12-30-2021, 11:23 PM
(12-30-2021, 12:07 PM)StrandedOnBeauboisHill Wrote: All fair. I remember when Cuban was talking about how he only made an operational profit the two years we went to the finals but also kind of assumed that was par for the course and all these owners were just holding on to these assets that were appreciating like crazy. The Mavs have appreciated 2.5 billion over the 20 years he's owned them so I think he was always happily taking those small losses year over year (and he can afford the tax...).
Ya Cuban and other rich guys are not honest ab how they make money. They can break even in terms of P&L and their club as an asset appreciates every year. If they have losses they can write those off as tax write-offs. The salary cap and CBA makes it engineered for teams to make money.