"Significant number of teams losing money" - Adam Silver

[Danny Up]

Losing money can mean a lot of things.

Lasteyear I made 800million,
The year before that I made 810million
The year before that I made 812million

I lost money.

Or this year I made 850 million but I had to payout 170million
last year Ii made 775 million and only paid out 80mill

I had more money coming in, but had more money going out.

 

[Th3G3ntleman]

lol @ the thought of greedy cac owners staying as owners if it was actually losing them money. This is PR shyt to have cac fans turn on the players as they always do when the lock out finally occurs. This shyt is tired as fukk.

 

[tremonthustler1]

There's only so many cities they can use. NBA can only really use Vegas and Seattle. Once those cities get teams they lose their bluff leverage. Same with the NFL and LA. I know they got their "market research" but they're idiots if they think they can move the Jaguars to LA and it'll work. The Niners got called by SF and now they're in Santa Clara with an college looking stadium and no parking for anyone that ain't a resident.

But Vegas is NEVER getting a team and Seattle's a good 20 years away from landing one

 

[LastEmperor2k2]

Makes sense to me, I hear of promotions where teams are giving away tickets when you buy a carton of milk.

It's a top heavy league, once you get out of these 10 teams that make dough, you got a sport that has too many teams who have ZERO chance of winning the title and no reason for the fans to show up but to see a visiting teams star.

 

[duckbutta]

Claim your losing money when you gave out over 2 billion dollars in salaries over a 48 hour period brehs

 

[NYC Rebel]

Reminds me of when Goodell cried poor a year before the CBA ended, gutting NFL Films and cutting his salary to $1 in order to cut costs.

 

[MikelArteta]

 

[lamont614]

You can't really knock Silver or the owners, they are looking out for their own self-interest. What I take issue with is the fans who hop on the "greedy players/you get millions to play a game/at my job" bullshyt and don't realize that the owners are the ones the vitriol needs to be pointed at. The owners are the ones charging the exorbitant ticket prices. They are the ones pimping cities for public funds. They are the ones getting billions to watch people play a game. But just like clockwork a bunch of cats making $25,000-$50,000 a year will completely ignore this and side with them and even more concessions will be made. The reality is millionaires who depend on this league to get their money cannot even begin to try to play chicken with billionaires who look at this shyt as a side hustle.

because the players are black

 

[Frump]

Some of the smaller market teams signed very small local tv deals and have shyt attendance

 

[Frump]

Reminds me of when Goodell cried poor a year before the CBA ended, gutting NFL Films and cutting his salary to $1 in order to cut costs.

The nfl is a different animal it's so successful as a league and every franchise that it's offensive for the commissioner to have said that

The NBA has a few small market franchises that are not doing well

 

[JetLife]

I'll leave this right here

http://www.forbes.com/nba-valuations/list/

and screen capped for posterity when they cook books next year imgur.com/BJ6LZwU

Note:

1. Every teams valuation jumped on the order of magnitude of ~50% at the minimum from the Clippers sale. So even at the lowest end, teams like the Bucks and T'Wolves added 300m of paper money/valuation. On the upper end, big cities got 1b of paper money/valuation added.

2. Only one team (The Nets) had a negative operating income. Every team made money after expenses taken out. We all know why the Nets lost money (Proko don't care and Billy Kang), every team has been in a healthy operating income the past 2 years.

So ... where is this coming from?

Oh wait, that's right ... Owners know the cap will jump to 80m and then 100m, so every owner will splurge into luxury next year knowing the cap going up won't make them repeat offenders and also these contracts will be value contracts once it shoots up again.

They will also randomly spend in other areas to drive operational costs up (we need to redo the team plane! We need a new jumbotron and to redo the luxury boxes! We had to spend on trips and dinners for FAs!) to push them into a negative operating income for one year so they can have fake numbers for a lockout. But, these are all one year sunk costs.

Can't wait for the narrative to be Nerlens Noel is making 100m! and not "why do these owners only seem to have a negative operating income right before a lockout and operate at a profit the other years?"

 

[Birnin Zana]

Open the books then...open em'

Nuff said

 

[MIAlien]

If you read the article, Silver is saying a lot of these things are self-inflicted wounds. Why should the players have to subsidize the inept owners that can't keep from making stupid decisions with their $ in terms of operating costs?

If certain teams aren't profitable, then they should look into relocating them, retracting them, or forcing a sale to a better owner.

Another thing I don't get is why teams don't build bigger arenas. I'm sure plenty of teams could get more than 19,000 in attendance each game.

 

[NYC Rebel]

The nfl is a different animal it's so successful as a league and every franchise that it's offensive for the commissioner to have said that

The NBA has a few small market franchises that are not doing well

Steve Sabol deserved better before he passed.

 

[RickyGQ]

I gotta hope that these athletes (Chris Paul and Lebron) are much more savvy today than the athletes of past and actually hold their own in this labor dispute.