The Wizards lost $13 million this past season

Jesus Shuttlesworth

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Mickey Arrison said owning an NBA team is a hobby, not a business. These guys are all billionaires outside of basketball, so they don't depend on their teams to :eat:. Heat lose money every year. Look at Donald Sterling, he still wants his team even though he's being offered 4x its worth. It's not really about the money at that point. It's about being 1 in a fraternity of 30.
 

FAH1223

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Mickey Arrison said owning an NBA team is a hobby, not a business. These guys are all billionaires outside of basketball, so they don't depend on their teams to :eat:. Heat lose money every year. Look at Donald Sterling, he still wants his team even though he's being offered 4x its worth. It's not really about the money at that point. It's about being 1 in a fraternity of 30.

The Heat were in the luxury tax the past few seasons though so it makes sense...

 
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