FanPost

Look, the Cats turned a profit!



According to an article on ESPN, the new CBA actually allowed for the Bobcats to turn a $6 million profit last season. This is a great sign for Charlotte and other small market teams as hemorrhaging money is no longer a given. Anyway, let's please knock off the "MJ is losing so much money and is going to the move the team to Uzbekistan" comments. I've included a link to the article and the synopsis on the Cats' situation.

http://insider.espn.go.com/nba/story/_/id/9695857/nba-winners-losers-cba-year-3

No, the new CBA didn't help them exchange their nickname in favor of the one discarded by New Orleans, but it did help in other ways. The team was projected to lose about $14 million this season without revenue sharing, but with the contributions from big-market teams and various revenue-related adjustments, the team is projected to have a basketball profit of around $6 million.

Operating in the black, plus the changing market for free agents, gave Charlotte options it otherwise would not have had, such as the ability to sign Al Jefferson. When was the last time a big-name free agent -- arguably the second-best available center, behind Dwight Howard -- signed in such a small market? Jefferson is just one data point, but his signing points to the new system being effective. The team also managed to snag Brendan Haywood at a cheap price with an amnesty waiver claim -- a new feature in the 2011 CBA.

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