As the world's most professional and most commercial basketball event, the market value of the 30 teams under the NBA has soared in the past 10 years, which is inseparable from the credit of Xiao Hua, the new president of the league: in order to improve the game appreciation, promote the development of the small ball era; work closely with a number of commercial companies to ensure the smooth operation of the league; through frequent "star-making", attract the attention of fans around the world.
List of the top five teams by market capitalization in the league:
1, Knicks 5.41 billion US dollars
2. Warriors $5.23 billion
3. Lakers 5.16 billion US dollars
4. Nets $3.42 billion
5. Celtics $ 3.18 billion
Among the top five teams by market capitalization, the Los Angeles Lakers and boston Celtics are called the traditional giants of the NBA, both teams have 17 championship honors; the Knicks are located in "gold" New York, and the team's market value has been ranked first in the league for nearly 20 years; the Golden State Warriors have achieved 3 championships in 4 years under the leadership of Curry with the wave of the smallball era, and the team's market value has increased by a terrifying 1000% in 10 years.
Only the Brooklyn Nets, with no results and no history, have no history, and rely on their location in the suburbs of New York, the market value has squeezed into the top five.
The protagonist to be introduced today is the Nets owner Cai Chongxin, a "unlucky egg" boss who likes to spend money to float:
History of wealth accumulation
In 1964, Tsai Chongxin was born in Taiwan, the treasure island of the mainland, his father Cai Zhong was the first student in Taiwan to graduate from Yale Law School, and after graduation, he chose to return to Taiwan to establish the first batch of law firms.
Tsai Chongxin's wife, Wu Minghua, has a family lineage that is not simple, her grandfather Wu Sanlian is a big man in Taiwan's political circles, once served as the mayor of Taipei, single-handedly founded the Tainan Textile Company, is an entrepreneur and politician, and his influence in Taiwan is much greater than that of Tsai Chongxin's father, Tsai Zhongzeng.
Influenced by his father, Cai Chongxin came to the United States to study at a very young age, and followed in his father's footsteps to enter Yelü University, where he obtained a bachelor's degree in economics and a doctorate in law. After graduating with a doctorate, Tsai Chongxin chose to stay in the United States to work, served as the general counsel of a number of listed companies, and later began to develop into investment, coming from a legal family allowed him to treat his work rigorously and meticulously, and the economic knowledge learned at Yelü University gave him the potential to be a successful businessman.
In 1999, Cai Chongxin's annual salary had already exceeded one million US dollars, which was a happy family and a successful career, but during a trip to Hangzhou in the same year, he met someone who changed his life: Ma Yun.
When Cai Chongxin first visited Ali, Ma Yun's company plus cooking aunt was only more than 20 people, the floor was covered with mattresses and toiletries, the dirty environment did not affect the enthusiasm of employees, and everyone shouted and laughed as if they were enchanted.
After listening to Ma Yun's future planning for the company, Cai Chongxin was moved, he was optimistic about Alibaba's prospects in China, preferring the current company atmosphere, after a brief discussion with his wife, he gave up the stable job of millions of annual salary, and took a monthly salary of 500 yuan and plunged into the Ali kingdom conceived by Ma Yun.
With the participation of this outstanding professional manager with a senior venture capital background, Cai Chongxin, not only avoided Alibaba's path to a family business, but also brought $5 million of angel investment in the early stage of entrepreneurship, which in turn had the opportunity to enter Son Zhengyi's investment horizon and obtain more investment opportunities for later development.
With the rapid development of Alibaba in the past 20 years, Tsai Chongxin's value has increased qualitatively, and in the latest edition of the global rich list, the Chinese-Canadian boss is worth $11.5 billion.
Acquisition of the Brooklyn Nets
When it comes to the Nets, we have to introduce his former boss, Russian real estate tycoon Prokhorov, who bought the Entire Nets and Barclays Center arena in 2010 and 2015 for a total of $850 million in two installments, making three promises to fans after the acquisition was completed:
1. Move the Nets to Brooklyn
2. Recruit league superstars
3. Let the Nets win the championship within 5 years
In order to fulfill their promises, in the 2013 offseason, the Nets made a blockbuster deal with the Celtics:
The Nets sent Gerald Wallace, Humphreys, Joseph, Marshon Blooms and the 2014, 2016 and 2018 first-round picks, garnett, Pierce, Terry, DJ White and the 2017 second-round picks.
The Nets management used the defense of the sacrifice of the future to piece together the big six of Lopez, Delong Williams, Pierce, Garnett, Terry and Joe Johnson, and in the 13-14 season, the Nets ranked fourth in the regular season in the East, and were eliminated by the Bulls in the first round of the playoffs.
In the summer of 2014, the Nets invited Kidd to teach, the regular season record slipped to sixth in the East, and the first round of the playoffs faced the Third Place Raptors in the East, and the veteran's experience prevailed, successfully crossing the first round, but was easily eliminated by the Miami Heat at 4:1 in the second round.
