed to prove they had business acumen and accumulated assets/wealth in the order of hundreds of millions in liquid assets before they took ownership of teams ... suddenly don't know how to run a business?

I just hope the Player's Union is ready this time ... they need to tell players/agents to save one year of expenses ...

 

[sportscribe]

So, you're telling me these self-made billionaires who needed to prove they had business acumen and accumulated assets/wealth in the order of hundreds of millions in liquid assets before they took ownership of teams ... suddenly don't know how to run a business?

Tons of European soccer teams owned by billionaires are running at a loss and some are deep in financial debt. Some have even gone insolvent and sold their teams for pennies on the dollar due to mismanagement. This is what happens in a system with little regulation. What happens is that they tend to borrow money and saddle the debt on the teams. The team can increase in valuation while technically still not turning a profit due to loan repayments.

 

[Regular_P]

upping this thread in advance of the owner's cooking the books for the impending salary cap increase and triggering a lockout situation. Team Valuations at an all time high, signed the huge TV contract ... yet magically, teams just can't seem to make money?

So, you're telling me these self-made billionaires who needed to prove they had business acumen and accumulated assets/wealth in the order of hundreds of millions in liquid assets before they took ownership of teams ... suddenly don't know how to run a business?

I just hope the Player's Union is ready this time ... they need to tell players/agents to save one year of expenses ...

They're getting this bullshyt started early this time.

Gilbert better not be one of these crybaby owners crying poverty with the money he's shelling out this summer.

 

[Rigby.]

Should be fun to see the next lockout season
what a gift it was, seeing players roll in on Christmas rusty as hell

 

[onelastdeath]

Get money black man

 

[Codeine Bryant]

When was the last time a lockout happened and owners didn't take more money and control of a league?

Not a good sign for NBA players.

 

[threattonature]

upping this thread in advance of the owner's cooking the books for the impending salary cap increase and triggering a lockout situation. Team Valuations at an all time high, signed the huge TV contract ... yet magically, teams just can't seem to make money?

So, you're telling me these self-made billionaires who needed to prove they had business acumen and accumulated assets/wealth in the order of hundreds of millions in liquid assets before they took ownership of teams ... suddenly don't know how to run a business?

I just hope the Player's Union is ready this time ... they need to tell players/agents to save one year of expenses ...

Same shyt they did last time. There are always ways to cook the books. Silver knows the players are looking at how well the owners are doing from the last cap and ready to get something back after taking such a hit last time. So Silver already setting it up to say owners are taking a hit but willing to sacrifice and stay on the current deal for the good of the league.

 

[beenz]

upping this thread in advance of the owner's cooking the books for the impending salary cap increase and triggering a lockout situation. Team Valuations at an all time high, signed the huge TV contract ... yet magically, teams just can't seem to make money?

So, you're telling me these self-made billionaires who needed to prove they had business acumen and accumulated assets/wealth in the order of hundreds of millions in liquid assets before they took ownership of teams ... suddenly don't know how to run a business?

I just hope the Player's Union is ready this time ... they need to tell players/agents to save one year of expenses ...

man, if they don't quit lying. that is total

if these owners were losing bread, then teams like the bucks wouldn't be valued at like $1B if they get sold, and they wouldn't be spending money like it's going out of style. shyt is total nonsense.

all I wanna know is when is the next lockout gonna happen, cuz it's obviously inevitable.

 

[the kid]

The teams are creating "expenses" that are causing them to look as if they are losing money. The revenue generated by the league is at an all time high. Any serious businessman knows how to make the books look how they need to look. Its interesting that these same teams that are losing money are presented as financially viable when it is time to sell.