Malcolm Gladwell says owners shouldn’t expect to make money

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Is owning a sports franchise a business or a toy?

Right now, the NBA owners are telling you the NBA is a business, and a bad one at that. One that needs to be fixed. Even if it means costing an NBA season.

But you look at owners like Mark Cuban and you see him treat it like a toy — he has said the Mavericks have lost money every year. He has been sued over it. He can kind of erase that on the books because he also owns American Airlines Center and he has said he will cover the debt. But he treats this as a toy and bought himself a title. (Go ahead and say the Heat are trying to buy a title, but the Mavericks paid $20 million more last year in salary and in the last decade only the Knicks have paid more.) Of course, Cuban has made his money on franchise valuation, that has flattened out a lot for owners who bought recently.

In an interesting piece over at Grantland, social commentator Malcolm Gladwell — he of Blink and Outliers and TED — says that NBA owners shouldn’t expect to make financial profit off a team. He notes that owners get a “psychic benefit,” an emotional benefit from owning the team that is what makes owning a sports team different than owning a car repair shop.

The rationale for the NBA lockout, from the owner’s perspective, goes something like this. Basketball is a business. Businesses are supposed to make money. And when profits are falling, as they are now for basketball teams, a business is obliged to cut costs — which in this case means the amount of money paid to players. In response, the players’ association has said two things. First, basketball teams actually do make money. And second, if they don’t, it’s not the players’ fault. When the two sides get together, this is what they fight about. But both arguments miss the point. The issue isn’t how much money the business of basketball makes. The issue is that basketball isn’t a business in the first place — and for things that aren’t businesses how much money is, or isn’t, made is largely irrelevant….

The Financial Times recently interviewed Diego Della Valle, the chief executive of the Italian luxury goods manufacturer Tod’s. Della Valle owns the celebrated Italian football club Fiorentina. “I ask if the decision to buy the club was made from the heart, or for business reasons,” the Financial Times interviewer writes. Della Valle replies: “With football, business reasons don’t exist.” Exactly.

The question to me has become, “has that attitude changed among owners?” I would say Gladwell’s perspective was true 20 years ago, it has shifted some now. The guys who form a partnership and spend hundreds of millions to get a team — guys who are leveraged — get their psychic benefit but do not let that get in the way of the bottom line. They are the hardliners pushing for change.

But should they feel that way? Or should they enjoy the psychic benefits (and the profits they will make when the team is sold) and stop treating their toy like a business? Not sure there is one simple answer to those questions.

Kevin Garnett on Timberwolves ownership: “They suck”

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Kevin Garnett and the Minnesota Timberwolves are at odds. That should come as no surprise.

Garnett has publicly said that he would like to buy out Timberwolves owner Glen Taylor as opposed to partnering with him in someway for the team. For his part, Taylor has said that Garnett has failed to reach out after the team said they wanted to retire his number.

Then there’s the whole issue that Garnett has with how the team handled Flip Saunders’ death.

It’s a back-and-forth situation, and Garnett isn’t afraid to speak his mind as he did recently with vice sports. Speaking with Michael Pina, Garnett had some very choice words when he was describing the front office and ownership of the Timberwolves.

Via Vice Sports:

I’m more with individuals versus the teams. I’ve gotta admit that. I’ve gotta say that Embiid, Karl-Anthony Towns, Jokic, Porzingis, Damian Lillard, Curry, Durant, I’m enjoying the young bucks, watching young Ingram get better and watching little L. Ball figure it out, you know what I’m saying? I’m checking it all out. I like individuals, not so much on the organizations. Obviously I’m gonna be with Minnesota and the players. Not so much upstairs. I don’t really deal with Minnesota’s upstairs. They suck. But Boston, all day. You know I’m a C ‘till I die. I always root for Brooklyn. But other than that I don’t really get into too many of the upstairs. I’m more watching the guys and watching their progression.

How much do you want to see Kevin Garnett as owner of the Timberwolves? It would be great when he comes into the office at 6 AM every day dressed in a full suit already with a full bead of sweat on.

Kristaps Porzingis leaves game with sore left knee

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Everyone please hold your collective groans until the end.

On Thursday night, New York Knicks big man Kristaps Porzingis had to leave with an apparent left knee injury on a non-contact play against the Brooklyn Nets.

The play happened early in the third quarter when was guarding Brooklyn’s Rondae Hollis-Jefferson. After the play, Porzingis came up wincing on his left knee and immediately asked out of the game.

Via Twitter:

As a publication, the team had only released for that Porzingis would not return to the game against the Nets. For Porzingis’ part, it looks like he is feeling OK for now, although he has yet to be examined for a definitive prognosis. Non-contact injuries seem to give us pause given injuries to players like Derrick Rose, but there’s no reason to panic just yet. He did walk off by his own, so that’s heartening.

Let’s hope Porzingis returns to the floor after a bit of ice and some rest.

NBA “City” jerseys appear to leak via NBA 2K18, and they’re real ugly (PHOTOS)

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We’ve seen NBA jerseys leak accidentally in the past, and the new Nike uniforms haven’t been a well-kept secret.

The new jersey sponsor announced plans for four kits for each team, with the final one supposedly coming late in the year or early in 2018. Now, it seems we have our answer for what Nike’s “City” jerseys will look like for many clubs.

According to the guys over at SportsLogos.net, the popular video game franchise NBA 2K accidentally leaked many of the city jerseys for the teams. There is a huge group of photos for these jerseys, and many of them are absolutely terrible.

Here’s a smattering of some of the worst offenders (although “smattering” is a loose term considering there are a lot to choose from):

The Magic one is an iPhone background, Utah’s is ORANGE, Oklahoma City’s looks like an abbreviation for a regional auto parts store … it just goes on and on like this.

Out of the ones leaked thus far, I see only two universally good ones (although the staggered numbers on the New Orleans ones gives me pause):

What is happening in the NBA with these uniforms?

NBA players’ union joins other sports unions with universal declaration of player rights

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WASHINGTON (AP) — Leaders from the NFL, NBA, NHL and Major League Baseball players associations have helped unveil a universal declaration of player rights that is designed to establish a new approach to governing sports and protecting athletes.

Among the 17 articles laid out in the declaration are rights to unionize and collectively bargain, express opinions freely and receive equal pay for equal work. Here are some of the principles set out in the Declaration:

  • Every player is entitled to equality of opportunity in the pursuit of sport without distinction of any kind and free of discrimination, harassment and violence.
  • Every player has the right to freedom of opinion and expression.
  • The rights of every child athlete must be protected.
  • Every player has the right to share fairly in the economic activity and wealth of his or her sport which players have helped generate, underpinned by fair and just pay and working conditions.
  • Every player has the right to organize and collectively bargain.
  • Every player is entitled to have his or her name, image and performance protected. A player’s name, image and performance may only be commercially utilized with his or her consent, voluntarily given.
  • Every player has the right to a private life, privacy and protection in relation to the collection, storage and transfer of personal data.
  • Every player must be able to access an effective remedy when his or her human rights are not respected and upheld. This is particularly crucial given the highly skilled yet short term and precarious nature of the athletic care

Executive directors DeMaurice Smith of the NFL Players Association, Michele Roberts of the National Basketball Players Association, Don Fehr of the NHL Players’ Association and Tony Clark of the Major League Baseball Players Association are part of the group of more than 100 unions that released the declaration.

The launch of the universal declaration of player rights comes on the heels of Colin Kaepernick and other NFL players kneeling or sitting during the national anthem to protest racial inequality and police brutality.