Isaac
Years ago

Rick Burton on the struggles of major leagues

One time NBL top dog Rick Burton has a piece in Sports Illustrated on the struggles of US sporting clubs.

Looks like it's not just the NBL that may be paying a lot to players while barely keep afloat.

Is it really that bad? Are pro teams really looking over their shoulders at their brothers in arms and thinking they don't have the moxy to stay in the game?

Recently, the NBA announced it was borrowing $175 million and making it immediately available to bail out 15 struggling teams facing operating losses. That money sits on top of $1.7 billion of league-wide credit the NBA draws as collateral from its media contracts to help teams fight the good fight. The Orlando Magic says it has been annually losing $15 to $20 million and essentially needs a bridge loan to survive.

The Magic is close to one extreme but based on new information may not even be the worst of the NBA's franchises. In fact, this week, Indiana owner Herb Simon suggested the the Pacers could lose up to $30 million this season and might not be able to survive.
Full article

Topic #19320 | Report this topic


skull  
Years ago

i rest my case isaac,if you have 5,000 seats to sell and it doesn't stack up ,don't do it!!

players 8,9,and 10 should have day jobs until they get this thing off the ground.

its not just b'ball,lets sit back and watch the rest of them go under.
we are in a very good position though,low entry costs,good on court product etc

Reply #228910 | Report this post


Anonymous  
Years ago

Seems he's already gone through another job post-NBL.

Reply #228938 | Report this post




You need to be a registered user to post from this location. Register here.



Close ads
Serio: Tourism photography and videography
Little Streaks - The fun and interactive good-habits app designed especially for kids.

Advertise on Hoops to a very focused, local and sports-keen audience. Email for rates and options.

Recent Posts



.


An Australian basketball forum covering NBL, WNBL, ABL, Juniors plus NBA, WNBA, NZ, Europe, etc | Forum time is: 6:24 pm, Fri 29 Mar 2024 | Posts: 968,026 | Last 7 days: 754