More money should be flying down for Lebron James according to economists<\/p><\/div>\n
This type of bargain for a major asset is a steal in any business, and it is obvious why NBA franchises are increasing in value so rapidly. They have incredible cost controls, domain over a scarce resource, and have a competitive edge in developing off the court recognition. This is not to mention the vanity aspect of the purchase as well as the fact that the NBA is leading the major American sports in their outreach to China and other global markets.<\/p>\n
In times of economic success, scarcity also comes into play. This is variable depending on the economy as a whole, but it is a trend that shouldn\u2019t be ignored. With only 30 NBA teams, and a bevy of egotistical billionaires, pure fundamentals don\u2019t matter as much as having a rare and unique asset like an NBA franchise. It is hard to quantify the economic impact of an NBA team on an owner\u2019s ego, but there is no question that it should be factored into this unrivaled growth. In terms of pure supply and demand, there is an incredible shortage and imbalance with countless billionaires waiting in the wings for an NBA team to fall into their lap.<\/p>\n
NBA owner Mark Cuban enjoying one of the rarest assets of all: an NBA title<\/p><\/div>\n
Overall, the two major internal changes that have served as the catalyst for this furious growth are the shift in compensation formulas and technological adeptness in marketing and branding players. Combine this with an ever changing media landscape, and that is the fuel for a thriving business and exponential growth. That is what the NBA is experiencing, the only question is how long will it sustain this dramatic increase?<\/p>\n","protected":false},"excerpt":{"rendered":"
On August 12, 2014 a California Court ruled that it was legal for the ex-Microsoft CEO and billionaire Steve Ballmer to purchase the Los Angeles Clippers for two Billion Dollars. This astronomical purchase price reverberated across the entire sports landscape as the figure was unprecedented for an NBA franchise. The shock was further intensified because […]<\/p>\n","protected":false},"author":823,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/posts\/2654"}],"collection":[{"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/users\/823"}],"replies":[{"embeddable":true,"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/comments?post=2654"}],"version-history":[{"count":1,"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/posts\/2654\/revisions"}],"predecessor-version":[{"id":2655,"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/posts\/2654\/revisions\/2655"}],"wp:attachment":[{"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/media?parent=2654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/categories?post=2654"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/j469.ascjclass.org\/wp-json\/wp\/v2\/tags?post=2654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}