Joe Lacobowner of the Golden State Warriors, did not hesitate to pay the price to build a team that could return to the top and for the moment his bet has paid off since the Californians will return to the NBA Finals for the 6th in 8 years, pretty amazing.
They have a payroll of 175.2 million dollars, well above the salary cap and the luxury tax and since they have already paid the luxury tax last season, they will be penalized even more, and will pulverize the NBA record of luxury tax held by the Nets since 2013-14 with “only” 90.6 million dollars. The bill should be 170.3 million dollars and therefore the workforce will have a cost of 345.5 million dollars!
It’s huge, and a lot of franchises and owners can’t afford it, but that huge bill is going to be pretty sweetened by a source of revenue that really has no equal in the NBA: nightly cash inflows. of game. The Chase Center is one of the most expensive venues in the league, and according to The Athletic, so far so far in the playoffs.
Indeed, the Warriors played 9 home games in the playoffs, 3 per round and in the first two rounds, they would have earned approximately $ 7 million per game (game ticket, food, drinks and all that the spectators spend at the hall), and in the conference finals it even rose to 10 million dollars per game. In addition they are guaranteed to play at least 2 games at home in the finals, even up to 4 and they would expect to win more than 15 million dollars in each game of the finals…
When you do the count it’s around 100 million dollars at least, or even 130 million if the finals last. Enough to reimburse a good part of the luxury tax, and to reinforce the deductible not to degrease during the summer.
With 3 home games in each West round, the Warriors have grossed approximately $72 million box office. ($7M per game in 1st two rounds, $10M per this round.)
They’re now guaranteed at least 2 Finals home games, when they’re expected to gross $15M+ per game.
Total gross of $102M.
— Tim Kawakami (@timkawakami) May 27, 2022
