Originally Posted by moremilk
Let's put it like this. Under the old system, the owners were losing 300m a year.With a 53% split the owners break even. With a 50-50 split, they make 300m a year. That amounts to a 2% rate of profit. less than some GICs .... And players call that greedy ...
Correct me if I'm wrong, but that math seems odd.
NBA revenues are at around 4 bil a year AFAIK
. So those 3% would be ~120 mil, or ~4 mil per team.
Idk how you came up with a 2% profit rate or those huge valuations (for your math to be correct, NBA teams' combined value should be ~15 bil, no way).
Btw, as per owners' math, they are breaking even at 53% if owners
get those 53%. At 50-50 owners are still losing money - but that epends on who you ask, of course.