Going for broke
I find it simply amazing the gullibility of today`s sports fan and a belief that they seem to have that because a franchise owner (NBA) is steeped in billions . There is no simplicity to the madness, that an owner can simply spend tens of millions of dollars on talent, in seeking to gain success overnight. Rarely has that been known to happen overnight and more often than not , the franchise itself may well have lost just as much as the owner has spent in acquiring the athletes to fulfill their dreams. Nowhere has this been more self-explanatory than with the fortunes of the Dallas Mavericks and Miami Heat in recent years . The two franchises in question are the winners of the last three NBA titles . Team owners Mark Cuban and Micky Arison are amongst the wealthiest owners in North American sports , with their names to be found amongst the Forbes` 400 wealthiest Americans. That in of-itself, is by no means a guarantee of their alleged successes as owners of a sport`s franchise. For years, both the Heat and Mavericks toiled in the obscurity of the NBA, as other more illustrious franchises held the limelight and the glare of the spotlight before attaining the success denoted in their respective histories.
For the Dallas Mavericks after a disappointing season , during which the team posted a 41-41 record , good enough for tenth place in the Western Conference . The front office led by GM Donn Nelson and head coach Rick Carlisle , in conjunction with Mark Cuban sought to revamp the roster of last season , in the hope of building a competitive contender for the upcoming year . What has become abundantly clear with the Mavericks` owner in recent years , was that money was of no object , as he chose to offer king`s ransom to any player willing to sign with the Texas-based franchise . At the height of the executives` capricious spending in seeking to lure some of the top-flight free agents , Mavericks` payroll was as high as $92.5 million during the 2008-09 season . As the sixth seed for that year in the Western Conference , the team would meet the San Antonio Spurs in the first round of the NBA Playoffs . The Mavericks` foray in the postseason would be short-lived as they would fall to the Denver Nuggets in the conference semi-finals 4-1 .
Fueled by that loss, Mark Cuban continually spent money unwisely in the chase for that elusive first NBA title, and along the way racking up losses for the Mavericks` franchise in excess of $103 million . Now one should bear in mind also that the NBA did have a soft salary cap in place , with teams exceeding the cap being penalized under the luxury tax penalty structure. . For the teams who sought to exceed that cap , NBA Commissioner David Stern and the league hierarchy continued to sell the fans a “ bill of goods“ , knowing full well that the financial health of the league`s teams were nowhere as healthy as he was trying to suggest . Between 2009 and 2011 the league`s executive committee ( hierarchy) sought financing from major financial institutions to aid teams around the NBA , who were said to suffering acute financial problems . The sum borrowed exceeded over $515 million . At the time , NBA Commissioner David Stern stated that … “monies received by these franchises should not be viewed as a bailout , but merely a way to aid the teams overcome what had been a difficult period for the NBA in the midst of an economic downturn that was adversely affecting the country “ . So good to know that at the time the league could avail itself over of a half billion dollars ($500,000,000) , while small businesses around the country could not be facilitated with a small business loan . Your thoughts on that specifically ? From 2003 to 2011 , the NBA and its teams have received financing exceeding $2.3 billion ($2,300,000,000) and yet it would appear that the greed of the league and its owners seem almost boundless .
The 2010-11 season would see the rise of the Dallas Mavericks , as the team led by Dirk Nowitzki , would finally slay the dragon , on their way to a rather surprising Finals` victory (4-2) over the highly favored Miami Heat , who were at the time were led by their trio of NBA All Stars , LeBron James , Dwyane Wade and Chris Bosh . What took place during those series of games was a testament to the strength of the Mavericks and what I believe to be the sheer arrogance and complacency of the players on the Heat`s roster . Nowitzki would come away with the Finals` MVP award and adding to his legacy as perhaps the best European to have played in the NBA during its history.
This upcoming season the Dallas Mavericks will be built around Dirk Nowitzki as the central focus point of a team looking to get younger . As to how they will fare against much younger and far more athletic rosters within the Western Conference will be predicated upon the defensive and offensive capabilities , and how they are able to play in transition . The veteran forward will be looked upon to be and provide a large part of the team`s offensive productivity, Something that the player has been able provide for the franchise over the majority of his career. And it is proof , to the testament of his game and the longevity of his career.
