beenz
Rap Guerilla
You do know about generally accepted accounting principles right? You can make a profit look like a loss by using depreciation. It's an illusion and trick all companies use and the american tax laws uphold. Teams can deduct roster expenses two ways. shyt like loss of player contracts and player salaries.they can say shyt like Lebron is a year older, therefore he's worth less than what we originally signed him for. So let's come up with some imaginary number we believe he's costing us. The tax laws are deep. you can damn near make them say anything. Remember profit is Revenue -Expenses. And expenses can be massaged.
Thank you. This was the exact point I was Tryig to get at in my previous post. If u think that many teams are losing money in the nba, ur an idiot. And if this were true, there'd be a lot more owners putting their team up for sale than just The former hornets owner.