Friday, January 7, 2011

The Numbers Never Lie

Below is a great link which share some important numbers and how NBA teams and a proposed revenue sharing agreement with NBA players will not help small market teams survive. Its funny how most basketball fans think that owning an NBA team is a great way to make money. Those of us who study numbers for a living know that most of the NBA's teams make little or no money year in and year out while the players continue to make huge salaries.

Owners in the BSN face this same issue as players continue to demand large salaries while most teams lose money hand over fist. Look at Carolina Gigantes, one of the best run teams and most successful teams in the league is now decided to recess for a year or two and analyze if and how the franchise can come close to just breaking even.

As I tell my son, the numbers never lie!



http://www.businessinsider.com/revenue-sharing-wont-solve-the-nbas-small-market-problems-2011-1#ixzz1ACfYWX9v