If you believe the league’s numbers — and we’re still skeptical, to put it kindly — the NBA was a long way from turning a profit, they predicted a $300 million loss last year.
A few months into the new collective bargaining agreement that is far more favorable to the owners (no matter what Mark Cuban thinks), the league has not turned those losses around. At an All-Star Weekend press conference Deputy Commissioner Adam Silver said that the league will not turn a profit this year and may not next year.
It seems odd to say that at a time when NBA television ratings are skyrocketing and attendance is up overall. The players have taken pay cuts to lower costs. So costs are down, the NBA’s popularity is booming and profits are not?
Henry Abbott went into more detail and shows why there is some logic to that at TrueHoop.
The explanation from the league is that the cuts in player costs roughly match the losses from last year. But this year the league says there were an additional $200 million in losses related to the lockout, for instance due to lost ticket revenue and corporate sponsorships that didn’t happen.
More importantly, popularity only equals big changes in revenue over years. The most obvious way that happens is with more lucrative national TV deals, but the old deals are still in place for two more years. High TV ratings have not meant new TV revenues for the league. Corporate sponsorships similarly take time to develop.
Where the popularity will really show is in local television and other media deals, particularly the national broadcast rights which are up in 2016. But the league is right, it’s a year or several years before those eyeballs can be converted to cash. Now, if we’re having this same discussion if five years, if the league can’t turn all those additional eyeballs into profits, then they are doing it wrong.
Once again, Kobe Bryant‘s career arc is being compared to Michael Jordan’s.
There’s a lot of reason’s that’s flawed — starting with Kobe being drafted on to a Lakers team that had Shaquille O’Neal and was already considered NBA elite, as opposed to Jordan working to build a franchise up. That said, Kobe has invited the Jordan comparison at times and it has been a constant through is career. Fair or not.
Kobe is coming back this fall after seasons of injury to the NBA and those comparisons continue — now to the Wizards’ version of Jordan. And Kobe is not at all fond of that, as he told Sam Amick of the USA Today.
“This is uncharted territory,” he said. “My 37 (years old) isn’t MJ’s 37 (when he returned after taking two seasons off to play for the Washington Wizards), you know what I mean? Nor is it the same team or the same system that he was playing in. It’s much, much different. There’s really no barometer, no (precedent) for training physically, for recovery. It’s uncharted territory.”
Kobe is right. Jordan had four+ seasons off by the time he was 37 and was not coming off multiple major surgeries.
Kobe is entering his 20th NBA season and what any real basketball fan should wish for him is health. Let him play one full season (with limited minutes and nights off), let him get to the final game of this season next April and make his own decision on his future. Let him leave the game on his own terms.
That said, if Kobe can average Jordan’s numbers at that age — 22.9 points, 5.7 rebounds and 5.2 assists per game — it will be a major accomplishment, and the Lakers will have a better record than many of us expect.
And Kobe may want to play a 21st season as well.
MILAN (AP) — The Boston Celtics eased to a 124-91 victory over Olimpia Milano at the Mediolanum Forum on Tuesday, comfortably winning the first of a double-header in Europe as part of the NBA Global Games.
Isaiah Thomas led the way for the Celtics with 18 points, including nine in his first seven minutes after coming off the bench midway through the first quarter.
Jared Sullinger added 14 points, as did Avery Bradley, who also had four three-pointers, while David Lee weighed in with 13 as well as seven rebounds and three assists.
Alessandro Gentile – who is reportedly wanted by the Houston Rockets, who hold NBA rights to the 22-year-old – top scored for Milano, with 19 points.
Next up for the Celtics is Real Madrid in Spain on Thursday.