In the summer of 2015, with Pierce and Garnett leaving the Nets, Prokhorov's dream of winning the title was declared a failure, and the Celtics directly or indirectly acquired the rebuilding cores of Tatum and Jaylen Brown through trades.
Clean up the mess
In the summer of 2016, the Nets were determined to tear down the rebuild, they appointed Sean Max as the team's general manager, in order to help the Nets out of the quagmire as soon as possible, Sean first bought out the contracts of Banyani and Joe Johnson, and then sent Thaddeus Young away, got a first-round 20-pick pick, and finally selected LeVert from the University of Michigan.
In the offseason free market, the Nets signed Jeremy Lin and Joe Harris, who was abandoned by the Cavaliers, and in the middle of the 16-17 season, they exchanged Bogdanovic for the first round pick of 2017 (selected center Allen), and signed Dinwiddie, who was not wanted by the Pistons and bulls, with a three-year, $2.9 million contract.
In the summer of 2017, Sean exchanged Lopez and the first-round picks from the Celtics for Russell, and in order to further free up the team's salary space, Sean chose to eat Mozgov, Faried and Crabbe's 10 million annual salary contracts, and then traded Mozkov to the Hornets. After two seasons of brilliant maneuvering, Sean managed to help the Nets free up $60 million in salary space in the summer of 2019.
Prokhorov, who is no longer interested in the NBA, publicly sold the team in 2018, and businessman Tsai Chongxin saw the current situation of the NBA team without a market, did not miss this once-in-a-lifetime opportunity, and spent a total of $2.35 billion through two acquisitions to buy the entire stake in the Brooklyn Nets, and in order to better manage and manage the team, the Tsai boss spent about $1.15 billion to buy the newly renovated Barclays Center Arena.
The biggest winner of this acquisition is Prokhorov, the 850 million bought team and stadium, only 9 years have doubled nearly 4 times, although in the end still did not fulfill the promise made to the Nets fans, but the timely stop loss before the sale of the team also gave Tsai Chongxin more room to operate.
To win the championship, throw money like crazy
Perhaps seeing that the market value of the Golden State Warriors has grown too sharply after achieving 4 years and 3 crowns, Cai Chongxin, who has just taken over the Nets, also wants to replicate the Warriors' successful road, because there is a general manager Shaun Marx's divine operation in the past few years, which gives the Nets ample salary space to strengthen in the summer of 2019. Unlike the Warriors' training stars, Tsai Chongxin's reconstruction idea is more direct, that is: throw money, not bad money!
1. Signed Durant, who had a ruptured Achilles tendon, for $160 million in four years
2. Signed "Thornhead" player Irving for $141 million in four years
3, four years 40 million US dollars signed a high emotional intelligence of jordan jr
With these three All-Star players joining, coupled with the original team Dinwiddie, LeVert, Allen and other high-quality rookies, Tsai Chongxin's dream of championship seems to be coming soon. But in the 19-20 season, because Durant was reimbursed for the season and Irving only played half a season due to injury, the Nets struggled to reach the playoffs under the leadership of Dinwiddie and LeVert, and finally ended Tsai Chongxin's first boss season with a round trip.
Perhaps it was heaven's arrangement, last season Rockets leader Harden was dissatisfied with the team lineup, proposed a trade to the team management, the Nets in order to get Harden, the superstar, sent the proven strength of the young players LeVert and Allen and a number of first-round draft picks, the strongest offensive big three in NBA history was formed.
The Team's luxury tax soared to $100 million after the Nets received James Harden, who earned more than $40 million a year, which is enough to explain Tsai's wealth and his desire for a championship.
"Unlucky Egg" is online
In the second year of taking over the Nets (20-21 season), Tsai Chongxin waited until Durant, who had previously broken his Achilles tendon, to return strongly, Harden, an MVP star, joined, the "thornhead" player Irving became low-key, and the Nets' record jumped from a playoff team to the biggest favorite in the championship.
But the sudden onslaught of the epidemic caused the NBA to be suspended for several months, and even if it was successfully resumed subsequently, it did not allow spectators to enter the stadium to watch the game, which greatly reduced the ticket revenue of each team.
And Cai Chongxin, who owns the Barclays Center, not only has no tickets and the income from undertaking various commercial performances, but also has to pay the salaries of the management personnel, maintain the normal operation of the stadium, do not rely on the stadium to make money, not to mention, but also to paste money, which is really a disaster. Fortunately, the Nets' regular season record was strong, and finally entered the playoffs with the second place in the East, when the Big Three were in good physical condition, and the probability of the team winning the championship remained high.
After easily defeating the Green Army through the first round of the playoffs, the Nets ushered in the challenge of defending champion Bucks, in the G4 game between the two sides, Alphabet Brother accidentally injured Irving, coupled with Harden suffered from a hamstring injury, the omnipotent offensive Big Three was left with Durant himself to fight.
