pan6467

The owners are billionaires because they don't waste money. Let's say you own the Jays. Now, you can open your own personal wallet and throw millions to buy a team. First, you find you have to offer more to players than NY or Boston because of endorsements and other monies that they would make in those cities. Secondly, you have to convert to US Dollars so that's more.

Let's say you do that. You don't care how much it costs. So you spend $150 Million. Your team only brings in $100 million even though you sold out every game and won the World Series. So, you personally lose $50 million. Do that for a few years and watch what happens. Now, you could be like Guizenga (spelling) who owned the Marlins and bought the WS in '97. Win and get the F out before the team falls apart or you can continue to try to win but every year lose $50 million and if those players don't perform and have a bad year or the fans can't afford tickets and the stadium doesn't fill... you lose even more.

So how many years are you willing to lose $50 million of your own money? And if you win and sell everyone off... well look at Miami, again Guizenga did that and Florida has never recovered those lost fans and can't field a competitive team.
Your example here is that it's now who runs the teams. How good are the GM's, the scouts, etc. Some owners will take advantage of the cap and still field horrendous teams so they can make more profit (not wise because it won't last long), or they just have bad people running the team. It's not quite like baseball where they can go out and spend and get anyone they want.

First, the NBA has a sal cap so Cuban knows the most he can possibly lose in any given year. Secondly, if Cuban owned the Rangers or Astros, I can almost guarantee if he personally lost even $10 million his first year in ownership and saw that even if he went out and bought better players he'd lose that and possibly more he'd sell in a heartbeat. Owners do not own to lose money.... even billionaires.

Yes, in every sport there are owners that use the system, to make as much as they can and don't care what kind of team they field. Those owners usually end up with franchises worth much less than they bought them for and those are just fools who are not good business people.

In the 90's times were different. Players weren't as expensive as they are now and teams like the Indians were tapping new income sources (stadiums, ads, cable contracts, etc) Those new sources aren't there. 10-20 years ago very very few players made or commanded $10 million. Now that's a price that is becoming a norm. Yet, teams revenues aren't going up. Salaries go up, income reaches it's plateau..... thus, you can't keep up.

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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"