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Cugel said:
why would jody care about anything as long as the team makes money. I would imagine she rarely thinks about the team. she has a team of assistants to do that. if she were to worry about the blazers Vulcan et al would grind to a halt
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Maybe Paul Allen put it in his will, that if she doesn't try to win or sells the team she doesn't get the money.

Oooh, let's start that as a rumor!
 
Cugel said:
why would jody care about anything as long as the team makes money. I would imagine she rarely thinks about the team. she has a team of assistants to do that. if she were to worry about the blazers Vulcan et al would grind to a halt
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she inherited the Blazers in one form or another. I have no clue what kind of trust(s) framework and will provisions Paul Allen had in his estate, but the Blazer franchise comes with an inheritance tax encumbrance. I've read that sometimes for multi-billion dollar estates, it can take several years to sort out the transfer of owner-ships and titles. But that encumbrance stands since she was PA's sister rather than spouse. It's the same for the Seahawks. For the two franchises, the valuation is somewhere in the 4-5 billion range. That could leave JA with a tax bill approaching 2B she has to pay, one way or the other, sooner or later. And that will only be a portion of the inheritance tax she owes

I remember reading an article out of a Seattle paper that said the easiest way out of the situation for her was to sell the Blazers in order to raise the cash to pay the tax. And that fit with her being a much bigger fan of the Seahawks than the Blazers
 
wizenheimer said:
she inherited the Blazers in one form or another. I have no clue what kind of trust(s) framework and will provisions Paul Allen had in his estate, but the Blazer franchise comes with an inheritance tax encumbrance. I've read that sometimes for multi-billion dollar estates, it can take several years to sort out the transfer of owner-ships and titles. But that encumbrance stands since she was PA's sister rather than spouse. It's the same for the Seahawks. For the two franchises, the valuation is somewhere in the 4-5 billion range. That could leave JA with a tax bill approaching 2B she has to pay, one way or the other, sooner or later. And that will only be a portion of the inheritance tax she owes

I remember reading an article out of a Seattle paper that said the easiest way out of the situation for her was to sell the Blazers in order to raise the cash to pay the tax. And that fit with her being a much bigger fan of the Seahawks than the Blazers
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I th
wizenheimer said:
she inherited the Blazers in one form or another. I have no clue what kind of trust(s) framework and will provisions Paul Allen had in his estate, but the Blazer franchise comes with an inheritance tax encumbrance. I've read that sometimes for multi-billion dollar estates, it can take several years to sort out the transfer of owner-ships and titles. But that encumbrance stands since she was PA's sister rather than spouse. It's the same for the Seahawks. For the two franchises, the valuation is somewhere in the 4-5 billion range. That could leave JA with a tax bill approaching 2B she has to pay, one way or the other, sooner or later. And that will only be a portion of the inheritance tax she owes

I remember reading an article out of a Seattle paper that said the easiest way out of the situation for her was to sell the Blazers in order to raise the cash to pay the tax. And that fit with her being a much bigger fan of the Seahawks than the Blazers
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Do you think Bert Koldie would be a potential buyer, he's always seemed to enjoy the Blazers along with Paul?
 
Cugel said:
why would jody care about anything as long as the team makes money. I would imagine she rarely thinks about the team. she has a team of assistants to do that. if she were to worry about the blazers Vulcan et al would grind to a halt
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I’m fairly certain the team has a negative cash flow. The only way it makes money is through asset appreciation which would require selling the franchise.
 
tlongII said:
I’m fairly certain the team has a negative cash flow. The only way it makes money is through asset appreciation which would require selling the franchise.
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Nope, just yesterday it was announced that every team had a positive cash flow this season except for the Thunder because they had huge luxury tax payments in previous seasons. Not wanting to head in that direction in future years was likely the reason for cutting payroll though.
 
hoopsjock said:
Nope, just yesterday it was announced that every team had a positive cash flow this season except for the Thunder because they had huge luxury tax payments in previous seasons. Not wanting to head in that direction in future years was likely the reason for cutting payroll though.
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Gotta link? I find that hard to believe.
 
