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View Full Version : Cleveland Cavaliers financially sound while numerous NBA teams are dealing with loss



JordansBulls
09-17-2009, 01:35 PM
Source: Plain Dealer (http://www.cleveland.com/cavs/plaindealer/index.ssf?/base/sports/1253176397171060.xml&coll=2)




The team is doing relatively well financially and officials are saying it is not planning any layoffs or salary reductions. In fact, over the past year the Cavs have been adding to their staff.

"We have been very fortunate, our fans have continued to show us tremendous support," said Len Komoroski, the president of the Cavaliers and The Q. "We have seen it in many different levels from record ticket sales, television ratings and Web hits."

Last season, 23 percent of the team's individual ticket sales came from out of state.

The Cavs are proving to be an exception. This week alone has provided significant poor financial news in the NBA.

The Miami Heat made it known that besides layoffs, their basketball operations staff all took large pay cuts - including six-figure reductions by team president Pat Riley and head coach Erik Spoelstra.

jacquewho?
09-17-2009, 04:19 PM
Yea, I know that if the Pacers don't have a financially good season, there is risk of the team being forced to move out of Indiana cause of their large debt.

JordansBulls
09-17-2009, 04:46 PM
Yea, I know that if the Pacers don't have a financially good season, there is risk of the team being forced to move out of Indiana cause of their large debt.

Which is sad because when you think of basketball Indiana comes to mind.

BkOriginalOne
09-17-2009, 04:53 PM
It's sad to see NBA cities forced out because of economic reasons.
Seattle, and now perhaps Indiania. Wow.
Payton is going to try to put a team back in Seattle, you think Reggie would campaign for Indiana.

BkOriginalOne
09-17-2009, 04:57 PM
It's sad to see NBA cities forced out because of economic reasons.
Seattle, and now perhaps Indiania. Wow.
Payton is going to try to put a team back in Seattle, you think Reggie would campaign for Indiana.

Harmonic
09-17-2009, 05:31 PM
hasnt indiana lost money 28 of the past 30 seasons?

Gibby
09-17-2009, 05:42 PM
just a general question. how is the nba doing compared to other major sports?

Afridi786
09-17-2009, 06:15 PM
Cleveland Lebrons, if he leaves, Cavs, Cleveland, Ohio, are going to be royally ****ed. Lebron's their entire economy.

Harmonic
09-17-2009, 10:31 PM
china is a big part of clevelands economic success