Sunday, April 6, 2008

The Final Isiah Tally Is... $187 Million

According to Portfolio, in an estimate that I have to consider very kind, the Knicks have cost themselves the amount in the header from hiring Zeke.

* $137 million in luxury taxes.

* $19.6 million in lost gate revenue.

* $18.5 million to make Coach Brown go away.

* $11.5 million for Thomas’ treatment of Browne Sanders.

The lost gate revenue comes from low ticket sales due to a lack of any kind of late-season interest in the team, but I have to wonder... what about the lack of playoff revenue? The likely devaluation of the franchise? The Nets' becoming enough of a team that they are getting an arena in Brooklyn, thereby giving them a better chance at encroaching on ticket revenue from the Boroughs? The likely actual profits from any kind of competence?

Well, I'm thinking we're looking much more like $250 million. If not more...

No comments: