From Deseret News archives:
Utah Jazz: Playoff payoff? Each home game has big impact on Jazz bottom line
- Page:
- < Previous
- 1
- 2
- 3
- Next >
That's one of the main reasons the Jazz upped their value according to Forbes by 15 percent about $45 million, as was reported in the Deseret News in December from the previous season. Only Cleveland (20 percent), Toronto (18 percent) and Golden State (16 percent) had better valuation increases.
The magazine claimed that the Jazz's first NBA playoff stint since 2003 helped them earn $114 million in revenue for the 2006-07 season and $5.7 million in operating income (earnings before interest, taxes, depreciation and amortization).
According to Forbes,"the playoff run helped the Jazz add close to 6,000 new season ticket holders this year, one of the biggest sales gains in NBA history ... Miller can use the added revenue to help pay the $250 million worth of long-term contracts he doled out in 2004."
Rigby agreed that the playoffs are valuable and not just for financial reasons.
"Sports is all about hope, about breeding hope to a community. The excitement and hope (during the playoffs) has a big impact on ticket holders, sponsors and the future years for them wanting to be involved with you," Rigby said. "The community has been great about rallying around (the Jazz)."
For years, it's been rumored that NBA teams pocket about $1 million for each home playoff game. But that figure, Rigby said, is high. For one thing, the NBA takes a 45-percent cut of each home gate during the playoffs (up from just 6 percent per home game during the regular season) to cover its annual expenses.
If a playoff series goes an odd number of games, the visiting team also gets 25 percent of ticket sales from the final game on top of that.
"We share a big part of our gate," Rigby said. "That impacts us."
Franchises also don't get as big of a chunk from TV revenues because of national production and broadcasts. Players and some personnel also receive per-round bonuses for playoff success.
Even with the financial losses not to mention attractive purchasing offers, which Miller has received don't count on the Jazz beelining for Oklahoma City or anywhere else. For one thing, Miller loves having an NBA franchise in Salt Lake City for himself and his neighbors in the Intermountain West. That means the Jazz aren't going anywhere.
- Page:
- < Previous
- 1
- 2
- 3
- Next >
Recent comments
The Jazz foul the most but even Hollinger acknowledges that they get...
Moto x | April 19, 2008 at 9:55 a.m.
At the bottom line in accounting terms, it may show a loss. However,...
Dick of the NW | April 18, 2008 at 8:45 p.m.
Utah is very fortunate to have the Jazz. Larry H could have sold the...
Daren C | April 18, 2008 at 1:57 p.m.
- Pittsburgh letters are art project 3:07 p.m.
- Still believes in mammograms at 40 3:03 p.m.
- GE, Vivendi deal paves way for sale 3:02 p.m.
- Sundance unveils 2010 lineup 2:59 p.m.
- Mom objects to teen spending frenzy 2:56 p.m.
- Holiday gift lists shrink 2:48 p.m.
- Cat adoptions increase in '09 2:47 p.m.
- New health science facility in Ogden 2:47 p.m.
- My big, fat Pakistani Thanksgiving 2:44 p.m.
- Blog: Bowled over by bowling 2:43 p.m.
- Why is Y. ignoring spew of hatred?
- Unbeaten BYU takes trip to Logan
- Utahns growing tired of Bennett
- BCS just keeps dirty laundry on spin
- Witness: Mitchell wanted attention
- 2 citations issued at Y.-U. game
- Orem pair getting a rep for crime
- Teen girl killed in Kaysville crash
- Simple candies for the holidays
- Woods says he let family down
- Hall mouths off about hate of Utah
909 - Cougars beat Utes in overtime
483 - Hall reprimanded by MWC
404 - Max Hall issues apology
388 - Hall's pain reflects self-betrayal
357 - Utes won't respond to Hall
276 - BYU says Hall incident resolved
241 - 2 citations issued at Y.-U. game
168 - Why is Y. ignoring spew of hatred?
161 - Religion in politics is tiresome
150
Those were quite the pictures of Jamie Whittingham mixing it up with BYU...
How much credibility does the Vegas Bowl have to loose? They've taken the...
CONGRATS Sadi and Kara. I can't wait to play club with you guys. We're gonna...
This is why the gay movement usually depends on the courts to achieve their...
Max?? When will people finally start talking about the truth in Max'...
The Utes are never going to catch me. Can I stop running please?
we ready
I saw the incident and the ute fan was in the right. The photographer was...
Hall didn't want to bring it up last year. It would only seem like he was...
@Blauch: Thanks for the update. With AK out that leaves 44 minutes a game...
Why is Max and BYU held to a higher standard than the U of U and its...



