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Utah Jazz: Playoff payoff? Each home game has big impact on Jazz bottom line
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VegasJazzFan | 4:07 a.m. April 18, 2008
Thanks Larry Miller, for continuing to give Jazz fans everywhere a quality team
to root for! Let's hope the Jazz go deep into the playoffs, and as each
home playoff game helps team finances, all the better! Through many years of
hard work, he/they have built a strong organization. If it's synergistic
with his other ventures, I say good for him and the many people he employs over
the years. Look at the value which the Jazz (and I suppose some of his other
businesses) have brought to Utah's economy. No, I have no vested interest
in any of those ventures... just an appreciative fan of many years that loves
the Jazz, and respects skilled and hardworking businesspeople.
Agree with Vegas... | 7:22 a.m. April 18, 2008
I couldn't agree more with VegasJazzfan. I hear people complaining about
LHM and just don't get it. It must be because he's on top and people
like to pull people down. They say that while eating at his restaraunts and
movie theaters and claiming to be a Jazz fan.
Thank you Larry!
Thank you Larry!
Give Me A Break! | 7:40 a.m. April 18, 2008
Cry me a river about LHM's Jazz losing money. I don't buy that idea
for one minute. There are several pockets being lined with cash, lots of it,
and more than just the overpaid players. They wouldn't be in business if
they weren't making money.
And ticket prices continue to go up. When Rigby says "It becomes a diversion for people and their personal challenges" he's certainly not talking about the average person. Only the elite with big $$ are able to take their kids to a Jazz game and afford it...unless you sit in the rafters where you can't see anything. Wow, great diversion for personal challenges!
Give me a break. Don't plan on sympathy any time soon when LHM starts bawling (literally) about his poor Jazz not making money.
I have a money saving idea for LHM...dock Boozer's pay every time he does his "matador" defense, aka steps to the side and lets the opposition drive down the lane uncontested. That'll increase your profits!
And ticket prices continue to go up. When Rigby says "It becomes a diversion for people and their personal challenges" he's certainly not talking about the average person. Only the elite with big $$ are able to take their kids to a Jazz game and afford it...unless you sit in the rafters where you can't see anything. Wow, great diversion for personal challenges!
Give me a break. Don't plan on sympathy any time soon when LHM starts bawling (literally) about his poor Jazz not making money.
I have a money saving idea for LHM...dock Boozer's pay every time he does his "matador" defense, aka steps to the side and lets the opposition drive down the lane uncontested. That'll increase your profits!
Comments continue below
FACT MAN | 8:40 a.m. April 18, 2008
I heard early this year LHM bought the Jazz for 10 million. Now it is Worth
345 million. why didn't Rigby talk about that. Jazz in 6
Be Happy | 8:42 a.m. April 18, 2008
Jazz fans need to be so happy with Miller. I live in Seattle, and it is a crying
shame what is happening with the Sonics. 41 years of history is going down the
toilet. Up here, its all about the greedy pigs who only think about themselves.
Be grateful for what you have!
Reality | 9:02 a.m. April 18, 2008
I also congatulate LHM for his total overall succeeses. He has acomplished this
the old way--on his own. But lets not forget who pays all of the bills and
investments. The FANS and all US CITIZENS. Total or almost total employment by
working america pays all of these bills. The ESA, Delta Center and the old Salt
Palace have been near or complete sellouts for years and years. That is 1st amd
foremost to success, then the other fans come in to play and lastly every
citizen in the state and U.S. pay for these expenses. Local media and most
importantly the national media play into bottom line with the HUGE -multi year
broadcast contracts that are divided up per team. NBA clothing and other related
items make up more. Basically who pays for all of this--Advertisers. Who pays
the advertisers--THE CITIZENS(even non sports followers). Everything we use day
to day, consume ect, is marked up to include cost of doing business to have
bottom line profit. There are many other bottom line items but I'm out of
room, so I say Go Jazz and Good Luck men in closing.
KBP | 9:43 a.m. April 18, 2008
Thank you LHM for changing the Jazz colors to navy/powder blue from
teal/copper/purple. I feel that this has made Jazz merchandise more appealing to
buyers. I personally have bought more Jazz merchandise since you made the
change. More revenue for you. GO JAZZ!!!!!
James | 9:48 a.m. April 18, 2008
I think Larry Miller is a master at crying poverty. THe Jazz are not losing
money. It is one way for him to position himself as Mr. Nice guy with his front
office and players. "See, I lose money so I can pay you so much." THen
when contract renewals come he has bargaining chips. Very sly.
