Originally Posted by gasolina
I don't think this guy knows what his Forbes team values means.
In 2003 when Lebron joined your Cavs their team's value was $258M. The value topped in 2008 at $477M. Now if Dan Gilbert had a crystal ball and sold his team in 2008 he would've gotten $477M cold cash, but he didn't.
Fast forward to 2010, Lebron left, and the Cavs value took a $121M hit in their value to $355M. After last season's record breaking catastrophe, I fully expect the value to drop some more, probably going back to what it was before Lebron arrived. Now, is anyone stupid enough to buy such this failed franchise from Dan Gilbert now that Lebron's gone? Probably not. Now did Dan Gilbert ever get a cent out of the "doubled" value of the franchise? NO.
Of course, the Cavs did make a lot of money or what you call OPERATING INCOME during Lebron's 7 year stay. But were not going to use that since you've always ignored the net operating losses of majority of the teams since the lockout talks started. Even when teams like the Bucks and Pacers have steadily lost money year after year you're always "OMGZZRS IT DOESN'T MATTER SINCE THE FRANCHISE VALUE WENT UP $200 MILLION!!!"
Maybe you should go back and use Microsoft as an example, you know, the time when you said their stock was dipping but you don't see them firing employees?
If they go down to pre-Lebron levels ($222 million in 2002, LBJ's first year is 2003), they will be the cheapest franchise in the NBA. I highly doubt they drop that low considering they just had 2 very high picks, and their future is not as bleak as some may imagine.
BTW, even the Bucks have seen the franchise go from $150 million in 2001 to $258 million in 2010. $100 million over 10 years is $10 million per year, which is not a bad investment at all.