“We’re not going to lose any money,” Stern said. “I’m not going to be commissioner of a league that is comfortable [losing money]. Because I don’t have a group of owners who find it acceptable for me to have that conversation with them.
“You don’t have $4 billion worth of revenue and pay out over $2 billion in salary and benefits to lose money. It’s something that we have sort of gotten used to as the revenues have gone up … but the world has changed about the prospect for all franchises, the world has changed for a lot of reasons – and economically – and now people who make investments in buildings and things expect not to lose money.”
Nobody, not even the players, thinks the owners should have to lose money. But the issue is more complex — the league said before that 22 teams will lose a combined $300 million this year. But, the 8 teams making money have almost no revenue sharing. Put simply, the Lakers are about to make nearly $200 million a year in local television revenue and the Kings make $11 million and the Lakers do not have to share currently. It’s not a simple matter of just controlling costs.
But the owners have gone through a recession and seen revenues dip. More importantly, the value of franchises has dipped. Ten years ago you could count on the value of the franchise going up to cover any losses. (Think of it this way: If you bought a franchise for $100 million, lost $5 million a year for 10 years, then sold the team for $200 million, you would have made $50 million and those losses were really just an investment. Those days of the franchise value bailing owners out on paper are gone.)
The owners want fundamental changes to the system and Stern is clearly standing his ground. The players are pretty good with the system as is and are not moving right now either.
So, we are headed for a lockout. Enjoy these playoffs.
Derrick Rose being back for start of season in question
The opening night projection for a Derrick Rose return is a bit murky at this point, as the Bulls are taking a cautious approach to his recovery with Fred Hoiberg essentially ruling him out for the rest of the preseason.
“Most likely (out for the preseason),” Hoiberg said….
In fact, it wouldn’t be surprising to see Rose sit out the first handful of games, as the Bulls start the season with a three-game in four-night stretch starting Oct. 27 against the Cleveland Cavaliers, which is in two weeks.
“That will be in consideration, sure,” Hoiberg said. “We gotta make sure, he really hasn’t done anything and that will be a good two or three weeks where he has total inactivity, so just to throw him back out there going 100 percent with his speed and everything, you just don’t want to take any risks, chances, where it could be a lingering issue.”
Just what TNT and the NBA hoped for with an opening night Bulls vs. Cavaliers showcase: Kirk Hinrich vs. Mo Williams. (Don’t forget Kyrie Irving will miss the start of the season recovering from his knee surgery.)
Of course, this is the smart play for the Bulls who need to be thinking about getting Rose fully healthy and focusing on what condition he will be come April 27, not Oct. 27.
And of course, a lot of Bulls fans who are down on Rose will slam him for this. Even though the injury was a freak accident and the team is right to be patient.
Rose could play opening night, if he gets back to practice next week and can get closer to basketball shape. But I wouldn’t bet on it.
Stephen Curry apologizes for Warriors’ health, playoff path, success
A sarcastic Stephen Curry joined the fun (and to his credit, did so much more appropriately than his teammate).
I just want to say, I apologize for us being healthy. I apologize for us playing who’s in front of us. I apologize for all the accolades we’ve received as a team and individually. I’m very, truly sorry. We’ll rectify that situation this year.
We try to have fun with it.
What the Warriors refuse to realize: Acknowledging the fortunate breaks they received en route to their championship is not the same as saying they didn’t deserve their championship. It’s not insulting them.
Of course, the Warriors aren’t obligated to fully understand the critiques. They’re incentivized to spin the comments into motivation.