As we march inevitably toward a lockout this summer, Wednesday night was David Stern’s turn to throw an elbow.
One day after players’ union president Derek Fisher said the latest owner from the owners was no step forward, Stern responded with what he considers the bottom line in negotiations — the actual bottom line.
As in the league has to start making money, he told Steve Aschburner of NBA.com.
“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.
SALT LAKE CITY (AP) — Martin Schiller has been named coach of the Salt Lake City Stars, the Utah Jazz’s NBA G League affiliate.
Schiller previously served as an assistant coach of MHP Riesen Ludwigsburg in Germany and replaces Dean Cooper. He was an assistant coach for the Artland Dragons from 2010-15.
Schiller has also been an assistant coach on the German National Team since 2015, where he worked with Jazz assistant coach Alex Jensen.
Schiller hails from Vienna, Austria, and Stars vice president of basketball operations Bart Taylor lauded him for his international experience and player development background.
The Jazz organization is known to have close relationships with the international basketball community. The Jazz currently have eight international players.
BOSTON (AP) — Newly acquired guard Kyrie Irving will wear No. 11 in Boston because the Celtics already have retired the numbers he wore in college and with the Cleveland Cavaliers.
Irving wore No. 11 at two New Jersey high schools before switching to No. 1 at Duke. He wore No. 2 with the Cavaliers for the first six years of his NBA career.
The Celtics retired No. 1 for founder and original owner Walter Brown. They retired No. 2 for former coach and general manager Red Auerbach.
In all, the Celtics have retired 21 numbers, with Paul Pierce’s No. 34 next in line for the TD Garden rafters.
Everyone in the NBA — heck, nearly everyone living in the Western hemisphere — knew Kyrie Irving wanted out of Cleveland. That should kill the Cavaliers’ leverage and make it hard to get enough quality back.
New GM Koby Altman — the guy thrust into the job when David Griffin was shown the door — pulled it off brilliantly.
That’s what I talk about in this new PBT Extra. With Isaiah Thomas and Jae Crowder, the Cavaliers remain the team to beat in the East this season. The Brooklyn Nets pick gives them flexibility going forward, whatever LeBron James decides to do next season.
First time at the plate in the big leagues and Altman crushed it to straight away center field.
The Cavaliers and Celtics played in last year’s Eastern Conference finals. The teams were widely expected to meet there again.
Yet, Cleveland and Boston just completed a blockbuster trade – Kyrie Irving for Isaiah Thomas, Jae Crowder, Ante Zizic and the Nets’ 2018 first-round pick.
That seemed odd.
In fact, it’s unprecedented.
That is an incredible fact, one which speaks to LeBron James‘ cachet. The Cavs are emphasizing this season, LeBron’s last before a player option, by loading up with veterans Thomas and Crowder. With LeBron still reigning in Cleveland, the Celtics are delaying their peak by acquiring the younger Irving.
Adding to the intrigue: the Cavs and Celtics are still favored to meet in this year’s conference finals. At minimum, they’ll face off in a(n even more) highly anticipated opening-night matchup.