Yao a cash cow????? I have a question: Where is all the money that Yao is making for Less? Everyone always says Yao is bringing in sooo much money into Less's pockets, but yet Less is afraid to surpass the LT. I have never seen any figures or any change in how the organization is ran since Yao has been here. To be honest, I think the money is just an urban legend. Where is the money? How much is it ?
of course not, Less is afraid to go past the cap. Why should he be if Yao is bringing him millions that have been reported on this website.
If you want to know at least part of the reason he does not want to be in luxury tax land, check the recent stock quotes on First Marblehead (FMD). Les has over 15,000,000 shares. A drop from $40 per share to $2 has got to hurt.
Yeah, I think the 'cash cow' thing might be overblown. If you go by jersey sales, people like Kobe, LeBron and even T-Mac are more popular in China. Then again, I vaguely remember some article stating that the franchise's value has doubled (or something to that extent) since the arrival of Yao. I think it was Forbes. I could be mistaken.
Yea but that only matters if Les tries to sell the team. I think the OP wants to know the net amount of income by the Rockets since Yao joined the team from the oversea market. Like merchandise sells, product placement revenues, tv deals ect.
http://www.forbes.com/lists/2007/32/biz_07nba_Houston-Rockets_322525.html revenue almost doubled since he joined
exactly. I want to know how much money has Yao generated for the rockets. How is he a cash cow and why doesnt it translate into IMPROVING the roster??
Great thanks for the link. But if you consider that the player's salaries have been going up for a while now. while the wins to player cost ratio: It doesn't seem like Les has been holding back in terms of spending to win, its more about spending money smartly rather then just throwing cash around.
(1) People mention the money Yao brings to argue why the Rockets won't get rid of him, not to argue why we should not basketball-wise. (2) Just because he has more money doesn't mean he wants to spend it. Not that we should care about that either. (3) Yao's monetary value to Les will show up in the valuation of the team, which is just evaluating future cash flows. However, the analysis probably goes into perpetuity, whereas the Yao-effect does not. So, his immediate impact would be somewhat dampened in the valuation. (4) Spending more money doesn't generate a better team, as proven by the Mavs, Knicks, and others. (5) I think you're right that Yao's impact is probably overestimated. Tangentally, do the Rockets have to share revenue from Chinese broadcast rights with the other teams in the league?
Thank you Juan. However, the main goal of Les is to do what it takes to make the team better. What ever it takes. The knicks are boneheaded. The mavs have been out of the 1st round multiple times and plus they have a finals appearance to boot. One thing you can say for sure about the mavs is that they don't suffer from a lack of talent.
well you can still screw up a roster even when your spending over the tax threshold. but if you spend wisely the more money you spend the easier it will be to get the player you want. i think thats a pretty simple notion.
How do you know this is Les' main goal? This is what YOU THINK what his main goal SHOULD BE. Big difference.
