The NBA's Most Valuable Teams
No player in the 64-year history of the NBA has come close to having the immediate and profound impact on team values that LeBron James had when he bolted Cleveland for Miami.
No player in the 64-year history of the NBA has come close to having the immediate and profound impact on team values that LeBron James had when he bolted Cleveland for Miami.
The NBA is a star-driven league. With only five players on the court, one or two can make a huge difference in a team's performance. It was the reason behind the frenzy over the LeBron James' free agency sweepstakes, with teams clearing salary cap space for two years in the hope of grabbing King James. James took his talents and Nikes to South Beach and now the Heat are poised to thrive in the coming years. read »
Magic owner Rich DeVos scored a $380 million arena just as the Orlando economy tanked. Now for a championship--and profits. read »
A peek inside Orlando's Amway Center. read »
Is your team turning a profit in its athletic department? Is it spending in line with its revenue? Could this have any effect on performance on the field? Thanks to a federal statute requiring all colleges and universities that receive Title IV funding (federal student aid) to report the financials for their athletic department, I have the answers for you. read »
A decade ago Jerry Colangelo built the Arizona Diamandbacks into a world championship team by deferring player salaries. But the team became mired in so much debt that the league eventually instituted rules to prevent another team from the same folly. In 2007 commissioner Bud Selig said the sport was healthier than ever. And two years ago MLB's CFO told CFO Magazine that baseball's finances were an A- or B+. Then last year the Texas Rangers were drowning in so much debt (including $25 million in[...] read »
Two billionaire brothers and Forbes 400 Rich List members have different investment styles that seem to fit the teams they are interested in buying. Alec Gores (net worth: $1.7 billion) is reportedly interested in buying MLB's Los Angeles Dodgers, while his brother Tom (net worth: $2.4 billion) is looking in to buying the Detroit Pistons of the NBA. read »
Last Wednesday at a New York City restaurant, I found myself sitting with LA Lakers executive Jeanie Buss and TV and radio host Gayle King, discussing men. read »
Forbes ranked the Green Bay Packers the 14th Most Valuable Team in the NFL at the start of the season. See why: read »