Stern: NBA lost $370 million this year

[dfuze]

And the upshot of disolving some of these low market teams is that the talent pool isn't as diluted. You have more players available and hopefully the remaining teams will have better players (who make less) since there is now as shorter supply of teams rather than players.

exactly, play with the supply and demand to get it to a closer equilibrium

 

[Firsttime]

The NBA's image took a nosedive in the late 90s/early part of the 2000s, thanks to the lack of character of many of its players and the stupidity of Stern. I think Stern might be the worst commissioner of the four major sports in the US. Goodell is by far the best and say what you will about Bettman, but at least he did what had to be done. Selig is just a big "meh."

I know nothing about any of the other commissioners, but Bettman is a class A asshat. I'm not surprised a lot of the NBA teams are having a tough time keeping up, it's salary structure seems to make it tough for the smaller markets to keep their franchise players. I know a lot of Raptors fans weren't very happy about how the whole Bosh thing ended up. When the smaller franchises turn into farm teams for the larger markets you have serious problems, the ticket holders aren't going to pay to watch a team in a permanent rebuilding phase.

 

[Fingolfin269]

Let my guess, every NBA team is to big to fail? :awe:

In some ways... yes.

 

[IndyColtsFan]

Let my guess, every NBA team is to big to fail? :awe:

Don't even get me started. We just bailed the freaking Pacers out. D:

They have the nicest arena in the entire NBA and were given all revenue from ALL events held there. They just had to pay operating expenses (roughly $15 million a year). Think that was good enough? Of course not! Now Indy is paying $10 million/year of the operating expenses and the Pacers still get to keep revenue from any event held in the building.

It is like one of the posters on the Indy Star forums said -- it is amazing that these owners made billions in their respective businesses, but give them a team and a rent-free arena and they can't make a dime.

 

[IndyColtsFan]

I know nothing about any of the other commissioners, but Bettman is a class A asshat. I'm not surprised a lot of the NBA teams are having a tough time keeping up, it's salary structure seems to make it tough for the smaller markets to keep their franchise players. I know a lot of Raptors fans weren't very happy about how the whole Bosh thing ended up. When the smaller franchises turn into farm teams for the larger markets you have serious problems, the ticket holders aren't going to pay to watch a team in a permanent rebuilding phase.

Bettman is an asshat, and it probably isn't totally coincidental that he came from the NBA. 🙂 However, at least he and the other owners stood their ground and he canceled the season rather than cave to the players.

Let's see if Stern will do that. He is probably too busy making the rounds in New York, Chicago, and LA (his obvious favorite teams) to give a damn.

I don't know what it is, but the NFL has always had great commissioners. Goodell is easily the best of the four major sports but you can make an argument that he is the worst of the NFL commissioners.

 

[dfuze]

Don't even get me started. We just bailed the freaking Pacers out. D:

They have the nicest arena in the entire NBA and were given all revenue from ALL events held there. They just had to pay operating expenses (roughly $15 million a year). Think that was good enough? Of course no! Now Indy is paying $10 million/year of the operating expenses and the Pacers still get to keep revenue from any event held in the building.

I know they claim doing it helps local businesses, but I doubt that much. This type of pandering to sports teams needs to end, but the teams realize no politician wants to be known as the guy who let the team go

 

[IndyColtsFan]

I know they claim doing it helps local businesses, but I doubt that much. This type of pandering to sports teams needs to end, but the teams realize no politician wants to be known as the guy who let the team go

There was a "study" commissioned which showed that the Pacers contribute $55 million per year to the local economy. The company that did the study also had some sort of ties to the Simons (owners of the Pacers) or the Pacers. I'm sure it was COMPLETELY unbiased, too.

Of course we just spent $800 million on a new stadium for the Colts too. But hey, at least they win. 😀

 

[zinfamous]

It was great at one point. Then it became nothing but the WWE. Its just HORRIBLE now.

this.

