Shockingly, the Memphis Grizzlies are Profitable

by August 07, 2009

Not only do they still have scouts, but the Grizz are reportedly making a nice chunk of change from their woeful operation: “For that [team owner Michael Heisley] is unapologetic, especially given several other owners have privately sought his advice. ‘We’re definitely in the top third of the teams in the league (in terms of the bottom line),’ Heisley said. ‘It’s because we’ve watched our expenses and we have the support of a good, hard-core group of people. We’re going to survive no matter what. But we cannot compete salary-wise with places like Los Angeles and Cleveland. Some of my worst financial losses came during those (playoff) years. You can’t sustain that.'”