NBA owners not going to make profit this season, league says

13 Comments

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.

D’Angelo Russell says weather played ‘major part’ in picking Warriors over Timberwolves

Hannah Foslien/Getty Images
Leave a comment

D'Angelo Russell wants to play with Karl-Anthony Towns. Towns’ Timberwolves were reportedly interested in Russell last summer.

Why did Russell join the Warriors instead of Minnesota?

Russell, via Chris Hine of the Minneapolis StarTribune:

“I thought the opportunity here was amazing … ” Russell said after Warriors shootaround Friday. “It was definitely something I was considering very strongly. But then when this opportunity came, the weather is way better, so that helped me.”

“I did my first winter in New York and that was tough,” Russell said. “So to get the opportunity to go somewhere where it’s warm again, I think that played a major part in my plan.”

I don’t blame him one bit.

Russell grew up in Kentucky then finished high school in Florida. He spent his first couple NBA seasons with the Lakers.

He also played collegiately at Ohio State and a a couple years for the Nets. In other words, he spent enough time in cold-weather locations to know how miserable they can be.

This is an issue that will always hinder teams like the Timberwolves. It doesn’t mean they can’t attract free agents. It’s just a disadvantage.

There will always be players who don’t have multiple max offers. Minnesota can separate itself with money, playing time and other considerations.

But good for Russell for playing himself out of that group and earning a max contract in the Bay Area.

Kyrie Irving (shoulder) out for Nets-Pacers

Bart Young/NBAE via Getty Images
Leave a comment

Kyrie Irving missed the Nets’ win over the Bulls on Saturday.

He’s not healthy enough to play the Pacers tonight.

Nets public relations:

Kyrie Irving (right shoulder impingement) is OUT.

Brooklyn (5-7) lags behinds Indiana (7-6) in the Eastern Conference’s middle morass. The Nets must try to catch up in the playoff race without their best player.

But it’s a long season. Brooklyn has plenty of time to gain ground. Spencer Dinwiddie is capable in relief, and the unselfish Nets can create ball movement while Dinwiddie rests.

I’m more concerned about next week. A segment of Brooklyn’s schedule:

  • Nov. 24 at Knicks
  • Nov. 25 at Cavaliers
  • Nov. 27 at Celtics

That’s the team Irving spurned in free agency, the team Irving requested a trade from and the team Irving just left after pledging to re-sign. Those are juicy matchups. Hopefully, Irving is healthy enough to play in all three.

Ray Allen says he would’ve returned to Celtics if they signed Kevin Durant in 2016

Elsa/Getty Images
Leave a comment

Ray Allen left the Celtics on bad terms in 2012. He finished his career with the Heat in 2014.

But Allen apparently could have come back with Boston in 2016… if Kevin Durant signed there first.

Allen, via Darren Hartwell of NBC Sports Boston:

“I had a conversation with (Ainge) and I told him this was my last-ditch effort. I would’ve went back,” Allen said on WEEI’s “Ordway, Merloni & Fauria” radio show.

“This was when Kevin Durant was a free agent. He was thinking about going to Boston. And I said, ‘Hey, if you guys land Kevin, I would certainly look at lacing them back up one more time and try to make something good happen here in Boston.’ “

This is a fascinating “what if?” – for the Celtics on the court and for Allen’s legacy in Boston.

But it also probably didn’t come close to happening. Durant said his top two choices in 2016 free agency were the Warriors and Thunder. Even Allen himself said he never neared a comeback.

Still, it’s interesting – after all the animosity – Allen even spoke to Celtics president Danny Ainge about returning.

European coach berates his players: ‘You’re good guys. F— you’ (video)

Mikhail Serbin/Euroleague Basketball via Getty Images
1 Comment

Remember Luigi Datome? He spent a couple seasons with the Pistons and Celtics.

He makes an appearance in this wild video featuring Fenerbahce coach Zeljko Obradovic (warning: profanity):

A partial transcript the best I could muster:

YOU’RE GOOD GUYS. IN YOUR EYES, YOU’RE GOOD GUYS. F— YOU, EVERYBODY! F— YOU, OK!

F— YOU, GIGI DATOME. OK? SHAME ON YOU. AND YOU…

Festivus isn’t for another month, but someone is already ready for the airing of grievances.