All this in a league with guaranteed player contracts and the highest average annual salaries in the world. And yet, just in the past year, the Detroit Pistons and Golden State Warriors — hardly financial powerhouses — have found buyers, and the Philadelphia 76ers are on the verge of being sold.

There are some serious problems, not least a question whether the owner-less New Orleans Hornets are a viable business. But here are five reasons why owning a team remains such an attractive proposition:. Stern is proud of the fact that in his more than 25 years as commissioner, just one franchise has been sold for less it was bought. Those kind of returns can make up for a lot of losses. For some owners, owning an NBA team can help other parts of a business empire.

Quicken Loans and Amway pay market rates for the naming rights on the Cleveland Cavaliers and Orlando Magic arenas, said Jim Andrews, senior vice president at IEG.

For team owners with a business they want to grow, the kind of exposure an NBA team brings can be a big boost. And, as a recent analysis by Deadspin found, even losses can be used to make money, for instance by loss carry-forward — booking the loss to offset tax charges elsewhere.

Mark Cuban and Mikhail Prokhorov can testify to the celebrity status that can come with owning an NBA team. And while owning a team brings stresses, for most owners, already incredibly rich and childhood NBA fans, ownership is often about realizing a dream and having fun at the same time.

Some of them — big-market teams such as the Los Angeles Lakers and New York Knicks — comfortably make tens of millions a year in profit, according to industry insiders. By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy.

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How the Owners of All 30 NBA Teams Made Their Money | Mental Floss

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NBA owners make a lot of money, but they spend a lot too - Ball Don't Lie - NBA Blog - Yahoo! Sports

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How much does an owner of a national basketball team (like L.A. Lakers) make a year? | Yahoo Answers

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