It's a sentiment that most NBA owners seem to getting further and further away from, more than likely because their outside businesses aren't doing as well in the modern economy as they used to be. With their initial money-making pursuits lagging a bit, the owners look to something they can control — skimming more money from an NBA featuring all sorts of superstars and increasing revenue. So they lock the players — and, by extension, the thousands surrounding the players that take in needed revenue in the hundreds of other jobs that rely on NBA games to secure paychecks — out, and try to secure something that is never a given in a free market. Profits.
And they get away from what they knew or should have known heading into their purchase of an NBA team. That rolling in the riches from the team, itself, was never going to happen. It was something to break even with or, in a tax maneuver, lose a little on. Along the way, it was a lot of fun, it aided in pumping up those competitive juices that may have been lacking as they strayed further and further from the battle lines in their own particular businesses, and it left them in good civic standing. Miami Heat owner Micky Arison, in an interview with Darren Rovell at CNBC, made a good point on Monday that reminded us all of this reality:
"This is a hobby of passion," Arison told Rovell, "it's not a business."Read More »from Miami Heat owner Micky Arison: Owning a team ‘is a hobby of passion, it’s not a business.’