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Half the NBA teams lost money last year

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Big Chicagoan

Post subject: Half the NBA teams lost money last year

Posted: Tue Sep 19, 2017 5:02 pm

Joined: Sat Aug 21, 2010 5:02 pm
Posts: 11735
pizza_Place: Angelo's Pizza in Downers Grove

Including the World Champion Cleveland Cavaliers and San Antonio Spurs. If they can't make money now, they never will.

http://www.espn.com/nba/story/_/id/2074 ... n-now-what

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ToxicMasculinity

Post subject: Re: Half the NBA teams lost money last year

Posted: Tue Sep 19, 2017 5:14 pm

Joined: Tue Aug 30, 2016 9:50 pm
Posts: 6721
pizza_Place: Parts Unknown

Wow. To think the Rockets just sold for 2.2 billion right? Is this a possible bubble waiting to burst?

Does anyone else find it suspicious that ESPN publishes this sourcing confidential financial reports, after the perception lately is they drastically overpaid for NBA rights?

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Nas

Post subject: Re: Half the NBA teams lost money last year

Posted: Tue Sep 19, 2017 6:47 pm

100000 CLUB

Joined: Tue Mar 29, 2005 8:06 pm
Posts: 81466
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Funny math

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Regular Reader

Post subject: Re: Half the NBA teams lost money last year

Posted: Tue Sep 19, 2017 7:11 pm

Joined: Sun Nov 26, 2006 8:10 pm
Posts: 38609
Location: "Across 110th Street"

7 of the 9 losers were in the East. Including a great metropolis like Atlanta

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pittmike

Post subject: Re: Half the NBA teams lost money last year

Posted: Tue Sep 19, 2017 7:25 pm

Joined: Mon May 02, 2011 4:29 pm
Posts: 40820
Location: Everywhere
pizza_Place: giordanos

It should t be a surprise as the totals for tv that determine the cap and team building in value is not all in the yearly revenue to offset operating costs and salary.

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Curious Hair

Post subject: Re: Half the NBA teams lost money last year

Posted: Tue Sep 19, 2017 10:15 pm

Joined: Thu Nov 16, 2006 6:29 pm
Posts: 56483
pizza_Place: Lou Malnati's

Sounds like the notoriously "money-losing" Blackhawks.

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Beardown

Post subject: Re: Half the NBA teams lost money last year

Posted: Wed Sep 20, 2017 4:57 pm

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Joined: Thu Mar 02, 2006 4:29 pm
Posts: 34016

Nas wrote:

Funny math

Exactly. A lot of these owners put family members on the pay roll making 10 million a year. So if 5 or 6 of these people have these salaries for these phony jobs, they can technically claim a loss.

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badrogue17

Post subject: Re: Half the NBA teams lost money last year

Posted: Wed Sep 20, 2017 5:21 pm

Joined: Mon Jun 14, 2010 4:29 pm
Posts: 38889
pizza_Place: Lou Malnatis

Beardown wrote:

Nas wrote:

Funny math

Exactly. A lot of these owners put family members on the pay roll making 10 million a year. So if 5 or 6 of these people have these salaries for these phony jobs, they can technically claim a loss.

Sounds like Anthony Rizzo's cancer foundation

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Bagels

Post subject: Re: Half the NBA teams lost money last year

Posted: Thu Sep 21, 2017 8:34 am

Joined: Wed Nov 01, 2006 1:10 pm
Posts: 32114
pizza_Place: Milano's

badrogue17 wrote:

Beardown wrote:

Nas wrote:

Funny math

Exactly. A lot of these owners put family members on the pay roll making 10 million a year. So if 5 or 6 of these people have these salaries for these phony jobs, they can technically claim a loss.

Sounds like Anthony Rizzo's cancer foundation

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Half the NBA teams lost money last year

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