City: I Create The Nba!
Chapter 22 The Nba League Profits, 600 Million Dollars In Taxes!
New York, nba headquarters.
high level meeting.
Lu Zi, chief financial officer of nba, is reporting the financial situation to Jiang Han.
"Mr. Jiang, the sponsorship income of the NBA league this season is 4.798 billion US dollars!"
"The total ticket revenue of 30 teams handed over to the league is 310 million US dollars!"
"Not counting the profits of each team, the total revenue of the NBA league is 5.108 billion US dollars!"
Hearing this number, Jiang Han nodded slightly.
4.798 billion US dollars is the total amount of sponsorship funds that have reached cooperation with nba this season.
As for ticket income, it is relatively complicated.
During the regular season, each team's home games need to hand over 6% of the ticket revenue to the NBA.
In the playoffs, 45% of the ticket revenue of each team's home games will be handed over to the NBA.
Chief Financial Officer Lu Zi continued: "Mr. Jiang, according to the NBA's regulations, the NBA needs to distribute 48% of the total revenue to 30 teams equally.
48% of the 5.108 billion US dollars is 2.45184 billion US dollars, an average of 81.75 million US dollars per NBA team, and the financial transfer of this money has been completed.
52% of the US$5.108 billion is US$2.65616 billion. Last season, NBA officials have been using this money as expenses for various activities of the league. "
After speaking, Lu Zi took out another report.
She said slowly: "The league officials have also completed statistics on the profit and loss of each NBA team.
The New York Knicks had total revenue of $372 million, excluding expenses, and a profit of $127 million.
The Los Angeles Lakers' total revenue was $334 million, and excluding expenses, the profit amounted to $148 million.
Golden State's total revenue was $340 million, and excluding expenses, the profit amounted to $89 million.
The Chicago Bulls earned $201 million, excluding expenses, for a profit of $73 million.
The Boston Celtics had total revenue of $204 million, excluding expenses, and a profit of $58 million.
...
The Oklahoma City Thunder had total revenue of $158 million, excluding expenses, and a loss of $15 million.
The Memphis Grizzlies had a total revenue of $124 million and a loss of $6 million excluding expenses. "
Everyone in the conference room fell into deep thought after listening to the report.
The total revenue of the team is related to the city. Cities such as New York, Los Angeles, San Francisco, and Boston are all big ball markets.
Memphis, Oklahoma City, Cleveland and other cities are all small ball markets.
Coupled with poor management and no particularly popular stars, the team's losses are also reasonable.
Chief Financial Officer Lu Zi added: "Mr. Jiang, you have a total of 30 NBA teams under your name, and the total profit for the season is 1.2 billion US dollars!"
Jiang Han nodded, knowing it well.
The team under his name has a management team composed of professional managers and is in a state of stocking.
Whether the team can make money or not involves all aspects.
It's not that professional managers don't do well!
Thinking of this, he is going to sell some teams.
In the just-concluded season, none of the 30 teams exceeded the salary cap, and there were no star transfers.
This is actually not conducive to the development of the alliance.
However, because Jiang Han is in a state of stocking the team's management, no professional manager dares to take risks, tens of millions of dollars over the salary cap, and desperately strengthen the team.
What if you lose money?
Therefore, Jiang Han decided to sell some unprofitable teams and let outside businessmen "take over" them!
As for the owners of these teams in the future, whether they are willing to spend money on the team has nothing to do with him.
At this time, Jiang Han said: "Since the total income of the NBA season is 5.108 billion U.S. dollars before tax, the salary cap of the NBA next season will be 81.72 million U.S. dollars, and the luxury tax threshold will be 93.64 million U.S. dollars."
After finishing speaking, he said to the vice president of the NBA, Luis, "Louis, you will hold a press conference tomorrow to announce the income, expenditure and profits of the NBA and each team to the outside world.
In addition, you told the outside world that NBA teams will be allowed to buy and sell during the offseason, and interested businessmen from all walks of life can come to discuss various matters related to the team's buying and selling. "
"I understand, Mr. Jiang!" Louis responded quickly.
Next, Jiang Han told everyone the matters needing attention in the talent show, and ended the meeting.
...
Inside the nba president's office.
Jiang Han felt a little heartbroken.
Although he has 30 teams under his name, the total season profit is 1.2 billion US dollars.
But that money is taxable!
In the United States, individuals with an annual income of more than $518,400 have to pay 37% of the national tax.
In addition to national taxes, state and local taxes must also be paid.
New York is one of the areas with the highest taxes in the United States, paying 12.6% state and local taxes.
In other words, he needs to pay $600 million in taxes on the $1.2 billion he earned!
It's just a money grab!
In the past, Jiang Han had been seeing in the news how many billions of taxes a certain wealthy businessman had paid, but he didn't feel anything.
But it was my turn.
It's really heartbreaking!
Jiang Han took a deep breath, calmed down, and opened his attribute list.
[Host: Jiang Han]
【Age: 23 years old】
[Alliance: nba]
[League teams: 30]
[Alliance Arena: 29]
[Alliance profit: US$5.108 billion]
[League player age: 1960s]
[League salary cap: $81.72 million]
[Average market value of league teams: $800 million]
[Alliance TV broadcasters: ESPN, tnt, cbs, youtubetv, rattan sports, know-all...]
[Personal assets: US$1.7 billion]
...
property list.
The amount of the league salary cap has been updated to $81.72 million.
Next season, the salaries of nba players will become even higher!
The profit amount of the alliance has not been updated yet.
It is estimated that it will not be updated until the NBA signs new sponsorship agreements with major companies.
The average market value of league teams has skyrocketed from $300 million to $800 million.
It is estimated that within a few years, the average market value of NBA teams will reach an exaggerated market value of 2.1 billion US dollars, just like in the previous life!
As for the US$1.7 billion in personal assets, the US$500 million was his investment in creating the NBA League, and the NBA League returned it to him after making money.
The remaining 1.2 billion US dollars was just earned by him this season!
Of course, there are still 600 million US dollars in taxes that have not been paid.
Thinking of this, Jiang Han felt extremely heartbroken.
600 million US dollars, equivalent to 4.2 billion Huaxia coins!
In Wang Duoyu's eyes, 1 billion yuan can't be spent in a lifetime...
What about 4.2 billion...
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