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Cavaliers lost $40 million after 2015-16 season

Posted on 1/28/17 at 12:52 pm
Posted by LewisBell
Member since Jan 2017
16 posts
Posted on 1/28/17 at 12:52 pm
LINK

Dan Gilbert spending up the butt to get one for the land
Posted by Fus0623
Lafayette, LA
Member since Jan 2015
89905 posts
Posted on 1/28/17 at 12:54 pm to
Now granted, he does have the Quicken Loans money pouring in. But man he's throwing a lot of cash at an unprecedented amount
Posted by wildtigercat93
Member since Jul 2011
113328 posts
Posted on 1/28/17 at 1:02 pm to
Feel like this is some fudging of accounting numbers to leak this to the media basically as a way to shut Lebron up


Kind of like how pretty much every movie loses money on paper
Posted by hiltacular
NYC
Member since Jan 2011
19800 posts
Posted on 1/28/17 at 1:02 pm to
You could make an argument that he has raised the value of the team but the second LBJ leaves they are back to being a terrible team with no value. Hopefully the championship was worth it
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
42636 posts
Posted on 1/28/17 at 1:18 pm to
I'm surprised more owners don't view their team as a recreational activity rather than a business.
Posted by wildtigercat93
Member since Jul 2011
113328 posts
Posted on 1/28/17 at 1:30 pm to
quote:

I'm surprised more owners don't view their team as a recreational activity rather than a business.


Maybe because it costs hundreds of millions of dollars to own one
Posted by ballscaster
Member since Jun 2013
26861 posts
Posted on 1/28/17 at 1:33 pm to
quote:

I'm surprised more owners don't view their team as a recreational activity rather than a business.

It used to be like this, but then the money got bigger, so the teams became more important to the owners.
Posted by MJackson
Member since Dec 2006
1126 posts
Posted on 1/28/17 at 1:35 pm to
quote:

You could make an argument that he has raised the value of the team but the second LBJ leaves they are back to being a terrible team with no value. Hopefully the championship was worth it




it was. he spent more than any team in NBA history the past 3 years in order to facilitate the way for the first championship of any sport in CLE in over 50 years. think about that for a second. 50+ years. any more championships will be gravy
Posted by wildtigercat93
Member since Jul 2011
113328 posts
Posted on 1/28/17 at 1:35 pm to
quote:

used to be like this



That false there peej


If anything the owners were MORE concerned about the dollars in the old days because they owned it as a business and not to become a celebrity which is basically what it is about today
This post was edited on 1/28/17 at 1:37 pm
Posted by ballscaster
Member since Jun 2013
26861 posts
Posted on 1/28/17 at 1:44 pm to
quote:

That false there peej


If anything the owners were MORE concerned about the dollars in the old days because they owned it as a business and not to become a celebrity which is basically what it is about today
Of the 122 major North American sports franchises, can you name 20 of their owners off the top of your head? There are relatively few "celebrity" owners.
Posted by wildtigercat93
Member since Jul 2011
113328 posts
Posted on 1/28/17 at 1:46 pm to
That's because most have been passed down the family

When big time sports franchises like the NBA or NFL come up for sale, the guy that are buying it want the celebrity that comes with it. and there is a celebrity to it that comes with the major city you're in
Posted by chalmetteowl
Chalmette
Member since Jan 2008
49622 posts
Posted on 1/28/17 at 2:06 pm to
quote:

Of the 122 major North American sports franchises, can you name 20 of their owners off the top of your head? There are relatively few "celebrity" owners.
most people can... the money and news coverage makes them celebrities
Posted by ballscaster
Member since Jun 2013
26861 posts
Posted on 1/28/17 at 2:14 pm to
quote:

most people can
Most people can't name one. Most sports fans couldn't name 20.
Posted by SarkAfterDark
Member since Nov 2016
52 posts
Posted on 1/28/17 at 2:51 pm to
Nice 1st
Posted by chalmetteowl
Chalmette
Member since Jan 2008
49622 posts
Posted on 1/28/17 at 3:41 pm to
I would think most people know who owns their local teams... and most who read these boards see owners mentioned enough that they can name 15 in the NFL, 10 in the NBA, and 5 in MLB
Posted by LittleRockHog501
Member since Nov 2011
2521 posts
Posted on 1/28/17 at 4:00 pm to
But the guys who own teams are worth billions and undoubtedly have more than one way of making their money. I just always assumed they view this as a way to have fun with other guys who have too much money then they know what to do with.
Posted by Bunk Moreland
Member since Dec 2010
57834 posts
Posted on 1/28/17 at 4:03 pm to
I thought the Lakers and Raiders had situations where the team is basically the family's income. That's why the Lakers gave Kobe insane money at the end -- really, just for TV deals and tickets. But, I'm assuming the teams are toys for pretty much everyone else.
Posted by c on z
Zamunda
Member since Mar 2009
128401 posts
Posted on 1/28/17 at 4:14 pm to
quote:

But man he's throwing a lot of cash at an unprecedented amount

He still made weak decisions this past offseason.
Posted by chalmetteowl
Chalmette
Member since Jan 2008
49622 posts
Posted on 1/28/17 at 6:46 pm to
quote:

That's why the Lakers gave Kobe insane money at the end -- really, just for TV deals and tickets.
Well yeah, and also bc the salary cap prevented him from getting what he was worth...
Posted by DownSouthCrawfish
Lift every voice and sing
Member since Oct 2011
38082 posts
Posted on 1/28/17 at 8:45 pm to
Benson
Buss family
Kraft
Jerruh
Blank
Cuban
Irsay
Blazers guy forgot his name atm
Al Davis son(?)
Snyder
Gilbert
Reinsdorf
Green Bay inc.


That's all I got.

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