Stern: Only 5-7 NBA Teams are Profitable?

[osh kosh bosh]

[h1]http://realgm.com/src_wiretap_archives/55060/20081024/exec_5_to_7_teams_are_profitable/[/h1]

[h1]Exec: '5 To 7' Teams Are Profitable[/h1]

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Oct 24, 2008 4:09 PM EST

NBA commissioner David Stern claims that only half of the teams in the league are making a profit, but an executive believes that only "five to seven" are doing well.

"If you are alive in this world and you have access to that ancient form of communication - the newspaper, which I do and I have - you can't help reading the headlines with what's going on," Stern said. " ... So if you're having a business discussion, you just have to understand what's going on in the world around you, and we did that. That said, the owners were remarking upon the strength of the sports business and the value that it provides."

One team executive told Newsday on Thursday that owners are worried about the economic downturn and might be inclined to let the current CBA with the NBA Players Association expire after the 2010-11 season rather than extend it.

That executive said only "five to seven" NBA teams are profitable.

"You're going to have owners pushing for a better deal," said the executive. "This is one of the years the NBA is worried that overall revenues may be a little bit down."


Damn how I wonder which teams are actually profitable and also why the hell are the Grizzlies still in Memphis? Toronto, Knicks, Lakers, Phoenix, andBoston?

 

[daprescription]

I would think that Cohan is making something.

 

[potus2028]

My guesses would be Lakers, Celtics, McCains, Cavs, Nuggets, Knicks and...a wild card...

 

[qpitfighter]

I wonder if this will affect the WNBA. I believe every team there are unprofitable.

 

[i nasmatic i]

lakers, celtics, mavericks, cavaliers, pistons

 

[pharelfor3]

I assumed the Knicks have to be successful to be profitable. I dont know.

 

[pr0phecy718]

Originally Posted by PharelFor3

I assumed the Knicks have to be successful to be profitable. I dont know.

 

[stringer bell 32]

I'm gonna guess that the large market teams are the ones making a profit

New York
Chicago
LA
Dallas
San Antonio
Detroit
????

 

[dyyhard]

wild card - Houston bc of the guy that is on the cusp of retiring.

 

[in yo nostril]

absolute bs. looks like they are already setting it up to let the CBA expire.....

 

[in the line for viis]

I would guess Warriors are making a good amount of money seeing as how they have the record for largest attendance for a basketball game in California. Othersare Lakers, Raptors, Pistons, Spurs...

 

[brownin187]

Probably the big market teams: L.A, New York, Toronto, Chicago, Boston/Dallas....I assume Cleveland does well just off LBJ.

 

[jmause3]

New York
LA
Boston
Chicago
Toronto
Spurs
Phoenix

 

[Retroballer]

it has to be Houston

they have china

 

[dlsilva21]

Originally Posted by RetroBaller

it has to be Houston

they have china

That's what I was thinking... Yao's following leaves me in awe.

 

[gregbutler20]

You know it's bad when hoopers might be losing jobs.

 

[trelvis tha thrilla]

One of them has to be the Mavs

The Mavs have sold out 276 consecutive regular season games at AAC and 333 games including the pre and postseasons (20 consecutive preseason sellouts). Dallas currently owns the longest running sellout streak in the NBA. The Sacramento Kings previously held the streak.

 

[eurolove]

