Truth & Rumors > NBA
NBA teams facing financial troubles?
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07:38 AM ET 11.14 | What might have been the biggest story of the week was right there on TV, Wednesday night, hiding in plain sight. Throughout MSG's telecast of Knicks at Memphis, nearly every shot showed rows and rows of empty seats. The most expensive seats, from courtside and roughly 25 rows up, were almost all vacant. The Grizzlies, since the Vancouver franchise was resettled in Memphis in 2001, have played to half-empty houses before, but nothing this bad. An eyewitness estimates that Wednesday no more than 4,000 were in the house. And ba-ba-baby, you ain't seen nothin' yet. In Sacramento, where the Kings would regularly sell out the 17,300-seat Arco Arena, the home opener was played to at least 5,000 empty seats - and attendance has fallen since. Indiana, Philly and Charlotte are way down, too. By late spring, you'll likely hear and read that a couple of NBA and NHL teams are close to suspending operations, unable to make rent and payroll, that corporations that bought arena naming rights and businesses that bought big-ticket advertising are behind in payments. There will be more layoffs than layups, more undertakers and no underwriters.
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Tori Praver
Cheney Larschied



Comments (29) Add A Comment
They're using Memphis, Sacramento, Indiana, Philly, and Charlotte as examples for their story?
Inflammatory journalism.
C-Smith
Total Comments (2178)
Lets analyze this-
the kings, Memphis, Indy, charlotte......
what do they have in common>>>>??????
-hmmmm-
THEY ALL SUCK.
people aren't stupid- especially when $$$ is tight at home
- if they were competetive- more people would come
jgb
Total Comments (10528)
Don't worry the goverment will bail them out. Especially with a president that loves to play basketball, he isn't going to let them fail.
notbychoice
Total Comments (645)
This is not new. What was the original city for the Kings?. How long has Memphis been there? Teams have been moving because of financial problems for years. I don't think the league will let them shut down. Plus they will still owe player contracts.
oldnicksfan
Brooklyn , NY
Total Comments (877)
The TV deal and the shared revenue it generates keeps teams in business even if the gate is low. None of these teams will fold up shop because of empty seats. If the TV deals shrink because of a bad economy . . . then all bets are off.
Petey024
New York , NY
Total Comments (2146)
...don't forget new orleans, too...the city can't seem to support the team financially (its only about half the size it was before katrina) even tho' they are very good...i look for a team to move back to seattle in the future... and a team moving to vegas in the next couple of years..........
privateer
Total Comments (221)
...and Hova, you're right - philly ain't goin' nowhere.....
privateer
Total Comments (221)
No, but their fans are. The NBA has priced the average fan out of the building. Considering that the majority of the players come from U.S. inner cities, none of the kids that reside there can go see their home-grown superstars play unless they're given tickets. What a pity.
arejaydub
Total Comments (13182)
The fact is, NBA games are too expensive, and the league is still rigged toward physical play (*koff koff* Celtics *koff koff*) and no skill. We're returning to the 90s Knicks-Rockets finals.. *yawn*.
Wake me when this "excitement" is all over - I just might tune in when the playoffs start in western conference..
david_stern_sux
Beverly Hills , CA
Total Comments (45)
"The NBA - where overpriced tickets happen"
david_stern_sux
Beverly Hills , CA
Total Comments (45)
huh?
it is absoulutely NOT 'rigged toward physical play'
Actually it is the opposite- which is why there are really
only a handful of dominant low-post centers.....
everyone is out shooting 3's
jgb
Total Comments (10528)
So maybe if the Grizz didnt ship away Gasol people would still come. BUt i would still want to see Mayo and young Gasol play.
Joe Dew
Idaho Falls , ID
Total Comments (8400)
These "teams" (Memphis, Charlotte, etc...) should be dissolved and the "players" they have worth calling NBA players should be sold to the highest bidder! I'm expecting the Knicks to bid for Adam Morrison! ADDDAM MORRRISSSON!!!
Kouji Kabuto
Total Comments (50)
This is why Buss said he would rather pay luxury tax than let go of Bryant and Jackson, and why they re-signed Bynum to a sizable contract. Outcome is they have raised ticket prices for three consecutive years. If you really think about it, the Staples center has same seats, same parking lot, same lights, same rims. Just a different Logo in the middle of the floor. And that is the Lakers Logo. Not the other team's.
Justice88
Total Comments (870)
Lakers have sold out every game and their tickets are outrageous. Phoenix, Dallas, Boston, NYC, they don't have trouble putting butts in seats.
Cyborg Spider
Los Angeles, CA
Total Comments (61)
why did they move the Grizzlies from Vancouver in the first place...if the ownership was serious about building a team, fans will come.
They gave up on Gasol...the Fans gave up on them.
LakerfanTO
Total Comments (23)
Spam X4............look to NASCAR.......get it?
Circus Maximus
Total Comments (1267)
Lower the TICKET PRICES especially NOW with the ECONOMY>>>DAH
HELL_RAISER
Total Comments (5222)
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