NBA releases books showing $1.85 billion loss over six years

10 Comments

The league office has been working hard in recent days to make its case that the NBA owners are losing money. Big money.

They have now released some audited net income numbers — money left after all the costs are put out — to Forbes in an effort to make a more definitive case.

The following numbers are audited figures. If the projected figures are correct, the NBA will have lost $1.845 billion over the last 6 years, not turned a profit, as reported (in the New York Times).

Those numbers show a handful of teams — the Lakers, Bulls and Knicks for example — turning profits while a majority of teams lose money. The largest league loss was for $370 million in the 2008-09 season, while last season was $300 million. The players union disputes those numbers still, we need to add.

We also need to remind you that the players are a fixed cost for the league — the players get 57 percent of the gross basketball related income that the league takes in. Every year. That may be a high percentage (although not wildly out of line with the NFL an MLB) but it is a known number. What are driving losses for the owners is a rise in non-player expenses (that is supposed to be up 43 percent in the last five years).

Forbes also talks about a fix, which involves compromise.

For the NBA to get on any form of solid footing, there is going to have to be significant concessions by both the players and owners. When you see a trend of well over half your clubs running at a loss, there’s a problem that needs addressing.

With local television rights deals driving the economic disparity, the NBA owners are going to need to look at MLB’s revenue-sharing model closely.

In terms of the players, some ability to allow competitive balance has to come into play. Since owner can’t seem to self-regulate like Major League Baseball, then some adjustment of the cap has to be considered – other methods to allow cost certainty.

Compromise is the only way a deal is going to get done. But until there is real pressure — until the threat of lost revenue from games and lost paychecks gets closer — there is not motive to compromise. So we sit and watch two sides with their heels dug in for a summer lockout. And we hope when time for a compromise does come around, both sides are willing to do it.

Geeking out on NBA prospects: R.J. Barrett almost dunks from free throw line, Zion Williamson does

Getty Images
3 Comments

Duke is stacked this coming season. STACKED. They should have three lottery picks in next year’s draft. (Does that mean they are the team to beat in the NCAA? That’s not the way basketball works. But that’s another discussion.)

Duke is in Toronto for a series of preseason exhibition games, and at the end of the workout likely No. 1 pick next June, R.J. Barrett tried to show off by almost dunking from the free throw line.

Then freak of nature Zion Williamson showed him how it’s done.

That’s worth more looks.

Damn Zion is a freak of nature. Can we just put him in the next dunk contest now?

Nancy Lieberman says more women need to follow coaching footsteps in NBA

Getty Images
Leave a comment

Whenever we discuss women assistant coaches in the NBA, the topic is usually Becky Hammon getting job interviews or being moved to the front row of seats in San Antonio. Occasionally it’s a discussion of Nancy Lieberman’s job in Sacramento — or the fact she is now a head coach in Ice Cube’s Big3 — or Jenny Boucek in Dallas.

However, when Lieberman discussed women coaches on the CBS Sports Network, she was asking a bigger question:

Who steps up next?

She has discussed the NBA version of the “Rooney Rule” before. Currently, it’s not anywhere near becoming a reality, whatever you think of the idea.

However, there needs to be real opportunities for women to get a foot in the NBA door, and more of them. Including at the entry level. There are qualified women out there, but it can be tough to crack the “old boy’s network” of the NBA coaching carousel — head coach and assistant. It exists in part because head coaches (and GMs) usually hire people they trust and worked with before, and right now those are men. Give women a chance at those entry-level positions and the dynamic starts to change.

Lieberman has been a groundbreaker her entire career. She and others are doing in the NBA again, but she’s right, the big win is changing the dynamic for the next generation. And the one after that.

In no-brainer move, Nets reportedly guarantee Spencer Dinwiddie’s $1.65 million contract

Getty Images
2 Comments

Spencer Dinwiddie has worked hard at his game — I remember seeing him struggle some at his first Summer League and someone I trust telling me “watch this guy, he’s got the drive, he will make it” — and he is now a solid rotation NBA point guard that Brooklyn coach Kenny Atkinson can trust. He averaged 12.6 points per game last season with an above-average PER of 15.9.

He’s also on a steal of a current contract, so it makes sense the Nets are picking that up (it technically didn’t have to be guaranteed until Halloween). Adrian Wojnarowski of ESPN had the report.

https://mobile.twitter.com/wojespn/status/1029496077320257536

Next summer, Dinwiddie is a free agent. While he’s not going to break the bank, he’s a young, solid backup point guard that a lot of teams could use and he’s going to get a nice pay raise.

Carmelo Anthony on his role with Rockets: “Let’s just let it play out”

Getty Images
2 Comments

From the moment it became clear Carmelo Anthony was going to join the Rockets — which was a long time before he actually signed the contract on Monday — the questions started:

Would he accept a reduced role with the Rockets? Maybe come off the bench? Be Olympic ‘Melo and blend in with the team?

Coach Mike D’Antoni said he spoke with Anthony and said the player is open to coming off the bench, but he’s not sure what ‘Melo’s role will be. When ambushed by TMZ trying to walk to his car, Anthony said basically the same thing.

“Let’s just let it play out, though. I don’t even know what’s going on. I just signed, let it start first.”

Anthony coming off the bench, being the fulcrum of the offense when James Harden and Chris Paul are on the bench makes some sense (CP3 and Harden are better and more efficient shot creators than Anthony at this point). It’s a chance for Anthony to get his touches and help the other two rest. However, the idea of Anthony starting the first and third quarters and getting heavy touches then but sitting more later is not out of the question.

At the end of close games, D’Antoni is more likely to lean on James Ennis — a long, switchable defender who can shoot threes in the Trevor Ariza mold — than Anthony. It will be just a better fit. Will Anthony roll with that? Will it cause problems in the locker room?

Let’s just let it play out.