In the final seven-time game, Durant interpreted personal heroism to the extreme, he played the whole game and scored 48 points, 9 rebounds and 6 assists, and dragged the game into overtime with a jump shot in the final moments of the regular season. In overtime, Durant was severely exhausted due to the full body, multiple jump shots were deflected, and when the Nets were two points behind in the last minute, Durant's three-point shot outside the three-point line completely announced the end of the season's Nets game.
Last season, it was injuries that blocked Tsai Chongxin's dream of a championship that was close at hand, but the nightmare belonging to the Nets did not stop, and Irving, the "thorn head" who had been silent for two seasons, began to perform on the stage, because of the refusal to vaccinate the incident was indefinitely suspended by the team, although he recently returned to the team, but he could only represent the team in away games.
Harden's offensive form this season has been unusually poor this season due to changes in offensive rules, with the current shooting percentage of only 41.4%; Durant, who plays the most consistently, suffered a sprained medial ligament in his left knee and has missed many games in a row.
With the recent wave of long losing streaks, the Nets' record has slipped to the seventh place in the East, and in the latest NBA official battle list, the Nets' comprehensive strength has slipped to 15 places, and the word championship is gradually drifting away from Tsai Chongxin. It is worth mentioning that the nets' total salary this season is as high as $172 million, need to pay $110 million luxury tax, high investment but always encounter unexpected things, Cai boss's luck is really too bad.
Can Tsai Chongxin's dream of winning the championship still be realized?
Objectively speaking, as far as the Nets' current competitive state and staffing are concerned this season, even if all the staff enter the playoffs healthily, it is very difficult to win when they encounter the Bucks and the Heat, two teams with fierce defenses, not to mention Durant's injury, Harden's offensive status, Irving can only play on the road and other unstable factors.
It doesn't make much sense to discuss whether the Nets have won this season, but this summer's offseason is the key to determining Tsai Chongxin's championship dream:
Last offseason, the Nets' big three all qualified for an early salary extension, Tsai Chongxin completed a four-year , $194 million super salary extension with Durant , harden and Irving didn't even get a tentative offer from the team, which may be a signal, a signal that the Nets are about to change blood this summer.
At present, the rumors about the swap between Harden and Simmons in the trading market are boiling over, judging from the annual salary of the two players or the way the stars play, this transaction can indeed be called a win-win, Harden can share the offensive pressure of Embiid and also connect the team, Simmons' defensive and organizational ability in the backcourt is first-class in the league, and can deliver cannonballs for Durant and Irving singles, if the Nets fail to win the championship this season, the probability of this transaction is extremely high.
Even if Harden is reluctant to join the 76ers, he will most likely jump out of the contract to pursue a super salary, unlike Wei Shao, who is currently mired in shooting, Harden, who is also bad on the offensive end, can easily get multiple teams recruited by just excellent organizational skills, and the average annual salary of his next contract will be close to $50 million.
As for Irving, who has a player option, because the vaccine incident has been "blocked" by multiple teams, he will probably continue to stay with the Nets next season, if he still does not choose to inject the vaccine and only play away, then this will become the biggest obstacle to the Nets' championship next season.
But no matter how the free market personnel changes this summer, the Nets have locked up a seat in the Eastern Playoffs as long as they have Durant, and with a boss who is not bad money, the Nets still have the strength to compete for the championship as long as they ensure that there are two healthy stars in the team, but the road to the championship is much more difficult than the Big Three.
Three years after the acquisition of the Nets, how much money did Tsai Chongxin make?
First of all, we have to make a point clear, the team's market value is only a virtual number, his amount is closely related to the geographical location of the team, the development of recent years, the fan base, etc., the net market value mentioned above is 3.42 billion US dollars, which does not mean that the current sale of the team is this price tag, such as the current global economic environment is not good, if Tsai Chongxin chooses to sell the team, the final transaction price may not reach 3 billion US dollars.
To understand how much money Tsai Chongxin earned by relying on the Nets, or to start from the team's net profit statement every season, last season the league's highest single-season operating income and net profit was the Golden State Warriors, with operating income of $474 million and net profit of $200 million; the League's first market capitalization of the New York Knicks had operating income of $421 million, net profit of 178 million ranked second, lakers' operating income of $400 million, net profit of 155 million ranked third.
The Brooklyn Nets' operating income last season was $342 million, net profit of only $78 million after deducting player salaries, luxury taxes and other expenses, and in the three years since the acquisition of the Nets, Tsai Chongxin will not make more than $200 million, considering that he spent $3.5 billion on teams and stadiums, a 5.7% return on investment is undoubtedly a failure for a businessman.
Write at the end:
In 2019, the ambitious Cai Chongxin invested heavily to form a championship team, 3 years have passed, the current situation of the team is a chicken feather, "want to speed is not reached", the Nets is time to consider the future direction of the team, after all, Cai Boss's money is not blown by the wind.