The NBA Draft of 2003, literally provided the NBA with a plethora of stars , that over the past decade have provided the league with one of its richest era during the NBA`s existence . If you simply peruse the list of players taken over the first two rounds , you can see undeniably, that a number of those stars players are still around and very productive within the NBA. . Granted , there were a few hits and misses made by a number of teams in the assessment of the players drafted .
Lebron James taken number one overall, by the Cleveland Cavaliers would be followed by Darko Milicic , taken by the Detroit Pistons . A pick that many believe was so stupid in the sheer gullibility and lack of thought made by Pistons` GM Joe Dumars . The pick would set the franchise back for a number of years , due to Milicic`s lack of productivity , but the Pistons would somehow come through to pull off what I believe to the biggest upsets in NBA Finals` history over the past two decades , when they simply outplayed the Los Angeles Lakers on their way to the 2004 NBA Finals` championship (4-1) .
The Miami Heat`s success in acquiring their first title was built around the premise and skill-set of Dwyane Wade and surrounding him with players complementary of his skills . Wade along with center Shaquille O`Neal , Jason Williams , Gary Payton , Alonzo Mourning , Michael Doleac , Dorell Wright and other role players . Then head coach Stan Van Gundy would be ousted from his position in 2006, as the team would go on to make that season`s NBA Finals. While the controversy concerning Van Gundy`s ouster had more to do with is souring relationship with central figures O`Neal and Wade . It was widely known, that Heat team President Pat Riley sought one last shot at winning a title as a head coach. Riley denies that Van Gundy`s ouster was anything more than his desire to return to a head coaching role. Riley would excel in leading the Miami Heat to their first NBA title along with Wade`s bravura postseason performances that would also see him garner a Finals` MVP award as the team derailed the hopes of the Dallas Mavericks that season .
Micky Arison and Pat Riley would not let team expenditure in terms of the payroll be a hindrance to what was their ultimate goal . Winning that elusive first title would prove to be profitable, but also create even bigger problems going into that off-season . From a team high payroll of $119 million and with the salary cap of $49.5 million , Miami during the off-season paid just over $70 million to the league hierarchy in luxury taxes. Teams surpassing the cap figure were imposed with the customary dollar-for-dollar penalty, as mandated under the collective bargaining agreement. . The team`s payroll would drop from the aforementioned figure to a more manageable $78.2 million for the following season , but still remaining above the league mandated cap (soft salary cap) .
A patron of this site whose business acumen as such simply revolved around zeroes and the wealth of NBA franchise owners, was of the opinion that the Brooklyn Nets merely because of having acquired Kevin Garnett , Jason Terry and Paul Pierce would be a competitive franchise with the prowess of Deron Williams , Joe Johnson and Brook Lopez . The fact that the addition of the former Celtics trio adds an additional $33 million to the team`s already bloated payroll for the upcoming season which will be set at $ 102.7 million , ranking the Nets` payroll atop of the league`s thirty teams . In the past two seasons Nets` owner Mikhail Prokorov has squandered in excess of $250 million in payroll and luxury tax fees on a franchise , whose playoff run was a single appearance last season , that ended rather abruptly in a first round playoff series` loss , with the team itself , being less than competitive , lacking in leadership and any heart , in being able to play , even a modicum of defense during the postseason . Yet somehow, here was an individual now rather vainly and I do believe idiotically, trying to extol the virtues of a team where three aged veterans will not be able to truly contribute to a roster lacking in leadership and who will now have a rather inexperienced head coach at the helm, in Jason Kidd . The Brooklyn Nets are simply an organization looking to keep up with many of their more illustrious luminaries , while simply believing tat throwing money at an issue is the ultimately the best way to solve it , without showing any real knowledge of know what it is they are doing .
In the subsequent years between the Miami Heat winning first NBA title to successfully making a defense of their second title won in 2012. The franchise has seen a number of highs and lows . None more so, than the less than celebratory departure of Shaquille O`Neal and the we ill will between the player and the organization . During the intervening years , there have been multi-million dollar losses , $140 million u in total , upheaval of the rosters and a change of coaches. Pat Riley`s protege Erik Spoelstra succeeded Pat Riley in 2008 , and the young head coach brought a about a great deal of stability and , with the players buying into his coaching style and blend of youthful exuberance .
