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.

Bismack Biyombo says he wants to stay with Raptors, would take hometown discount

TORONTO, ON - MAY 15:  Bismack Biyombo #8 of the Toronto Raptors celebrates late in the second half of Game Seven of the Eastern Conference Quarterfinals against the Miami Heat during the 2016 NBA Playoffs at the Air Canada Centre on May 15, 2016 in Toronto, Ontario, Canada.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Vaughn Ridley/Getty Images)
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Bismack Biyombo made $3 million this season playing for the Raptors.

Next season he is going to make five times that or more playing somewhere. Biyombo is a free agent and the going rate could be $17 million a year.

After a breakout playoffs, Biyombo wants to stay in Toronto with the Raptors and would even consider a hometown discount to make that happen. That’s what he said on Sportsnet 590 The FAN’s Andrew Walker Show. Does Biyombo expect to wear a Raptors jersey next season?

“Honestly, I do. We still have some unfinished business. It was so much fun to see the team go from last year to this year making the Eastern Conference finals. Be it would be fun to go even further next season.”

The Raptors want to bring him back, but the salary cap makes it difficult. The Raptors do not have Biyombo’s Bird rights, so they need to use their salary cap space to re-sign him. The Raptors top priority is bringing back DeMar DeRozan (who will be a max or near max player), and remember they gave Jonas Valanciunas a four-year, $64 million contract extension last summer.

Would Biyombo be open to a discount to stay in Toronto?

“Yeah. Things can always be worked out. I’ve said that to my people, I’ve said that to Masai. When the right time comes I’d be open to figuring something out. At the end of the day it’s for fun, not money. It’s not always about money. Money is great, but at the same time I ask ‘how much fun am I going to have? The city is great, the team is great, and we’re winning.”

The question may be how big a discount are we talking about? Let’s say Team X does offer $17 million a year for four years, would Biyombo start at $15 million to stay? $13 million? Where is that number?

Next season Biyombo is going to make more money than he had in his entire NBA career up to this point. This is set your family up for generations money, and while the sentiment that the game should be for fun is what we as fans of the game want to hear, how much money would you leave on the table in his shoes?

With the Raptors talking about giving Valanciunas a bigger role in the offense next season, how much can they afford to pay his backup? Biyombo could be on the move.

 

 

Yet another report the Sixers leaning toward Ben Simmons with No. 1 pick

,FILE - In this Nov. 30, 2015, file photo, LSU's Ben Simmons looks to pass against the College of Charleston during the first half of an NCAA college basketball game at TD Arena in Charleston, S.C.  As the Southeastern Conference heads  into league competition, it remains tough to figure which teams stand as defending champion Kentucky’s biggest competition. Simmons ranks second nationally in rebounding (13.0) and fourth in the SEC in scoring (19.3).  (AP Photo/Mic Smith, File)
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This is about as big a secret as the In-n-Out secret menu at this point.

Since minutes after the Philadelphia 76ers won the NBA Draft Lottery, reports surfaced that GM Bryan Colangelo was leaning heavily toward taking LSU’s Ben Simmons with the No. 1 pick. Of course, Colangelo officially denies it because the league says he can’t (it wants drama). It doesn’t matter, the buzz around the league has not subsided, Simmons is the Sixers’ guy.

Here’s another report along those same lines, from Philadelphia Magazine.

In an interview with Howard Eskin on 94 WIP, Sixers president of basketball operations Bryan Colangelo admitted to knowing what he would do with the first pick if the draft were held today.

“Yes,” Colangelo responded. “I know what I would do today.”

As I reported over the weekend, multiple sources with knowledge of the Sixers’ thought process say it is LSU forward Ben Simmons who Colangleo is leaning towards selecting first overall in June 23rd’s NBA draft.

Simmons goes first to the Sixers, followed by Brandon Ingram No. 2 to the Lakers.

Then things get interesting with the Celtics and No. 3 and the Suns at No. 4.

After loss, Kevin Durant doesn’t sound like guy looking to bolt Oklahoma City

OAKLAND, CA - MAY 30:  Kevin Durant #35 of the Oklahoma City Thunder walks off the court after being defeated 96-88 by the Golden State Warriors in Game Seven of the Western Conference Finals during the 2016 NBA Playoffs at ORACLE Arena on May 30, 2016 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Robert Reiners/Getty Images)
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The conventional wisdom around the NBA shifted some as the NBA playoffs wore on, moving from “Kevin Durant is definitely in play” to “Kevin Durant likely stays with the Thunder for at least a year” as the Thunder kept on winning and came close to knocking off the Golden State Warriors. Where is he going to go and have a better chance at a ring?

Of course, when asked directly about free agency after the game, Durant would have no part of it.

“I mean, we just lost like 30 minutes ago, so I haven’t even thought about it,” Durant said. “I’m just embracing my teammates and just reflecting on the season. I’ll think about that stuff, I don’t know when. But we just lost an hour ago, 30 minutes ago, so I don’t know.”

But some of the other things he said over the course of the night sounded like a guy who is going to stay put. At least for now. There was this comment reflecting back on the season:

“I’m just proud of what all we’ve been through this season. We stuck together and we sacrificed for each other. That’s just what makes this game so special.”

Notice the use of the word “we.” He used that word a lot in his postgame press conference.

He used that word more speaking to Sam Amick of the USA Today a little later in the evening.

“We all grew up,” Durant said. “I think more than anything, we embraced the moment. We stayed in the moment every game. I’m more proud because most of these guys haven’t played in this atmosphere before.