NBA Team Valuations
12.06.07, 6:00 PM ET
[table][tr][td]Rank[/td] [td]Team[/td] [td]Current Value [sup]1[/sup] ($mil)[/td] [td]1-Yr Value Change (%)[/td] [td]Debt/Value [sup]3[/sup] (%)[/td] [td]Revenue [sup]4[/sup] ($mil)[/td] [td]Operating Income [sup]5[/sup] ($mil)[/td] [/tr][tr][td]1[/td] [td]New York Knicks[/td] [td]608[/td] [td]3[/td] [td]0[/td] [td]196[/td] [td]-42.2[/td] [/tr][tr][td]2[/td] [td]Los Angeles Lakers[/td] [td]560[/td] [td]-2[/td] [td]15[/td] [td]170[/td] [td]31.8[/td] [/tr][tr][td]3[/td] [td]Chicago Bulls[/td] [td]500[/td] [td]9[/td] [td]11[/td] [td]161[/td] [td]59.3[/td] [/tr][tr][td]4[/td] [td]Detroit Pistons[/td] [td]477[/td] [td]11[/td] [td]0[/td] [td]154[/td] [td]39.2[/td] [/tr][tr][td]5[/td] [td]Houston Rockets[/td] [td]462[/td] [td]5[/td] [td]15[/td] [td]149[/td] [td]29.7[/td] [/tr][tr][td]6[/td] [td]Dallas Mavericks[/td] [td]461[/td] [td]-1[/td] [td]27[/td] [td]140[/td] [td]-1.6[/td] [/tr][tr][td]7[/td] [td]Cleveland Cavaliers[/td] [td]455[/td] [td]20[/td] [td]44[/td] [td]152[/td] [td]31.9[/td] [/tr][tr][td]8[/td] [td]Phoenix Suns[/td] [td]449[/td] [td]10[/td] [td]39[/td] [td]145[/td] [td]37.3[/td] [/tr][tr][td]9[/td] [td]Miami Heat[/td] [td]418[/td] [td]2[/td] [td]42[/td] [td]131[/td] [td]17.9[/td] [/tr][tr][td]10[/td] [td]San Antonio Spurs[/td] [td]405[/td] [td]4[/td] [td]14[/td] [td]131[/td] [td]15.5[/td] [/tr][tr][td]11[/td] [td]Boston Celtics[/td] [td]391[/td] [td]6[/td] [td]46[/td] [td]117[/td] [td]18.3[/td] [/tr][tr][td]12[/td] [td]Sacramento Kings[/td] [td]385[/td] [td]2[/td] [td]22[/td] [td]128[/td] [td]20.5[/td] [/tr][tr][td]13[/td] [td]Philadelphia 76ers[/td] [td]380[/td] [td]1[/td] [td]17[/td] [td]112[/td] [td]-2.8[/td] [/tr][tr][td]14[/td] [td]Toronto Raptors[/td] [td]373[/td] [td]18[/td] [td]44[/td] [td]124[/td] [td]28.8[/td] [/tr][tr][td]15[/td] [td]Washington Wizards[/td] [td]348[/td] [td]4[/td] [td]48[/td] [td]112[/td] [td]11.6[/td] [/tr][tr][td]16[/td] [td]Utah Jazz[/td] [td]342[/td] [td]15[/td] [td]5[/td] [td]114[/td] [td]5.7[/td] [/tr][tr][td]17[/td] [td]New Jersey Nets[/td] [td]338[/td] [td]4[/td] [td]62[/td] [td]102[/td] [td]-1.3[/td] [/tr][tr][td]18[/td] [td]Indiana Pacers[/td] [td]333[/td] [td]-2[/td] [td]14[/td] [td]107[/td] [td]-1.3[/td] [/tr][tr][td]19[/td] [td]Orlando Magic[/td] [td]322[/td] [td]14[/td] [td]19[/td] [td]92[/td] [td]4.6[/td] [/tr][tr][td]20[/td] [td]Denver Nuggets[/td] [td]321[/td] [td]4[/td] [td]16[/td] [td]104[/td] [td]-4.8[/td] [/tr][tr][td]21[/td] [td]Golden State Warriors[/td] [td]309[/td] [td]16[/td] [td]24[/td] [td]103[/td] [td]1.3[/td] [/tr][tr][td]22[/td] [td]Minnesota Timberwolves[/td] [td]308[/td] [td]0[/td] [td]16[/td] [td]103[/td] [td]-1.9[/td] [/tr][tr][td]23[/td] [td]Memphis Grizzlies[/td] [td]304[/td] [td]-3[/td] [td]49[/td] [td]98[/td] [td]-10.9[/td] [/tr][tr][td]24[/td] [td]Los Angeles Clippers[/td] [td]294[/td] [td]3[/td] [td]0[/td] [td]98[/td] [td]9.8[/td] [/tr][tr][td]25[/td] [td]Charlotte Bobcats[/td] [td]287[/td] [td]4[/td] [td]52[/td] [td]93[/td] [td]5.3[/td] [/tr][tr][td]26[/td] [td]Atlanta Hawks[/td] [td]286[/td] [td]4[/td] [td]25[/td] [td]95[/td] [td]9.7[/td] [/tr][tr][td]27[/td] [td]New Orleans Hornets[/td] [td]272[/td] [td]10[/td] [td]55[/td] [td]91[/td] [td]10.2[/td] [/tr][tr][td]28[/td] [td]Seattle SuperSonics[/td] [td]269[/td] [td]0[/td] [td]52[/td] [td]81[/td] [td]-5.7[/td] [/tr][tr][td]29[/td] [td]Milwaukee Bucks[/td] [td]264[/td] [td]1[/td] [td]21[/td] [td]88[/td] [td]1.7[/td] [/tr][tr][td]30[/td] [td]Portland Trail Blazers[/td] [td]253[/td] [td]10[/td] [td]41[/td] [td]82[/td] [td]-25.1[/td] [/tr][/table]

 

[arog27]

Bulls ...no doubt.

 

[outacontrol music]

Good lookin on that list



WOW @ the Cavs doing better than Boston

 

[N41D]

The Mavericks sell out games like crazy, but I wouldn't doubt if they were in the red right now because Cuban is paying luxary tax dollars out hisrear-end...

 

[nike god]

Stern's such a liar.

 

[juan baller]

Hopefully this is the impetus that gets Stern fired. I'll never understand how the owners allow Stern to take home $11 million a year in base salary andflush another $12 million down the toilet each year to keep the WNBA afloat... meanwhile some NBA teams aren't even turning a profit.

 

[memphisboi55]

why the hell are the Grizzlies still in Memphis?
why the hell you asking that?

 

[jordannb23]

stern is a liar