NBA's Rise In Popularity This Season Hasn't Yet Translated To Increased Profits
With NBA Deputy Commissioner & COO Adam Silver during All-Star Weekend saying the league “will not make money this year," TRUE HOOP's Henry Abbott asked, “How can the league be so shockingly popular this season, and not yet profiting?” The league's books are “not public, and thus there is not an independent answer.” The explanation from the league is that the “cuts in player costs roughly match the losses from last year.” But this year the league said that there were “an additional $200 million in losses related to the lockout, for instance due to lost ticket revenue and corporate sponsorships that didn't happen.” Abbott wrote, “More importantly, popularity only equals big changes in revenue over years.” The “most obvious way that happens is with more lucrative national TV deals, but the old deals are still in place for two more years.” High TV ratings have “not meant new TV revenues for the league,” and corporate sponsorships “similarly take time to develop” (ESPN.com, 2/25).
INJURIES ABOUND: In New Orleans, John Reid noted some coaches have “shortened their shootarounds and eliminated some practices altogether” as they are “struggling to keep players off the injury list.” Still, the injuries “continue to pile up.” The Bulls were “forced to go five games without" G Derrick Rose, who injured his back. Knicks F Carmelo Anthony “missed seven games with a strained right groin,” and Clippers G Chris Paul “returned last week after missing five games with a strained hamstring.” Among the 24 players selected to play in Sunday night’s All-Star Game at the Amway Center, “11 were sidelined with injuries at some point during the first half of the season.” Hornets Coach Monty Williams said, “I just think guys exhaled when the union disbanded during the lockout and guys figured we wouldn’t play until January. But I think it caught a lot of guys off guard, and I think that’s why you see so many hamstrings, sore foot and back issues. Guys were not in shape’’ (New Orleans TIMES-PICAYUNE, 2/27).