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Get to know an NBA owner!

One Brow said:
I've worked in a couple of businesses (restaurants) where 50-55% of expenses going to labor was typical.
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My source is as follows: "The three industries with the highest median percentage of salaries as a percentage of operating expense were health care services (52%), for-profit services (50%) and educational services (50%)." https://www.shrm.org/Research/Artic...thSalariesasPercentageofOperatingExpense.aspx

Not affirming that it is correct, just confirming that there was a source.


One Brow said:
As has been mentiond, the NHL is currently at 57%.
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Looks like I do stand corrected on this. https://www.nhl.com/ice/page.htm?id=26366

However, some major key differences are that the NHL has a hard cap on maximum salary ($7.8 million, which is only modestly higher than the average salary in the NBA). Minimum salary is about $500,000.

Furthermore, and no less significantly, all existing player contracts were reduced by 24% in the 2005 NHL CBA.

Imagine the NBA superstars being presented with such a salary ceiling or instant pay cut.

Lastly, the NHL has invoked a hard cap.
https://en.wikipedia.org/wiki/NHL_salary_cap

So while it appears that I was incorrect regarding the player share, there are some other conditions in the NHL CBA that continue to bolster the notion that the NBA players are whining punks who are hurting themselves--and the sport--by letting this drag out, and are also risking further losses in negotiation beyond just a few percentage points. The owners are hurting the sport, too, but it is partly because they want to get the cost structure under control.

The real clincher is that the average and maximum salaries are soooo much higher in the NBA. The players are greedy and foolish not to accept that the overinflated honeymoon period is over and that 50-50 is still lavish.

Both the NHL and the NBA have 82-game seasons. I'd reckon that the risk of injury--at least dentally :mad:, is higher in hockey.
 
InGameStrategy said:
My source is as follows: "The three industries with the highest median percentage of salaries as a percentage of operating expense were health care services (52%), for-profit services (50%) and educational services (50%)." https://www.shrm.org/Research/Artic...thSalariesasPercentageofOperatingExpense.aspx

Not affirming that it is correct, just confirming that there was a source.


Looks like I do stand corrected on this. https://www.nhl.com/ice/page.htm?id=26366

However, some major key differences are that the NHL has a hard cap on maximum salary ($7.8 million, which is only modestly higher than the average salary in the NBA). Minimum salary is about $500,000.

Furthermore, and no less significantly, all existing player contracts were reduced by 24% in the 2005 NHL CBA.

Imagine the NBA superstars being presented with such a salary ceiling or instant pay cut.

Lastly, the NHL has invoked a hard cap.
https://en.wikipedia.org/wiki/NHL_salary_cap

So while it appears that I was incorrect regarding the player share, there are some other conditions in the NHL CBA that continue to bolster the notion that the NBA players are whining punks who are hurting themselves--and the sport--by letting this drag out, and are also risking further losses in negotiation beyond just a few percentage points. The owners are hurting the sport, too, but it is partly because they want to get the cost structure under control.

The real clincher is that the average and maximum salaries are soooo much higher in the NBA. The players are greedy and foolish not to accept that the overinflated honeymoon period is over and that 50-50 is still lavish.

Both the NHL and the NBA have 82-game seasons. I'd reckon that the risk of injury--at least dentally :mad:, is higher in hockey.
Click to expand...

Probably because the NBA brings more money in, also a single NHL team has around 25-30 people on it's roster I think. NBA has 12-15.
 
One Brow said:
I've worked in a couple of businesses (restaurants) where 50-55% of expenses going to labor was typical.



As has been mentioned, the NHL is currently at 57%.
Click to expand...


.....how can that be Brow? I thought waiters and waitresses get paid by tips not from house money!
 
carolinajazz said:
.....how can that be Brow? I thought waiters and waitresses get paid by tips not from house money!
Click to expand...

Not all restaurants have waiters and watiresses. Among other things, I've been a manager at Burger King and the Great American Chocalate Chip Cookie Company. At the latter, the largest expense was labor, about 50-55% (depending on sales volume). Burger King was closer to 35% (meat gets a smaller margin than butter and clocalate chips, so it's a grater percentage of the cost).
 
Thank you for staying with us during that brief interruption.

Now we'd like to introduce Steve Ballmer, the soon-to-be owner of the Los Angeles Clippers. Mister Ballmer is the former "worst CEO of a large publicly traded American company", Microsoft, a position which he held from 2000 to 2012.

https://www.forbes.com/sites/adamha...een-fired-cisco-ge-walmart-sears-microsoft/3/

Mister Ballmer has agreed to purchase the Clippers from Donald Sterling* for $2 billion, quadrupling the highest ever previously paid for an NBA franchise: $550 million for the Milwaukee Bucks just a few months ago. Ballmer has extensive experience overpaying for business and services during his time at Microsoft, including:

  • aQuantive: Paid $6 billion for the advertising company to compete with Google. Eventually wrote it off as a loss.
  • Yahoo!: Offered $44 billion and was rejected. Yahoo! currently has a market cap of $35 billion.
  • Skype: Paid $8.5 billion, more than double the next highest bidder.
  • Nokia: Paid $7.2 billion for the fading handset manufacturer.

The value of Microsoft stock declined substantially during Mister Ballmer's time as CEO, from the high $50s to mid-$30s when he announced his retirement. In an interesting twist of fate that very announcement caused the stock to surge in value and resulted in a $3 billion personal windfall for Ballmer. He currently owns 333 million shares of Microsoft stock valued at more than $10 billion.

*- We did not profile Mister Sterling in this thread before he was forced to sell the Clippers. We regret this oversight.
 
Suicide?
Probably ingested drugs or got drunk and decided to plow into the wall. He was facing up to 20 years in prison.
 
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