NBA Lockout and Collective Bargaining Agreement Discussion

[The 24th Letter]

Re: NBA Lockout and Collective Barganing Agreement Discussion

Lol, everything is evil players man....I highly doubt the owners are the only ones with the future in mind...

[23]

Re: NBA Lockout and Collective Barganing Agreement Discussion

Lol, everything is unsatisfied greedy players man....I highly doubt the owners are the only ones with the future in mind...

Dont forget the agents want a piece of that future too

While they're at it, they can offer to share all of their endorsements

That should really sweeten the pot

[djep]

Re: NBA Lockout and Collective Barganing Agreement Discussion

What's your point about your last comment?


New Jersey has opened up their books to the public but I didn't even think we would need to see that to see that they're losing money and if it wasn't for The Russian stepping in, they would continue to lose money. In a way, they're still losing money right now but with the move to Brooklyn, they(well really The Russian)stands to make up the losses.

New Jersey's books (along with the NO Hornets) were leaked...conventiently two franchises that have been the hardest hit (new ownership, relocation, Hurricane Katrina). They were two of the best cases for the league's cry of poverty but they also gave the public their first insight into how these clubs offset the cost of their purchase over a period of time. So you purchase a team for $500M and take a $50M hit to your ledgers every year to offset this expense. But it say nothing about the ability of your franchise to turn a profit.

Let's see how the numbers look for teams with stable ownership like the Bulls, the Knicks, Lakers or even some of the middle tier clubs. How do these clubs treat profits and losses from local cable deals? I just find it very hard to believe the league lost $350M without some funny, albeit legal accounting.

[aholbert32]

Re: NBA Lockout and Collective Barganing Agreement Discussion

Meeting's over. Way too early. Doesn't look good.

[The 24th Letter]

Dont forget the agents want a piece of that future too

While they're at it, they can offer to share all of their endorsements

That should really sweeten the pot

You make these owners sound like Jedis man

poor billionares. none of these guys are poor because the NBAs doing badly.

lets throw in a "oops my bad" clause in the CBA too..no need for them to be responsible for anything.

[ProfessaPackMan]

Re: NBA Lockout and Collective Barganing Agreement Discussion

Don't know about other teams but The Nets turning profit while Bruce Ratner was the Owner is like going to Five Guys and asking them to make you a Burrito like they do at Chipotle. They weren't going to make much money while being in Jersey.

[ProfessaPackMan]

Re: NBA Lockout and Collective Barganing Agreement Discussion

Meeting's over. Way too early. Doesn't look good.

To be fair, I don't think it never looked good at all.

[djep]

Re: NBA Lockout and Collective Barganing Agreement Discussion

Yeah, all the books were opened by the owners at the beginning of the process.

They were made available to the union, who immediately cried foul over the accounting. Nothing illegal but definitely not supportive of the league's claim of $350M in losses. They should be opened to the public so we can see just how these numbers add up.

Teams are just part of a vast portfolio for the owners. Ratner buys the NJ Nets in 2005, who were operating at a profit at the time after coming off some successful seasons. He then lobbies to move them to Brooklyn and the whole Atlantic Yards Project begins, with office buildings and residential towers tied to the building of a new arena. Some of the costs from that deal is tied into the Nets and suddenly the Nets are a sad sack franchise netting big time losses. And the players give up some of their slice of the pie for office towers? Maybe, maybe not. But let us see for our own eyes.

[23]

Man 24Th you are one funny dude...I'm over here lol

Naw owners ain't poor dudes at all..and not without their part as well

I just know this time its on the players to concede to move forward

heard amare had left awhile back..maybe its not good news

Sent from my DROIDX using Tapatalk

[Marino]

Re: NBA Lockout and Collective Barganing Agreement Discussion

Meeting's over. Way too early. Doesn't look good.

May be a false alarm, no one has came out yet.

[djep]

Re: NBA Lockout and Collective Barganing Agreement Discussion

Don't know about other teams but The Nets turning profit while Bruce Ratner was the Owner is like going to Five Guys and asking them to make you a Burrito like they do at Chipotle. They weren't going to make much money while being in Jersey.

That's what happens when the city gives you $214M of real estate for less than half the amount. CHA-CHING!

[aholbert32]

Re: NBA Lockout and Collective Barganing Agreement Discussion

They were made available to the union, who immediately cried foul over the accounting. Nothing illegal but definitely not supportive of the league's claim of $350M in losses. They should be opened to the public so we can see just how these numbers add up.

The Union said the losses were more like 200 mil so its not like there were no significant losses.

[aholbert32]

Re: NBA Lockout and Collective Barganing Agreement Discussion

May be a false alarm, no one has came out yet.

I think you are right.

[ProfessaPackMan]

Re: NBA Lockout and Collective Barganing Agreement Discussion

They were made available to the union, who immediately cried foul over the accounting. Nothing illegal but definitely not supportive of the league's claim of $350M in losses. They should be opened to the public so we can see just how these numbers add up.

Teams are just part of a vast portfolio for the owners. Ratner buys the NJ Nets in 2005, who were operating at a profit at the time after coming off some successful seasons. He then lobbies to move them to Brooklyn and the whole Atlantic Yards Project begins, with office buildings and residential towers tied to the building of a new arena. Some of the costs from that deal is tied into the Nets and suddenly the Nets are a sad sack franchise netting big time losses. And the players give up some of their slice of the pie for office towers? Maybe, maybe not. But let us see for our own eyes.

If this is what you want to believe is the case, then go ahead my dude.

I don't think you or anyone needs to be a Finance Major to see that the Nets were and still are losing money.

[The 24th Letter]

Man 24Th you are one funny dude...I'm over here lol

Naw owners ain't poor dudes at all..and not without their part as well

I just know this time its on the players to concede to move forward

heard amare had left awhile back..maybe its not good news

Sent from my DROIDX using Tapatalk

we agree there. def time to concede..b/c its only going to get worse for them. there is no winning here lol

hopefully we get good news 2night