NBA signs television deal worth $930 million annually
The National Basketball Association reached a new nine-year, $24 billion television and media rights deal with ESPN and TNT,ESPN and Turner Sports announced Monday. TheNew York Times' Rich Sandomirreportedthe new agreement on Sunday evening. The new deal will be worth nearly three times as much...
The average NBA franchise value is up 16% to $3 billion, and three teams—the Warriors, Knicks and Lakers—are worth more than $6 billion.
Basically, the NBA's salary cap is tied to basketball-related income. The TV deal is a part of that -- the league will get $2.66 billion a year from TV instead of $930 million -- meaning the salary cap will go up significantly. As a 10-year player worthy of a max contract, James...
TV viewership will be essential for Silver's league as it returns to a standard 82-game format. The NBA watched the NFL capture an eleven-year deal worth more than $100 billion deal last summer. The NHL increased its rights, too, thanks to NBA partners ESPN andAT&T's WarnerMedia. ...
Although nothing is for sure, that idea was worth hundreds of millions of dollars to the NBA in this deal. But also of tremendous value was the business landscape at large. In the past two years, Fox has stepped up its game with Fox Sports 1, and so has NBC Sports with its own netw...
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The National Basketball Association is widely expected to renew its current TV-rights deals with Walt Disney’s ESPN and Time Warner’s Turner Broadcasting, according to a person familiar with the situation. The deals, which Sports Business Journal reported in September are likely to be worth ...
Drawing interest domestically and abroad, the NBA has seen its popularity and revenue streams rapidly increase over the past few years. With a TV deal valued at $24 billion, a $1 billion Nike deal, an increasing number of corporate sponsors, rapid international growth, and an average NBA team...