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.
For all the flipping between the triangle and a more modern offense, despite ball stopping by Derrick Rose and Carmelo Anthony, the New York Knicks offense is 17th in the NBA for the season. Not good, but the middle of the pack, right around Oklahoma City, Miami, and Memphis — all playoff teams (or potential ones in Miami’s case).
The reason the Knicks season ends in seven games is their defense — 25th in the NBA. Put the triangle in (and get players who fit the system) or don’t, but that’s not the end of the court where the Knicks need to improve. And while system matters on defense, the fact of the matter the Knicks roster is loaded with poor and/or indifferent individual defenders.
Knicks coach Jeff Hornacek emphasized all this speaking to ESPN’s Ian Begley.
“I think if you look at our defense this year, we can use some more defensive players,” Hornacek said. “[Management] will look at that. [General manager] Steve [Mills] and [president] Phil [Jackson] and those guys will look at whatever can help us out. We know we need some help there.”
Admitting you have a problem is the first step. Now comes the time for action.
The Knicks are going to have a Top 10 draft pick (currently sixth) plus max-player money in free agency. Also, they are looking to move Anthony this summer (he has a no-trade clause so he will have to agree to it). All of which is to say they have a chance to reshape this roster into one that will have more of a defensive focus. Or any defensive focus for that matter.
It will be interesting to see if the Knicks target more defensive minded free agents this summer, ones who might fit the triangle offense such as Thabo Sefolosha, or to a lesser extent Tony Allen. It’s going to be a fascinating summer in New York.
Did you know Master P had two NBA contracts?
Percy Miller was with the Hornets before the 1999 season and the Raptors before the 1999-00 season. But he was cut in the preseason both times.
These were mostly publicity stunts. Still, the rapper could actually play a bit. NBA quality? He long insisted yes, though his music career provided a convenient and lucrative excuse for sidetracking his basketball ambitions.
Yet, now, the New Orleans native says he wants back in the NBA with the Pelicans — in a different role.
Master P, via TMZ:
I think they need me to be an assistant coach.
I’m serious about coaching.
I don’t think he’s actually serious.
But if he is, would it be a good idea? Probably not. The Pelicans have real issues integrating Anthony Davis and DeMarcus Cousins, and they need devoted coaches, not passing entertainers, to solve this.
Would it be fun? Heck yeah.
Sending an inbound pass through the rim is, of course, a turnover.
But sending an inbound pass off the rim to a teammate who converts the shot? Sure, that counts.
Ray McCallum and Ramon Harris gave the Pistons-affiliated Grand Rapids Drive a win over the Pacers-affiliated Fort Wayne Mad Ants on a play the D-League amusingly dubbed a “put-back.”
About a year ago, Harry Giles looked like he could be the No. 1 pick in the 2017 NBA draft.
But multiple knee injuries have added up and contributed to a lackluster freshman year at Duke, especially considering Giles started the season late due to his latest knee surgery.
Where does this leave him with the NBA?
We’ll find out.
Duke freshman forward Harry Giles has announced that he will enter his name in the 2017 NBA Draft.
At his best, Giles is an athletic power forward who plays with skill and energy. But we didn’t see much, if any, of that player during 11.5 minutes per game in just 26 contests at Duke.
Medical testing will define everything for Giles. He’s projected to go somewhere in the middle of the first round, but that’s a wide range with so much uncertainty about his knees.
Helping Giles: Joel Embiid‘s success after entering the NBA with major red flags about his health. Even though Embiid is again injured, he was so good while on the court for the 76ers. That’s a favorable recent comparison for Giles.