League says it lost money every year of this CBA

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We’ve been bringing you reports questioning how much money the NBA owners are really losing. Frankly, we have doubts about the owners’ veracity on the numbers — they are losing some money but how m.

It’s hard to believe the owners when they say the league has lost money in each of the last 11 seasons.

The New York Times wrote one of those pieces we quoted, and the league has fired back with a statement from NBA spokesman Tim Frank saying the numbers that the Times based its analysis on (from Forbes) are flawed. The Times runs it in full, but here are some highlights.

The league lost money every year of the just expiring CBA. During these years, the league has never had positive Net Income, EBITDA or Operating Income.

The Knicks’, Bulls’ and Lakers’ combined net income for 2009-10 does not cover the losses of the 23 unprofitable teams. Our net loss for that year, including the gains from the seven profitable teams, was -$340 million.

This brings us back to a couple of points we have made from the start: 1) When the basis of this CBA was hammered out after a strike in 1999 it was considered a big win for the owners because they got a cap on players salaries and this deal makes players a fixed cost; 2) Players are still a fixed cost, they still get 57 percent of the gross income every year, what has changed is non-player expenses have ballooned (Forbes estimated it was by 43 percent over 10 years).

The players should be giving some money back in this new deal. They need to help make sure all the owners have a chance to make money and player salaries remain the single biggest expense by far. But the owners cannot just balance their books on the back of the players who did not alone create this problem.

Also, until the owners’ books are opened up for independent verification, you should be skeptical about what their real losses are. Many NBA owners are losing some money, but the league lost money for the last 11 years? Really? No doubt the owners are using accepted accounting principles — they are not cooking the books illegally — but within those principles are a lot of ways to move money around and exaggerate losses.

Dikembe Mutombo says he is putting together a group to buy the Rockets

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It appears as though Houston billionaire Dan Friedkin will have some competition if he decides to bid for the Rockets. Namely, former NBA big man Dikembe Mutombo.

Mutombo played in the NBA from 1991-2009, ending his career with five seasons in Houston. The franchise apparently made an impact on the Hall of Fame center, as he is apparently looking to buy the franchise per an interview with USA Today.

Speaking with Adi Joseph over at FTW, Mutombo would not give out names of his partners but said that he will be able to make a bid in the coming weeks.

Via FTW:

“I’m putting together a group to buy the Houston Rockets, and we’re getting close,” he said. “Getting close in the next couple weeks, maybe I’ll have a chance. Lot of people, lot of people and good people with a lot of money.”

With Leslie Alexander’s decision to sell the team, it certainly would be interesting to get another NBA player as part of team ownership in this league.

Watch the 10 best 360 plays from last season (video)

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The NBA’s top-10 highlight packages have been pretty enjoyable. This one is oddly specific – but still dizzyingly fun.

Kevin Durant on White House visit with Donald Trump: “Nah, I won’t do that”

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It’s not much of a surprise, but at least we have confirmation. If the Golden State Warriors are invited to the White House for a championship visit with Donald Trump, at least one star won’t be going: Kevin Durant.

Speaking in an ESPN article published on Thursday, the 2017 NBA Finals MVP said he didn’t respect who currently held the office of president.

Durant was interviewed as part of his Kevin Durant Day in his local Washington D.C. area suburb of Seat Pleasant, Maryland.

He is not the first NBA player to come forward and speak out about Trump in the aftermath of Charlottesville. LeBron James, Jabari Parker, and other NBA players have denounced the tone of Trump’s politics and positions in the public sphere.

The Warriors star had a lot to say on the subject, but I think this was most poignant.

Via ESPN:

“Nah, I won’t do that,” said Durant, the 2017 NBA Finals MVP. “I don’t respect who’s in office right now.”

“I don’t agree with what he agrees with, so my voice is going to be heard by not doing that,” said Durant, who said it wasn’t an organizational decision. “That’s just me personally, but if I know my guys well enough, they’ll all agree with me.”

“He’s definitely driving it,” Durant said. “I feel ever since he’s got into office, or since he ran for the presidency, our country has been so divided and it’s not a coincidence. When [Barack] Obama was in office, things were looking up. We had so much hope in our communities where I come from because we had a black president, and that was a first.

“So to see that and to be where we are now, it just felt like we took a turn for the worse, man. It all comes from who is in the administration. It comes from the top. Leadership trickles down to the rest of us. So, you know, if we have someone in office that doesn’t care about all people, then we won’t go anywhere as a country. In my opinion, until we get him out of here, we won’t see any progress.”

Durant also mentioned the need for more sports stars to come out and voice their opinions as a matter of leadership and as role models in the community.

That is definitely a huge part of the impact that sports stars can have. We all know how important NBA players are to pop culture and the culture of basketball itself. Couple that with how much influence they have as individual brands, as major players in the corporate sphere, and hopefully it will help them make a positive impact.

It’s great that NBA players are coming out and standing up against this kind of violence, and good on the NBA for making sure their voices as individuals aren’t silenced.

Chris Bosh to ‘host’ players-union awards revealed via tweets

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The NBA didn’t reveal its major regular-season awards until after the playoffs and draft – until most fans had turned the page toward the offseason. But at least the league got a revenue-drawing nationally televised award show out of the delay.

What is the players union doing, and how does Chris Bosh come into play?

National Basketball Players Association release:

CHRIS BOSH TO HOST NBPA “PLAYERS VOICE AWARDS”

11-Time All-Star to Reveal Awards Via Social Media

The National Basketball Players Association (NBPA) announced today that 2017 Players Voice Awards will be revealed exclusively via social media tomorrow beginning at 11:00 a.m. ET.

The Players Voice Awards are voted on solely by NBA players

The awards and videos will be revealed via @theNBPA on Twitter, and NBPA.com will curate all of the content throughout the day.

Voting took place at the end of the regular season and did not consider postseason performances.

The full list of Players Voice Awards includes:

  • Best Rookie
  • Comeback Player of the Year
  • Best Off the Bench
  • Best Defender
  • Hardest to Guard
  • Player You Secretly Wish Was On Your Team
  • Best Dressed
  • Home Court Advantage
  • Coach You’d Most Like to Play For
  • Clutch Performer
  • Best Social Media Follow
  • Most Influential Veteran
  • Global Impact
  • Most Valuable Player
  • Best Teammate (one per team)

I’m still not sure how Bosh is hosting tweets or what took so long for the union to get to this. The players-union awards, which debuted two years ago, haven’t gained much steam. I don’t think this will help.

On the other hand, not much is happening this time of year. Diehard basketball fans are thirsting for activity, and this provides some.

But they’d care at any time. I don’t think this moves the needle at all for casual fans.

As a hardcore basketball follower, though, I am curious who wins – and how Bosh fits into all of this.