It has been one of the more interesting sidebars to the entire NBA lockout:
From the start the NBA owners have said they lost $300 million last year, $400 million the year before and money pretty much every year in the past decade. The players and plenty of others have called that, um, well let’s say fertilizer. They note that the losses include debt service on loans to buy teams and when owners do things like own the arena and team there’s plenty of ways to have the money shift pockets.
In an article at Forbes.com Wednesday talking about the lockout math, the magazine once again took shots at the owners’ claims of loss. (Hat tip to Zach Lowe.)
When you tally the aggregate projected operating incomes of all 30 NBA teams, this yields a surplus of $182.6 million. Granted, Forbes may not be privy to all the financial data that ultimately determine a team’s financial position…and their estimates have come under scrutiny before for this reason.
But $482.6 million off? That seems a stretch. Even if Forbes’ operating income estimates are inflated by 25% (which I seriously doubt), you’re still looking at $137 million in aggregate profits.
I don’t think you’ll find anyone who isn’t paid to slide on an NBA uniform who didn’t think the old NBA Collective Bargaining Agreement needed changing. There were issues. But the idea that the owners needed to damage the game like this because of the massive financial losses they incurred remains questionable. At best. Which makes their hardline fighting all the more ridiculous.
Carmelo Anthony is now a member of the Oklahoma City thunder.
Man that is still really weird to type.
But this has been an insane offseason, and nevertheless the former New York Knicks forward is now a teammate of Russell Westbrook and Paul George.
We are not sure how these teammates are going to play together next season given their propensity for high-usage play, but we are definitely all ready to watch it very soon.
Meanwhile, Anthony was greeted by fans in Oklahoma at the airport after arriving to be with the team.
Do you think this will get Carmelo to stay in OKC?
Guess we will just have to find out.
Dwyane Wade and the Chicago Bulls reached a buyout agreement — he will take an $8 million haircut to become a free agent. Not that we should feel bad for Wade, I wish someone would pay me $15 million to go away.
The next question: Where will Wade play this season?
The smart money is on Cleveland, but it’s not that simple. Adrian Wojnarowski of ESPN got the ball rolling, but others chimed in.
OKC is an interesting option on the court, if their ownership group is willing to eat a little more tax to make it happen (the Thunder would pay about $24 million, based on their current payroll). Alex Kennedy of Hoopshype shed a little more light on that and other options.
It’s probably going to be the Cavaliers — his good friend LeBron James is there, they are the best team in the East so a trip to the Finals (and a shot at a ring) are very possible, and he could start for them. That’s probably enough to get the deal done.
Expect Wade to take a little time with this decision. Veterans are not big fans of training camps, he may be willing to miss a little, spend some time with the family, listen to pitches, then choose
Cleveland where he wants to play this season.
CHICAGO (AP) A person with knowledge of the situation says the Chicago Bulls and forward Nikola Mirotic have agreed to a two-year contract that could pay as much as $27 million.
The person spoke to The Associated Press on the condition of anonymity Sunday because the deal has not been announced. The Bulls hold an option on the second year.
The 6-foot-10 Mirotic averaged 10.6 points last season. He has scored 10.8 per game over three seasons.
The Bulls are rebuilding after winning 41 games and losing in the first round of the playoffs. They traded All-Star guard Jimmy Butler to Minnesota on draft night for three players 23 and younger – Zach LaVine, Kris Dunn and the rights to No. 7 overall pick Lauri Markkanen.
Yahoo Sports first reported the agreement.
More AP NBA: http://www.apnews.com/tag/NBAbasketball
The WNBA has been no stranger to demonstrations of social conscience in recent years. On Sunday, things were no different.
Before the Game 1 of the 2017 WNBA Finals, both the LA Sparks and Minnesota Lynx participated in their own pregame demonstrations.
The Sparks, similar to many NFL teams on on Sunday, stayed inside the locker room during the national anthem. The Lynx decided to take the court, but linked arms in their own show of solidarity.
This came in response to Trump’s recent comments about Colin Kaepernick. The former “Trump Steaks” founder called anybody who “disrespects our flag” a “son of a bitch”.
That prompted many NFL team mates to join together in their own demonstrations, either kneeling for the national anthem or staying inside their locker rooms.
Trump also decided to disinvite the Golden State Warriors after star Stephen Curry said that he would vote know heading into a team meeting to discuss whether they should visit the White House as the reigning NBA champions.
That prompted response from several players around the NBA and in Golden State, as well asWarriors coach Steve Kerr, who asked for Trump to remember that he represents the entire nation and not just his constituency.
Meanwhile, Game 1 of the Finals was pretty incredible with the Sparks winning thanks to a Chelsea Gray jumper with two seconds left to make it 85-84. LA leads Minnesota in the series 1-0.