posted on Aug, 27 2020 @ 05:56 PM
originally posted by: Krahzeef_Ukhar
a reply to: burdman30ott6
Look at Lebron he makes 30M a yr.
How many billion does the NBA make?
Why everyone attacks the players and not the people who can afford to pay them baffles me.
Owners hold 100% of the risk, so obviously they make the lion's share of the benefit. The top NBA team (Bulls) made a 5 year average profit of $55
Million per year. #2 was the Lakers at $38 Mil.year, while some teams lost money.
Total League revenue 2018/2019 was $8.76 Billion
divided among 30 teams, that's $292 Million per team. Half of that goes to player salaries, then there is marketing costs, executive and staffing
costs, travel costs, etc. At the end of the day, half of the NBA team owners
I think you're kidding yourself if you think Professional team owners are raking in annual big bucks from their ownership of teams. It seems to be
more of a club of billionaires who are willing to make minimal money (certainly less than their top paid players) while rubbing elbows with big name
sports and Hollywood celebrities and appreciating the value of their franchises. In that regard, team valuations, the owners are positioning
themselves to make money from their ownership of teams... but it's very similar to playing the stock market with huge sums of money on the line. But
at the end of the day, these dudes are making less than their players but get to appear on TV frequently during the season sitting in a luxury box
like Ceasar himself overseeing the gladiatorial shows.