Nov 9, 2011, 7:03 PM EDT
It has been one of the more interesting sidebars to the entire NBA lockout:
From the start the NBA owners have said they lost $300 million last year, $400 million the year before and money pretty much every year in the past decade. The players and plenty of others have called that, um, well let’s say fertilizer. They note that the losses include debt service on loans to buy teams and when owners do things like own the arena and team there’s plenty of ways to have the money shift pockets.
When you tally the aggregate projected operating incomes of all 30 NBA teams, this yields a surplus of $182.6 million. Granted, Forbes may not be privy to all the financial data that ultimately determine a team’s financial position…and their estimates have come under scrutiny before for this reason.
But $482.6 million off? That seems a stretch. Even if Forbes’ operating income estimates are inflated by 25% (which I seriously doubt), you’re still looking at $137 million in aggregate profits.
I don’t think you’ll find anyone who isn’t paid to slide on an NBA uniform who didn’t think the old NBA Collective Bargaining Agreement needed changing. There were issues. But the idea that the owners needed to damage the game like this because of the massive financial losses they incurred remains questionable. At best. Which makes their hardline fighting all the more ridiculous.
- Report: Chicago Bulls give Jimmy Butler max qualifying offer 5
- Report: Dwyane Wade will not opt-in with Heat, to become free agent (as expected) 25
- Report: Knicks front runner to land Arron Afflalo (and Greg Monroe, too) 21
- Report: Luol Deng surprises Miami, opts in for 2015-16 season 26
- Report: Sense around league is Kevin Love will re-sign with Cavaliers 29
- Report: As deadline nears, signs still point to Dwyane Wade opting out, becoming free agent 39
- Report: Dallas most likely team to lure DeAndre Jordan from Clippers, Chandler Parsons already recruiting 24
- Report: Lakers would still trade D’Angelo Russell for DeMarcus Cousins straight up. Kings wouldn’t. 29