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How NBA Team Owners Hide Their Club's True Profit From The Players' Union
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How NBA Team Owners Hide Their Club's True Profit From The Players' Union - November 1, 2011, 12:59 PM

Interesting article for the Ball fans on here.

It appears someone got ahold of the New Jersey Nets Audit from a few years ago.

This is one of the reasons why the Union is holding out. They know the "open" books the Team owners are presenting and the BRI they claim is a cooked number designed to favor them to a greater extent than the actual losses they claim to the league and Player's Union.

Here's an interesting tid bit I never knew; Congress passed a law that allows sports teams owners to take a depreciation credit (Like you would on Capital Equipment) on the payroll expenses of their players. This is called the "RDA" - Roster Depreciation Allowance.

Ain't that some ish? I wonder if I can claim myself as a depreciating asset as I get older and take a tax credit each year? Yeah, I'm sure the IRS will have no problem with this.




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November 1, 2011, 01:30 PM

And this is why I don't go to sporting events.... supporting a corrupted ass system.


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November 1, 2011, 01:35 PM

Man, that sucks. I sure feel bad for those folks making half a million - tens of millions to play a fucking sport!
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November 1, 2011, 02:01 PM

Im always down for anyway to hide paying taxes lol....
I remember some car racer saying....Its only cheating when you get caught.


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November 1, 2011, 02:28 PM

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Originally Posted by BiffTannen View Post
Man, that sucks. I sure feel bad for those folks making half a million - tens of millions to play a fucking sport!
No kidding.

Would anyone question that NBA players aren't the most overpaid of athletes today?

More than 2.5X what football players with dramatically shortened careers make and about 2X what MLB make.

I could give a rat's ass if the whole system collapsed on itself except for the people that work and depend on stadium jobs.
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November 1, 2011, 02:39 PM

Did not read, lol.

The premise is understandable, since a company's P&L is not always the best indication of its ability to pay its bills/employees, so I guess the players' reps are trying to use the team's cash flow rather than profit as a basis for negotiation. Depreciation is a strange animal to begin with, as you have book depreciation vs tax depreciation, and neither represents the true useful life of an asset. However, utilizing one of the tens of thousands of obscure accounting rules to ones benefit =/= cooking the books. The whole lot of them can go belly up for all I care.
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November 1, 2011, 03:31 PM

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Did not read, lol.

The premise is understandable, since a company's P&L is not always the best indication of its ability to pay its bills/employees, so I guess the players' reps are trying to use the team's cash flow rather than profit as a basis for negotiation. Depreciation is a strange animal to begin with, as you have book depreciation vs tax depreciation, and neither represents the true useful life of an asset. However, utilizing one of the tens of thousands of obscure accounting rules to ones benefit =/= cooking the books. The whole lot of them can go belly up for all I care.
^This. EBITDA, IBCCE, PnLs are all facked up systems that were adopted to keep true scorecards hidden anyways so they really don't mean much even if you got to see them. Honestly fack the owners and the star players. They already made enough to retire (sans their stupid ass spending habits). I feel bad for the guys that get paid the left overs and the staff that take care of the facilities. They get hit the hardest.


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November 1, 2011, 04:07 PM

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Originally Posted by vonstallin View Post
Im always down for anyway to hide paying taxes lol....
I remember some car racer saying....Its only cheating when you get caught.



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November 1, 2011, 04:22 PM

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Originally Posted by BlackHatch View Post
No kidding.

Would anyone question that NBA players aren't the most overpaid of athletes today?

More than 2.5X what football players with dramatically shortened careers make and about 2X what MLB make.

I could give a rat's ass if the whole system collapsed on itself except for the people that work and depend on stadium jobs.

Just playing Devil's Advocate, but I would argue that Baseball and Football players are overpaid based on their level of specific output. .

The MLB season may be 162 games, but your average player is only up to bat 4 times a game then scratching their butt in the field or on the bench the rest of the game.

Pitchers do earn their money, but then again, after 100 pitches they're pulled and only pitch 2x a week.

NFL, 16 games. 16 hard games, but still 16 and the players only play one side which is about 40-50 plays per game.

An NBA season is 82 games and 48 minutes of non-stop action and you play both ways.



“Any man who tries to be good all the time is bound to come to ruin among the great number who are not good. Hence a Prince who wants to keep his authority must learn how not to be good, and use that knowledge, or refrain from using it, as necessity requires”.

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November 1, 2011, 04:36 PM

Quote:
Originally Posted by BlackHatch View Post
No kidding.

Would anyone question that NBA players aren't the most overpaid of athletes today?

More than 2.5X what football players with dramatically shortened careers make and about 2X what MLB make.

I could give a rat's ass if the whole system collapsed on itself except for the people that work and depend on stadium jobs.
If i'm not mistaken many baseball players make much more than basketball players...


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November 1, 2011, 04:36 PM

Quote:
Originally Posted by Heist View Post
Just playing Devil's Advocate, but I would argue that Baseball and Football players are overpaid based on a specific output basis.

The MLB season may be 162 games, but your average player is only up to bat 4 times a game then scratching their butt in the field or on the bench the rest of the game.

Pitchers do earn their money, but then again, after 100 pitches they're pulled and only pitch 2x a week.

NFL, 16 games. 16 hard games, but still 16 and the players only play side.

An NBA season is 82 games and 48 minutes of non-stop action and you play both ways.
Hockey players are similar to games played and playing both ways but with less minutes played.Wayyyyyyyy more physically demanding and punishing.


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November 1, 2011, 04:37 PM

Quote:
Originally Posted by Heist View Post
Just playing Devil's Advocate, but I would argue that Baseball and Football players are overpaid based on a specific output basis.

The MLB season may be 162 games, but your average player is only up to bat 4 times a game then scratching their butt in the field or on the bench the rest of the game.

Pitchers do earn their money, but then again, after 100 pitches they're pulled and only pitch 2x a week.

NFL, 16 games. 16 hard games, but still 16 and the players only play side.

An NBA season is 82 games and 48 minutes of non-stop action and you play both ways.
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November 2, 2011, 01:21 AM

Quote:
Originally Posted by F3_Chimp View Post
If i'm not mistaken many baseball players make much more than basketball players...
Look up average salaries and the average NBA player is making much, much more.
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November 2, 2011, 02:27 AM

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November 2, 2011, 08:53 AM

Quote:
Originally Posted by Heist View Post
Just playing Devil's Advocate, but I would argue that Baseball and Football players are overpaid based on their level of specific output. .

The MLB season may be 162 games, but your average player is only up to bat 4 times a game then scratching their butt in the field or on the bench the rest of the game.

Pitchers do earn their money, but then again, after 100 pitches they're pulled and only pitch 2x a week.

NFL, 16 games. 16 hard games, but still 16 and the players only play one side which is about 40-50 plays per game.

An NBA season is 82 games and 48 minutes of non-stop action and you play both ways.
Um, hockey is 82 games, 60 minutes of non-stop action, and WAY more physical and physically demanding than basketball. And they make crap compared to the NBA.


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