On May 1, Beijing time, according to US media statistics, the Brooklyn Nets have lost a total of $50 million to $100 million this season, which may be the most financially lost team in the NBA.
Because the Nets were eliminated by the Celtics 0-4 in the playoffs this season, they also experienced a bad season, and the team's poor performance also made the team lose money financially.
At the time, after acquiring the Nets and Barclays Center in August 2019, Nets owner Tsai Chongxin was convinced it could turn into a profitable salary like Alibaba's.
However, no one expected that after offering kevin Durant and Kyrie Irving's top salary contracts, Tsai Chongxin paid about $100 million in luxury taxes this season, which is also the second highest luxury tax in NBA history. What's more, because Durant missed a quarter of the game this season because of a knee injury, Irving missed nearly two-thirds of the games because he refused to be vaccinated, Harden applied for a trade, and the Nets actually exchanged Ben Simmons, who did not play a game.
After this series of divine operations, due to the team's poor performance, but it paid a high luxury tax, Cai Chongxin's previous wave of operations can be said to have lost a lot.
In February, Tsai fired John Abamondi, ceo of Brooklyn Sports and Entertainment. However, despite the Nets' record attendance, ticket revenue and sponsorships. The Nets have averaged $2.1 million in ticket revenue per game this season, ranking fourth in the league. In addition to the tickets given away, the Nets were able to sell an average of 15,000 tickets per game, a 26 percent improvement over the 2018-19 season.
Now, for the Nets, the season is over, and they need to shift their sights to next season.