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You Have To Spend Money To Make Money

Do Not Sell My Personal Information

TheAdmin

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NEW YORK (AP) — The New York Knicks' struggles on and off the court didn't keep the team from remaining the NBA's most valuable franchise for the third straight year, according to a list compiled by Forbes.

The Knicks were valued at $604 million, up 3 percent from the previous year despite a spate of losing, an embarrassing defeat in a sexual harassment lawsuit, and continuing questions about the future of coach Isiah Thomas.

The NBA's marquee franchise also had a league-high $196 million in revenues for the 2006-07 season while topping the list with negative $42.2 million in operating income after going 33-49 and missing the playoffs.

The Los Angeles Lakers decreased in value 2 percent, down to $560 from $568 million, but remained second on the list. The Chicago Bulls were third with a value of $500 million and a league-best $59.3 million in operating income. Detroit and Houston rounded out the top five.

The Cleveland Cavaliers showed the biggest jump in value among the top 10 teams, increasing 20 percent to $455 million. They jumped from 10th to seventh.
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20% increase in the value of your team. Thats why you don't mind paying luxury tax.
 
your tagline is connecting the two points directly (spend more, be worth more) with a cause and effect that this article doesn't represent with facts. was there more to this ben?

Despite the fact that we pay some guys around Lebron a lot of money, I don't know that's an argument as to us being worth more. Would we be worth more if it was everyone but Lebron around a more average star making similar money(say a Paul Pierce). I would say we're worth more because A.) we make more money because we've gone deeper and performed better (which is in part because we've spent more), and B.) we have a top tier superstar whose profile grows larger every year and whose performance continues to lead to signs of him being the face of the league (something of real value). That hardly gives our spending all the credit.

Making more money as a team often makes you more valuable. We've made much more last year due to the Finals appearance and more home games. I think a case can be made we've performed better and gone deeper due in part to our spending on complementary parts, but you could also argue very convincingly that it's due mainly to Lebron consistenly increasing his profile and thus the global and national profile of our team. That has nothing to do with spending.

I guess what I'm saying is I think the thread title is a bit misleading. It seems as if it's meant to spurn a debate that we shouldn't hesitate to spend on pricier players because we can make it back on the back end (maybe reading too much into this- not trying to insinuate things from one sentence from Ben).

Team worth means nothing to the Cavs unless Gilbert intends to sell the team in the near future. And the Cavs aren't gonna make much more off home games then we did with a Finals run last year and regular sellouts. Merchandising is where they can cash in and a large part of that can be pinned solely on Mr. Lebron James and his growing global presence.
 
20% increase in the value of your team. Thats why you don't mind paying luxury tax.

Interesting article, but I agree with others on the reasoning for the increase.
 

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