Whoa!
Basketball money is nuts
The WNBA?The NBA just negotiated a 76 billion dollar media rights deal and the players get 50%of the revenue. So you give a guy averaging 14/4 a 140 million dollar extension. That’s not a dig on Keegan…you gotta give it to somebody.
The WNBA?
Ducks and runs ...
The WNBA?
Ducks and runs ...
The WNBA players seem to be holding out for a HUGE HUGE pay raise.
I know the WNBA players turned a recent proposal to raise the minimum from 76k to 250k, and raise the max from 250k to $1M, or something like that. Essentially quadrupling everybody's salary. And this with 3 new expansion teams added in the last 2 years. Yet the players want more.
Those numbers aren't based on anything tangible. It's a wild ass guess as to how much the teams would bring if they went up for sale. Total funny money.Each WNBA team are being valued anywhere from 100 to 200 million dollars, and the players receive 9% of the revenue.
Those numbers aren't based on anything tangible. It's a wild ass guess as to how much the teams would bring if they went up for sale. Total funny money.
It's not a matter of how much as a percentage of perceived value they should be paid. In any business, the amount paid has to be dictated by the amount of revenue and profits that are generated. WNBA loses WAAAAAY more money than it spends on salaries and operations. It's so far in the red it ain't even funny, the players salaries and operational cost (loses) are all covered by the NBA which owns 42%. The NBA just eats the loss to provide the league for fans and looks at it as just another expense.
That's what none of these players seems to understand and none of them have apparently ever taken a finance, economics, or accounting class. "Pay us what you owe us?" Literally no one owes you anything. You don't make your employee any money. In fact, your job loses money and is strictly in business just because if the NBA said it wasn't going to continue to subsidize your business at a loss, the political backlash from certain groups would end up costing them more in boycotts, etc. than it's worth.
WNBA players should feel lucky to be paid anything at all, because if not for the NBA covering their cash bleeding business model they wouldn't have careers as a pro basketball players.
I don't know where any of you are employed, but let me ask you this. If you work for a for-profit business, would you continue to have jobs if your employer didn't generate a single dollar of profit from it?
Yes, the NBA has billions of dollars, but no...you're not entitled to it. None of the billions in profit they have are generated by you. The $50 million in losses each year that your league causes however...those are in fact generated by your league. In no other business is a product with demand being orders of magnitude less that ROI going to stay alive.
I get where you're coming from but even a team sold for $100,000,000 isn't going to make a dime from being a WBNA team. The WNBA lost $50m this year...$200m a year for 11 years is $18m per year.Tangible? Maybe or maybe not. I do know if the teams were sold owners would get waaay more than what they paid for them. I could easily think of at least 4 teams that would get a 9 digit number if sold today.
TV ratings, attendance are all up. Recent media rights deal will give the league 200 million dollars a year for the next 11 years. How much can operation cost be in a 14 team league? If the league wants to be self sufficient now is the time to do it.
As for the “pay us what you owe us” t-shirts, yeah, that was a bad idea. The league can’t get out of its own way when it comes to bad PR.
Yeah kind of depends on the year, plenty of first round overall picks have flammed out before there next contract. And this is honestly decent value if he at least maintains numbers, and a good deal for kings if he improves more. This is still well under 50 percent max salary, so seems a bit fair for what he has brought to the kings.Take it and run son. He's been consistent in his three years but hasn't taken that next step. And certainly not for a player picked fourth overall. The trades that made DeRozan and Levine Sacremento Kings hurt Keegan a bit because both of those players kind of demand the ball a lot.
Sorry to see that he won't be able to start the season on time but at least it was his non shooting hand (his twin brother is left handed)