 

[zinfamous]

The NBA's image took a nosedive in the late 90s/early part of the 2000s, thanks to the lack of character of many of its players and the stupidity of Stern. I think Stern might be the worst commissioner of the four major sports in the US. Goodell is by far the best and say what you will about Bettman, but at least he did what had to be done. Selig is just a big "meh."

this is why I stopped following the NBA, and I pretty much agree with everything else here.

 

[dfuze]

There was a "study" commissioned which showed that the Pacers contribute $55 million per year to the local economy. The company that did the study also had some sort of ties to the Simons (owners of the Pacers) or the Pacers. I'm sure it was COMPLETELY unbiased, too.

Of course we just spent $800 million on a new stadium for the Colts too. But hey, at least they win. 😀

Sounds like a very credible report :hmm:

Yeah, but 800 million for between 8-10 games a year (depending on making the playoffs). I was glad when CT failed to get the Patriots for that reason, wasn't worth the cost

 

[IndyColtsFan]

this is why I stopped following the NBA, and I pretty much agree with everything else here.

No one wants to watch millionaire thugs play basketball and in their off times, do things like make videos about killing cops/people (I'm looking at you, Carmelo!).

I still remember a few years ago when Stern made a new rule to help clean up the league's image, and that rule was something to the effect that players had to wear shirts and ties when going to/from games (IIRC). No more baggy shorts, etc. That was an outrage! I still remember the idiot Marcus Camby stating "They need to pay for our suits or give us money to buy them!" It just goes to show how out-of-touch these guys are.

 

[IndyColtsFan]

Sounds like a very credible report :hmm:

Yeah, but 800 million for between 8-10 games a year (depending on making the playoffs). I was glad when CT failed to get the Patriots for that reason, wasn't worth the cost

Indy is a little unique. Not only will it host Colts games, but we're guaranteed a Final Four every 4 to 5 years and in the off years, we typically host the other rounds of the tournament. We had the Final Four this year and it was HUGE -- I went and couldn't believe the crowds.

I will give the Pacers some credit -- at least they did get rid of the thugs. Before that, it seemed like there was a weekly scuffle at the local strip clubs involving one or more Pacers.

 

[Mursilis]

I know they claim doing it helps local businesses, but I doubt that much. This type of pandering to sports teams needs to end, but the teams realize no politician wants to be known as the guy who let the team go

A-freakin'-men! I like sports as much as the average person, but the public is paying far too much to the owners for the supposed privilege of having a local team.

 

[Homerboy]

Indy is a little unique. Not only will it host Colts games, but we're guaranteed a Final Four every 4 to 5 years and in the off years, we typically host the other rounds of the tournament. We had the Final Four this year and it was HUGE -- I went and couldn't believe the crowds.

I will give the Pacers some credit -- at least they did get rid of the thugs. Before that, it seemed like there was a weekly scuffle at the local strip clubs involving one or more Pacers.

Good for Indy. However, those thugs and idiots just went to other teams and stayed in the NBA... all the while making millions.

 

[IndyColtsFan]

Good for Indy. However, those thugs and idiots just went to other teams and stayed in the NBA... all the while making millions.

Yes, and at least one of them plays for the Lakers (Artest).

 

[rcpratt]

how much less could you care?

6.7%

 

[ElFenix]

the historical accident of a group of 30 billionaires deciding to allow a local billionaire pay them a quarter billion dollars to accept a half a billion subsidy on a license to print money is not enough to make me a fan (how i feel about the houston texans).

the rockets have at least won while i was growing up. too bad the NBA's product is nearly unwatchable due to horrible officiating.


the NBA does have a problem when darko is getting $12,000 per point scored. that's more than kobe.

 

[Sureshot324]

Which is dumb as the people doing the lockout are the ones that are over paying. Same shit as hockey before they cleaned up.


If you don;t like people taking all your money then offer less. But if teams keep offering money why should they, the players, turn it down.

