Bulls are raking in profits if not wins

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Location. Location. Location. And a favorable stadium deal.

In the world of profit and loss, the Bulls are your NBA champions. Last season, the Bulls made a profit of about $51 million. Over the last three years that sum is $165 million. Over the last decade the Bulls have made owner Jerry Reinsdorf $474 million in operating profit.

That is more than any team in the NBA. It is more profit than the Yankees made in the last decade. The Bulls may not have been a winner on the court since the Jordan era, but they have been a winner for Reinsdorf.

Doug Thonus over at Bulls Confidential took the time to compile the profit each team has made for the last 10 years — as estimated by Forbes, since the NBA owners won’t even show the Players Union the real books if they can help it — and the overall picture is that basketball remains a good business.

Especially if you are the Bulls, playing in a major market with a sweetheart stadium deal. Second on the profitability list over the last decade is the Lakers — which makes sense, not only is it another major market they have a lot of playoff dates to get extra revenue from. And a few titles to go with it.

Rounding out the most profitable team top 10 in the last decade is the Suns ($87 million the last three years, $275 million over 10), the Pistons ($126 million, $263 million), the Rockets, Celtics, Spurs, Clippers and Cavaliers.

Yes, Clippers. $140 million over the decade, about $10 million last year. It shows that market and keeping your payroll down matters more than winning.

The numbers also undercut the owners arguments of massive losses heading into the Collective Bargaining negotiations. No doubt, with his economy, team owners have been feeling the pinch the last couple years — Forbes estimates 11 teams lost money last season, and David Stern has said that more than half will this year and the owners will lose about $400 million total.

But over the last three years, nine teams have lost money, and the most lost was $46 million by Portland. In the past decade, seven franchises have not turned a profit — and they are some of the league’s worst-run (Pacers, Timberwolves, Nets, Bucks, Grizzles, Mavericks and Blazers).

Certainly the Mavericks are not poorly run, but don’t weep for Mark Cuban and his $154 million in losses in 10 years — these figures do not include the increase in the value of the franchises. That has steadily risen until the last couple years. Which is to say, the value of Cuban’s Mavericks has gone up a lot more than $154 million in the past decade. If he were to sell the team tomorrow, he would have made a net profit.

But not the kind of profit Reinsdorf makes.

Thompson’s playmaking a steadying force for defending champs

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OAKLAND, Calif. (AP) — Klay Thompson danced unabashedly in China after winning another NBA championship, and it got shared all over social media. He smoked a stogie on the rooftop, letting loose to reveal another side of himself.

“I didn’t plan for that video to go viral,” Thompson said matter-of-factly. “I was just having fun. I’ve always been myself and having fun while doing it and learning to enjoy every day, because it goes by so fast.”

Coming to that mindset, however, has been a process for the seventh-year Golden State guard, who acknowledges for so long he put extreme pressure on himself to be the best.

The quiet, more under-the-radar Warriors All-Star of the bunch, Thompson has provided a steadying hand early on for the reigning NBA champions who are favored to capture a third title in four years.

“I used to stress a lot more at the beginning of my career about my performance,” Thompson recalled. “Now, it’s not like I don’t stress, but I play more carefree and I’m more able, if I play as hard as I can I’m satisfied with the results. … I used to compare myself with all players and want to be the best so badly, but now it’s all about winning and having fun and realizing basketball is more of a team sport than anything.”

After a recent practice, Thompson dazzled right alongside a couple of visiting Harlem Globetrotters, spinning the ball on his finger, rolling it up and down his arms, off his knee and then a foot soccer-style before swishing a short jumper.

“I should’ve been a Globetrotter!” he yelled.

It’s a new look for this hang-loose, beach-loving Splash Brother.

The approach is working for the Warriors.

“He still carries the threat. You have to honor him,” Orlando coach Frank Vogel said. “He’s great at making the right play. Their whole team is. I think he’s trying to fit in with their whole buy-in that ball movement and passing is greater than any one man carrying the bulk of it.”

Still, his numbers are stellar. Thompson has had a fast start this season, which previously hasn’t been the case.

Thompson credits the familiarity with teammates and a comfort in coach Steve Kerr’s offense.

“He’s taken another step in his game. Just the experience that he’s had in his career, every year he’s gotten better and I think this year he’s shown how at the end of the season he carried it over to the beginning of this year,” backcourt mate Stephen Curry said. “Historically he hadn’t started seasons well but this year he’s locked in. He’s obviously shooting the ball well and playing great defense, but I think the biggest thing is his playmaking in situations where he’s drawing a crowd. He’s making great decisions setting guys up and just playing under control for the most part this entire season.”

Life off the court is great for Thompson, too, and that helps him be stress-free on it.

Look closely, and it’s easy to see he has come out of his shell.

On a day off last week, he golfed a popular public course close to Oracle Arena. Thompson signed someone’s toaster last spring, and it became a superstition.

In July, he threw out the ceremonial first pitch at an Oakland Athletics game, then drove an IndyCar in September while serving as Grand Marshal of a series stop in Sonoma.

Thompson shares his training tricks on social media and posts photos with his bulldog, Rocco.

He recently donated $75,000 to relief efforts in the aftermath of the devastating Northern California wildfires, committing $1,000 per point for a three-game stretch during which he scored 69 points – but added to that total.

