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biggiesize

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Jan 22, 2009
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Due to the financial problems of the NBA(team bailouts) is it any wonder the playoff series are going the full 7 games...hmmmm more gate receipts....Rockets with no Tmac and Yao taking LA to the limit...come on!!!
 
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biggiesize

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Jan 22, 2009
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Due to the financial problems of the NBA(team bailouts) is it any wonder the playoff series are going the full 7 games...hmmmm more gate receipts....Rockets with no Tmac and Yao taking LA to the limit...come on!!!
 
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biggiesize

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Jan 22, 2009
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Okay I will pretend that money isnt an influencer in pro sports...ITS A BUSINESS the goal is to make money
 
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Optimus Prime 4

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so is Kobe missing shots on purpose?

Also:

 
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lawdawg02

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via gate receipts? absurd.

who is the nba having to bail out? which teams actually don't make money? you need some facts. or at least a fact.</p>
 
hatfieldms

hatfieldms

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Really? Throughout the whole league? Like I said, just stop, you sound like an idiot. This isn't wrestling
 
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DerHntr

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two squirts about the owners losing money is laughable. their contracts are still being paid. i don't keep up with the financial side of the NBA enough to be certain but i would imagine it isn't bad enough for the players to even consider losing so that more games are played so that they can get paid.
 
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biggiesize

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Jan 22, 2009
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Alex Martins, Chief Operating Officer of the Orlando Magic had this to say:
We've been operating at a [$15-20M] (annual) loss over the past half-dozen years, so it helps us."</p>
Click to expand...
 
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DerHntr

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the article is vague at best. this is not to mention that a $175M loan for teams that have COOs who say, "We've been operating at a [$15-20M] (annual) loss over the past half-dozen years, so it helps us" is a relatively small loan. So lets say that all 15 teams split the money. that means they get $11.67M a piece. this would mean that Orlando would only lose around $3.3M at best this year based on the COOs comments.

I wouldn't call this a bail out. That term is being tossed around like your salad by your brother on the weekends. The NBA took out a loan and some bimbo sports reporter jumps on it and screams bailout and you jump from there to the teams must be colluding to make it to 7 games to increase revenues. Silly. At least read something from the AP that might, and I stress might, have some validity rather than an opinion piece. http://sports.espn.go.com/nba/news/story?id=3936991

<cite class="source"><cite class="source">Associated Press
</cite></cite>

NEW YORK -- The NBA has lined up $200 million to distribute to teams interested in additional cash, which the league considers a sign it remains strong in a slumping economy.</p>

Between $13 million and $20 million will be available to each of 12 teams that have expressed interest in the funds, commissioner David Stern said Thursday. The money can be used for any purpose, including helping teams deal with operating losses incurred because of the economy.</p>

It should not, Stern said, be construed as a bailout. At a time when credit markets have been frozen, investors saw the NBA as a safe bet.</p>

"It's exactly the opposite" of a bailout, Stern told The Associated Press "This was a show of strength in the creditworthiness of the NBA's teams."</p>

The NBA declined to name the teams interested in the money.</p>

The league has an existing $1.7 billion credit facility, essentially a line of credit established by lenders from which teams can borrow. The league had been interested in growing the facility when the credit markets seized up last fall.</p>

"They told us there's no chance of any additional funds being raised for any sports league, and indeed, the credit facilities that had come up for other leagues were being termed out rather than renewed," Stern said.</p>

JPMorgan Chase and Bank of America recently approached the league to say $150 million might be available, a figure that eventually grew to $200 million.</p>

"It's a great sign of confidence in us and that's wonderful that the market is opening up, so we'll take it," Stern said. "And we turned to our teams and said, 'OK, we've got this much more to distribute under the facility for those of you who want it now.'"</p>

The 12 interested teams aren't necessarily those in the worst financial shape.</p>

"Many of them are doing well," Stern said.</p>

Still, the additional credit comes at a time when pro sports leagues are cutting staff and teams are slashing ticket prices and payroll. The NBA announced last October that it was eliminating about 80 jobs in the United States, or about 9 percent of its domestic workforce, and teams have also felt the pinch of a struggling economy.</p>

<font color="#225FB2">Charlotte Bobcats</font> owner Bob Johnson has acknowledged losing tens of millions of dollars since paying $300 million for the expansion franchise, which began play in 2004-05.</p>

The Bobcats would not say whether they are among the 12 teams interested in the money.</p>

"We don't disclose our financial information," Bobcats spokesman Michael Thompson said Thursday. "But the fact that NBA teams get opportunities like this really speaks to the strength of our business."</p>

SportsBusiness Journal first reported that a credit deal was in the works. Alex Martins, chief operating officer of the <font color="#225FB2">Orlando Magic</font>, told the journal that the money would help the Magic offset losses of between $15 million and $20 million and "bridge the time period between now and when we move into our new events center in 2010."</p>

Magic spokesman Joel Glass said Thursday the team would not have additional comment until the league addresses the issue.</p>

Paul Andrews, executive vice president of Kroenke Sports Enterprises, was unsure whether the <font color="#225FB2">Denver Nuggets</font> will take advantage of the available money.</p>

"We're still researching the situation and don't have enough knowledge today to give an educated opinion," Andrews said.</p>
Click to expand...
 
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Optimus Prime 4

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Also, lots of teams "operate at a loss" as a way of lowering taxes, etc. They are still profitable to the owner. Most of this is realized when they sell the team.

But the main point remains. Unless the Lakers need money, this makes no sense.

Plus, you still haven't shown why Kobe would throw games.
 
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DerHntr

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it basically says they are in decent economic standing. they didn't even solicit the damn loan. the money they are receiving is coming at a pretty favorable rate in this market.
 
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biggiesize

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Jan 22, 2009
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You are all blind just like every other "fan" These athletes are paid more than doctors who save lives and all they do is entertain and they still ***** about wanting MORE MONEY!! It is not that far fetched to see them scheming ways to make more.</p>
 
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Optimus Prime 4

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I thought the teams needed the gate money because they were going broke. But the Lakers are not one of those teams. So why would the NBA help them out?

Is David Stern paying them to lose? And how much? And how is he making these ridiculous shots go in that the winning teams keep hitting?
 
seshomoru

seshomoru

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Apr 24, 2006
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to make more money? Then they are going to use that money to help the T-wolves or Grizzlies make a few days worth of interest payments?

The Rockets got this to 7 because the Lakers are still a bunch of weak vaginas.
 
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biggiesize

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Jan 22, 2009
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They are Professionals!!! We cant comprehend all thats going on behind the scenes.....we or should i say you are all just brainwashed zombies, believing everything that is portrayed on TV..... WAKE UP AMERICA
 
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