Rockets, Alperen Şengün agree to 5-year, $185M deal

I do believe that there is a current unhealthy symbiotic relationship between gambling and sports that is going to come to a head at some point, but it is going to take a generational shift in our attitude towards its widespread acceptability, and years of seeing the financial ruin at the other end of it before the momentum shifts. I am hopeful that someday the omnipresent ads across broadcasts will be seen in the same way as having Tobacco companies pay for a character in a movie to smoke a certain brand of cigarette, a relic of a crazy time.

I would just ask you to consider two questions:

1. What is an "acceptable number" for an elite athlete to make that is not "insane"? Is it a fixed multiple of the current median American salary? Is it an inflation-adjusted number that happens to correlate with a certain year you started actually paying to attend games?

2. If you are a fan of watching the very best athletes compete in the NBA, then we should want it to pay more than any other sport, so the elite willingly choose to pursue it above any other sport, and that they can focus their efforts on competing and being the best, rather than trying to earn more money pursing NIL deals or playing in different leagues. Do we really want to have the NBA be the WNBA, where salaries range from $64k - $250k, nearly every elite player is making far more in an overseas league, resulting in higher rates of injury, burning themselves out by playing year-round, and MVPs literally taking entire seasons off to rest and recover, because it honestly doesn't even cost them that much in salary? Do we want to be any type of martial art, where the only way to make real money is to try and compete in MMA, rather than in displaying "pure discipline". Or basically any Olympic sport, where tons of medalists from this country are literally working real jobs and training in their off-time?

 

I'm normally pretty analytical and left brained when it comes to this sort of thing, but TBH, I have been losing interest in pro sports anyway, and seeing these kinds of salary numbers just sort of adds fuel to that fire for me. I haven't thought nearly deeply enough to consider what kinda player pay would be "ok" to me because at this point, I probably wouldn't get all that absorbed in the sport again anyway (although things would get interesting if the Rockets got really competitive again).

I'll just say I know entertainment is important and valuable, and being this good at a competitive athletic endeavor is hard work and rare, so I get why they're highly paid... but I still think we collectively pay too much for this kinda entertainment, which is why the NBA makes so much revenue. I don't know what is the "right" amount to pay, but maybe I'll dedicate some more brain cycles to it soon and have a better answer for you, heh.

 

if Sengun cant get the max on this team, you have to damn near be a HOF to get the max. Sengun has basically said all these young players gonna have to ball the **** out to get the money. i know an agent is pissed out there.

 

Yeah, let’s camp out here. It’s awful. I watch Get Up pretty much every morning…betting advice with Greeny is insane. They’re working hard on ruining pro sports for me. They’ve already killed college football for me…I honestly could not care less about it (and **** you if you kill college hoops with this cause it’s PERFECT!)

We’re already seeing domestic violence numbers rise in states where this is free-flowing. Saw a report about personal savings going down in those states, too. I would submit that you’d do better smoking cigarettes than this. If you have it under control, great. But this is about to ruin professional sports if they don’t limit this **** real quick.

@SamFisher is smarter than me and might be able to say it better, but I’m 100 with him on this. Legalize mar1juana please…don’t care. This isn’t a MadMax is a Jesus Freak kinda thing. But MadMax being a Jesus Freak is a big part of me being very concerned about this…and MadMax just loving pro sports doesn’t want to lose it to Vince McMahon (stole my name) style sPoRtS

 

LoL Glad it came off that way because that was the intent.

 

Makes me think Jalen had a noon deadline to sign, so Sengun could see what he got.

 

That was my whole point that it is not a regular asset. My point was that if you were to buy any team today, you are relying on asset appreciation and not on net income for a return, because if you look at operating income of any team and apply any reasonable amount of debt to it at current team valuations and current rates, you are not going to make money from operations. It is a very risky assumption that you will get the type of multiple expansion we saw the previous two years in the next two years. Tilman made out like an absolute bandit, whether it was a brilliant move or luck that is up for discussion, but I just do not see that type of deal being replicated in 2024.

