Utah Jazz - In the Red Figures-Not the Red Hoop
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Send to a friend by YMAuthor: Mark Barnes
Whether fans care to see it or not, sports in every term are a business venture. With wins comes revenue, with losses come nothing. Many sports franchises are in the same boat, yet one team stands as a very limping endeavor. This team is the Utah Jazz, of the NBA.
Whether fans care to see it or not, sports in every term are a business venture. With wins comes revenue, with losses come nothing. Many sports franchises are in the same boat, yet one team stands as a very limping endeavor. This team is the Utah Jazz, of the NBA.
Albeit the fact that the team has managed a 50-50 campaign, split of wins and losses this season, there is still this nagging thought of the $10 million dollars that they are in the hole for. Add this figure to last year’s losses, and you have a combined $25 million in the red.
It is needless to say that the Jazz owner Larry Miller is less than enthused. With so much riding on the buck that first bought him an NBA team, 21 years ago it is clear things need to be turned around fast.
Miller is however, not one to pass blame for the teams financial woes. It was he himself the endorsed the signing of a quarter-billion dollars in contracts that are of the long-term nature. This can easily be considered the self-inflicted variety, of decisions.
With hopes that this will eventually turn the teams mediocre seasons, to positive playoff contention this has doubled the teams overall payroll. The biggest motivator for the owner of the Jazz, to subject himself to so much financial turmoil is very simple.
Being competitive on the court is of utmost importance to this organization. They believe they are on the right track, now it is all a matter of getting the ball through the red of the hoop, not the red of the books.
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