New Roster Not Breaking Lakers Bank
The Lakers aren’t just a roster of All-Stars trying to win a 17th NBA championship.
They’re an economic machine, with more money than ever pumping into, and out of, their franchise.
Their $100-million payroll is the NBA’s largest, they currently owe $30 million more in luxury taxes, and they’re projected to pay $49 million next February for revenue-sharing dues from last season, according to NBA documents.
Don’t cry too much for the Lakers, though.
The team makes up to $90 million in annual ticket sales and is starting the first year of a TV deal with Time Warner Cable that pays them $120 million more this season.
“The numbers are staggering,” said George E. Belch, chairman of marketing at San Diego State. “The Lakers are clearly a marquee franchise of the NBA. Because of the size of their market, they can command large revenue, particularly on the TV side, a big part of paying some of these bills.”