We all know the Pacers are losing money. But take a moment and think about how they are losing it.
The players' payroll this season is: $66.7 million according to HoopsHype and $66.9 acording to shamSports. That is a big part of the total expense, but not nearly the total corporate expense of Pacers Sports & Entertainment.
Now look at ticket sales. The Pacers this season are averaging attendance of 13,861.
The average ticket is down to $30.02.
Now, do the math. Forty-one games of selling 13,861 tickets at $30.02 yields a little over $17 million. that is 26% of the players' salaries.
Add in television revenues. Add in what teams under the tax get from teams over the tax. Add in sales of all those hats and jerseys that Duke Dynamite buys. Add in the beer that Heywoode drinks every time he goes to a game.
How do all those get you up to the total cost of running the organization, which must be around $100 million.
It baffles me that the Pacers stay in business. Or, let's say, how the whole NBA stays in business: