From Deseret News archives:
Haslam says Jazz in no financial danger
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That was all in 2004 alone.
"We sat down, and we said, 'Do we want to make this kind of investment in the franchise?' " Haslam said. "And Larry (Miller) said, 'Yes, I'm willing to make this kind of investment and if we can put together a core of players, and build on that core, I think it's worth the risk for us to be competitive, because we want a championship.'
"Larry's interest is bringing a championship to Utah, and in order for us to do that we need to build a solid core of players, and that will take some money.
"That's the vision. That's the business plan."
It's a plan that also factors in multiple revenue streams beyond those calculated by a bean counter with tunnel-vision.
While it's true that attendance at the Delta Center has taken a hit as the Jazz have failed to make the playoffs each of the past three seasons, and per-game profit margin has dipped as a result, ticket sales typically comprise less than one-third of an NBA team's revenue.
With all that as context, it is much more accurate to suggest the Jazz's actual losses for the recently completed season are in the $1 million to $2 million range. And if one were to offset losses against profits for a three-year period, those figures would be close to a wash.
But even that does not tell the entire story.
There are other income sources Miller would not have if it were not for the mere existence of the Jazz.
Concession sales at the Delta Center, for instance, fall into a separate bookkeeping category.
"We account separately for Delta Center operations," Haslam said. "Delta Center would include building facilities and food services."
The Jazz have plenty of means, in other words, to recoup whatever setbacks may be presented by the higher payroll and other basketball-related expenditures such as scouting, travel and salaries for front-office personnel, coaches and staff.
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