January 22, 2014
Thoughts on what Forbes says the Charlotte Bobcats are worth
The Charlotte Bobcats are worth 30 percent more than they were a year ago, if you buy into Forbes magazine’s annual estimate of NBA team values.
Forbes estimates the Bobcats are worth $410 million in 2014. That’s a 30 percent value increase from 2013, the magazine estimates. Forbes also believes the Bobcats made about a $7 million profit in 2013.
Of course all of this is an educated guess. The Bobcats don’t have to open their books to anyone, including the city of Charlotte, which built Time Warner Cable Arena and allows the team to manage the facility at their own profit or loss.
If the Bobcats are now in the black, that probably has a lot to do with the new collective bargaining agreement, which includes a more aggressive revenue-sharing system between big-market and small-market teams. It can’t be a coincidence Forbes raised the value of No. 29 Charlotte and the No. 30 Milwaukee Bucks by 30 percent each.
If someone would pay majority owner Michael Jordan $410 million for this franchise, that would likely be a tidy profit for Jordan. He took over control of the team in February of 2010 from original owner Bob Johnson primarily by agreeing to assume Johnson’s debt service.
The Bobcats have improved their season-ticket base in recent seasons and are getting a marketing bump out of the nickname and uniform change to “Hornets” next season.
Link to Forbes' rankings: http://www.forbes.com/nba-valuations/#page:3_sort:0_direction:asc_search:
Posted by Observer Sports on January 22, 2014 at 03:10 PM | Permalink
it helps when prokhorov is handing out 180 million to split up between ~20 teams.
Posted by: charlottean | Jan 22, 2014 3:35:00 PM
Ugh...that TV rating is terrible.
It seems like teams with a strong college presence in it's television market are doing worse as far as ratings go. Consider that the Bobcats have 3 television markets that are bigger than Oklahoma City and San Antonio. With streaming media, Duke/UNC/NC State/Wake Forest/Clemson fans can pretty much watch there teams at any time instead of watching a Bobcats game.
Unfortunately, there is only one way to remedy this and that is to make our team better by leaps and bounds. And as we see, that is no easy task. :(
Posted by: cornchip | Jan 22, 2014 4:14:23 PM
Then spend some money to get a big , strong , passing ot gd who can throw lobs and back doors . Who can get inside and dish to open teammates . Get a center who protects the rim and hits cutters when he's doubled . Who hands the ball off to the wings after he screens the defender off . The ball movement was much better wo Kemba in the lineup . You have to blind not to see that .
Posted by: Iron man | Jan 22, 2014 4:17:57 PM
Kemba is our best player and he is a monster. He won the Big East and NCAA by himself and has been getting better and better everygame with the Horcats. Hope he gets back asap. People who say we should get rid of him obviously dont watch the games and realize he is the heart and soul of our team.
Posted by: J | Jan 22, 2014 4:35:03 PM
Man. Some people must print money. They can't be worse and the franchise value goes up and MJ makes a profit. That is nuts. He needs to send a thank you note to the guy in Seattle who drove up all team values.
Posted by: Steve | Jan 22, 2014 5:18:45 PM
MJ has never put a winner together, but his off the court success has never been and never will be challenged. A thriving brand after being out of the league for how long? That is amazing enough, but to take a team that Bob Johnson had run into the ground and turn it around financially is ridiculous. And before you spout off about corporate welfare, just remember who was driving the train on the new CBA for the owners. This guy does not get a fraction of the credit he deserves. First NBA player to own a majority interest in a team. When will the next one happen? Kudos. What if this team ever wins anything. Now get that part fixed.
Posted by: David | Jan 22, 2014 5:44:26 PM
Sessions had 2 assists last game. Kemba is the man. What a bunch of idiots.
Posted by: Hank | Jan 22, 2014 5:46:13 PM
Ok, I want to know more about the TV contract. I'm in a Charter Communications town and I can't get a game. It's in the Hurricanes backyard, but even when the Hurricanes aren't on and we're playing a big name opponent when can't get a game.
Posted by: Steve Underwood | Jan 22, 2014 5:57:15 PM
The TV contract is indeed terrible. I don't have time to find specifics but getting a game for a variety of cable providers is a challenge. Like I said, in the world of streaming media, six to eight different sports channels on a basic cable package, and modern television shows, people are not going to search up and down for a Bobcats game.
The Hornets from '92-'02 had far less viewer competition to go up against. Then you have to factor in the changing demographics of the area. Charlotte in 1994 isn't what it is in 2014 and that has been well documented. Alot of would-be fans are flocking to college teams, imo, to be hip and trendy (and that's in addition to the alumni). Oh yeah and the Bobcats aren't very good. All that makes for a very low rating. There isn't even the opportunity to be lovable losers becaue people are not going to search for a hour or call their providers to get the game.
Posted by: cornchip | Jan 22, 2014 6:46:10 PM
It really is true about the rich getting richer.
Posted by: Michael | Jan 23, 2014 6:35:56 AM
i thought chris paul was going to be back last night......so it looks like a great win on paper.
augustin continues to dominate. 27-7-5 last night? another win? no boozer? no hinrich? no rose? who?
derrick williams gets another chance to play big minutes, has another nice game. tell me mcroberts for williams doesn't make incredible sense if we aren't going to play zeller. i keep saying it.....if you're trying to win.....try to win. if you're trying to develop.....try to develop. BUT YOU CAN'T DO NEITHER AND EXPECT TO GET BETTER GOING FORWARD.
Posted by: charlottean | Jan 23, 2014 8:57:18 AM
^^^Saw similar stretches from Augustine here as well. Would like to see it continue, but a little reactionary to say he has turned the corner. If he does, Thibs is even better than his rep.
Posted by: Speedy | Jan 23, 2014 9:02:00 AM
reactionary? I've been saying this since he was a rookie. we put him in a position to fail, thibs put him in derrick rose's position. dude is thriving.
they're 9-2 this year with him shooting 43/42/93, 3 to 1 assist to turnover ratio, right at 1 point per possession used. the guy is balling. 22-6 and 4 over the last 5. 4-1 in that stretch, the one loss being the game he plays 19 minutes in. 19 outta 33 over that stretch.
but yeah sure.....we picked the wrong guy. it had nothing to do with what happened after the fact.....just the wrong guy, right? anybody want to guess what would have happened had durant gotten hurt and adam morrison asked to do durant's job.....say 2 years ago? right, bust.....sorry......i forgot. javale mcgee gets over 10 million a year but ajinca gets........right, sorry.......horrible pick. completely forgot. has nothing at all to do with player development. sorry, i keep forgetting.
such a forgetful guy.
Posted by: charlottean | Jan 23, 2014 11:48:25 AM
A point guard shooting over 90% from the line...
...what a novel concept.
Posted by: NASTAR99 | Jan 23, 2014 12:36:46 PM
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