Comments on: Nets worth 60% more in Brooklyn, may turn profit this season

By: yousuxxors

yousuxxors — Fri, 24 Aug 2012 17:42:19 +0000

the knicks will never be the clippers sorry

By: BigBeachBall

BigBeachBall — Fri, 24 Aug 2012 06:04:34 +0000

the knicks will turn into the New York version of the clippers…

By: lakerluver

lakerluver — Thu, 23 Aug 2012 22:47:08 +0000

Whoopie doo, now win a championship!!

By: kvanhorn87

kvanhorn87 — Thu, 23 Aug 2012 22:11:25 +0000

A 10% profit margin sucks plain and simple. When you risk that kind of money is it worth it? Of course

By: sirclutch

sirclutch — Thu, 23 Aug 2012 22:09:34 +0000

There are various ways they could have increased their operating costs by that amount. The first one being player salaries…I haven’t looked at their payroll last year but they’ve taken on Joe Johnson’s deal, signed Brook Lopez, Gerald Wallace, and Deron Williams to big deals. The second is rent or depreciation expense, which is likely considerably higher with the new arena. The third is marketing expenditures…they have been promoting a ton for this team.

By: imthedudedude

imthedudedude — Thu, 23 Aug 2012 22:07:55 +0000

C.R.E.A.M.

By: fm31970

fm31970 — Thu, 23 Aug 2012 22:00:20 +0000

They took on Joe Johnson’s contract.

By: kvanhorn87

kvanhorn87 — Thu, 23 Aug 2012 21:56:09 +0000

Help me with the math here:
The Nets are projected to generate $140 million in revenue and earn between $10 million and $15 million in profit, a source with direct knowledge said. Last year, the NBA franchise took in half that amount and lost nearly $30 million

That means last year cost 100 mill to run team brought in 70 lost 30
This year brings in 140 mill and makes 10-15 mill.
So their operating costs went up 25-30 mill? Considerably more risk just to make 10-15 mill