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Did the Millers make money last year?

Gyp Rosetti

Gyp Rosetti

Banned
I'm curious if anyone truly knows whether the Millers, all business included, made money last year. I'm also curious if the Jazz did. I gotta think yes on the latter but I believe the NBA said they lost 300M last year.
 
Some of the NBA owners don't care if they lose money.
Like Cuban, etc. They have huge reserves to draw from.
They are in it to win championships.
But NBA owners cry about their collective situation.
 
slc said:
Some of the NBA owners don't care if they lose money.
Like Cuban, etc. They have huge reserves to draw from.
They are in it to win championships.
But NBA owners cry about their collective situation.
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This doesn't answer my question or help me.
 
I am virtually certain the Jazz lost money last season.

Player Salaries 74 mil- top 3 in the league last year. Our income was certainly not top 3.
 
Did they lose money on the Jazz last year? Yes. Plenty too. Did they lose money as a complete company? I don't know.
 
Anytime you pay the max to average AK's numbers and then miss many games due to injury en route to the lottery you're bound to lose money.
 
Tradtionally the Jazz score well on the P&L statement for a small market team with no NHL franchise sharing their arena. In part it is because the team has scant debt and owns EnergySolutions Arena. Last season the team posted a loss though as the Jazz were a luxury tax payer for the first time thanks to its high payroll. In addition to paying a $3.1 million tax, the Jazz were ineligible to receive the $3.7 million check that all non-tax paying teams received. The team remained the sixth-highest NBA team in attendance during the 2009-10 season with an average gate of 19,378. The Jazz also have seen their ratings on Fox Sports Net Utah continually increase the past two years. Through December of this year the team averaged a 6.3 rating, up 50% from last year, and the network has already topped a 9.0 rating on three occasions, matching last year's full-season total.
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https://www.forbes.com/lists/2010/32/basketball-valuations-11_Utah-Jazz_322274.html

Now this was for the 09-10 season. So I think the salaries were fairly close to the same and the attendance and other income was a bit lower with the poor season. Jazz were definitely in the Luxury Tax zone. So if the Forbes formula is right they did lose a pretty decent chunk of change last year.
 
Chad Feldheimer said:
https://www.forbes.com/lists/2010/32/basketball-valuations-11_Utah-Jazz_322274.html

Now this was for the 09-10 season. So I think the salaries were fairly close to the same and the attendance and other income was a bit lower with the poor season. Jazz were definitely in the Luxury Tax zone. So if the Forbes formula is right they did lose a pretty decent chunk of change last year.
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Yeah that seems about right. Last year's paid attendance was down to 19,049 and they had no playoff games either - although with the uniform change they did probably make some extra money in merchandise sales. Can't imagine they turned in a profit with their high payroll.
 
The Jazz are just marketing for the other business, so if they lose money on the Jazz in a year then they didn't get free marketing.
 
The Thriller said:
Anytime you pay the max to average AK's numbers and then miss many games due to injury en route to the lottery you're bound to lose money.
Click to expand...

Would you shut the duck up already? Jesus Christ, drop that point.

WE NEED REVENUE SHARING
 
I think it was Locke a few weeks ago who said that Jazz fans would **** their pants if they saw Utah's P&L statement for the 2010-11 season. He made it sound as if they didn't come close to making money.

That being said, the Miller's make money in every other avenue of business so I think they're ok. The Jazz are a labor of love for them and my guess is that during the years that the Jazz finish in the red, the Miller's are insulated enough to absorb it.
 
I've heard KOC and/or Greg say that the Jazz had an income of $100 million in the last year. I'm sure it's on a podcast or I could find something to reference but I'm not going to (right now).

If that's the case, the Millers probably made money (there can't be $20 million in fees beyond player salaries can there?).
 
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