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).
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.
Adam Silver: ‘Sounds like’ NBA All-Star draft will be televised next year
Silver, in an interview with Ramona Shelburne of ESPN:
I was misinterpreted the other day, because people thought I was diming Steph by saying he didn’t want to televise it. I have no idea whether he wanted to televise it. What he said after the decision came not to televise it, he said let’s give it a chance to see if it works, and then if it works, then we’ll televise it. So, I said I agree with him. But I don’t know whether he was for or against it.
By the way, I’ll take as much responsibility. When we sat with the union and we came up with this format, we all agreed, let’s not turn something that’s 100 percent positive into a potential negative to any player. But then maybe we were overly conservative, because then we came out of there, and the players were, “We can take it. We’re All-Stars. Let’s have a draft.” So it sounds like we’re going to have a televised draft next year. But I’ve got to sit with LeBron and all the guys in the union and figure it out.
Overly cautious is right. This year was a missed opportunity. But the more important thing is getting next year right.
It sounds as if the NBA will.
Twitter reaction All-Star pre-game, Fergie’s national anthem vicious, priceless
LOS ANGLES — In an intensely polarized nation, few things unite Americans anymore. Sunday night the NBA and its All-Star Game broadcast gave us one of those unifying forces — a pre-game run-up so bad it was universally panned.
It started with a roughly 20-minute singing and dancing skit that was supposed to be about comedian Kevin Hart’s journey to being an NBA player (I think that’s what it was, anyway, it made as much sense as the movie “Wild, Wild West”). It felt forced, was not funny, and just dragged on and on. Even a Kardashian thought this was terrible television.
This All Star opening is confusing me. WTF is going on? Anyone?
And that wasn’t even the worst part of the pregame, nor the part that sparked the most outrage online.
Fergie’s sexy, slow, bluesy rendition of the national anthem became the lightning rod.
Charles Barkley joked on TNT that he “needed a cigarette” after the Black Eye’d Peas’ singer’s performance. Shaquille O’Neal jumped in quickly to defend her (“Fergie, I love you. It was different. It was sexy. I liked it.”) as the broadcast quickly pivoted away from that topic.
Twitter was not so kind, and Draymond Green‘s face caught by camera’s during the anthem became a quick meme.
LOS ANGELES —Our regular feature “Three Things to Know” usually wraps up and breaks down the news of the day in the NBA, but in this case we are stepping back to take in all of All-Star Weekend. Three Things will then be off this week until Friday (there are no games until Thursday night as the league takes a little break).
1) The new “captains pick teams” format may have worked as intended. But will it last? This much we can agree on: This was the best played, most dramatic All-Star Game we have seen in a while. There was some actual defense played, guys tried and played with a little pride, they played hard, we had a close and intense ending, and (unlike last season) the night featured something that resembled basketball. There was even a game-tying and game-winning shot.
The new format — where captains LeBron James and Stephen Curry (the highest vote-getters from fans) picked the teams playground-style — got the credit for the change.
“The great thing about our commissioner, he’s absolutely okay with trying something new, to change the format, and it definitely worked out for everybody,” said LeBron, who scored 29 points including the go-ahead bucket late, and was named MVP. “It worked out not only for the players, not only for the league but for our fans, for everybody. It was a great weekend, and we capped it off the right way.”
Was it really the format that led to the change? Tune in next year, and frankly the next few years, to find out.
First off, the players were genuinely embarrassed by the lack of defense and level of play in last year’s game, they talked about it afterwards in New Orleans and it was players’ union president Chris Paul who first pushed for the format change as a way to inject some energy into the game. To a man, the players and coaches talked about “changing the narrative” around the game.
The reality is the game was close, and often in the past when the All-Star Game was close late we got real energy and something resembling defense the final six minutes or so of the game. This year’s game was close, so the genuine energy late was not wildly out of character.
If the league had stuck with East vs. West (but upped the payout to winners and kept the new charity component) would the players have come out and played with this same energy and defense from the start to change the narrative anyway? My sense is probably, again they didn’t want to embarrass themselves again. We’ll never know for sure, but the format got credit for bringing a new energy to the game that may have been coming anyway.
The NBA is going to keep this format — although expect the player draft to be televised next time around — so we will see in Charlotte next February and in Chicago in 2020 if the change was about the format or just a conscious effort by the players to make the product better.
Either way, let’s hope it continues.
2) Donovan Mitchell, welcome to the spotlight. Utah’s rookie Donovan Mitchell is averaging 19.6 points and 4.5 assists a game (and much more than that the past couple of months), has become the Jazz’s go-to scorer and shot creator late in games, and for my money is the current frontrunner for Rookie of the Year (with Ben Simmons a close second). Yet for casual fans Mitchell was flying under the radar — people don’t really tune in to see the Jazz play (they don’t get on national television much) and in a deep rookie class with big names the No. 13 pick out of Louisville was not one of the pre-draft hype guys.
People know who he is now — he took over the spotlight in Los Angeles for a while. He was featured Friday’s Rising Stars challenge, then on Saturday went out and won the Dunk Contest.
“I’ve always been a player who’s not really been talked about a lot,” Mitchell told NBC Sports heading into the weekend. “Never really hyped coming out of high school — I was ranked top 50, but I wasn’t a name that was all over Ball is Life and all those platforms. Then coming into college I wasn’t a McDonald’s All-American, I wasn’t one of those guys averaging 30.
“Playing under (Rick) Pitino (in college), it’s grit and grind basketball, and that’s how I was perceived. That just adds to the chip I have on my shoulder.”
Mitchell had plenty of style and flash in Los Angeles. First, he brought out a second backboard, and did a self-alley-oop off one to the other.
Then he sealed his Dunk Contest win with a tribute to Vince Carter and one of his legendary dunks.
No player did more for his national profile over the three-days in Los Angeles than Donovan Mitchell.
3) Dunk of the weekend? Give that one to Larry Nance Jr. The newly-minted Cleveland Cavalier Larry Nance Jr. (he was traded from the Lakers at the deadline just more than a week before) may have come in second in the Dunk Contest to Mitchell, but he had the best dunk of the weekend. No doubt.
It was the double self-alley-oop off the backboard.
That was the dunk we’ll be talking about out of the weekend.
‘Tired’ Jimmy Butler sits out All-Star Game at his own request
LOS ANGELES —Jimmy Butler leads the NBA in minutes played per game at 37.3. He’s ninth in the league in total minutes played and played 77:35 minutes in the two games leading up to All-Star Weekend.
Butler was tired and asked Mike D’Antoni to give him some rest, according to both parties (despite speculation this was really a win for the Los Angeles nightlife). Butler did not play in Sunday’s All-Star Game.
“Rest,” Butler said when asked why he didn’t play. “I have to rest. I have to rest my body up. This Timberwolves season is very, very important to me. I’ve got to make sure I’m ready to roll when I get back there.”
“He was tired and he just felt like his legs weren’t there,” Team Stephen head coach Mike D’Antoni. “He didn’t practice yesterday or play today. You have to respect that. He plays hard. Sometimes your body just needs a rest.”
Butler is having the kind of season that has him in the discussion for a place on the MVP ballot. He’s averaging 22.4 points per game with a very efficient true shooting percentage of 59.3, plus he’s playing strong defense. He and Karl-Anthony Towns have led the Timberwolves to a 36-25 record that has them as the current four seed in the West, poised to break an 11-year playoff drought for the franchise.