Blazers Look Better in the Black
Django Radonich-Camp | Thursday, January 27, 2011 at 10:53AM According to Forbes, the Blazers are the 14th most valuable franchise in the NBA, worth an estimated $356 million. The details can be seen here. Of particular significance is that last year, for the first time in a decade, the Blazers posted a positive operating income ($11 million). The article defines operating income as, “Earnings before interest, taxes, depreciation and amortization.” Perhaps not entirely coincidently, player costs are at a 10 year low as well ($64 million).
It’s a little mind boggling to see that in 2003, the Blazers operating income was -$85 million dollars (player costs were $100 million that year). Wow. How far they’ve come.
The conjecture portion of the recap focuses on the proposed development of ‘Jumptown’, or whatever the latest name is for the mythical entertainment district plans around the Rose Garden and Memorial Coliseum may be. I haven’t heard much on that lately, but I’m not an avid Oregonian reader, so perhaps someone can update me on what’s happening there…
Overall, this seems like positive news for the franchise. Financial stability certainly allows the organization greater flexibility in player moves. Maybe even signing an expensive, high risk, injury plauged former #1 draft pick? I was talking about Yao Ming.
If you are interested in Forbes overview of their valuations, head here. The piece features this gem:
However, if NBA commissioner David Stern gets his way, an imbecile would be able to make money running a team. Stern wants to lop $750 million off of player costs, lowering the portion of basketball-related revenue that goes to players from 57% to around 40%. If Stern succeeds, even teams like the Hornets, who were thought to be headed for bankruptcy before the NBA rescued the franchise, would immediately rise at least 30% in value because potential buyers would know they don’t run the risk of writing checks to cover operating losses.
Imbeciles rejoice, your day may be coming. Well, if you have $350 million.
Update (1:33 PM): head over to sister site, PistonPowered, for some fancy graphs illustrating where Portland sits in relations to other teams.
Reader Comments (1)
Cheap Jordan Shoes
Air Jordan Shoes
Cheap Air Jordans For Sale