He is a spokesman for chocolate milk and an obscure – in the U.S. anyway – Chinese shoe company. He signed an $80 million, 10-year extension to wear the sneakers.

“Life’s good,” Thompson said. “I never thought I’d get paid millions of dollars to wear shoes and apparel. I’m very proud to be a part of Anta. … It’s so cool that I’m big in China. I never thought I’d be on billboards and posters in China.”

Thompson has found a balance during the offseason to stay sharp, mixing up his workouts with outdoor activities he enjoys.

“It took years for me to figure out how to prepare the best I can for the season. I finally learned in my sixth year,” he said. “You’ve got to stay in shape almost year-round because as you get older it’s harder to get back into shape. It’s easier to get out of shape than it is to get back into shape. I do other things besides basketball to stay in shape in the offseason. I think that just keeps my mind fresh.”

He hopes to do a formal swim from Alcatraz, or even a triathlon. He swims in the ocean – “my favorite place in the world” – whenever he can. Freestyle is his strength, butterfly not so much. He plays hours of beach volleyball or just throws the football around and runs routes through the sand.

At work, he has been a model of consistency. Thompson is determined to be a better passer, creating for teammates whenever possible. He also usually guards the opponent’s top perimeter scorer.

Thompson is off to his best shooting season ever, with career highs of 49.4 percent shooting from the field and 45.6 percent on 3-pointers.

“I think his playmaking has been the best it’s been in his career,” Kerr said. “He’s really doing a good job of putting the ball on the floor and moving it on, drive and kick game, finding the centers in the pocket for little floaters. … It’s been his best passing season so far.”

Thompson used to get teased for his lack of assists, and it remains a running joke.

“I got thick skin,” Thompson quipped, “honestly I don’t really care.”

That carefree approach has taken time, and the Warriors are better for it.

 

Report: Mark Cuban in process to buy Mavericks’ G-League team

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There will come a day, in the not too distant future, when every NBA team will have an owned and affiliated G-League team. It will be a place for them to develop young players — guys they drafted but need more run than they’d get in the NBA, guys on two-way contracts, and just players they like and want to give a chance. The NBA is more and more becoming a development league — and if the one-and-done rule is replaced with something akin to the baseball rule for players going to college, having a strong G-League team will matter even more.

Which is why the news that Mark Cuban is about to buy the G-League team already affiliated with the Mavericks makes sense. Marc Stein of The New York Times broke the news.

While the name of the guys signing the checks will change with the Texas Legends, little else will.

It’s just another sign of the future in the NBA.

Isaiah Thomas is up for a Cavaliers vs. Celtics playoff clash

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Isaiah Thomas says he has moved on from the trade this summer that caught him off guard, shipping him from Boston — where he was a fan favorite — to Cleveland.

Sort of. Like a lot of sudden relationship ends, Thomas says he’s moved on, but it doesn’t sound like he totally has yet. Look at what he told Sam Amick of the USA Today in an interesting Q&A.

“I’ve put it behind me, and I’ve continued to try to do that… But other than that, every day that I’m in the gym or that I’m on the court or in the weight room or doing whatever I have to do to get back to who I was, and get back to being 100 percent healthy, yes I do use it as motivation.”

Thomas has yet to set foot on the court as a Cavalier, spending the start of the season rehabbing a hip injury. He’s expected back next month.

It’s very early in the NBA season, we’re not at 20 games or even Thanksgiving yet, but it has become evident that the Cavaliers have some legitimate defensive concerns, and that the Boston Celtics are a legitimate threat to them.

That would set up a series between Thomas’ old team that he’s still a little angry at, and his new team in Cleveland. And Thomas is good with that.

“Oh, that would be lovely. That would be the story that God made, and it probably will work that way. It always does. It always works – I’m not going to say in my favor, but it seems to always work out no matter what the circumstance is. That would be a special moment. If they make it there, and we make it there, and then we clash, and then you never know what’s going to happen. But I’ll be ready for whatever happens.”

Not enough NBA players use the word “lovely” anymore.

But I’m with Thomas, I want to see that series, too.

Cavaliers’ Derrick Rose out two more weeks due to sprained ankle

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With Isaiah Thomas still rehabbing, the Cleveland Cavaliers have had to lean more on Derrick Rose at the point, when he is available (he’s only played in half of Cleveland’s games). More Rose has not been good for Cleveland’s defense, and it’s forced Tyronn Lue to play Kevin Love more at center just to have enough shooting on the floor, so there are driving lanes for LeBron James and Dwyane Wade.

Now we will have to see what Lue and the Cavaliers do without Rose for a couple more weeks. Rose will be out for a couple of weeks with his sprained left ankle, the team announced Friday afternoon.

“Due to continued symptoms, the ankle will be immobilized in a boot for the next week and he will also undergo an extended treatment process over the next two to three weeks.”

Rose has averaged 14.3 points on 47 percent shooting this season in Cleveland.

With Rose and Thomas out, Cleveland has gone with Iman Shumpert technically as the point, although LeBron handles the playmaking duties. He brings some size to the position, but he can’t defend quick point guards well (not that Rose could). This new lineup has won the Cavaliers a couple of games in a row, although that has been far more about their offense making runs rather than their struggling defense (last in the NBA) stepping up.

It’s been tough to get a feel for this Cavaliers team and what they really are this season, in part due to all the injuries. This simply adds to that mess.

The Cavaliers take on the slumping Clippers Friday night.