Jazz CEO Greg Miller Discusses Franchise's Economic Challenges
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Finding Ways To Generate
Money Big Challenge For Jazz |
Jazz CEO Greg Miller said the biggest challenge for the team in the next five years will be "finding ways to generate enough revenue to pay as much money as we can ... to pay up to the cap or probably up to the luxury tax threshold, so that we can put the most competitive team on the floor," according to Jody Genessy of the DESERET NEWS. Miller: "I've got to think at some point we're going to cross a line where there's enough pushback from the market and from our fans that they say, 'Hey we helped you as much as we could, but we just can't go that far.' And I hope we never have to push it that hard and I hope we never find ourselves in (those) circumstances." When asked if the financial impact of other entities owned by Jazz parent organization Larry H. Miller Group of Companies will affect the basketball team, Miller said, "We're always looking for ways to improve our operation and strengthen the weak operations, and occasionally we'll have to subsidize one of the weaker operations from the profit of the healthy operations. But over time I think it would be accurate to say that each entity within the organization has stood on its own." Miller said of the team not being a luxury-tax payer, "We want to be as competitive as we can, but we can't sacrifice the well-being of the entire organization and put all of our resources toward the Jazz to the point where we're making poor business decisions on the rest of our organization just to try to win a championship" (DESERET NEWS, 2/1).
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