Books show Nets with $44 million loss in 2008-09 season

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Did NBA teams lose money last year? And if so, really how much?

In the absence of the owners and players union sitting down and actually talking, the question of loss has become the talking point of the NBA lockout. There has been plenty of back-and-forth between the NBA and the players union — and we can throw in the New York Times — about this subject.

Darren Rovell at CNBC did something smart — when Bruce Ratner’s Nets Sports & Entertainment LLC owned the Nets, the books were public. Still are. So Rovell went and looked at them and broke down the year before the team was sold to Mikhail Prokhorov.

What he found is that while the reported loss by the team that year was $77 million, wipe out the amortization — which the league says it does not include in it’s loss numbers — and the loss falls to $44 million.

But that’s where the controversy starts on how the owners and players define losses and responsibility for those losses.

I said that there were two other numbers, which could be disputed. Let’s look at those. The first one is depreciation, which in this sense is the allocation of costs distributed over a certain period of time. In this case, the reported depreciation by Nets Sports & Entertainment is $2,041,611.

The players association says that depreciation shouldn’t be included in the losses. The owners say it absolutely should because it does reflect the cost of expenses that could be related to growing revenues. If the players get a certain percentage of revenues, the owners claim they should be responsible for some of the costs to get to those higher revenues.

The other disputed number is interest. The Nets for the 2008-09 season had $13,412,981 in interest. The players association again says that that shouldn’t be included in the losses. With depreciation, the actual loss might not be taken in the year it is credited to. With interest, the ownership is actually writing a check. The players can argue they shouldn’t share in this, but there’s no debate that that is a real loss.

I tend to side with the players on interest — it is not their responsibility if an owner took out loans to buy a team. But for fun, even if you wipe depreciation and interest off the books, the Nets still lose in the neighborhood of $28.5 million. That’s a chunk of change. You can see why an owner would be frustrated.

There needs to be some balance in the system. Should some of that kind of loss be covered by revenue sharing from larger market owners? Yes. Should a reduction in players’ salaries (via a reduced share of basketball related income) be part of it? Yes. But the Nets were bad and played in a bad building, and if an owner loses money because of that I have a hard time thinking the players should cover too much of the losses.

Watch Hassan Whiteside beat the Pistons at the buzzer with tip-in (VIDEO)

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The Miami Heat took until the final moments on Tuesday night to beat the Detroit Pistons, but it was worth it. With just a handful of games left to play, the Heat need to stave off the Chicago Bulls for the final spot in the Eastern Conference playoff race. Thanks to a tip at the buzzer by Hassan Whiteside, they’re one step closer to achieving that goal.

The play came with just seconds left in the fourth quarter. James Johnson missed a shot with six seconds to go, and the Heat grabbed the rebound. Goran Dragic then tried his hand, but he couldn’t get it to go, either.

That’s when Whiteside came back with a tip at the buzzer that ended the game.

Via Twitter:

Miami now sits at 36-38, a game above the Bulls for the No. 8 seed.

Whiteside, meanwhile, is never going to wash that hand again:

Kobe Bryant says LeBron James has earned the right to take a rest (VIDEO)

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Former Los Angeles Lakers star Kobe Bryant was a pretty consistent player in the NBA. Save for his final injury-laden seasons and the lockout year of 2011-12, Bryant played in no fewer than 65 regular season games in a single season.

Coaches also had no reason or want to ask Bryant — a notorious worker — to sit out in order to rest. That wasn’t really on the menu, and Bryant knew that.

Speaking to ESPN’s First Take, Bryant said no coach really asked him to ever take a rest, “I’ve never been approached by a coach and asked to rest.”

Bryant remarked that he took queues from Michael Jordan during tough stretches of the season — back-to-backs or four games in five night scenarios — where he could switch his game up, floating from perimeter to post, in order to save energy during those matchups.

Bryant also said during the same interview that he understands the complexity of the modern game, and that players like LeBron James deserve to take a rest if they’ve earned it.

“LeBron has done so much for the game. He’s earned the opportunity to take a rest,” said Bryant.

The debate on this subject will continue, it seems.

Phil Jackson’s reaction to Kristaps Porzingis getting turned upside down feels about right

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New York Knicks big man Kristaps Porzingis is the future of the franchise, so any time he’s upended and nearly lands on his noggin it’s a cause for concern. To say the least.

That’s what happened on Monday night, as Porzingis got turned upside down during a play near the basket during a game against the Detroit Pistons.

Porzingis was OK on the play, and Detroit big man Andre Drummond did his best to help catch him so nothing too scary happened.

Still, Knicks president Phil Jackson had a pretty hilarious reaction to the whole thing. I guess that’s what happens when you watch your basketball life flash before your eyes.

Porzingis was unhurt and played a full 37 minutes. New York beat Detroit, 109-95.

Jimmy Butler won’t pick LeBron over Durant as toughest matchup in NBA, and for good reason

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Chicago Bulls star Jimmy Butler is a smart dude. He’s spent years of offseason work turning himself into a max-level player, and that shows he knows not only how to work but how to attack the game of basketball.

He’s also smart enough to know he shouldn’t go poking the bear when it comes to two future Hall of Fame players in LeBron James and Kevin Durant.

When asked whether the Cleveland Cavaliers star or the Golden State Warriors scorer was the toughest matchup in the NBA, Butler made sure he wasn’t adding any kind of blackboard material to rile up either player.

Via Twitter:

The best way to defend LeBron or Durant: don’t make them angry.

Smart move, Jimmy.