400ex | 9:44 a.m. April 18, 2008
I love the Jazz and are glad they are here. It's ok
for Miller to make money, he took the risk and it's paid off. That's America and it's great. As far as loosing money, the team's worth 345 million, nobody with that type of money makes big loosing business vetures and banks wouldn't loan it unless it made big bucks. If there weren't busness men willing to pay it then the Jazz wouldn't be worth that much. It's ok for Larry to make big money he took the risks and did the work, he shouldn't have to be shy that he's now getting his reward. Go Jazz!!!
for Miller to make money, he took the risk and it's paid off. That's America and it's great. As far as loosing money, the team's worth 345 million, nobody with that type of money makes big loosing business vetures and banks wouldn't loan it unless it made big bucks. If there weren't busness men willing to pay it then the Jazz wouldn't be worth that much. It's ok for Larry to make big money he took the risks and did the work, he shouldn't have to be shy that he's now getting his reward. Go Jazz!!!
Dave | 9:44 a.m. April 18, 2008
Thank you Mr. Miller for having the guts to go out on the line personally to
keep the team here in the first place, and for building a team that is
competitive but done with players who for the most part we can all be proud to
cheer for. You deserve all the money you make on this team, nobody else stepped
up to the plate!
Larry Lover | 9:50 a.m. April 18, 2008
I love Larry Miller, he has been great to our state.
GO LARRY you are the best owner in the world.I also
love hearing you talk on Thursdays David Locke show
its a real infomative hour of talk radio.
GO LARRY you are the best owner in the world.I also
love hearing you talk on Thursdays David Locke show
its a real infomative hour of talk radio.
Anonymous | 9:54 a.m. April 18, 2008
There is a difference between The JAZZ not making money and LHM not making
money. Remember his salery is part of the reason the Jazz loose money. Anyone
who thinks that LHM isn't as please as can be and making money is Crazy.
Thats big Bussiness, and I aplaude him, he is good for this franchise.
Go Jazz, in 6. I look forward to them Beeting the Lakers next!
Thats big Bussiness, and I aplaude him, he is good for this franchise.
Go Jazz, in 6. I look forward to them Beeting the Lakers next!
Moto X | 10:05 a.m. April 18, 2008
We ought to be happy with LHM spending the cash to have a decent team.
Hollinger--ESPN--todays says:
The Jazz played extremely well down the stretch. Even with the meltdown in San Antonio included, over the last quarter of the season the Jazz had an offensive efficiency rating of 116.0 -- that dwarfs the Suns' league-leading mark of 111.2. To put that into context, if they had done it for a full season, the Jazz would have been by far the best offensive team of all time. Utah went 37-12 after Jan. 1, and the number of blowout wins over quality teams is staggering. The Jazz beat the Celtics by 18 in Boston the Celtics' worst loss of the season. The Jazz beat New Orleans by 28, and then again by 22 two of the Hornets' three worst defeats of the year. They beat San Antonio by 26 and the Lakers by 24 for each, their worst loss of the season. They beat Phoenix by 22 and beat Denver by 27. Overall, Utah won an astounding 18 games by more than 20 points. The Jazz didn't lose a game by more than 20 until the Spurs!!
Hollinger--ESPN--todays says:
The Jazz played extremely well down the stretch. Even with the meltdown in San Antonio included, over the last quarter of the season the Jazz had an offensive efficiency rating of 116.0 -- that dwarfs the Suns' league-leading mark of 111.2. To put that into context, if they had done it for a full season, the Jazz would have been by far the best offensive team of all time. Utah went 37-12 after Jan. 1, and the number of blowout wins over quality teams is staggering. The Jazz beat the Celtics by 18 in Boston the Celtics' worst loss of the season. The Jazz beat New Orleans by 28, and then again by 22 two of the Hornets' three worst defeats of the year. They beat San Antonio by 26 and the Lakers by 24 for each, their worst loss of the season. They beat Phoenix by 22 and beat Denver by 27. Overall, Utah won an astounding 18 games by more than 20 points. The Jazz didn't lose a game by more than 20 until the Spurs!!
Re:Give me a break & Others | 10:14 a.m. April 18, 2008
The Jazz really do lose money every year when you just look at the opporations
of the Jazz alone. But they are not alone as many NBA teams lose money. The
reason LHM and others continue to operate a team is for several reasons. First,
the franchise value goes up and at some point LHM can sell the Jazz if he wants
and cash in for millions. Second, it creates a brand for larry. People know
who LHM is and buy cars, movies, baseball tickets, and burritos because it has
his name on it.
People just hate LHM because he is rich. But I think he deserves props. He put his neck on the line with the Jazz. It has paid off and his is wealthy. What is wrong with that? At least we have a pro team in Utah. I don't hate other people for being rich, so I see no reason to hate Larry.
Go Jazz and I am glad they aren't moving to Oklahoma or somewhere else.
People just hate LHM because he is rich. But I think he deserves props. He put his neck on the line with the Jazz. It has paid off and his is wealthy. What is wrong with that? At least we have a pro team in Utah. I don't hate other people for being rich, so I see no reason to hate Larry.
Go Jazz and I am glad they aren't moving to Oklahoma or somewhere else.
Brad | 10:19 a.m. April 18, 2008
Jazz in 5!
