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.
Joakim Noah is playing 20.6 minutes a night coming off the bench for Fred Hoiberg and the Chicago Bulls this season.
And he doesn’t like it. He wants more run. He was getting 10 minutes more a night last season under Tom Thibodeau, and Noah wants some of those minutes back. Nick Friedel of ESPN sent out a tweet that was a reminder of just that.
Three thoughts here.
1) Reducing minutes for guys who battle injuries every season by the time the playoffs roll around was one huge reason Fred Hoiberg was brought in to coach the Bulls and Tom Thibodeau was shown the door. This isn’t just Hoiberg, the minutes reduction comes from management. While it is possible Noah’s spot in the rotation shifts (he could start at some point) and he might get a little more run, the Thibodeau era is gone.
2) There are legit reasons for Noah to want to play. First, he is a competitor who doesn’t like sitting. Second, the Bulls’ defense is elite when he plays (allowing 95.5 points per 100 possessions) and the Bulls outscore opponents by 1.3 per 100 when he plays. Finally, Noah is in the final year of his contract and scoring just 3.1 points per game is not going to help him earn more cash in the next deal.
3) Barring injury to another big, don’t expect a change.
You can’t make this stuff up.
After being cut by the Spurs during training camp, Jimmer Fredette decided to stay stateside and play in the D-League, looking for a way back into and another chance in the NBA (the banged up Pelicans picked him up for four games but released him again). Fredette put up impressive numbers in his debut with the Westchester Knicks (the New York Knicks affiliate), scoring 37 points on 12-of-17 shooting, hitting a couple of threes and getting to the line a dozen times.
All while boxer Floyd Mayweather looked on from courtside (Mayweather was there to see buddy Jordan Crawford).
If Fredette keeps putting up numbers, maybe he gets a call up. But nothing is seriously going to change for Fredette unless his defense improves markedly — that has always been the big problem, and not always one exploited the same way in the D-League. He is on the low end of the athleticism scale for the NBA (not college) and that has led teams to just target him when he comes in games. There is no mercy in the NBA, and Fredette has been the gazelle outside the herd that becomes the clear target.
But he’s had a good D-League game, it’s a start on a road back.
The Pelicans have needed this.
There is not one simple reason the Pelicans stumbled out of the gate this season and might as well be booking late April tee times now (they will not recover and make the playoffs). It’s a combination of issues. But at the top of any list needs to be injuries, and specifically the injury to Tyreke Evans, who had his knee scoped back in training camp.
Evans will suit up for the Pelicans Tuesday. This had been rumored for a while, but Evans himself confirmed it on Instagram.
The Pelicans desperately need his shot creation. Anthony Davis is an unquestionable beast, but he’s not a guy you can just throw the rock to and watch him create for himself and others out on the wing. Jrue Holiday can’t really do that either. The Pelicans have looked better with Ish Smith at the point of late because he can create a little thanks to his quickness.
Evans is better at this than anyone else they have. Getting him back in the mix helps.
Norris Cole, who played fantastically for the Pelicans last season, also is expected to return to the rotation tonight.
With those two back and the team starting to find a groove, they can become respectable to dangerous. But I just can’t see them climbing out of the hole they are in and find a way into the playoffs.
If you were going to name the Western Conference Coach of the Month for November, there was only one choice to make — the coach of the undefeated Golden State Warriors.
So congratulations Steve Kerr, since he gets the credit for those 19 and counting wins… er, wait.
The NBA announced it has given November Coach of the Month award to Luke Walton, the interim Warriors’ coach who has guided the team while Kerr is recovering from back surgery. The league also announced Cavaliers’ coach David Blatt as the Eastern Conference Coach of the Month.
As the NBA explained earlier in the day, they see the Warriors as still Kerr’s team — he was the architect who put in the systems and built the foundation, while Walton is just living in the house for a while. Walton is a housesitter. So the fact the team was undefeated under Walton is moot, he gets no credit for the wins, they all go on Kerr’s resume. But Walton can win the Coach of the Month award for guiding the Warriors with their league-best point differential of 15.4 points per game.
This was expected, but now it is official.
He could win it again for December, unless Steve Kerr decides to come back