Nets layoffs point to lean times; with fewer front-office staff, it will be harder to reap sponsorships
So, will team officials Wednesday announce Frank's departure, with one year left on his contract? One reason he might stay, according to the Daily News's Julian Garcia: the team doesn't want to pay him $4.5 million next year not to coach, given losses topping $30 million.
Effort at savings
Al Iannazzone reports on the money factor:
There have been a few waves of layoffs in the Nets' offices. About 10 were let go from midweek on. Also, the Nets won't have a summer league team, per se. They're joining forces with the Sixers for summer league to help split the costs.
And insider NetIncome (aka Bobbo) offers some details I haven't seen elsewhere:
This franchise has a lot bigger problems than the coach. When you fire 10 people, including some very high priced marketing, sales, and sponsorship people, and are looking at an uncertain future in Brooklyn–or new ownership–it signals a real instability in the franchise.
I truly wouldn’t be surprised if next season was the Nets’ last in New Jersey or New York.
NI/Bobbo has supported the Brooklyn move vociferously, contentiously, and sometimes misleadingly, in part because he doesn't think the Nets have a future in New Jersey and doesn't want to lose the team. But this is the first time I've noticed such pessimism.
Indeed, if the Nets are firing people working on sponsorships, that's going to make it harder to a sign those additional sponsors they need for the increasingly-distant Barclays Center.