Report: Barclays Center not making nearly as much money as expected

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It’s a little tough to judge the financials of the Barclay Center on its own — buildings tend to have much higher expenses the first year (marketing is higher, for example) plus the real purpose of the arena is to anchor a full scale commercial and residential development around it. The Atlantic Yards is what can make the developers — which now includes Nets owner Mikhail Prokhorov — money in the long run.

Still, in the short run the arena is not doing as well as expected.

That’s the report from the Wall Street Journal, with Nets Daily providing some detail for us.

Eliot Brown of the Journal writes that the arena will produce about $26 million in operating income in its first year, 2/3rds of the $76 million projected … and less than what the arena has to pay out to its bondholders.

Forest City Enterprises which owns 55 percent of the arena operating company attributes the shortfall to the opening costs, “to make a big splash in the first year, investing heavily in marketing, customer service and securing top acts,” writes Brown. Indeed, the arena has been the nation’s top grossing venue for concerts and family shows through the first three quarters of year one … and second in the world.

This will have no impact on the Nets — they are the star tenant of that building and Prokhorov is showing he is willing to spend on them.

He gets the big picture, that he’s going to make his money on the real estate end of this deal once the residential/commercial area of the Atlantic Yards takes off. The Nets are part of what makes that area attractive. He can afford a few losses along the way to get it up and running.

2017 NBA playoffs have been historically uncompetitive

AP Photo/Elise Amendola
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The NBA Finals so many wanted to see – Cavaliers-Warriors III – is here.

At least it will be.

Today is the first of six off days before the 2017, which begin June 1 in Oakland.

The lengthy delay is the product of an underwhelming postseason featuring few competitive series and numerous blowouts.

Golden State swept its way through the West, and Cleveland dropped only one game (to the Celtics in the conference finals) while winning the East. There have been only two Game 7s, but considering the magnitude, neither felt that compelling. Blake Griffin‘s injury undercut the Clippers against the Jazz, and Celtics over Wizards felt inevitable with home teams winning each game of the series. Between, there have been several lackluster games and series.

There have been just 74 playoff games this year – the fewest before the Finals since since the NBA instituted a best-of-seven first round in 2003:

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That’s 74 of a possible 98 games – 76%, the lowest since 1999 and seventh-lowest ever.

Even if the Finals go seven games, it will be the fewest games in a postseason since 2007. If the Finals go five or fewer games, it’ll be the shortest postseason in this playoff format.

And it hasn’t just been quantity. The quality of games has been lacking, too.

Though there were more blowouts last year by nearly any measure, the 2017 postseason’s average margin in pre-Finals games (13.5) is fifth-highest all-time and second-highest since 1959 (behind 2016, 14.2).

Combine the two factors, and these are the drabbest playoffs in nearly 50 years. Here’s each postseason plotted by average margin in pre-Finals games and percentage of possible games pre-Finals:

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This probably just confirms what you’ve seen: The 2017 playoffs have been in a rut.

We’re all counting on the Cavaliers and Warriors to salvage this postseason, but considering how deep the hole is, anything less than an epic Finals probably won’t cut it.

Kyrie Irving crosses over Avery Bradley, hits 3-pointer (video)

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Avery Bradley got around one screen then, thanks to Kyrie Irving‘s excellent ball-handling, lunged at another that wasn’t coming as Irving hit a 3-pointer.

LeBron James beautifully pass-fakes, makes layup in transition (video)

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LeBron James is a treasure.

Shaquille O’Neal’s big toe is seriously jacked up (PHOTO)

shaq o'neal
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Remember how we we all freaked out when we saw pictures of LeBron James‘ feet back in 2013?

You probably didn’t want to be reminded that it existed, but it does. Still. And apparently jacked up feet is the consequence of a lifetime of playing professional basketball. Once can only assume it has something to do with tight shoes and constant, hard changes of direction in said tight shoes.

We got yet another vision of what basketball shoes can do to feet on Thursday when TNT analyst Shaquille O’Neal showed off his, er, little piggies.

Much to the horror of the Internet in general, it was Shaq’s right big toe that took social media by storm. Mostly because it’s not even close to pointing in the right direction.

I’m going to show you what it looks like. Be forewarned, it might just be NSFL.

Via Twitter:

Oh. Oh … why?

Social media reacted appropriately and proportionately:

Shaq did have issues with that toe during the course of his career, and at one point it was so bad that he had to have surgery to remove bone spurs from the toe in 2002.

That still doesn’t explain why it’s all over your TV and the Internet, but here we are. I am sorry.