The Lakers signed Luol Deng (four years, $72 million) and Timofey Mozgov (four years, $64 million) last summer to contracts that have become significant impediments to Los Angeles’ ability to upgrade its roster. The Lakers had to include D’Angelo Russell to dump Mozgov, and now they’re trying to unload Deng – which will also surely require massive sweeteners. What were they thinking?
His final professional season was the 2011-12 season, directly after his involvement in the labor talks. When asked by our Alex Kennedy if his role in the negotiations limited his career, here is what Evans told HoopsHype: “It definitely impacted my ability to earn and [continue to] play in the NBA. But to be honest, I knew the writing was on the wall from how active of a role I played. Being an entrepreneur and businessman myself, I know certain things like that have repercussions. I don’t have any regrets. I did exactly what was right and true for the situation, which was to represent the best interest of the guys in this league moving forward.”
Despite a flood of new national television cash, 14 of the NBA’s 30 teams lost money last season before collecting revenue-sharing payouts, and nine finished in the red even after accounting for those payments, according to confidential NBA financial records obtained by ESPN.com. The gap between the league’s most profitable teams and its weaker siblings will be addressed at the league’s Board of Governors meeting on Sept. 27-28 in New York. Owners have planned a half-day review of the league’s revenue-sharing system, sources said.
According to this argument, the Lakers are a cash machine but need to play teams like the Grizzlies to keep the money rolling in, while revenue sharing helps the Grizzlies stay afloat. Still, some teams have bristled about the current scale of monetary redistribution. “The need for revenue sharing was supposed to be for special circumstances,” one large-market owner told ESPN.com, “not permanent subsidies.”
At least one owner raised the idea of expansion in a recent Board of Governors session, citing the massive expansion fee the 30 current teams would split, sources say. The concept of an expansion fee of potentially more than $1 billion can be tempting because it is not subject to splitting 50/50 with the players. Adam Silver, the league’s commissioner, has repeatedly said the league has no short-term plans to expand, though he labeled expansion at some point “inevitable” during a recent interview in The Players Tribune.
Despite a league-low payroll, the Nets lost $44.3 million last year, according to confidential league documents obtained by ESPN’s Zach Lowe. That’s the league’s second biggest loss, behind only the Pistons who lost $45.1 million. The Pistons’ losses were actually much greater. The Nets did not receive revenue-sharing money from the league and their profits from Barclays Center are not included in the analysis. The Pistons, on the other hand, lost $63.2 million before collecting revenue sharing last season, “the largest loss by a wide margin,” Lowe notes. Detroit doesn’t own its own arena, unlike the Nets.