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

I literally said their net operating income was 172.2m last year. Like, verbatim that's what I said. Are you schizophrenic?

 

I mean, if I owned a multi-billion dollar enterprise I would also hire accounting firms to make it seem I'm losing money , if nothing else for tax purposes.

Anyone who thinks most NBA franchises are broke does not know the lengths corporations will go to claim loss in their financials while making profits hand over fist.

 

Go back and read it all again slowly, sound it out if you have to.

 

I mean, exactly. Every businessperson with a substantial asset is trying to make it seem like they are losing money, but NBA teams make so much they literally can't accomplish that, despite the underlying asset appreciating significantly each year.

 

Those charts were not "absolute total revenue" as you called it, the statista chart was for team net operating profit. Make sense now? Now look a the Knicks financials and llook at the net operating profit w the full financials.

 

I think you are having a manic episode.

 

I think you are beyond help, this is basic math here. I broke it down for ya, but if you still don't get it you are beyond help guy.

 

You literally can't even keep terminology correct. You are clueless.

 

Sure, just put the fries in the bag.

 

Les Alexander bought the Rockets for 85 million in 1993. I bet they made a profit every year until he sold them for 2.2 billion, a 26x investment return. If you think that's a "trophy asset," you are a moron.

 

Again, asset appreciation vs net income. The original comment before you chimed in was about NBA team valuation coming from asset appreciation / multiple expansion and not from growth in net income. We are talking about today, not if you bought something 30 years ago. Extra BBQ sauce please, thanks.

 

You described owning an NBA franchise as a "trophy asset." I'm a corporate lawyer -- literally every businessperson's dream is to own a profitable asset that can eventually be flipped. Hell, an asset that is losing money can still be viewed as incredibly valuable if it's appreciating. You have a caveman's business acumen.

 

You can pick on terminology all you want, the original post was about how not every team was profitable a decade ago as the person i responded to claimed they all have been profitable for decades, just not the case. You sound like you went to a non target, if you went anywhere at all. An attorney would not have confused operating income vs. revenue.

Post that quotes operating income: https://www.statista.com/statistics...ational-basketball-association-teams-in-2010/

 

Rockets were on average the 4rth most profitable NBA franchise during the Alexander era. The China connection got them lots of sponsor money and the Asian community and Houston companies always bought out the expensive seats (they dont show up though lol).

Not sure about other poverty NBA franchises but Rockets have both profit generation and capital appreciation.

last year they got downgraded to 7th most profitable but thats still amazing considering they were sucking ass and rebuilding the last 3 yrs.

https://rocketswire.usatoday.com/20...lds-top-25-most-profitable-sports-franchises/

 

Anyway not sure how this got derailed but to be honest I am not sure how Stone convinced Sengun to sign off on this deal.

This is very similar to Jalen Brunson I believe if Sengun bet on himself he would be an insta max next year. The argument I've seen everybody say is he wanted financial security due to his injury but remember his injury wasnt even that serious, Tari's mystery injury was more serious than Sengun lol.

Sengun could have also taken Jalen's deal and guarantee himself 106M while still having option to make a lot more cash. I think his deal is just a commitment to the Rox and showing he wants to be a Rocket for life.

 

Alperen Sengun - "I mean you know"

 

Alperen Sengun - "I mean you know."

 

I don't know. Several international players seem to be really loyal to the team, that drafted them, so that may be it. But I believe this is the result of Stone playing hard ball and Sengun caving in because of security and because this is still an unbelievable amount of money. But if that contract ends up being a bargain, there may be bad feelings towards Stone...

 

I dont recall Stone playing hard ball ever in fact his detractors call him soft and a pssy for caving in and trying to sign people to large deals like Theis, Oladipo, Brook Lopez and Dillon Brooks. Stone got saved by others turning him down multiple times.

I find it hard to believe he couldnt hard ball Dillon Brooks who people were saying belongs in China but then hard ball Sengun who is easily a rookie max player.

Of course if the Rox suck ass and sign overpaid players then Sengun will be mad so hopefully Stone doesnt mess up on the last stretch of the rebuild.