Owning an NBA Franchise no longer a license to print money.

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here was a time when owning and NBA franchise (or really most professional sports franchise) was seen as a can’t-miss proposition.

For a couple decades starting in 1980, the expansion of ways to make money on sports (fueled by the rise of cable television, new stadiums with luxury boxes and a society more accepting of advertising at every turn) meant that even if your team just broke even year to year on the balance books, the overall valuation of the franchise was skyrocketing. You just needed to hold on for a few years and when you sold you were paid handsomely, much more than you paid to own the team in the first place.

But with the value of NBA franchises so high now — there are varying reports depending on debt taken on, but the official value of the Bobcats purchase was $275 million — things are different now.

Henry Abbott has a fantastic post at TrueHoop, talking with George Postolos (who was in the running to buy the Bobcats and owns a consulting business to help people buy teams), and the upshot is that with the prices of franchises so high you get a different kind of buyer.

No question, but today in 2010, buyers are not looking for that as much. There’s a narrower set of considerations. But generally speaking, they’re looking for a good business with an opportunity to make money, in addition to those other considerations. That may not have been the case in a frothier environment, or when teams were less expensive. I mean, a lot of these families, the Millers in particular, when they acquired their teams the franchises didn’t trade for hundreds and hundreds of millions of dollars.

As the numbers have gotten bigger, a smaller set of investors are able to meet those requirements, particularly after what our economy has gone through over the last few years. Those people can be more discriminating, and they’ve become more discriminating, and they’re looking for a legitimate business with a legitimate chance of a return on their equity.

There’s still an upside case for sports franchises, but it depends on the particular situation, and it depends on skilled ownership and management. They’re more important than they’ve ever been.

Read the entire article, it’s a fascinating insight into team ownership today. It’s still a money making venture, but now you have to be smart. You can’t just coast to profits.

Stephen Curry’s 32 lead Warriors over Rockets 113-106

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HOUSTON (AP) Stephen Curry scored 32 points, Klay Thompson had 25 and the Golden State Warriors built a big lead early and held on for a 113-106 win over the Houston Rockets on Tuesday night.

The Warriors scored 37 points in the first quarter and never trailed on the way to their eighth straight victory and 60th this season.

Golden State led by eight after a pair of free throws by Curry with just over three minutes left. Patrick Beverley countered with a tip-in layup for Houston, then was fouled when he was knocked to the ground on a screen by Draymond Green seconds later.

James Harden missed a layup on the next possession before Green added a shot on the other end to put the Warriors up 107-99.

Another layup miss by Harden followed, and Curry made a 3-pointer with 1:46 left to send fans streaming to the exits.

Warriors F James Michael McAdoo leaves game vs. Rockets with head injury (VIDEO)

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There was a scary moment during the matchup between the Golden State Warriors and Houston Rockets on Tuesday night. During a change of possession, Houston’s Trevor Ariza and and Golden State’s James Michael McAdoo got tangled up and fell together on the floor.

McAdoo was under Ariza and wound up getting his head slammed into the hardwood. He was immediately taken off the floor and sent to the locker room.

Via Twitter:

The NBATV broadcast said McAdoo received stitches but did not test positive for a concussion. He is averaging 8.7 minutes, 2.9 points, and 1.7 rebounds per-game for the Warriors.

Jusuf Nurkic trolls Nuggets, tells former team to enjoy their summer (VIDEO)

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Jusuf Nurkic did not enjoy his time as a member of the Denver Nuggets. His trade to the Portland Trail Blazers in exchange for Mason Plumlee was a welcome change of scenery.

On Tuesday night, Nurkic got to take on his old team with huge playoff implications at stake. Portland beat the Nuggets, 122-113, moving a game ahead of their rivals in the race for the No. 8 seed in the Western Conference and giving them the best tiebreaker between the two.

Nurkic was impressive, blasting his old squad with 33 points on 12-of-15 shooting, adding 16 rebounds, three blocks, and two assists.

Nurkic was interviewed in the arena after the game, and he was obviously happy he helped his team while also sticking it to Denver. Speaking with Portland reporter Brooke Olzendam, Nurkic took one last shot at the Nuggets, telling them to enjoy their summer.

Via Twitter:

Nurkic quite possibly sent the Nuggets packing for the year with the game at the Moda Center on Tuesday, so he might have been the guy who helped start their summer.

Still, that is ice cold.

James Johnson decimates Marcus Morris with huge one-handed dunk (VIDEO)

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Miami Heat forward James Johnson is one of the NBA’s best in-game dunkers. On Tuesday night against the Detroit Pistons, he yammed down a huge one-handed slam that embarrassed Marcus Morris and drew gasps from the crowd at the Palace.

The play came midway through the fourth quarter with Johnson at the top of the key. After a quick pass over to him, Johnson gave a quick hesitation before driving to his left and past his defender.

With the quick step, Johnson’s only remaining opponent at the basket was Morris, who was unfortunate enough to find himself between the high-flying Heat and the rim.

This is what happened next:

Morris was whistled for a foul on the play.