Doug Thonus Shows How the Bulls Dominate the NBA Financial Cup
JR must be pissed that they're second amongst all American sports franchises in profitability to spendthrift Danny Snyder.
almost 2 years ago
snley
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we're #1!!!
Love this, though Doug kindof wimps out at the end saying he gets why they cut payroll recently, but is hopeful they’ll spend more in the future. Bulls could’ve absolutely pillaged teams if they spent right now, either by taking on more expensive one-year deals, or acquiring talent instead of cap space.
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by your friendly BullsBlogger on Mar 4, 2010 9:37 AM CST reply actions 1 recs
Rose and Kevin Martin firing away from the backcourt with Noah and Camby helping to clean up their defensive deficincies
That team could have made a run at the second round
We have every right to dream heroic dreams. Those who say that we're in a time when there are no heroes, they just don't know where to look.
Ronald Reagan
Honest question
Let’s say the Bulls did the Morey thing and traded Tyrus + expirings for Kevin Martin, Jared Jeffries, Jordan Hill, Knicks future 1st, and a possible future 1st swap. Does that put them in a better position than the Bulls are in now?
I’ve seen a couple posts here say we should’ve gone the Morey road instead because our chances of landing a blue-chipper are slim. But if I’m playing dice, and I get a 10x payout if I roll a 7, I take that bet.
I'm with you.
I’d rather go after one of the top 3 right now because the teams they go to won’t be on the ‘losing money’ end of the spectrum.
If you strike out on the big 3 now you still have the ability to go after a lesser, yet quality player on a team losing money and in need of financial relief.
But you can’t pass up the opportunity to be able to at least offer a contract to the (arguably, if your a hater) best player in the league right now.
depends if the odds are that good
I think they could’ve made the push around having Derrick Rose and assets + picks to deal in a S/T instead of cap space.
Also, I think the most obvious way for them to leverage their money right now would’ve been not even do the Morey ‘zag’, but obtain more expensive expiring contracts (and going into the luxury tax) for long-term deals, to both get better now and have more 2010 cap space.
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by your friendly BullsBlogger on Mar 4, 2010 12:42 PM CST up reply actions
I'm tired of waiting for this franchise to hit the jackpot to take the next step and really don't like their chances
at landing one of the big 3 this summer. If they acquired Camby and Martin and a FA was actually interested, they’d still have some good pieces to work with in a S&T. Martin as a young talent and Camby as an expiring talent if they could get him to sign a 1 year deal at his current value to complete a trade. Of course, if the FO was shrewd enough to do something like this, they likely also would have been shrewd enough to dump Kirk for the first offer of expirings that came along.
We have every right to dream heroic dreams. Those who say that we're in a time when there are no heroes, they just don't know where to look.
Ronald Reagan
Different Options Were Also Available
Substitute a re-signed Ben Gordon plus adding Carlos Boozer along with keeping Tyrus (instead of what the Rockets did)—all of which were available with 95% certainty—and I think that team could have been a long-term contender. Dumping pieces like Salmons could have also brought more help and depth.
At the end of the day, we’re banking on one of these three or four guys taking less money (or doing a sign-and-trade) to come to a team with a horrible history of player/front office relations in a market that is not NYC/Miami/LA. We’re in the ballpark, but the stakes are too high (Rose’s prime, 12 years of average performance) to gamble like that, in my humble opinion.
But….this is the path that was chosen, so we’re now all-in on bringing in a big gun. I really hope it works.
The Chicago Bulls: Clippers East, since 1999
Like signing BG and keeping Tyrus?
Maybe 3rd in the East.
Beasley spent the first two quarters like he was wandering through a forest.-Neil Funk
How do you spell wuss?
T-H-O-N-U-S
I was trying to be somewhat fair in that I don’t think spending the tax woudl have helped the team much, the one exception is if the tax kept them from getting Gasol rather than the players wanted back. Still, the season ticket holder letter I get saying the Bulls need to “pay for their core players” after the 04/05 season raised prices was pretty insulting.
by dougthonus on Mar 4, 2010 12:41 PM CST up reply actions 1 recs
I agree that it may not have helped now much, and it was a big risk
but they obviously have made enough to take that risk if they wanted a bolder plan to win now with Rose on his rookie deal.
I certainly understand why they didn’t go that way, but I have to think the financial risk was the driving factor and not that they thought it was the best way to team-build.
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by your friendly BullsBlogger on Mar 4, 2010 12:43 PM CST up reply actions
I don’t know what opportunities they’ve passed since getting Rose. Gasol was pre-Rose, and at the time we were playing well the price was Gordon/Deng to which (rightfully IMO) we declined. The following year we may have been able to get him by paying the tax, but the team was god awful, so I understand the reluctance of adding money to it even though I think it would have been a good idea long term.
Pretty blunt column, I like that
Timing is interesting….. kinda a long while after the trade deadline, and still quite a ways off from the end of the season. Seems like this article would have more impact if written at either of those occasions.
All your base are belong to Vinny.
The article was spawned because I was listening to Waddle & Hood on the radio the other day and they dismissed some caller who said Reinsdorf was cheap as someone who was stuck in the 90s and that evidence wasn’t backed up by recent data.
It’s not so much that I think the Bulls are conclusively cheap, but I think the data sure points that way. The real test will be if they wuss out once they bid on someone this summer. They’re going tohave little flexibility under the tax, and they’ll have a good core. They’ll prove whether they are cheap or not fairly conclusively most likely.
it'll be really interesting especially if they don't get LeBron/Bosh/Wade
and then, say, they spend max or close to it on Joe Johnson or Amare.
