It’s one thing left out of the calculations on whether an NBA owner is making money on his franchise — the money he makes on the worth of the franchise.
It’s complex, it’s changing, but the fact remains that a lot of NBA owners have already made tons of money on their teams because what they paid for the franchise is a fraction of what they could sell it for now. That’s money not included in the profit/loss statements, it’s not money the players ever see a penny of (nor should they, the owners put up the money and deserve the rewards).
Tom Ziller broke it down over at SB Nation (and, as is required by law, Ziller broke it down in a tidy graph).
Jerry Buss has seen the Lakers’ value grow $587 million in 21 years. Michael Heisley has seen the Grizzlies’ value grow $97 million in 10 years. Dan Gilbert has seen the Cavaliers’ value grow $101 million in five years. Mark Cuban of the Mavericks: $166 million in 10 years. Cablevision with the Knicks: $286 million in 13 years. And on and on and on …
It’s also worth noting that the NBA owners themselves bought the Hornets for $300 million; George Shinn founded the franchise for a cool $32 million in 1987. So while Shinn cried poor, and while owners cry poor, all they have to do is stick a “for sale” sign out front and those losses turn into massive, massive profits.
The owners will correctly tell you this has not been true in every case, especially in recent years. Bruce Ratner and partners bought the Nets for $300 million and sold 80 percent of it to Mikhail Prokhorov for $200 million. Bob Johnson’s sale of the Bobcats also lost money. Franchise valuations do not just automatically go up every year anymore, and if you are losing money every year you may not be able to cover the costs when the team is sold anymore.
But for a lot of teams, they may lose a little money year-over-year right now, but the owners are sitting on a pile of money with the franchise the players will never see. It’s just another part of the equation.
The NBA has unveiled its top 100 plays of the 2015-16 season, and there’s no mystery as to what were the top two.
No. 2: Stephen Curry‘s halfcourt buzzer-beater in overtime against the Thunder in Oklahoma City during the season.
No. 1: “The Block” by LeBron James on Andre Iguodala in the final stretch of Game 7 of the Finals.
There’s plenty more, too, and if you have 25 minutes to kill, you can and should watch all of them above.
Tyler Zeller is one of the few restricted free agents left on the market who could make an actual impact next season, and on Saturday morning, he’s come off the board. Steve Bulpett of the Boston Herald reports that the fourth-year big man has agreed to a deal to stay with the Celtics. It’s for two years and $16 million, with the second season being a team option.
Zeller isn’t a starter, but he’s a nice rotation big man, especially at that price. He can play minutes off the bench for Boston, and his contract is also very movable with the second season being unguaranteed. He played just 11.8 minutes per game last season, but averaged 18.5 points and 9 rebounds per 36 minutes.
The Toronto Raptors were good last season, second best team in the East. That means the guys on Inside the NBA on TNT had to talk about them.
Which means Charles Barkley had to say “Jonas Valanciunas” a lot. Which is high comedy. While a lot of people struggle to say his name the guy is a solid NBA center who, with a little practice, you can say (and spell) his name pretty easily.
This comes from a YouTube user, via Reddit, with a hat tip to Eye on Basketball.
Argentina isn’t considered a medal contender heading into the Rio Olympics. Their golden generation — led by Manu Ginobili — has picked up a lot of speed on the downhill side of their careers at this point.
They didn’t provide much of a challenge for Team USA in an exhibition game Friday night in Las Vegas, one won by the USA 111-74. Kevin Durant impressed playing with his new teammates in dropping 23 points, Paul George had 18, and the Americans had their way in the game.
Which is what we’re going to see a lot of in Rio — the USA’s talent level is just steps above any other team in the tournament.