hoopsjock said:
Here you go:

https://www.forbes.com/nba-valuations/list/#tab:overall

The far right column lists operating income. Business is booming in the NBA.
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operating income is not profit. It says in that link that it's simply earnings before interest, taxes, depreciation, and amortization (which includes debt service)

for instance, Portland had a 51M operating income last year. From that, Portland would pay interest on any debt they have, principal payments, any property taxes (do the Blazers own the practice facility and headquarters?), any city taxes and franchise taxes, and depreciation

I'm assuming the Blazers and the Moda are separate entities. I'm pretty sure the Blazers are the primary tenant of the Moda, so the property taxes on the Moda wouldn't be coming out of the Blazers operating income. Which would mean the tenant costs are already levied against total revenue before the operating income calculation

so that 51M figure is going to be reduced a lot before landing on profit/loss. I have no clue what kind of debt Portland has, but Forbes lists their debt/value at 7%. For a 1.5B enterprise, a 7% debt/value sounds kind of significant, but maybe one of the financial guys here can define that...I can't

I know there can be all kinds of way to shelter income, so there very likely is some sheltered revenue that doesn't show up in operating income
 
wizenheimer said:
so that 51M figure is going to be reduced a lot before landing on profit/loss. I have no clue what kind of debt Portland has, but Forbes lists their debt/value at 7%. For a 1.5B enterprise, a 7% debt/value sounds kind of significant, but maybe one of the financial guys here can define that...I can't
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debt-to-value (aka debt-to-equity) commonly includes all outstandiing liabilities as of the end of the reporting period, including current payables (even those not yet due), salaries payable, prepayments received (for example, the value of prepaid season tickets), etc. A very low percentage of most entities' liabilities actually result in any kind of interest charge. A 7% D/E ratio is actually very, very low. Obviously I haven't looked at the Blazers' financial statements, but I would be very surprised if they have a material level of interest expense.
 
wizenheimer said:
I'm assuming the Blazers and the Moda are separate entities. I'm pretty sure the Blazers are the primary tenant of the Moda, so the property taxes on the Moda wouldn't be coming out of the Blazers operating income. Which would mean the tenant costs are already levied against total revenue before the operating income calculation

so that 51M figure is going to be reduced a lot before landing on profit/loss.
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Good initial point, then bad conclusion. You gave the reason why it WON'T be reduced a lot...only by tax on the $51M, and the near-zero interest.

Of course to convert profit to cash flow we need a funds-flow statement, and won't get one. But cash flow matters only if the owner lacks cash, and this one doesn't.
 
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Yikes — how NBA heads view Neil’s Blazers:



Common to see “title contenders or just another Portland” on Twitter/forums.

I liked that he tried to balance the starting five this offseason but it again proved Neil’s ultra conservatism by going after marginal upgrades rather than swinging for the fences to land Dame a third opinion (Nurk is hurt too much for this designation IMO)

go!
 
Fez Forthright said:
Yikes — how NBA heads view Neil’s Blazers:



Common to see “title contenders or just another Portland” on Twitter/forums.

I liked that he tried to balance the starting five this offseason but it again proved Neil’s ultra conservatism by going after marginal upgrades rather than swinging for the fences to land Dame a third opinion (Nurk is hurt too much for this designation IMO)

go!
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It's crazy t o see how other teams will make moves and try to build around their stars..... and we just keep running it back every year with the same core.
 
Natebishop3 said:
It's crazy t o see how other teams will make moves and try to build around their stars..... and we just keep running it back every year with the same core.
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Insanity Is Doing the Same Thing Over and Over Again and Expecting Different Results
 
Sam Hinkie is my favorite potential replacement.

A realist who has the spine to tear down a roster rather than sustaining a treadmill team.
 
Yep...and his record there was:
35/31
34/48
19/63
18/64
10/72
28/54

His drafts picks have not been all that great either.....
During his time there Philly's fans were livid and didnt like the idea of tanking, for so many years.

That franchise was a mess under him. Just my opinion
 
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Hoopguru said:
Yep...and his record there was:
35/31
34/48
19/63
18/64
10/72
28/54

His drafts picks have been all that great either.....
During his time there Philly's fans were livid and didnt like the idea of tanking, for so many years.

That franchise was a mess under him. Just my opinion
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Trust the process is now a title contender.
 
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