I live in Utah and we love the Jazz here.
That being said, I don’t have a lot of sympathy for these NBAcompoops. Any of ‘em. Not the players, and not the owners.
It appears the NBA has cancelled another two weeks of the season. With the chance that the Christmas Day games can be salvaged.
In April Fox Sports reported that the average basketball star gets 4.79 million dollars per year, which comes out to just over 92 thousand dollars a week. An article by Steve Aschburner on NBA.com had the salary at 5.15 million per year.
According to the Hoops.com websites, Plunkett Research figures that in 2010-2011, 4.1 billion dollars in revenue was generated by the NBA, with an operating income of 183 million, and an average NBA team value of 369 million.
Compare that to the cost for a family of four to attend an NBA game during the same season. According to Business Insider, it was about $290 for one night of entertainment. That includes tickets, parking, soda for the kiddoes and a couple of cold ones for mom and dad who will need one especially after plunking down more money for ball caps, jerseys, a stuffed animal team mascot or whatever other tchotchkes their kids absolutely cannot live without.
Ask the average person if the 4.1 billion in revenue is a lot of money and they will say yes. Ask them if spending something in the neighborhood of 300 clams for one night of fun is a lot of money, and when they stop laughing at your ridiculous question, they will say yes again. And I am willing to bet there will be far fewer people interested in coughing 300 bills for a night of fun this season than in seasons past. Why? Because everyone I know has better things to do with 300 bucks right now than watch a bunch of guys chase a ball up and down the court.
Quoting Players Association rep Billy Hunter from ESPN.com: "They (the players) are principled individuals and I think that they realize the struggle that they are incurring," he said. "They may be paid at a higher level but it's the same issue that we see that is endemic right now, not only in our country but around the world -- it's about folks at the top who have the leverage and power who need to impose upon the workers of the world.”
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 20th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for August 18th, 2014 | John Ransom