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Reality check: Jazz sold for $1.6 billion

 
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ClayK



Joined: 11 Oct 2005
Posts: 10591



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PostPosted: 10/29/20 12:01 pm    ::: Reality check: Jazz sold for $1.6 billion Reply Reply with quote

> the $26 million the Millers spent in the mid-1980s turned into a reported $1.6 billion.

Granted, this includes an arena -- so say the Utah Jazz are worth "just" $1 billion.

That's why NBA players are paid so much more than WNBA players, and given the WNBA franchise values, what's really surprising is that WNBA players earn as much as they do.



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johnjohnW



Joined: 11 Aug 2020
Posts: 81



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PostPosted: 10/29/20 5:04 pm    ::: Reply Reply with quote

This misrepresentation is exhausting. No one has ever seriously suggested W players make the same as MNBA players. Ever. I'm sure anyone, in any profession, would love to be paid that amount of money, but that's not what the Wnba players have ever asked for.

Congrats to the former owners of the Jazz for their return on investment, though.


StevenHW



Joined: 25 Jul 2005
Posts: 10649
Location: Sacramento, California


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PostPosted: 10/29/20 5:43 pm    ::: Reply Reply with quote

Press release...

https://www.nba.com/news/gail-miller-and-family-announce-agreement-to-sell-majority-interest-in-utah-jazz-to-qualtrics-founder-ryan-smith

If David Stern was still the NBA President, he most likely would've leaned on the new owner (Ryan Smith) into starting up another WNBA franchise, like bringing back the Utah Starzz! Hey, just wishful thinking! Wink



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