 

I will bold them for you since you seem very slow. If you read it or bothered to click the link you would see that there are a handful of teams TODAY that are losing money before paying taxes and interest expense. If you do the math and wanted to buy any team today, even the most profitable, and used any reasonable amount of debt then literally no team would produce a net profit. You did read it, but you know you were proven wrong in it numerous times, so had to go the route of pleading ignorance. 10 years ago literally half of the league was not even profitable before paying taxes or interest expense. You obviously do not have the capacity to even understand the difference between operating profit and net income. This is as of 2023 as well, my original point was that teams a decade ago made even less. The Nets literally lost money before even paying any taxes and interest along with other teams last year. It is not that hard to just look at the basic stuff, i know everything else likely has gone over your head.

Just from an operating profit standpoint (prior to paying taxes and interest) The Nets lost $5M, Clippers lost $12M, the Bucks lost $36M LAST SEASON. You have no idea what you are talking about. Apply interest and taxes and see where the rest of the league is landing. Now take away all of the new deals and sponsorships, it is obvious teams were not making money before which was my point. The Clippers parent which will recognize annual depreciation expenses on their stadium likely will not report a profit for decades going forward.

https://www.statista.com/statistics...ational-basketball-association-teams-in-2010/

"Owning an NBA team is a risk free enterprise - it's literally impossible to lose money doing it" LMAOO

 

The numbers behind the player-owner split is a topic I do follow a lot. I’ve seen many different years of financials, and the multiple negotiations of revenue split.

fwiw: Based on watching this topic for awhile, I seriously doubt any financials we find about these teams includes revenue sharing. I’m going to guess that now assures profit for everyone. Another source of income for the owners is not counted by the NBA are such things as owner stake in stadium revenue for events that aren’t NBA games, and ownership of your own sports network. Tilman has both of those.

Further, it’s reasonable to guess any financials we find are counting only BRI numbers (Basketball-Related Income), not all team income. And if that’s true, then they aren’t only all profitable, they all become quality, safe investments for their annual return, as well as asset valuation.

 

That is possible, if you net revenue to various parties you'd reduce your net profit. Could also be a way to avoid taxation at the team level. Where did you get the financials from?

 

You're literally arguing with yourself - not less than 24 hours ago you told me there were

only the Lakers and 4-5 teams were barely profitable​

Now you say only a handful of teams are unprofitable (this is untrue of course, as everyone knows).

Like, even the silly article leaked to windy and lowe in 2017 (literally both water carriers for theur sources) as part of CBA poverty claims by the league owners doesn't go this far - it makes the equally laughable claim of losses " before revenue sharing " - which is equally silly because revenue sharing exists. Why would you not include it lol.

Anyway point me to the audited financial statements of a single solitary unprofitable NBA team last year - thanks!

 

You can't read more than a few lines by your own admission, you asked for proof and then say im arguing w myself lmao, you already were proven wrong with actual data I provided links why dont you provide them proving otherwise? Even had to bold it for you, and you still are in denial lol. To say that "Owning an NBA team is a risk free enterprise" and no team has lost money in decades, I just showed you proof, why don't you show proof otherwise? Now you want audited financials. These sound like big words for you. If you knew anything audited financials will actually show even lower numbers, and bigger losses because it will include interest expense, and you want to avoid double taxation anyways. Show me how every NBA team has made money for the past several decades, ill wait. Revenue share would be a distribution shown below the operating line anyways, which i showed you teams currently losing money, which you said had not been done in decades. Just take the L old man.

You are clueless if you think audited financials would help your case.

 

He could have waited but he chose security, which is on him. It's not like he "can't get the max"

 

Sort of a pie-in-the-sky scenario, but if Sengun breaks out and starts making All NBA teams, then he, technically, can opt out of the last year of his contract and sign a 35% supermax contract in the 2028 - 2029 offseason, right?

 

Maybe try to reread what I said, you admitted you didn't read it so how would you even know what I said? Only the lakers and 4-5 teams were profitable until the last 5-7 years is what I stated. I even provided proof on how if you buy any team with leverage today, you would lose money. Then sent a link to show how teams are still losing money today, and you still claim every team has made money for decades. Literally grade school level math, if you can't read by your own admission, I don't think you'd be able to do the math either.

 

Name a single NBA team that lost money last year.

 

I already said it, he gets the Max if Amen, Reed are not on the team.....or at least it would be much easier.

Bari is getting 20 plus million, Tari should get 18 plus million.

 

Named 3 in the posts you struggled to read, even bolded them for you because you have trouble with too many words.

 

Why would you post this when @heypartner corrected you by stating that the numbers you cited likely don't include revenue sharing, owner stake in stadium revenue, etc.?