| Chicago Fanatics Message Board https://mail.chicagofanatics.com/ |
|
| Bulls' franchise value increases to $511 million https://mail.chicagofanatics.com/viewtopic.php?f=34&t=40433 |
Page 1 of 1 |
| Author: | kujoe_7 [ Thu Dec 10, 2009 8:50 am ] |
| Post subject: | Bulls' franchise value increases to $511 million |
Bulls' franchise value increases to $511 million December 9, 2009 5:05 PM By K.C. Johnson Here's more ammunition for Bulls fans upset that the team only has 13 players on the roster: Forbes Magazine released its annual NBA team valuations today and the Bulls rank third behind the Los Angeles Lakers and New York Knicks. At a time when Forbes said team values declined for the first time since it began tracking finances 11 years ago, the Bulls' value increased 2 percent to $511 million. The Lakers were valued at $607 million and the Knicks placed at $586 million. Forbes said the average team value dropped 4 percent to $367 million. Bulls fans have been critical of Chairman Jerry Reinsdorf for claiming he won't pay the league's punitive luxury tax for a non-title team and also for carrying just 13 players this season. Bulls officials say the latter is as much a basketball as business decision. The Bulls, who are roughly $1 million under the luxury-tax threshold, are keeping financial and roster flexibility available in case a trade presents itself in which the Bulls would be able to take back more players and salary than they send out. Alternatively, the Bulls expect to have ample salary-cap space next summer to pursue what most league observers call the best free-agent class in history. |
|
| Page 1 of 1 | All times are UTC - 6 hours [ DST ] |
| Powered by phpBB® Forum Software © phpBB Group https://www.phpbb.com/ |
|