NBA releases books showing $1.85 billion loss over six years

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The league office has been working hard in recent days to make its case that the NBA owners are losing money. Big money.

They have now released some audited net income numbers — money left after all the costs are put out — to Forbes in an effort to make a more definitive case.

The following numbers are audited figures. If the projected figures are correct, the NBA will have lost $1.845 billion over the last 6 years, not turned a profit, as reported (in the New York Times).

Those numbers show a handful of teams — the Lakers, Bulls and Knicks for example — turning profits while a majority of teams lose money. The largest league loss was for $370 million in the 2008-09 season, while last season was $300 million. The players union disputes those numbers still, we need to add.

We also need to remind you that the players are a fixed cost for the league — the players get 57 percent of the gross basketball related income that the league takes in. Every year. That may be a high percentage (although not wildly out of line with the NFL an MLB) but it is a known number. What are driving losses for the owners is a rise in non-player expenses (that is supposed to be up 43 percent in the last five years).

Forbes also talks about a fix, which involves compromise.

For the NBA to get on any form of solid footing, there is going to have to be significant concessions by both the players and owners. When you see a trend of well over half your clubs running at a loss, there’s a problem that needs addressing.

With local television rights deals driving the economic disparity, the NBA owners are going to need to look at MLB’s revenue-sharing model closely.

In terms of the players, some ability to allow competitive balance has to come into play. Since owner can’t seem to self-regulate like Major League Baseball, then some adjustment of the cap has to be considered – other methods to allow cost certainty.

Compromise is the only way a deal is going to get done. But until there is real pressure — until the threat of lost revenue from games and lost paychecks gets closer — there is not motive to compromise. So we sit and watch two sides with their heels dug in for a summer lockout. And we hope when time for a compromise does come around, both sides are willing to do it.

Rumor: Bulls expected to wait until 2019 for free-agency splash

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The Bulls tanked so hard this year, the NBA warned them to cut it out. It was a rare instance of the league responding to actual tanking measures rather than just talk of preferring to lose.

Bulls executive John Paxson, via Vincent Goodwill of NBC Sports Chicago:

“We did this year what we felt was in the longterm best interests of the Bulls,” Paxson said. “It’s not a situation that any of us want to ever be in again; it goes against everything as a competitive person that you believe in; but it’s the way the system is set up.”

Chicago could try to turn around quickly. The Bulls project to have about $25 million in cap space this summer – enough to land a good player or two.

Mark Schanowski of NBC Sports Chicago:

The assumption in league circles is the Bulls will wait until 2019 to make their big move when players like Klay Thompson, Kawhi Leonard and Kyrie Irving could be on the market, and might consider signing with the Bulls after watching another year of development from LaVine, Lauri Markkanen and Kris Dunn.

This is the wise course. It’s unlikely Chicago can lure anyone good enough to lift such a young core quickly. The Bulls are better off remaining patient – and bad, which will net another high draft pick as Lauri Markkanen, Zach LaVine and Kris Dunn develop.

This is also probably the course thrust upon Chicago. Even if they wanted to, the Bulls probably can’t land a premier free agent this summer. Star free agents can see the same problems with Chicago trying for a quick fix and will likely avoid the situation.

There’d be no harm in trying for top free agents like LeBron James or even Paul George. But the Bulls will probably be relegated to 2019 if they want to sign someone meaningful. Better they realize that than make a desperate attempt for relevance this year.

Rich Cho on Trail Blazers getting swept: ‘Being a previous Portland GM, that didn’t disappoint me’

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In 2011, the Trail Blazers surprisingly fired Rich Cho after only season as general manager.

Cho – since hired and fired by the Hornets – seems to be holding a grudge.

John Canzano of The Oregonian:

That’s a sentiment many people hold toward their former employer. Few say so publicly. That Cho did indicates just how strongly he feels.

Under owner Paul Allen, the Trail Blazers have run through numerous executives. It’s part of the culture in Portland, and it leaves a lot of outgoing people bitter.

Current general manager Neil Olshey ought to be mindful of that.

Josh Allen’s old tweet: ‘I hate LeBron!!!!! #LeBronSucks’

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Josh Allen, a quarterback from Wyoming, could be the No. 1 pick in tonight’s NFL draft. But his recently unearthed high school tweets – which include using the n-word with an ‘a’ at the end – are the sports story of the day.

And there’s an NBA tie.

Via Ryan Young of Yahoo Sports:

I hate LeBron!!!!! #LeBronSucks

— Josh Allen (@JoshAllenQB) June 7, 2011

Damian Lillard went down this same road with LeBron James, and they got past it.

But it would be a little more awkward if the Cleveland Browns – who have the Nos. 1 and 4 picks – take Allen. Then, Allen will face more scrutiny over this tweet – the most innocuous of the bunch.

Donovan Mitchell tells Thunder fans, Jazz teammates Utah not returning to Oklahoma City this season

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The Jazz blew a 25-point second-half lead in Game 5 last night, extending their series with the Thunder. Up 3-2, the Jazz are still in control. They can close out in Game 6 tomorrow in Utah. Blow that, and they must return to Oklahoma City for Game 7 Sunday.

But Utah rookie Donovan Mitchell is making it abundantly clear he doesn’t plan to do that.

Gabe Ikard of The Franchise 107.7:

Jake Edmonds of KUTV:

A confident proclamation that rallies his team or youthful exuberance run amok?

The narrative will be decided after Game 6. That’s just how this is done.