chuckiepoo
BeachVOLLEYBall Fan
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NBA Revenue for the season just completed was 10.3 billion... The WNBA may generate a little over a billion.. even with the new generation of players it will be hard to generate much more than the billion...going forward.…and that does seem unfair. Tough issue. At what point do the players investors (owners) recoup their losses and move forward with an equitable agreement? That’s basically what the purpose of the CBA.
From an investor viewpoint, the P&L losses don't matter much if the equity appreciates substantially. The marketing incompetence that causes losses can be fixed.
"I see lots of morons trying to act like WNBA players don’t deserve more money," Portnoy tweeted. "They are throwing around this 'lost 50 million' number that nobody even knows where it comes from. The finances of the league are a mess, tied in with NBA and purposely murkey. The owners don’t want to say how the league is doing cause then you gotta pay more going into bargaining agreement. The league is exploding. Franchise values are exploding. Ticket sales, merch, TV rights all exploding. The players have an opt-out in their CBA. Of course they took it. It’s all about leverage in re-negotiations and for the 1st time in history of league players have power. The players make virtually nothing while the entire league explodes. Of course they deserve more money. Just the values of the team pay for it without all the other stuff. If somebody told me I could buy a Boston team for 250 million I would do it without blinking. That’s all you got to know about the WNBA finances."
She has made some controversial statements in the past. The one that got her into some heat was "Rooting for the Celtics is like saying Hitler was a victim. It's like hoping Gorbachev would get to the blinking red button before Reagan." That comment was over the top and she apologized and retracted it quickly.Now that’s a centered, responsible reference…
Another thing I notice is that all the people saying what these women don’t deserve keep citing the financials from this year, conveniently leaving out that their new media rights deal kicks in next season and is $200 MILLION a year,” she wrote. “The WNBA is adding multiple franchises because there are a line of investors wanting in. The financial trajectory is high. You think billionaires want to be in on bad products? The NBA lost money for over 40 years. Do you think player salaries stayed the same for 40 years? (Hint: They did not).”
Just over 50% of NBA revenue comes from media rights. That % is going to increase with the new media deal. Again, in the jointly negotiated media contract, the NBA gets 7 billion a year and the W gets 200 million. Switch the numbers to $6.5 billions and $700 million and the economics of W look entirely different.NBA Revenue for the season just completed was 10.3 billion... The WNBA may generate a little over a billion.. even with the new generation of players it will be hard to generate much more than the billion...going forward.
I was looking into the WNBA's finances the other day after seeing somewhere they lost 50 million dollars. Unless I misunderstand Capitalism companies that lose money cease to exist. It was clear upon just a cursory amount of research that the finances of the league are being deliberately obscured so they can claim they aren't making money off of it.
Yeah, you have a point, but you're also talking about ventures with promises of long-term profitablity. The way they talk about the WNBA there's no hope of profitability. And we both agree that's pretty ludicrous.Well, lots of companies particularly in the tech sector (including Tesla) operate in the red for long periods of time and are kept afloat by venture capitalist who are betting on longer term pay offs. The rules of capitalism that apply to your local mom and pop butcher shop are not same for large corporate ventures.
The WNBA was kind of a tax write-off for the NBA and a longer term bet for investors but it very likely has turned into a revenue generator in more recent years and that reality is probably being masked through accounting practices-- that is another component of the players displeasure
females account for 51% of the population in the USAYeah, you have a point, but you're also talking about ventures with promises of long-term profitablity. The way they talk about the WNBA there's no hope of profitability. And we both agree that's pretty ludicrous.
Another thing I notice is that all the people saying what these women don’t deserve keep citing the financials from this year, conveniently leaving out that their new media rights deal kicks in next season and is $200 MILLION a year,” she wrote. “The WNBA is adding multiple franchises because there are a line of investors wanting in. The financial trajectory is high. You think billionaires want to be in on bad products? The NBA lost money for over 40 years. Do you think player salaries stayed the same for 40 years? (Hint: They did not).”
You have to contextualize her statement. She is arguing against the social media warriors who keep posting that WNBA players don't deserve more $ because the league supposedly lost 50 million last year. Her comparison to the NBA is to highlight the double standard-- NBA players could still demand more when their league was operating in the red and they were not widely condemned for wanting better pay and working conditions.Implying that they will paid the same with the new $200 million media rights deal is not being very truthful. They will all get a decent raise because of the new deal. No, the men's salary didn't stay the same for 40 years but neither will the women's. They are currently getting 9 percent of total revenue and with the new bargaining agreement they are working towards, that percentage will increase. The dispute is over how much. The women want 50 percent like the men but they are dreaming if they think they will get that much.
I’ve been swayed in my opinion by @madtownvol .You can make a lot of money under today's rules & practices by just moving money, without ever buying or selling a product or service. So anything would be believeable regarding the WNBA and owners and hot franchises.
I appreciate all you posters with more than a cursory knowledge sharing your facts and insights.
Opinions are easy. Understanding reality in all its complexity is apain in thechallenge today.
Plum's "tattle" on Clark was just strange. Clark and everyone on "her" team wore the shirt so what's the beef?
A Union negotiation is a time for solidarity not pettiness. If Plum has a grudge with Clark (which seems to be the case), keep it private. Cowherd was spot-on, time to grow-up.
Plum's "tattle" on Clark was just strange. Clark and everyone on "her" team wore the shirt so what's the beef?
A Union negotiation is a time for solidarity not pettiness. If Plum has a grudge with Clark (which seems to be the case), keep it private. Cowherd was spot-on, time to grow-up.
This one is a little mixed, the full clip is public and the comment was not taken out of context. Plum did say she was trying to keep it “light” but Sabrina Ionescu literally cringed when Plum made the remark. It is hard to see what the joke was. Perhaps some weird reference to saying our team is better than the other all star team but it remains a dumb comment to make at the time, particularly from the VP of the players union,I believe the context of the "tattle" was a joke that was taken out of context for clicks. Anything to stir up the CC outrage (from either side).
I’ll agree with you then. I don’t think most players in the W hate CC or are jealous of her or any of those dumb narratives, but it doesn’t help when people put their foot in their mouths either.This one is a little mixed, the full clip is public and the comment was not taken out of context. Plum did say she was trying to keep it “light” but Sabrina Ionescu literally cringed when Plum made the remark. It is hard to see what the joke was. Perhaps some weird reference to saying our team is better than the other all star team but it remains a dumb comment to make at the time, particularly from the VP of the players union,