Originally written on Waiting For Next Year  |  Last updated 11/18/14
Dan Gilbert’s Cleveland Cavaliers are reportedly worth $434 million. This report comes from the annual “Business of Baseketball” report issued by Forbes. The Cavaliers, per this amount, rank 16th among the 30 teams in the NBA. Their profit last season, determined by operating earnings (earnings before interest, taxes, depreciation and amortization), was $19 million. The Cavaliers went 21-45 during the 2011-12 season and saw attendance plummet 21 percent, to an average of just 15,900 per game at Quicken Loans Arena. It was the team’s second season since LeBron James left, but the first they could not use James to entice season ticket holders (James left the Cavs in July 2010 after fans already had purchased season tickets) which provided inflated figures for the 2010-11 campaign. Per Forbes, the average NBA team is worth $509 million, representing a 30 percent  increase over the 2011-12 season. The increase is reportedly due to higher revenue from television, new and renovated arenas, and the league’s new collective bargaining agreement, which reduced player costs from 57 percent of revenues to roughly 50 percent. The labor deal also increased the amount of money high-revenue teams provide low-revenue teams. The average operating income for the league’s 30 teams during the lockout-shortened 2011-12 season was $11.9 million, the most since Forbes began tracking the finances of NBA teams in 1998. The NBA’s record profitability last season was a function of the new CBA and player costs (owners’ biggest expense) being slashed 20 percent due to the 66-game season. For the 2012-13 season, the Cavaliers introduced a reconfigured scorer’s table intended to increase the amount of television exposure court-side advertisers get by at least 15 percent which should help boost revenue. [Related: Forbes: Cavs Turned Biggest Profit Ever During 2010-11 Season]
GET THE YARDBARKER APP:
Ios_download En_app_rgb_wo_45
MORE FROM YARDBARKER

Robert Kraft: Richard Sherman is a 'marketing whiz'

Rob Gronkowski's party bus headed to Super Bowl

Matt Barnes not happy with NBA for $25,000 fine

Brandon Browner: 'No hard feelings' with Sherman, Thomas

Gronk reads erotica, sings Katy Perry at SB Media Day

LIKE WHAT YOU SEE?
GET THE DAILY NEWSLETTER:

Governor donates $10K to UNM hoops star’s cancer charity

U.S. Soccer: Hope Solo needs to do 'number of things' to return

K.J. Wright: Targeting injured players 'unacceptable'

Five reasons the Patriots will win the Super Bowl

Five reasons the Seahawks will win the Super Bowl

Bill Simmons fires a shot at ESPN colleague Ray Lewis

James Shields need to adjust his contract expectations

Kurt Warner wonders about Patriots cheating in Super Bowl

4-star QB recruit decommits from Michigan

Top storylines for Super Bowl XLIX

WATCH: Pacquiao, Mayweather meet at halftime of Heat game

One of Tom Brady's ‘treats’ is avocado ice cream

Does MLB need more offense in the modern game?

Re-ranking the Top 25: exposing the biggest flaws

Tiger on wearing mask: ‘Not a lot of brown dudes at ski races’

Putting the Cleveland Cavaliers’ pieces together

Brodeur to retire immediately and join Blues front office

Michael Bennett talks about sex superstition, calls reporter gay

NBA News
Delivered to your inbox
You'll also receive Yardbarker's daily Top 10, featuring the best sports stories from around the web. Customize your newsletter to get articles on your favorite sports and teams. And the best part? It's free!

By clicking "Sign Me Up", you have read and agreed to the Fox Sports Digital Privacy Policy and Terms of Use. You can opt out at any time. For more information, please see our Privacy Policy.
the YARDBARKER app
Get it now!
Ios_download En_app_rgb_wo_45

Top storylines for Super Bowl XLIX

Barnes unhappy with NBA over fine

Does MLB need more offense in the modern game?

Re-ranking the Top 25: exposing the biggest flaws

Putting the Cavs’ pieces together

Super Bowl XLIX: Key people to know

Ranking all 48 Super Bowls

Bill Simmons fires a shot at Ray Lewis

NFL pushing CFP to change schedule

Can Yanks not pay A-Rod his bonuses?

Petition started to remove Pats from SB

On John Wall's adidas J Wall 1 NYC All-Star Edition

Today's Best Stuff
For Bloggers

Join the Yardbarker Network for more promotion, traffic, and money.

Company Info
Help
What is Yardbarker?

Yardbarker is the largest network of sports blogs and pro athlete blogs on the web. This site is the hub of the Yardbarker Network, where our editors and algorithms curate the best sports content from our network and beyond.