I still havnt quite understand out how a new stadium is suppose to be "printing money" what does a new stadium do that makes them make more money? It's still just a stadium like any other with seats and a court and food and beer. Not to mention the stadium itself cost money to build. Only thing I can think of is they are now going charge their fans more to be in a newer stadium and they are targeting the rich fans of the bay area vs the every day fan they had across the bay in Oakland. Seems like they trying to make it where those cant go.
The difference in Warriors, and Rockets, is they will spend money and do anything they can to win. Sadly, is Rockets have Tilman as owner.
They own the stadium, unlike most teams where the city or county owns the stadium. Basketball wise they are going to lose money, but in the Chase Center complex there are a lot of tech offices which they lease out for $, and all the concerts and events at the Chase Center are also direct revenue for the team owners.
It's actually not just a stadium - it's a pretty good sized multiuse development with offices, retail, etc. And rents in SF are obscene, so that office space could be a cash machine.
See now that makes more sense to me. I didnt know they were building more then just a stadium. I knew they were the ones building it instead the city tax payers which is why I was kinda thrown off. Concerts and like that completely slipped my mind.
The Oracle was an old arena in a very out of the way part of even Oakland not to mention SF. Basically it was located near Oakland airport. Despite being there, most of the warriors fans coming to the games aren't based just in Oakland but rather the entire Bay area. Chase center will be in the heart of SF and has already booked 2 billion worth of revenue prior to opening later this year. https://www.nbcsports.com/bayarea/w...lready-secured-2-billion-revenue-chase-center And unfortunately for their fans who already pay one of the highest ticket prices, expect the avg cost for tickets to increase anywhere from 20- 40% AND season ticket holders will now have to pay the PSL (personal seat lisence) of 35k (for a seat at $600), which is actually a 35k refundable loan to the warriors repaid in 30 years, with no interest accrued. Different season tickets will have different PSL cost, So yes the warriors will be printing money.
Very confused as to how they can afford to give him $5M a year, Bobby Mark clearly laid out that they could only give vet mins, someone please explain this for me lol.
I believe that's if they were to bring in free agents and not re-signing their own players. GSW had Looney's bird rights so they can exercise that to sign him to more money. If it were a free agent, say, James Ennis, they can only offer him the vet min.
They are hard capped because of the sign and trade for Russell. Bird rights, your own player, etc, do not come into play here. It's one of those salary cap exceptions that almost never comes up because sign and trades became so rare under the current CBA. Nevertheless, obviously they managed to get under the hard cap. However, what happens if they have major injuries and need to pick up minimum contracts during the year? Being hard capped is much worse than just worrying about a luxury tax line.
Yeah it looks like they're kind of punting on 2019-20 while Klay is out (most of the year) and they're hard capped. Seems like they'll try to make Russell look good for half a season so they can flip him for players that fit the roster better, resign Dray with Bird rights next summer, and look for ways to improve the margins around that core when they're out from the hard cap.
lol wut? yes they are hardcapped. they received a sign and traded player. You need to quit talking out your ass and study
nope hard capped. Bird rights mean nothing if you are hard capped. They cant excede 138.3 million no matter what
They had Bird rights on Looney. They could pay him anything they wanted to. They paid him what they did to stay under the hard cap. Do you understand?
