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Why the Jazz claiming they NEED to make the playoffs for NEEDED cash is ********.

green

green

Well-Known Member
"And actually, that $75 million number might be low. Once a year, Forbes magazine breaks down the team value of every NBA franchise. This year's report was especially fascinating — Forbes reported that the average value of the 30 teams had risen to $509 million, a 30 percent increase from last year, saying that "the increase is due to higher revenue from television, new and renovated arenas, and the NBA's new collective-bargaining agreement, which reduced player costs from 57% of revenues to roughly 50%." Translation: The owners didn't just beat the players in that last lockout; they trounced them like it was one of those Cowboys-Bills Super Bowls."

https://www.grantland.com/story/_/id/9002028/the-best-bargains-nba

The Millers bought the Jazz for 14 million (or something close to that). The franchise is now WORTH hundreds of millions of dollars.

We have been loyal fans. We put up with the lockout. We enjoyed the past 20 years and 20 playoff appearances. It's time for the Millers to pay us back by making us a contender. Al is not the answer to that problem.

Favors/Kanter/Hayward and hopefully Burks could be the answer. Toss in another top 5 pick and we could have our solution. It's time for the Miller's to suck it up and give us that.
 
DutchJazzer said:
trying to superass me in al"hate"
i'm the resient al hater.
wanna battle?
i'll out-hate u

ps: mods this is not a threat
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lol

I don't hate Al.

I dislike him strongly on the Jazz.

This thread is more angry about the crap the Jazz spew about why they are doing the silly things they are doing.
 
It goes back to 1989 when Larry was quoted as saying what was most important. He told a player it was how much money you made, not how many championships you got. I know Larry loved the Jazz, but he loved power, money, and possessions more.
 
Considering the new CBA essentially caps Miller's profits at $10,000,000 per year, this is quite possibly the single worst way for a near billionaire to invest $509,000,000. He has to be raking in non-basketball related revenue off the stadium or the Jazz would have been sold years ago.
 
Revolution 9 said:
It goes back to 1989 when Larry was quoted as saying what was most important. He told a player it was how much money you made, not how many championships you got. I know Larry loved the Jazz, but he loved power, money, and possessions more.
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In the end, his priorities changed, and that's why he was willing to exceed the cap in pursuit of a championship. Of course, by then it was too late...Stockton and Malone were gone and the Deron/Boozer/Okur/AK teams were flawed.

But yes, I do remember several radio interviews from the 80's and 90's when he said the primary goal was to turn a profit each year and he was very proud that they were able to do that every season.
 
You obviously don't understand the difference between Income and Capital Gain....

An increase in capital is only of any value when you decide to cash in and sell the asset. As the Millers have no intention of doing that, it is basically useless.
 
Reading the title of this thread makes my head hurt, the English is so bad.

Green, are you not from America?
 
According to Forbes, the value of the Jazz increased 29% from around $335 million in 2012 to $432 million this year. How much of that $97 is sitting in the Millers' bank accounts? Any of it? Who knows? Assuming the 11-12 numbers I found are right, payroll is up $5-$6 million from last year. That's money we know for a certainty the Millers have to pay. Attendance is down by 461 people per game. We don't know the amount, but it very likely means the Millers are making less money from ticket sales.

The point is that the Millers may not "need" the extra money that comes with making the playoffs, but we aren't really in a position to know that. Plus, has anyone from the Jazz recently mentioned "needing" the extra money? Of course they like it, but has anyone claimed they need it?
 
Hotttnickkk said:
You obviously don't understand the difference between Income and Capital Gain....

An increase in capital is only of any value when you decide to cash in and sell the asset. As the Millers have no intention of doing that, it is basically useless.
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But if you need income, you can certainly draw on the capital gain. Forty years ago, a business loan against the Jazz may have been considered too risky by most banks. Now I'm sure the Millers could just walk into the Zion's office and get $10 or $20M if they ever needed it to pay salaries or tax penalties.

Even under Larry, a huge fan, the Jazz were still a business. So there's no doubt the Jazz under Greg and Gail are viewed as just one part of the overall empire. If the economy is suffering, so are the rest of their businesses. So it IS important to them for the Jazz to turn a profit.
 
MoTown16 said:
But if you need income, you can certainly draw on the capital gain. Forty years ago, a business loan against the Jazz may have been considered too risky by most banks. Now I'm sure the Millers could just walk into the Zion's office and get $10 or $20M if they ever needed it to pay salaries or tax penalties.

Even under Larry, a huge fan, the Jazz were still a business. So there's no doubt the Jazz under Greg and Gail are viewed as just one part of the overall empire. If the economy is suffering, so are the rest of their businesses. So it IS important to them for the Jazz to turn a profit.
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No question. Capital gain is nothing if you don't keep turning over profitable results.
 
Hotttnickkk said:
You obviously don't understand the difference between Income and Capital Gain....

An increase in capital is only of any value when you decide to cash in and sell the asset. As the Millers have no intention of doing that, it is basically useless.
Click to expand...

but Al sucks guys......................................................
 
PrinceJL said:
but Al sucks guys......................................................
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Hindsight is a wonderful things... now that Kanter & Favors are tearing up the Bobcats.

Beginning of the season? Not so much...

Also you have to credit Al with a lot of the mentoring he does with Kanter & Favors. Would he be happy doing that if he doesn't start?

C'mon now...
 
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