“From (fellow free-agent-to-be) Dion (Waiters) to Enes to Andre, Steven – this is his first time as a starter playing, in this type of atmosphere as one of the main guys,” Durant said. “(Veteran) Randy (Foye) never made it to the Western Conference Finals, and he played a lot. Anthony Morrow had never made it to the playoffs, so I was just proud of how everyone just stayed in the moment and enjoyed it. That’s what I’m most proud of.”

And then, the curious kicker.”I see bright things for this team,” he added. “And it’s great to be a part of it.”

Once Durant’s emotions have settled after the loss, he may look at his situation and decide he does want to test the waters of free agency. There are no certainties in the NBA.

However, the sense around the league is that Durant will sign a two-year, one-plus-one deal with the Thunder, where he gets max money next season then can opt out again after one year (the kind of deal LeBron James did last summer). The reason starts with money. Durant’s max salary next season (whether with the Thunder or another team) will start at around $28 million a year, but if he signs a new contract in 2017 — after another salary cap bump and he gets 10 years in the league, so the percentage of his max deal goes up — his max would  start in the $37 million a year range. There’s a risk with a one-year type deal, but it makes a lot of sense because he will make a lot more money and get to make one more run at a ring with Russell Westbrook and the developing cast in Oklahoma City.

We will see what Durant decides, but the smart bet is on him staying in OKC for at least one more season.

In-flight meeting helped spark Warriors rally from down 3-1

OAKLAND, CA - MAY 30:  Klay Thompson #11 of the Golden State Warriors hoists the Western Conference Championship Trophy after defeating the Oklahoma City Thunder in Game Seven of the Western Conference Finals during the 2016 NBA Playoffs at ORACLE Arena on May 30, 2016 in Oakland, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Pool/Getty Images)
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OAKLAND, Calif. (AP) A heart-to-heart was in order.

As the Golden State Warriors made the long, frustrating flight home from Oklahoma City last week suddenly facing elimination, Draymond Green gathered with a few fellow starters at a table in the front of the plane to discuss how to get the defending champions back to winning – and fast.

No other choice to avoid a premature end to this record-setting season.

“We just kept talking about what we needed to do and what we were going to do,” Green said.

Somehow, six days later, the Warriors had won Game 7 with a third straight victory against the Thunder after falling behind 3-1 in the best-of-seven series. And they are headed back to the NBA Finals for a rematch with LeBron James and the Cleveland Cavaliers, the title defense still very much within reach. Game 1 is Thursday night on Golden State’s Oracle Arena home floor.

“We never lost confidence, and every game just played with fearlessness and that confidence that we could get back to the Finals however we had to get it done,” MVP Stephen Curry said after his 36-point performance in Monday night’s 96-88 clincher of the Western Conference finals.

“I knew we were ready for the moment. We were a mature basketball team that tried our best not to listen to the noise outside when six, seven days ago, we’re down 3-1, everybody thought the wheels were falling off and it was kind of the end of our run,” Curry said. “But in that locker room, the talk was positive. It was, `Let’s figure this out, let’s go out and take it one game at a time and claw our way back into the series and see what happens.’ We followed that kind of mindset these last three games.”

In the airplane sit-down, Klay Thompson was clear he could only focus as far ahead as winning Game 5 before shifting to think about how to win another one on the Thunder’s court. Golden State’s most steady player this postseason, he hit an NBA-postseason record 11 3-pointers for 41 points in a thrilling 108-101 Game 6 comeback, then another six on Monday night on the way to 21 points.

Even after two embarrassing, lopsided road losses at Oklahoma City that put the Warriors in a big hole, Green counted on them finding a way to come back. He believed it would happen, “Because once we figured something out, we can get it rolling.”

Those two defeats were by 52 combined points.

“We were not just down 3-1, we had gotten blown out two straight games,” coach Steve Kerr said. “So obviously everything started with Game 5, kind of rediscovering ourselves and our style. Then Game 6 was kind of magical. What Klay did that night, basically putting us on his shoulders and allowing us to have this opportunity tonight at home, it’s a pretty remarkable comeback and it shows a lot about our guys and their will and their grit.”

Green is the one who made it clear to Kerr the Warriors wanted to go for the regular-season wins record rather than resting down the stretch, and they topped the 1995-96 Chicago Bulls’ 72-wins mark.

This time, the animated, emotional swingman helped Golden State become the 10th team to win a postseason series after falling behind 3-1, and it did it against Kevin Durant, Russell Westbrook and the powerful Thunder.

“I think everybody will look at 73 wins and say, `Wow, this team never hit any adversity,’ but there is adversity in every season. It all comes in different forms,” said Green, who had 11 points, nine rebounds, four assists and two blocks. “But when you’re talking down 3-1, and everything’s on the line, that makes it 10 times worse. So it’s definitely the biggest thing that this team has had to overcome, and it took a great, tremendous effort and fight to overcome it.”

The Warriors now must figure out a way to pull off four more wins against James and the Cavs, who will be eager to change their fortunes following that 4-2 Finals defeat last June when Golden State captured its first championship in 40 years.

Kerr made the spot-on decision to move Andre Iguodala into the starting lineup for Game 7 to defend Durant, just as the Coach of the Year did during the NBA Finals last year when Iguodala earned Finals MVP honors.

“To have our back against the wall and do it three straight games is tough,” Iguodala said. “I’ll probably forget about it tomorrow morning because we really want to get another one. But it was good for us to have to battle like that. Hopefully it carries over and we can continue with that intensity we’ve had the last three games.”

Reserve center Marreese Speights offered his postgame insight on Twitter.

“Y’all never seen a 73 win team .. Y’all never seen a player win unanimous mvp… Hahha this story not over!! (hash)history (hash)believe.”