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.

Lakers fan hits halfcourt shot to win $100,000 (VIDEO)

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The Los Angeles Lakers are having a pretty good January.

The team has a losing record overall but is 6-5 in 2018, despite the noise from the Ball family and the need for public confidence for Luke Walton as coach.

Still, I’m not sure they’re having as good a time as the guy who won $100,000 by banking in a halfcourt shot on Sunday.

Via Twitter:

The fan’s name is apparently Suni Strong, and he’s from Palmdale. He played high school basketball, works at Space-X, and was on a canceled A&E show about bounty hunting.

Seriously.

Via OC Register:

“When I first walked in I said have my check ready,” he said. “I knew I was going to make it. I had to.”

Asked if he called “bank,” Strong replied, “Why would I do that? I called money.”

That’s some serious scratch.

Spencer Dinwiddie hits game-winner for Nets over former team (VIDEO)

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Spencer Dinwiddie was once a member of the Detroit Pistons. They traded him to the Chicago Bulls back in 2016 for Cameron Bairstow, and the Bulls promptly waived him less than a month later. That same day, Bairstow was waived by the Pistons.

On Sunday, Dinwiddie got his revenge on Detroit by ending their matinee matchup with a step-through jumper that two Pistons failed to defend.

The play came with 4.7 seconds left and the Brooklyn Nets trailing, 100-99. Dinwiddie ran across the far side of the floor to receive the ball from the sideline, then to the near elbow before putting on a series of moves to get his shot off.

The play gave Detroit just 0.09 seconds left, and they couldn’t get an attempt off.

Brooklyn beat the Pistons, 101-100.

Meanwhile, Dinwiddie continues to have the best season of his career. He’s averaging 13.2 points, 6.5 assists, and 3.3 rebounds per-game, all career-highs. He’s also boosted his VORP to 1.1, another personal best.

Enes Kanter’s teammate told him “You’re about to get 50 dropped on you” after LeBron troll

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Enes Kanter likes to inject himself in situations he doesn’t belong in.

The New York Knicks forward likes to take aim at the biggest star in the game, LeBron James, and has said in the past that he would fight LeBron if he had to.

Some previous comments from LeBron riled up members of the Knicks organization, and there’s been animosity between the two sides ever since.

So it wasn’t too much of a surprise when Kanter had something to say on Twitter about his former team, the Oklahoma City Thunder, dropping 148 points during a win over the Cleveland Cavaliers on Saturday. Heck, even former Cavaliers coach David Blatt jumped in on that one, albeit immediately before his own team got 151 scored on them.

Kanter took to Twitter, using LeBron’s own catchphrase against him:

Of course, that’s probably not the best idea. Kanter is a role player and LeBron is one of the best who ever played. Even if the Cavaliers are stinking it up lately, you can’t go after the King like that. You just might miss.

Via ESPN:

“One texted [teammate] me just to say — I’m not going to say who — but he texted me ‘You’re about to get 50 dropped on you, boy.'” Kanter said before Sunday’s matinee against the Los Angeles Lakers. “I responded something back, but I’m not going to say what it is.”

Kanter added that he’s just “having fun” and wanting to put “a smile on people’s face” with his constant prodding.

We’ll see if he ends up smiling the next time Cleveland and New York meet on April 9 at MSG.

David Blatt’s troll on the Cavaliers backfires when opponent scores 151 (VIDEO)

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David Blatt, perhaps sensing his time to pounce as rumors swirl around Tyronn Lue’s departure, decided to troll the Cleveland Cavaliers on Sunday. It did not go so well.

Blatt, who was fired from the head coaching spot in Cleveland in 2015, now heads Darüşşafaka S.K. in the Turkish Super League.

Blatt was also coaching Team Europe vs. Team Asia in the Turkish BSL All-Star Game on Sunday. During the game Blatt joked during a TV interview that he was just hoping his team didn’t give up as many points as the Cavaliers did to the Oklahoma City Thunder on Saturday. That game ended with a score of 148-124.

Via Twitter:

So what happened to Blatt’s Team Europe in the All-Star Game?

According to Erik Gundersen over at LeBron Wire, Team Europe promptly got rolled on with a tally of … 151 points.

The final total in the Turkish All-Star matchup was 151-142 in favor of Team Asia.

Oops.