LeBron James and Co made Jeanie Buss $316 million in 2020-21, $84 million more than an average franchise but the Lakers still wanted to be under Luxury Tax

Akash Murty | 05/07/2022
LeBron James and Co made Jeanie Buss $316 million in 2020-21, $84 million more than an average franchise still Lakers wanted to be under Luxury Tax

LeBron James is a money-making machine. Jeanie Buss always knew how much they would make off of signing the GOAT of this generation even if they didn’t win much.

Barely anything has happened the way it should for LeBron and his team in the last two years. The past season was as low as the Lakers could have gotten having The King and Anthony Davis still in their ranks, and then there was another Top-75 player of all time, Russell Westbrook.

Nothing worked for them throughout the season while AD struggled with injuries, Brodie suffered to attain the chemistry with the team, and LBJ, well, that man did his best to chase Kareem Abdul-Jabbar on the all-time list while happening to be the second-best scorer of 2021-22 season. That was also his career’s second-best offensive season as well.

Lakers suffered massively in all that, so much so that the 2020-21 season in which they got knocked out at the hands of the Suns in the first round of the Playoffs looks much more successful than this one. And if we bring in the revenue aspects into the picture, last season wasn’t a failure at all.

Also read: “Nephew out here snatching the screws at the rim, Jesus Christ”: Kendrick Perkins and LeBron James react to Bronny’s tomahawk dunk

 

Jeanie Buss didn’t find it worth going over luxury tax in 2021-22 to assemble the best team for LeBron James when the Lakers were by far the best revenue-generating team of 2020-21.

Thanks to an NBA Redditor we came across the data from last year, which revealed how much all the NBA franchises made in the 2020-21 season. You would be surprised to know how much the then reigning NBA champions made despite a down season due to the injuries to LeBron and AD throughout the season.

On average, NBA franchises made $232.5 million in revenue. Meanwhile, the Purple and Gold Los Angeles team made $149 million with just a local TV contract.

The total revenue generated by the Lakers was a staggering $316 million, eighteen more than the second-placed Knicks (Surprise-surprise!) and $58 million more than the Warriors.

It seems odd for Jeanie Buss to save money on luxury tax when her franchise earns around $84 million more than an average club in the league. Letting Alex Caruso walk, who was just asking for $3 million/year more than their offer? Yikes.

Aso read: “Role player? You were rolling through cities, Shaq!” : When Charles Barkley had no chill roasting Shaquille O’Neal on Inside the NBA

 

 

Post Edited By: Akash Murty
Alex Caruso Jeanie Buss LA Lakers LeBron James NBA revenue

About the author

Akash Murty

An Electrical and Electronics Engineer by degree, Akash Murty is an NBA Editor at The SportsRush. Previously a Software Engineer, Murty couldn’t keep himself away from sports, and his knack for writing and putting his opinion forward brought him to the TSR. A big Soccer enthusiast, his interest in basketball developed late, as he got access to a hoop for the first time at 17. Following this, he started watching basketball at the 2012 Olympics, which transitioned to NBA, and he became a fan of the game as he watched LeBron James dominate the league. Him being an avid learner of the game and ritually following the league for around a decade, he now writes articles ranging from throwbacks, and live game reports, to gossip. LA Lakers are his favourite basketball team, while Chelsea has his heart in football. He also likes travelling, reading fiction, and sometimes cooking.

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