Is that a bad deal? yeah, probably. But if the Bulls then said (not literally) “we had to overpay a bit to get a free agent, but this deal won’t cripple us because we will go into the luxury tax to fill out the rest of the roster”, than I’m completely for overpaying a mid-tier FA if it improves our talent base.
The big elephant in the room of course is the next CBA. I don’t think Reinsdorf will want to have some big expenditures going into the meetings where he has to cry poor to the Union. And then if the new CBA really increases the tax penalties and has other payroll-reducing measures, then the Bulls would be screwed with an overpaid mid-tier FA
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by your friendly BullsBlogger on Mar 4, 2010 12:47 PM CST up reply actions 1 recs
Terrible thought I just had: what if the 2010 thing was all a sham, just like "resigning Ben Gordon is our top priority"
and it was really just meant to cut salaries to the bare bones minimum in 2010 until the new CBA is worked out. Another wasted year of Rose’s excellence. Yikes. The crazy thing is that I can imagine perfectly the scenario and how JR would come out after it, “well, we tried to get one of the top 3 FAs, but none of them would leave their current situations and we just couldn’t justify overpaying someone a max deal, because then the other teams might laugh at me like I usually laugh at them. So, we will try again next time.”
Kirk Hinrich sucks. The end.
by fundamentallysound on Mar 4, 2010 5:28 PM CST up reply actions
it's not crazy
Isn’t Reinsdorf a major player in the CBA negotiations? If he wants to be on the forefront of trying to limit future salaries, he knows he can’t be throwing around money and look like a hypocrite. As you said, he needs those other owners to laugh at them, and rightfully so given the (profit) results.
The man is more evil than stupid :)
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by your friendly BullsBlogger on Mar 4, 2010 6:29 PM CST up reply actions
Yes
Reinsdorf is a definitely a major player. I can’t wait to see how this all plays out.
Joakim on whether he ever tried tennis: "I played a little bit. If anybody on the Bulls wanted to play me, I would kick their ass."
We'll sign someone
Hell we’ve had Ben Wallace, Ron Mercer, Eddie Robinson, Jalen Rose all play here. We will spend money, we just have’t spent it well. It’s safe to assume if we strike out on the big 3 we’re still going to make a big move. On the other hand, it is not at all safe to assume it will work.
by Grinder in Training on Mar 5, 2010 9:45 AM CST up reply actions
Waddle and Silvy?
Ye Ole Chairman has a stake in their paychecks.
Marrioti is the bad guy though.
12/31/08: Fire Vinny Del Negro.(upd: 1/7/10)
Good post.
ShipTileDirect.com - Why pay expensive retail prices? When you can ShipTileDirect at a fraction of the cost.
Wow
That’s right, the Chicago Bulls are the second most profitable franchise in US sports.
I knew they were the richest in the NBA but this is surprising. I figured some NFL and MLB teams would be higher overall. That ’Dorf is a shrewd businessman if nothing else.
Joakim on whether he ever tried tennis: "I played a little bit. If anybody on the Bulls wanted to play me, I would kick their ass."
you're paying
for reinsdorf’s mistress’ cartier watch.
"The people we lost, I'm sad we lost them because they helped us. But the organization saw something in these players. They're going to help us. They don't have any attitude problems. They just want to ball." - Derrick Rose
how does one
get henry abbott to link that article on truehoop? I really wish that this would garner more attention nationally and JR and company might start getting more heat, or should i say praise? for running the most profitable franchise in sports while refusing to go over the luxury tax and taking advantage of other teams poor financial situation.
I know sports is a private business, but you don’t see other entertainment businesses do the same type thing. Movie studios dont tell james cameron to cut back on the effects for avatar or speedup the filming so they can save 3 million dollars for the studio to pocket.
Heh
Good luck with that. There’s that True Hoop network now.
For what it’s worth, the Wasserman Media Group partners aren’t stupid. They know the Chairman is sitting on a cash cow in a league that is an organized cartel. Jerry could be opening new channels of communication by facilitating player movement for other teams by going into the tax even on the margins.
The Chairman could be on the phone right now with Zell asking why his assets are being used to air out Jerry’s dirty laundry.
12/31/08: Fire Vinny Del Negro.(upd: 1/7/10)
Why the Bulls are not the most valuable franchise in the NBA is quite a mystery
I know it’s a dot com, but Google was throwing 750 million in stock at yelp.com and it makes no money at all. In fact it’s losing millions. The Bulls meanwhile consistently book annual pre-tax profits of 30 million and they’re only worth 400 something million.
12/31/08: Fire Vinny Del Negro.(upd: 1/7/10)
Wonder how much of that might be tied into the fact that if the franchise is ever sold,
the new owner is likely to be less concerned with profits and unlikely to continue operations under the current model. JR runs the Bulls far differently than most other sports franchise owners. The White Sox are his toy, whereas, hopefully, the next owner of the Bulls would want the franchise to be his/her toy.
We have every right to dream heroic dreams. Those who say that we're in a time when there are no heroes, they just don't know where to look.
Ronald Reagan
I wonder if Comcast Sportsnet
turns a profit. You gotta cover every base with the Chairman because he has outs for everything.
12/31/08: Fire Vinny Del Negro.(upd: 1/7/10)
JR is going to be huge in the NBA contract negotiations
he has 2 competing priorities. One, he loves to make money, and he would love to get the best possible deal for the owners. On the other hand, he is one of the few NBA owners who would lose money during a lockout. So he has some incentive to get a deal done. I’m guessing he brokers a deal. JR is all powerful
by Basketball Smurf on Mar 5, 2010 12:28 PM CST reply actions














