How can you say that when you dont know the numbers too? I said- i dont know because i truly didnt know- and i dont know how you could KNOW that without the numbers.
So- what did i do?
I looked up SOME of the numbers. And again- i couldnt tell either way- just not enough info- the estate tax thing on Jerry is really fascinating though. I think its intresting how this Time Warner deal essentially SAVED the Buss' from having to sell from Estate TAx concerns- when your primary business is the Lakers- and you buy it in the 70s or whatever for peanuts- and it appreciates to be worth like a billion- when you die your gonna owe a TON on that.....i was reading where Jerry was concerned he would have to sell until this deal was secured- which leads me to believe that a fair amount is going towards those estate tax payments. average of 150M a year is a lot---after revenue sharing it falls to 100 million..after the estate tax payments- i couldnt even speculate what those would be...i have no clue how long that would be- im not sure how long you are allowed to pay that back- i know you can set up yearly payments......we shall just have to wait and see i guess.
Terms of the deal were not disclosed. Under its deal with Fox Sports West, the Lakers were getting about $30 million a year in rights fees, people familiar with the situation said. Some industry observers pegged the new 20-year pact at a value of $3 billion, although Time Warner Cable dismissed that figure.
A Time Warner spokesman told SBNation.com that the $3 billion figure was incorrect, but neither the cable provider nor the Lakers have revealed the deal's pricetag.
SportsByBrooks reports, and Yahoo!'s Adrian Wojnarowski confirms, that Jerry Buss, who bought the Lakers decades ago and has watched the franchise's value soar, had feared that estate taxes upon his death would put family ownership of the Lakers in danger. This deal should erase that worry.
The TV Contract is 3 billion over 20 years. That averages out to 150 million a year- but as everyone knows that passed high school economics (hopefully MOST of us here) 150 million today is not worth 150 million 20 years from now. There is, i am sure, some kind of amortization schedule- where its something like 100 million in year one, and 300 million in year 20 and everything in between. The deal started in the '12-'13 season- so we are about 4 years in...so lets just ball park it at about 120 million.
REVENUE SHARING:
he 2012-13 season was the first full, 82-game season for the league in which the system was implemented, after the lockout-shortened 2011-12 season. For 2012-13, teams ultimately contributed a total of $131 million to the revenue-sharing pool that along with other shared revenue pushed total revenue-shared dollars to more than $200 million.
Big-market teams contributed the most: The Los Angeles Lakers paid $45 million into the plan, followed by the New York Knicks at $23 million and the Chicago Bulls at $17 million. On the receiving end, the Charlotte Hornets took in $21 million followed by the Milwaukee Bucks at $17 million. The figures came from a source familiar with the plan and have been reported previously.
Just looking at it- you take more than a third right off the top in revenue sharing.
I said i don't remember the exact number, not that I never knew them. I remember from the articles that came out at the time and what has been printed since that everything I said is true.
Again, you not agreeing doesn't change anything. Interesting though that you say you looked up some of the numbers and can't tell. But still want to disagree.