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Interesting article as the Cats bounce back despite being so terrible on the court last season.
Spin this however you want, progress is being made...just not at the speed MJ is probably accustomed to.
Charlotte Bobcats Forbes Magazine Team Valuation
And it's worth noting...per Forbes, MJ only owes $151.2M (I had always been under the impression his debt was considerably higher). This figure comes from seeing our debt/value ratio is 48% on this page NBA Team Values
Great news!
No spin but, my opinion is this is a direct result of the new CBA.. Of course the small market teams are worth more now because the big market teams are obligated to hand over multiple millions to them every year.
The only bad part is that we are ranked 29 out of 30, so despite being worth more, our ranking fell as other small market teams saw greater appreciation.
Also great that we only lost 13 Million last season... it was rumored to be between 20-30 million the previous season.
This means we're in the black figures, right?
No, still bleeding Red. (13.3 Million)Quote:
Originally Posted by isguros
Only 2 teams lost more money last year, the Nets & the Hawks which is expalined by the poor fan support ( relocation effect) and huge player salaries (Joe Cool).