2021 NBA OFFSEASON THREAD: Media Day...SHENANIGANS

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osh kosh bosh said:
yah I don't agree,
if that were true, you'd see franchise flipping all the time,
rather people hang onto them until they are in the grave or need to sell because they know their airs aren't into the team,
so they can name their successor (yet another indication this less about profit incentive and more about intangible benefits, naming your successor only matters if view it as more than just raw business)

plus there's opportunity cost
The jazz sold for 1.7 billion, according to Forbes they made 60 mill in profits last year pre pandemic.

1.7 billion is a lot to lay out for a possibility 60 mill in a good year, especially if you borrow and have to service the debt


I can't imagine any billionaire thinks buying a sports team is the best think you could be doing with 1.7 billion in cash.
you can make much smaller bets with much bigger returns as a VC.
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The profits are a fake number for all intents & purposes.

There are significant tax breaks involved in ownership, of course you get that with owning anything at that level of wealth but those alternative investments likely don’t exist in a similar ecosystem as a pro sports team - no real competitors, a complete monopoly on the best talent currently & in the future, no slowdowns in sight

antidope antidope explained it well, we touched on it a few weeks ago when someone posted how low Balmer’s effective tax rate was, even compared to someone like LeBron
 
had pants said:
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ill steelo said:
The profits are a fake number for all intents & purposes.

There are significant tax breaks involved in ownership, of course you get that with owning anything at that level of wealth but those alternative investments likely don’t exist in a similar ecosystem as a pro sports team - no real competitors, a complete monopoly on the best talent currently & in the future, no slowdowns in sight
Click to expand...

yah agree to disagree imo;
Bottom line if you have 1.7 billion dollars and someone tells you that the best use of that money is an NBA team, that person is a fool.
There are plenty of other investments that offer more return, and less upfront cost than an NBA franchise/

**** put your money in a hedge fund,
and you can get bigger returns without having to worry if you can draft or recruit free agents.


antidope antidope explained it well, we touched on it a few weeks ago when someone posted how low Balmer’s effective tax rate was, even compared to someone like LeBron
Click to expand...

if you are a billionaire you can avoid taxes just fine without a sports team, there is not some unique tax advantage that comes with a sports team.
you can not pay taxes with your money in a hedge fund.

the real money comes when you flip...yet people don't flip often if ever.

why? because it's more about intangible things than it is about hard dollars and sense.
 
osh kosh bosh said:
yah agree to disagree imo;
Bottom line if you have 1.7 billion dollars and someone tells you that the best use of that money is an NBA team, that person is a fool.
There are plenty of other investments that offer more return, and less upfront cost than an NBA franchise/

**** put your money in a hedge fund,
and you can get bigger returns without having to worry if you can draft or recruit free agents.




if you are a billionaire you can avoid taxes just fine without a sports team, there is not some unique tax advantage that comes with a sports team.
you can not pay taxes with your money in a hedge fund.

the real money comes when you flip...yet people don't flip often if ever.

why? because it's more about intangible things than it is about hard dollars and sense.
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Yeah no man... Hedge funds have given you NOTHING for the last decade plus and are primed to do so going forward.

The hedge fund index is up 4.25% annualized over the last decade. That is garbage. Not to mention that index is totally flawed due to self reporting & survivorship bias the actual returns are meaningfully lower. The S&P is up 16.3% annualized over that same period and you're not paying 2 & 20 for that. Hedge funds suck.

If you were trying to save money on taxes a hedge fund would be the LAST thing you would go into.

Not sure where you got the idea that you could not pay taxes by being in a hedge fund that is basically the opposite of true. They're very tax inefficient.
 
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Like most things, I’d think the motivation of someone to buy a sports franchise is going to vary from person to person and depends on just how wealthy the person is. Someone who has the cash to buy a big 4 sports franchise themselves with no assistance and has big income from multiple streams, like Ballmer, is not doing acquiring the team mainly for the investment. The challenge, the competitionSame with Jeff Bezos if he decides to buy a team one day.

Probably different for someone who isn’t on that level financially and is just part of an ownership group.
 
osh kosh bosh said:
yah agree to disagree imo;
Bottom line if you have 1.7 billion dollars and someone tells you that the best use of that money is an NBA team, that person is a fool.
There are plenty of other investments that offer more return, and less upfront cost than an NBA franchise/

**** put your money in a hedge fund,
and you can get bigger returns without having to worry if you can draft or recruit free agents.




if you are a billionaire you can avoid taxes just fine without a sports team, there is not some unique tax advantage that comes with a sports team.
you can not pay taxes with your money in a hedge fund.

the real money comes when you flip...yet people don't flip often if ever.

why? because it's more about intangible things than it is about hard dollars and sense.
Click to expand...
You don’t have to “worry” about draft & free agency tho, that’s the point :lol: The value of the league & your investment rises significantly regardless of any of that. And you’re not flipping anytime soon because by & large you only get out of something if the growth story fundamentally & significantly changes for the worst, which hasn’t happened in forever & is unlikely to looking ahead decades into the future, which is the other point. It’s almost a complete risk-averse way to keep compounding your worth.

To your point about hedge funds, you’re sounding beyond your depth, respectfully.
 
BIG FISH said:
Wonder when we’ll stop acting like Aaron Gordon was robbed vs Zach in that dunk contest.

The stuff Zach was doing was far from regular lol.
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Nope, once Gordon pulled out the dunk where he went under his legs with the mascot, Lavine who is a one leg jumper kept doing the same dunk from different angles. Nothing left in his catalog could top what Gordon was doing at that point.

Reminded me of Barkley, during the T.Ross dunk contest. “He’s a two foot jumper doing the same dunk from different angles, what are these people and judges getting excited about?”
 
It just depends on which rule set you’re judging a dunk contest on. If you think the best dunk wins the overall contest it’s fair to say Gordon had the best single dunk
 
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