It’s a shame that in the NBA, or as Bill Simmons calls it, the No Benjamin’s Association that the rich do in fact get richer. No, this isn’t a rant on how the Lakers will probably land some stud at the trade deadline for a poo poo platter of expiring contracts or practice squad guys. This is about how the league is structured. Looking around it’s immediately obvious that teams stuck in small markets are going to lose money. Being a good team is supposed to raise you from financial destitute, but in a league strapped for cash, this isn’t happening anytime soon. With 40% of teams losing money last season, and the economy looking unlikey to turn around the NBA does have the most financial problems of all the major sports. Unless you count NBC, the NBA is probably the next closest organization in need of a Heidi Montag style face-lift.
It’s troubling to see how many NBA organizations are struggling to stay afloat without some good form of revenue sharing in place. It’s a travesty that teams like the Clippers, Knicks, and yes my Warriors make ten-million plus dollars profit each year, and field teams that would have a tough time beating the Washington Generals. Yes, these are the teams that I deem the greediest in terms of giving back to their fans. They do relatively nothing to improve their rosters, and they have plenty of income that could be spent to improve their respective teams. I don’t mind some of the teams atop the list, since the Lakers do deserve to make more money, because they do always put a good team on the court, but I feel that a teams revenue should be more driven by their ability to win. It’s been quite awhile since I broke down some financial situation, and most of this post is derived from Forbes numbers that they released on the teams earnings from last year. Continue reading