The Jazz don't lose money. They only compare salaries to ticket sales/tv deals. The concessions and merchandise sales, as well as in arena advertising more than make up the difference. Has anybody ever seen a short line for beer sales? While the league takes a larger percent of the playoff tickets, the cost for each ticket goes way up for each round. LHM would never keep any business that wasn't at least breaking even.
The Jazz don't lose money. They only compare salaries to ticket sales/tv deals. The concessions and merchandise sales, as well as in arena advertising more than make up the difference. Has anybody ever seen a short line for beer sales? While the league takes a larger percent of the playoff tickets, the cost for each ticket goes way up for each round. LHM would never keep any business that wasn't at least breaking even.
Better for everyone | 10:51 a.m. April 18, 2008
While you (Larry)may make more money with more home games, had utah beat the
Spurs we likely would have played them in the first round WITH home court adv.
Translation: One more "home" game and then a first round exit. This
matchup with the Rockets provides a more realistic opportunity to have atleast 6
home playoff games (through 2 series). Better for Larry's pocketbook,
better for the fans and the franchise! Go Jazz
magnus | 11:00 a.m. April 18, 2008
@ Moto X
I read that article as well, lets hope Hollinger is right this year like he was last year!
I read that article as well, lets hope Hollinger is right this year like he was last year!
re:moto X | 11:38 a.m. April 18, 2008
Hollinger said "To put that into context, if they had done it for a full
season, the Jazz would have been by far the best offensive team of all
time"
This is according to his own statistical anaylis. This is not a standard the NBA uses. To say the jazz could have the best offense in the history of the NBA is quite a stretch. They scored less than 100 the past 2 games alone.
One point that I agree 100% with is Hollinger's anaylis that the jazz foul way too much. The most in the league over the past 10 years. He was on with David Locke the other day, and spent a good deal of time discussing this point. It is a fact that a jerry sloan coached teams fouls more than any team in the league and it isn't a good thing. Jerry needs to coach his team to committ good fouls and timely fouls, but I'm not sure he knows this himself.
This is according to his own statistical anaylis. This is not a standard the NBA uses. To say the jazz could have the best offense in the history of the NBA is quite a stretch. They scored less than 100 the past 2 games alone.
One point that I agree 100% with is Hollinger's anaylis that the jazz foul way too much. The most in the league over the past 10 years. He was on with David Locke the other day, and spent a good deal of time discussing this point. It is a fact that a jerry sloan coached teams fouls more than any team in the league and it isn't a good thing. Jerry needs to coach his team to committ good fouls and timely fouls, but I'm not sure he knows this himself.
ZEKE | 1:14 p.m. April 18, 2008
The kind of money NBA players make is ridiculus. Hope JAZZ go deep into the
playoffs. I think Larry Miller makes money or he wouldn`t keep the team.Still
would like to see name changed to something that relates to the State of Utah.
Reality--Again | 1:36 p.m. April 18, 2008
Thanks everyone, I agree with most of the posts about LHM and his business
interests. SELF MADE-- What an accomplishment. Stay positive everyone we are
fortunate to live where we do. Go Jazz.
Daren C | 1:57 p.m. April 18, 2008
Utah is very fortunate to have the Jazz. Larry H could have sold the Jazz many
times and has kept his business in Utah. Thank you very much LHM.
Jazz in 5
Jazz in 5
Dick of the NW | 8:45 p.m. April 18, 2008
At the bottom line in accounting terms, it may show a loss. However, one of the
deductions allowed is the depreciation of the value of a players contract. It
is like the depreciation of a building. It is a deduction but not a
"real" out lay other than the cost of the building. It is called cash
flow. Thus the amount of the depreciation is LHM's cash flow. So in true
accounting terms, there may be a loss but it won't actually be a money
loss. It is just accounting. To the Jazz, let's hope for the best and
expect the best. GO JAZZ. GO JAZZ. GO JAZZ.
Moto x | 9:55 a.m. April 19, 2008
The Jazz foul the most but even Hollinger acknowledges that they get the most
"thefts"/steals of any team. So they do get their moneys worth so to
speak.
As far as the other poster contradicting Hollinger on his offensive analysis--you criticize him for his critique of the Jazz awesome offense but all of a sudden he is a genius by saying the Jazz foul to much? Either he knows what he is talking about or he doesn't, which is it?
Much of this is about philosphy--Jerrys is different than Hollingers on fouling--big deal. My guess if anyone really believed Hollinger knew more about coaching than Sloan, he would have a coaching job--not Sloan. Case closed.
As far as the other poster contradicting Hollinger on his offensive analysis--you criticize him for his critique of the Jazz awesome offense but all of a sudden he is a genius by saying the Jazz foul to much? Either he knows what he is talking about or he doesn't, which is it?
Much of this is about philosphy--Jerrys is different than Hollingers on fouling--big deal. My guess if anyone really believed Hollinger knew more about coaching than Sloan, he would have a coaching job--not Sloan. Case closed.
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With each postseason game played at EnergySolutions Arena, the Utah Jazz make enough money to help pay down the payroll tax for exceeding the salary cap.
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