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NBA team profits
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djsunyc
Posts: 44929
Alba Posts: 42
Joined: 1/16/2004
Member: #536
3/4/2010  11:06 AM    LAST EDITED: 3/4/2010  11:06 AM
these are the team profits in the millions over the past 10, 3 and 1 years...

the bulls have a sweet stadium deal so they are far and away the most profitable team. but i'm surprised to see dallas so low.

11 of the 30 teams lost money last year and 7 of the 30 have lost money over the past 10 years. no wonder they are begging for a new CBA.


Team 10 Yr 3 Yr 1 Yr
Bulls 474 165 51
Lakers 373 131 51
Suns 275 87 21
Pistons 263 126 42
Rockets 199 91 30
Celtics 165 51 13
Spurs 141 54 19
Clips 140 31 10
Cavs 127 50 5
Wizards 113 32 5
Raptors 109 75 18
Heat 104 25 8
Jazz 85 23 8
Knicks 80 9 21
Kings 62 25 -3
GSW 55 26 12
Hornets 49 13 0
76ers 45 5 8
Hawks 42 15 -2
Magic 26 9 -2
Thunder 12 -2 13
Nuggets 10 -26 5
Bobcats 7 -5 -15
Pacers -8 -23 -16
Min -9 -15 -7
Nets -36 -16 -14
Bucks -47 0 -7
Memphis -99 -21 -7
Dallas -154 -33 -17
Blazers -259 -46 -20

http://www.chicagonow.com/blogs/chicago-bulls-confidential/2010/03/2000-2009-chicago-bulls-a-dynasty-of-profits.html#more

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VDesai
Posts: 43296
Alba Posts: 44
Joined: 10/28/2003
Member: #477
USA
3/4/2010  11:36 AM
Mostly teams in bad markets that are losing money. Dallas has histrically paid a lot to its players and coaches and has one of the higher salary numbers in the league (thus incurring a lot of luxury tax). The Knicks should start making a ton more money now that their salary/luxury tax number is no longer as ridiculous. If they actually get good they should be in the 50 range like the Lakers and Bulls.

The Blazers over the last 10 yrs had an up cycle with a lot of expensive players but then went into a bad down cycle with the high salaries- combine that with a bad market and they are in bad shape on this list. Kings have a similar issue I think.

fishmike
Posts: 53902
Alba Posts: 1
Joined: 7/19/2002
Member: #298
USA
3/4/2010  11:38 AM
I remember looking at these type of #s with baseball.

They show a very small part of the picture. Also, one of the things that isnt factored in at all is the value of the franchise. If you bought a franchise for $200mm 10 years ago and now its worth $450mm and you operated at loss of $5mm a year can you really sit here and cry about not making money?

Cuban's payroll has been ridiculous for awhile, but that franchise was a joke when he bought it and the Mavs are a pretty valuable commodity right now.

Lets also remember that a lot of these owners are perfectly happy operating at a loss because of the tax write off and it can balance other business costs.

A guy thats dumb is someone like Jordan, who probably thinks he's going to make money by owning a team. Sports franchises are rarely big money makers. They are more investments and part of a bigger portfolio. Unless your someone like George buying the Yankees... but thats the exception.

NBA owners are the richest people in the world. Waaaa.... go buy something else for a half a billion if you dont like the CBA.

The NBA makes money, and its the players that fill the seats. This is why I am I think baseball has it right. People dont pay for George. The pay to see Arod and Jeter and Cc, etc.

I find it puzzling that athletes are so criticized for their money. They are entertaining us. Nobody cares that Tom Cruise makes $20mm a movie, of that Bono has made a billion dollar playing music and singing about Irish politics. If you dont like it dont see the movie, buy the album or go to the game.

NBA owners have a fair CBA. If anything they should dump the cap, enforce a tougher luxury tax and extend rookie contracts a year

"winning is more fun... then fun is fun" -Thibs
NBA team profits

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