Charlotte Bobcats #25 in Forbes list of NBA franchise value.

The team lost $15.1 million in 2009, but on the plus side the team was 29th in the NBA last year.

about 2 years ago James Dator 11 comments 0 recs |

Comments

Let's not paint this as great news, though.

When the blurb includes the line “With the team in disarray, players are turning down offers, which will only serve to make it more difficult for the Bobcats to turn things around…” it probably can’t be portrayed as positive

Remember when the Panthers had a good offensive line? Yeah, me too.
--Darin Gantt

by MichaelProcton on Dec 9, 2009 10:18 PM EST reply actions

True

But this is in relation to the 2009 fiscal year.

If the Bobcats continue to play well and somehow find themselves in the playoffs I think it will be a lot easier to find a buyer.

Cat Scratch Reader's resident optimist.

by James Dator on Dec 10, 2009 7:20 AM EST up reply actions

Or an investor

I can’t get into a lot of specifics but ticket sales are up so far this year by a significant amount. On the negative side, it’s the cheaper seats in the upper levels that are showing the biggest increase (on the single game ticket sale side) but the stadium is seeing a bump on almost all levels in terms of the number of seats purchased per game. This doesn’t mean a turnaround in fortunes, but it does represent positive movement and that’s something Johnson hasn’t been able to trumpet about very often. It’s all relative and things can go either way as the season progresses – and it may just mean they lose less this year than in prior years – but the line of red ink is trending much shorter than in previous years.

by Ourdaywillcome on Dec 10, 2009 12:28 PM EST reply actions

I don't care where they sit...

As long as the fan base is growing…

by andrewlail76 on Dec 10, 2009 12:50 PM EST up reply actions

It's not hard to be up when the bar is set so low.

We’re still only 26th in attendance capacity. And looking at games, it’s clear that they’re still overstating their attendance figures by plenty.

Remember when the Panthers had a good offensive line? Yeah, me too.
--Darin Gantt

by MichaelProcton on Dec 10, 2009 1:22 PM EST up reply actions

What's interesting is how the Mavs are losing much more money than we are

Us -$15.1 million
Mavs -$17.4 million

Lemonade was a popular drink and it still is.

by Ben Swanson on Dec 10, 2009 2:52 PM EST reply actions

The Mavs 2009-10 payroll is $87,214,774 (2nd in the NBA)
The Cats 2009-10 payroll is $65,644,330 (20th in the NBA)

I’m actually surprised they’re only losing $2.3 million more. Given that they’re paying $20 million more in players and roughly $15 million in luxury tax to the league.

Cat Scratch Reader's resident optimist.

by James Dator on Dec 10, 2009 3:37 PM EST up reply actions