Truehoop had a
great write up on the financials of the Mavs inlight of the Ross Perot Jr law suit.
Let's say your rich neighbor likes fixing up cars, and spends $10,000 on his old Mustang. Indulgent, right? But how about spending $500,000 on that Mustang? At some price, hobby spending crosses into Imelda Marcos territory.
...
Who cries for the owners? Nobody. But as fans, we want a league where teams can be run competitively as businesses, not just as hobbies.
All of which leads, of course, to the ongoing talks between the league and union about the next collective bargaining agreement. What is the main lesson of Perot's lawsuit against Cuban? "It validates," says Postolos, "David Stern's argument about needing a new CBA."
Read the whole thing.