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View Full Version : Exec: '5 To 7' Teams Are Profitable



JordansBulls
10-26-2008, 01:33 PM
Source: Newsday (http://www.newsday.com/sports/basketball/ny-spstern245895708oct24,0,3206907,print.story)




That executive said only "five to seven" NBA teams are profitable and raised the possibility of a lockout in 2011 if teams face more strain than Stern predicted. "You're going to have owners pushing for a better deal," said the executive, who spoke on condition of anonymity. "This is one of the years the NBA is worried that overall revenues may be a little bit down."

A Forbes magazine analysis last December showed that 20 of the 30 NBA teams were making a profit. Stern estimated yesterday that a more accurate figure is about half, and said the league's ongoing system for monitoring teams' debt obligations has revealed nothing alarming.



Don't tell me another freaking lockout
:mad:



This was the profits in 2007

Source: Forbes (http://www.forbes.com/lists/2007/32/biz_07nba_NBA-Team-Valuations_Income.html)



Rank Team Current Value 1 ($mil) 1-Yr Value Change (%) Debt/Value 3 (%) Revenue 4 ($mil) Operating Income 5 ($mil)
3 Chicago Bulls 500 9 11 161 59.3
4 Detroit Pistons 477 11 0 154 39.2
8 Phoenix Suns 449 10 39 145 37.3
7 Cleveland Cavaliers 455 20 44 152 31.9
2 Los Angeles Lakers 560 -2 15 170 31.8
5 Houston Rockets 462 5 15 149 29.7
14 Toronto Raptors 373 18 44 124 28.8
12 Sacramento Kings 385 2 22 128 20.5
11 Boston Celtics 391 6 46 117 18.3
9 Miami Heat 418 2 42 131 17.9
10 San Antonio Spurs 405 4 14 131 15.5
15 Washington Wizards 348 4 48 112 11.6
27 New Orleans Hornets 272 10 55 91 10.2
24 Los Angeles Clippers 294 3 0 98 9.8
26 Atlanta Hawks 286 4 25 95 9.7
16 Utah Jazz 342 15 5 114 5.7
25 Charlotte Bobcats 287 4 52 93 5.3
19 Orlando Magic 322 14 19 92 4.6
29 Milwaukee Bucks 264 1 21 88 1.7
21 Golden State Warriors 309 16 24 103 1.3



Those were the franchises that had a + in Operating Income.

JOSETHEALLSTAR
10-26-2008, 01:38 PM
what is this about ?

lakers4sho
10-26-2008, 01:43 PM
what is this about ?

about which teams are making a profit or actually losing money...

l GeArs l
10-26-2008, 01:49 PM
Dam it would suck if we have another lockout. And the funny thing is that the NFL might have one in a year or two as well.

AIMelo=KillaDUO
10-26-2008, 01:53 PM
No lockout please~!!

SteveNash
10-26-2008, 02:00 PM
You also have to realize that 3 teams that have rich owners that don't mind burning away money in Paul Allen, James Dolan, and Mark Cuban.

You also had the Pacers and Nuggets being way above the luxury tax threshold in the past. Though they both want to have a young movement right now.

That leaves the Grizzlies, yeah they're horrible.

Sonics/Thunder which should see a boost from the move, plus the rise in their young talent.

76ers who are also should be on the rise this year.

Timberwolves, they're only slightly better than the Grizzlies.

And the Nets who got rid of Kidd's horrid contract and will eventually move to Brooklyn.

This is just the owners trying to paint a picture about how cash strapped they are which is just a joke.

_Sn1P3r_
10-26-2008, 03:15 PM
Wait so if the teams are on that chart above, is that good or bad?

Afridi786
10-26-2008, 03:19 PM
It's funny that our owner has the most profitable team yet refuses to go into the lux tax or spend money to win rings.

ARMIN12NBA
10-26-2008, 03:25 PM
It's funny that our owner has the most profitable team yet refuses to go into the lux tax or spend money to win rings.

Nevermind.

JordansBulls
10-26-2008, 04:27 PM
It's funny that our owner has the most profitable team yet refuses to go into the lux tax or spend money to win rings.

This is the same guy who said he would trade all 6 Bulls titles for 1 title for the White Sox. He focuses his money on the Sox not the Bulls.

Reinsdorf said he will pay the luxury tax when the team is a contender, not beforehand.

_Supreme_
10-26-2008, 04:29 PM
Some European teams will jump on this if a lockout does happen (which doesn't have to of course).

b_rad23
10-26-2008, 05:46 PM
Everything will be down at least a couple more years. I hope they can hang in there.

Draco
10-26-2008, 07:28 PM
It's funny that our owner has the most profitable team yet refuses to go into the lux tax or spend money to win rings.

Reinsdorf has one of a handful of teams that's profitable at all.................

SteveNash
10-26-2008, 09:43 PM
Some European teams will jump on this if a lockout does happen (which doesn't have to of course).

Not really, some players tried to go to Europe in '98, they tried to sue the NBA to get releases from their contracts.

The only ones who might benefit are free agents but I don't know how heavily Europe would want to invest in a bunch of players who may just be 1 and done in a bad economic time for Europe.

KG#1
10-26-2008, 11:14 PM
this year will be good for income because lots of teams are competative - ordinary fans want to see their team win

JordansBulls
10-27-2008, 12:13 AM
this year will be good for income because lots of teams are competative - ordinary fans want to see their team win

Not when you are paying the luxury tax.

DreamShaker
10-27-2008, 01:07 AM
The thing about a lock-out is it loses money for the owners....and if the economy is bad....why would they give up all that profit???