The biggest coup for the franchise however , was Pat Riley`s engineering of the deals that would bring both LeBron James and Chris Bosh to the team , along with the re-signing of Dwyane Wade. An immediate impact could be felt on the franchise’s bottom line and that proved to be fortuitous along with the astonishing rise in attendance for the organization . Teams at home … facing the Miami Heat saw an immediate attendance spike , alongside concession sales . There is a unique business principle that comes into play , something I believe that is often overlooked by inane fans, simply making pronouncements about teams and their willingness to simply spend money on a whim . If you are going to make such a presumptive statement , at least have the temerity to back it up with something more substantive , than that is a good team, simply because of the makeup of the roster and the fact that the team`s owner has a great deal of money to spend . It simply shows ignorance and even more so, a lack of understanding about the economics of a sport that is not solely about X`s and O`s.
LeBron James, since his entry into the NBA as proven to be everything the analysts and fans believed him to be. The accolades received, have been a testament to that fact , as his game has become more well-rounded , along with a leadership ability , the respect of his peers and the growing belief now , that he could very well over the next five or so years reach the unprecedented heights of surpassing almost every feat achieved by his boyhood idol Michael Jordan . There is no denying that James` decision to come to Miami, was not only of benefit to the player, but a major part in the turnaround of the franchise and the economic impact brought to the city, but quite possibly above all, to the NBA as a whole. James as now joined the rarefied air of being mentioned in the same as breath of many of the all-time greats within of the game . Justified or not, I will let you be the judge of that ! As to the statements made within this article , do you believe that the NBA can now continue on its current course, when so many of the teams choose to ignore the league`s soft salary cap ? Also , do bear in mind that in spite of the increased values of a number of the NBA franchises , a number of the organizations have acute financial issues , wherein profitability is their greatest concern . Your thoughts on this and anything else you believe pertinent to the subject matter? Chime in with a comment, as you see fit.
Picture and slideshow gallery details below .
(1) Pictured from left to right, are Miami Heat owner , Micky Arison , head coach Erik Spoelstra and team President Pat Riley. The trio celebrating the franchise`s 2012 triumph in winning their second NBA title . A feat that would be repeated again this past postseason with the Heat`s second consecutive title and third overall in the past six seasons . The Miami Heat hope to achieve their own historic three-peat by winning a third consecutive title in the 2013-14 season . The franchise is now a heavily backed favorite by the odds-makers in Atlantic City and Las Vegas , respectively. AP Photo /Bruce Moss …..
(2) Jason Kidd , left, is seen here alongside Dallas Mavericks` team owner Mark Cuban , head coach Rick Carlisle , Jason Terry and Dirk Nowitzki. The group are pictured just after the franchise`s triumph over the Miami Heat in the 2011 NBA Finals . Getty Images / Kim Moran ….
(3) Mikhail Prokhorov team owner of the Brooklyn Nets is seen here with former minority stake owner in the NBA franchise , rapper and entrepreneur Jay-z . The entertainer has since sold his interest in the team back to Prokhorov , having become the founder and owner of sports` management company RocNation Sports , a full consultancy sports management firm sports marketing and promotions company , managing athletes and their business portfolios . Jay`z was also licensed as a certified sports agent by the NBA, WNBA , NFL , NHL , MLB . Prokorov for his part in conjunction with team general manager Billy King in the past two seasons have spent in excess of $ 375 million on team payroll and luxury taxes for a franchise , that has yet to progress beyond the first round of the postseason since he assumed control of the Brooklyn Nets . Getty Images / Mark McNair ….
(4) Carmelo Anthony , left is seen here with LeBron James on the night of the 2003 NBA Draft . The two players were drafted in the first round by the New York Knicks and Cleveland Cavaliers respectively , with James being the number one pick overall . NBAE/Getty Images / Christopher Riggins ….
(5) LeBron James and Michael Jordan . Comparisons are now being made between the two players and their respective careers . I believe that certain similarities can be made , but on making a call upon who is said to be the better player . It should and is best left to NBA historians after the career of James has ended , and then true comparisons can be made . Matte Inc . @ copyrighted material ……..
NB: The NBA bailout , twenty-two of the league`s thirty teams were recipients of the funds disbursed during the years mentioned .
NBA team payrolls and salary cap $58.044 million