Comments on: NBA owners not going to make profit this season, league says

By: southbeachtalent

southbeachtalent — Thu, 01 Mar 2012 17:56:03 +0000

You are correct, a lot of “creative accounting” goes into reaching those figures. I don’t care what anyone says, these guys are turning a profit. A billionare doesn’t get to be a billionare if he’s losing hundreds of millions of dollars.

By: lastdukestreetking

lastdukestreetking — Thu, 01 Mar 2012 15:38:17 +0000

Anyone who believes the owners financial numbers is an idiot.

By: rooney24

rooney24 — Thu, 01 Mar 2012 13:35:23 +0000

Oh my God! Is there an address where I can send a check? I feel so bad that some owner might slip from the ranks of billionaire down to only multi-millionaire. This travesty cannot be allowed to continue. Can Congress please get to work on bailing them out, like they did with the car makers and financial companies? If Congress can’t prevent billionaires from losing money, how will they ever get more lobbyist money from other billionaires? Our entire political system is at stake here.

By: glink123

glink123 — Thu, 01 Mar 2012 13:00:53 +0000

Hey, genius. Nobody has EVER forced an owner to give out a contract against his will.

By: iplaybad

iplaybad — Thu, 01 Mar 2012 11:16:11 +0000

The NBA will contract before it will ever fold. Since the NBA’s voodoo math doesn’t seem to add up ever, I won’t hold my breath…..

By: bearsstillsuck

bearsstillsuck — Thu, 01 Mar 2012 08:37:37 +0000

You guys will feel bad when they keep losing money then have to fold the league. This eventually will happen in all sports; players prices can’t keep going up at this rate, they’re up too much as it is. In fifty years, I think things will have to change drastically, for players and owners.

By: diegosegui

diegosegui — Thu, 01 Mar 2012 06:36:49 +0000

Dirty liars or inept idiots?

By: glink123

glink123 — Thu, 01 Mar 2012 05:53:45 +0000

Only in the USA do you find a company that generates $3 billion dollars annually, selling a product in which they control a nearly-global monopoly, while they claim more than half of their franchises are losing hundreds of millions of dollars per year. Name one other corporate industry where the CEO isn’t fired in a heartbeat? Yet this CEO (David Stern) is worshiped by league ownership? Imagine if Exxon or BP were losing billions of dollars annually operating their oil empires. Very unlikely that they would keep their CEOs for 25+ years. Stern is a pathetic liar.

By: deadeyedesign23

deadeyedesign23 — Thu, 01 Mar 2012 05:18:03 +0000

So I'm supposed to feel bad because they're not turning a profit because they lost 200 million dollars because of a lockout they wanted?

By: pudgalvin

pudgalvin — Thu, 01 Mar 2012 04:04:03 +0000

A good start on that would be me being able to see a game like Philly/OKC. Couldn’t believe that game wasn’t on anywhere tonight. My options after my Bulls are generally the Celtics, Lakers and Heat. They might be able to market teams like OKC better if they were on TV once in a while.

By: philliphernandez

philliphernandez — Thu, 01 Mar 2012 02:46:44 +0000

“Now, if we’re having this same discussion if five years, if the league can’t turn all those additional eyeballs into profits, then they are doing it wrong.”

Hit the nail on the head there Kurt.

By: kinggw

kinggw — Thu, 01 Mar 2012 01:32:41 +0000

I dont believe the owners’ math. Even if they are losing money, are we really supposed to feel sorry for multi-millionaires who are “losing money” on their toys.

By: natsattack

natsattack — Thu, 01 Mar 2012 01:29:57 +0000

Good