I know I will do my best to get every dollar I can. But my limit is what someone will pay me. If they pay more then they make then it sounds like the owners are the idiots here, not the players.
Let my guess, every NBA team is to big to fail? :awe:

Pure capitalism doesn't work in a sports league. You can't just not over pay your players, because other teams will, your fans will hate you for letting your best players leave, your team will suck, and you will still lose money.

This is exactly what a salary cap is supposed to avoid, and the NBA's soft cap is failing miserably. When teams can more than double the salary cap there are obviously too many exceptions.

 

[slayer202]

The NBA's image took a nosedive in the late 90s/early part of the 2000s, thanks to the lack of character of many of its players and the stupidity of Stern. I think Stern might be the worst commissioner of the four major sports in the US. Goodell is by far the best and say what you will about Bettman, but at least he did what had to be done. Selig is just a big "meh."

I strongly disagree. Selig is by far the worst. That league is garbage. Goodell kind of sucks too, the NFL makes some of the worst decisions. Stern appears to know what hes going, though that might include trying to influence the outcome of games/series...I think he has a lot more control than the other clowns

 

[IHateMyJob2004]

I'll watch teh NBA when they allow zone defenses. Till then, NCAA only.

 

[Jadow]

I wonder how much of this is phony creative accounting.

Like how the found that Harry Potter and the Goblet of Fire LOST money even though it made back like 6x its budget.

If its not creative accounting and they really are losing money, that's just plain stupid. They're clearly over paying the players then. And that's their own damn fault.

-- Edit I don't really get the NBA, 90% of the games are meaningless, over half the teams make the playoffs, and other than a few playoff games, it's really boring.

 

[SP33Demon]

I'll watch teh NBA when they allow zone defenses. Till then, NCAA only.

Uh, illegal defense has been gone for awhile now.

 

[Gibsons]

There was a "study" commissioned which showed that the Pacers contribute $55 million per year to the local economy. The company that did the study also had some sort of ties to the Simons (owners of the Pacers) or the Pacers. I'm sure it was COMPLETELY unbiased, too.

Good to know it still works.

 

[Miramonti]

I wonder how much of this is phony creative accounting.

Like how the found that Harry Potter and the Goblet of Fire LOST money even though it made back like 6x its budget.

If its not creative accounting and they really are losing money, that's just plain stupid. They're clearly over paying the players then. And that's their own damn fault.

-- Edit I don't really get the NBA, 90% of the games are meaningless, over half the teams make the playoffs, and other than a few playoff games, it's really boring.

Probably plenty. I'd also love to see it on a team-by-team basis, and see how much loss is from the mavericks and knicks.

 

[IndyColtsFan]

I strongly disagree. Selig is by far the worst. That league is garbage. Goodell kind of sucks too, the NFL makes some of the worst decisions. Stern appears to know what hes going, though that might include trying to influence the outcome of games/series...I think he has a lot more control than the other clowns

You might be able to argue that Selig is terrible (he is) and maybe even the worst of the bunch, but Goodell is leaps, bounds, miles, and light-years ahead of Stern. As I said, you might make the argument that Rozelle and Tagliabue were better than Goodell, but I find it inconceivable that anyone could rank Stern higher.

Stern's "power" might extend to influencing games/series as you state, but I hardly think that is indicative of a strong leader or is a level of "control" that others should envy or have. In reality, Stern has presided over a declining league that over-expanded and has no financial control, resulting in huge losses every year. If he had the level of control you claim, he should have seen this coming 15+ years ago and taken steps to avoid it. If he did take steps, he obviously didn't take the right ones. The NBA's "salary cap" is a freaking joke filled with loopholes and exceptions.

Other than the "No Fun League" stuff, I am not sure what bad decisions the NFL has made recently, except the recent move of the Pro Bowl before the Super Bowl. And for that, no one cares about the Pro Bowl anyway, so it wasn't a big deal.