- To clarify a bit, it sure did seem like the demand was solid up till this past year but as of recently demand/ price will suffer in short term due to the lockout issues for the majority of teams like Portland, Phoenix, Indiana, etc selling their product short in order to get the deal they long for. I think of it like buying stock in a company. In theory the next few seasons will be a good time to buy low due to so many shareholders dumping their stock to just get out of jail. Meaning, alot of NBA owners will be looking to dump their teams in the next couple of years if teams continue to not increase revenue. However, if they succeed at getting a NHL type of deal, they might want to hang onto their teams much longer. Shorterm, the teams will suffer as the price stays low with the economic issues, in the longrun the price of their team will bounce back.
Actually the biggest difference is that in sport leagues, the whole entertainment value is tied up in the "studios" having to cooperate in a competition. And because of that, you can't have unlimited products like the movie industry. You have to have limited and stable number of competitors in order for it to be entertaining. This is a highly artificial and limited environment the players need to exercise their talent. This is why it's not just a matter of how much money they can get in a "free" market, but how the whole system is set up in order for everybody to thrive.
I would miss this though <iframe width="853" height="480" src="http://www.youtube.com/embed/hvxxo5PZyko" frameborder="0" allowfullscreen></iframe>
Thanks for the vid. Next time watch the round 2 video. Go to the 3:10 spot and listen to the announcer during the Rondo slam. Lol! Classic!:grin:
FisolaNYDN Frank Isola Hearing that NBA will cancel two more weeks of games tomorrow. In other words, Christmas is still on...for now
I believe what Jay is trying to say in his metaphor is that it's more of a hobby than a business venture. It isn't their main source of income. I believe he's also implying that making money is not the main reason why guys like him want to own a piece of a team. Just like how people buy paintings for the art, not for the sole purpose of making a profit.
The Billy Hunter interview is a great listen. Props to him for admitting that their are at lease 10 guys in the league who are over payed.
Lol, really? I kind of laughed when he said 10. As in, really Billy? Thats all you will admit to...10...?
Only since the death of the "studio system," which held the actors in thrall for decades. It took some brave men and women in that profession to break the hold the studios had over them, a hold that could relegate an actor to cheap "B" movies if they bucked the system, even if the public considered them huge stars. Television helped end the studio system, as well, but mainly it was the efforts of some big name stars bucking that system that made the difference. Stars like Orson Wells suffered and arguably lost, but others like Kirk Douglas and Burt Lancaster formed their own production companies and helped break the studios. I'm sure there are some parallels to the current NBA crisis in there, somewhere! ;-)-
Didn't the players play in other leagues like the CBA and ABL? Isiah Thomas was even commissioner and they went bankrupt. Hmmm...Isiah should have learned to control costs better. A managable salary cap might have helped the league survive.
