Friday, December 7, 2007

Paul Allen's gonna go broke! Oh wait, nevermind

Forbes (found via Sactown Royalty), released a list of NBA Team Valuations.

A cliche statement the experts keep saying is that "Portland is on the right path," which feels true. We all see the potential, we know we're watching something being built that can be special. It looks like the business side of things will take longer to turnaround. I forget, because most the talent on the team is still on their rookie-contracts, that the Blazers still have the sixth highest payroll in the league. Technically, the most expensive Blazer is currently putting up 6 points a game for the Rockets. The most expensive three are being paid a combined $ 36,503,750 (over 60% of what the Bobcats pay for 16 players), and have contributed 2.8 ppg and 1.3 rpg (Whaddup to all the LaFans out there!).

I know looking at the payroll like this is pretty ridiculous. Sometimes, you gotta take the terrible contract to make the trade work and your future brighter. But still, seeing that the Blazers operate at a $25 million loss (second only to the Knicks) is startling. The double wammy is achieved in that Forbes also ranks the Blazers as the least valuable NBA franchise. That tiny little graph shows that the Blazers haven't actually made money since 1998. Woo!

Then you remember Paul Allen owns your team. You know what? One of Paul Allen's yachts costs 20 milion a year, to maintain. By the way, that photo is said boat, not a cruiseliner. This is how I imagine the conversation went when somebody told Paul Allen the Blazers lost $25 million:

Vulcan: Mr. Allen, you lost $25 million this year on the Blazers.

Paul Allen: Word? Damn. I guess I'll wait til next month to get my submarine painted.

1 comment: said...

It cannot succeed as a matter of fact, that's what I suppose.

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