its a urban legend. Lakers,Bulls and knicks generate way more usable revenue than yao for their teams. Luxury boxes and local tv- radio is the cash cow teams don't have to share. Love or hate him, but cuban doesn't let lt stop him from getting players. At one point they had 4 max contracts. U can't be scared of a couple of million if u can be great.
Idiots like you have no clue. Les actually lost money during these years because his unlucky investment in real estate market. With the money brought by Yao, Les could at least offset some of his loss. Without Yao, Les would have lost even more.
You are right, if Yao played in the three teams you mentioned, the impact he makes on the revenue will be far greater. Houston is a smaller market compare to those three.
If you go to a game, you'll see plenty of Chinese ads. Yao is probably keeping Les afloat because Les does make money off of him. It's not an urban legend. However I disagree in using it as a reason to keep a player. Someone mentioned once that Les has lost a lot of money in the stock market and the only thing he has going for him is the team. So I don't see Les going over the luxury tax anytime soon despite what he says. If you were not doing well financially, would you pay tax or try to get it done without it?
Which would explain why the Cavs had more revenue then the Rockets last season right? Wining= Bigger $ income. The Knicks had a total loss $48Million in their total income in 07. The market definitely have a big effect on it, but if you don't win your not going to make any profit.
That is incorrect. The cap and the luxury tax threshold are 2 different numbers. The Rockets, I believe, are consistently over the salary cap. They do, however, stay below the luxury tax threshold. Pass that and it's a dollar for dollar payment to the league. Why exactly would Les want to do that? He's not stupid. Yes, he wants to win but this is still a business. He didn't make millions by being a moron.
I wonder why less is so feared about the luxury tax which seems trated as a bomb by less.The owner of the spurs is quite poor compared to less,but spurs has paid luxury tax for many years.The total sarlary of rockets is the least among the dx(Mem is off the dx).But less is the richest except cuabn.less aquier a lot of money from china ,but just pay yao 14m/yr ,most of which doesn't go into yao's pocket ,besides.
Just so we stay accurate. It has nothing to do with Yao. From reading the revenue sharing, the only money clubs keep is concessions,parking, lux boxes, local tv,cable and radio. When u look at NY, they have over 400 suites @ 300k per.They also have NYSN that is huge, not to mention the local radio rights too. All international money is shared by 30 teams. Some poster has always brought up side deals in china with the dealerships and stuff. LA has a edge like this also, but the rox could increase their revenue if they would market better. If u go to the valley, u see manu's mug everywhere. The rox should be adveertising all the way down to brownsville,corpus area and east to beaumont. If I'm wrong about the money sharing, pls feel free to correct me.
Stop posting here please, the Spurs team payroll was the same as the rockets last season, and will be $13 million LESS then the Rockets this season.
LOL, you are making an assumption that someone makes more money would spend in the way that you assume. Know what? someone gets more money in one investment could use the money in another investment, or he could save it, or he could use it for leisure, or..... need me to go on?
Well, houston is a bigger market than Cleavland, but the gate revenue is telling us that there are more Cavs fans attending the game. (Cavs' gate revenue is 51M compare to Rockets' 44M)
Yes, All international money is shared by 30 teams. But it is not shared equally. Foreign media has to pay money to the NBA to broadcast the games. Then depending on the number of games televised (by foreign media) for each team, the money is divided accordingly.
The more rockets games are televised in the foreign market, the more money Les get from the money pool.
The OP should have titled this topic "Where have Les Alexander's money gone?" instead of suspecting Yao Ming's impact brought to the Houston Rockets franchise. If I remembered correctly: Back in 2004/5, Les Alexander's net worth was somewhere below US$ 100M. He was ranked 29th in terms of personal net worth amongst the 30 NBA team owners, almost the poorest of them all. Then what happened in 2006? The following is a translated ESPN article dated October 2006 covering the Media Day of Houston Rockets. http://sports.newssc.org/system/2006/10/05/010148405.shtml In it, it mentioned: Les Alexander's net worth rocketed to US$ 1.2 Billion, 15 times his net worth back iin 2005 He was ranked 9th in personal worth amongst the 30 NBA team owners He cracked into the Forbe's 400 Richest Persons in USA, ranked 322 He specifically thanked Yao Ming, saying since the arrival of Yao Ming, he had made the above achievements, and that his target was to start cracking the China market, and increase his net worth to match the population of China. Of course, Les had lost alot in his investments in USA for the past 2 years due to the slumping US economy. The nose-diving stock price in FMD should have significantly reduced his personal net worth. But that did not take away the fact that Yao Ming is the Jewel in the Crown in the Houston Rockets. He is the Franchise player. Think about what will happen if Yao Ming is to be traded away. Do you think the current 20 to 30 + commercial endorsements from Chinese enterprises (Lenovo, Founder, China Peak, Ante, Li Ning, Tsingdao Beer, Haier, you-name-it) will continue to tie knots with Houston Rockets? Do you think his colleagues will continue to be signed and endorsed by Chinese shoesmakers? Do you think the Chinese fans in China will still take and follow Houston Rockets as their home team?
