Yes, the NBA's looking at a big TV payday. That will raise the value of teams like the Brooklyn Nets.
NBA is next up for a big rights increase, and $75 billion is the price, CNBC's Jabari Young wrote 3/22/21:
That's on top of "a $1.5 billion streaming deal with Chinese-based company Tencent Holdings."After the National Football League celebrated its history-making 11-year contract worth more than $100 billion, attention shifted to the NBA’s deal, which runs through the 2024-25 season. Early thinking within league circles suggests the NBA will seek a $75 billion rights package, up from its current $24 billion deal, which pays $2.6 billion per year.
Note that "The NBA declined to comment due to privacy concerns about the financials of its media deals."
I'm not sure that's "privacy concerns" so much as "our policy of commenting publicly when it serves our interests."
More money for the league means more valuable franchises and more revenue sharing. It's all going up.
(Note to readers: don't worry, this is all adding up to something.)
And then there's this from Charles Barkley
ReplyDelete“I was talking to an [NBA] owner who told me in three-to-five years, we will not even need the TV money. That’s how big this thing is going to be,” Charles Barkley said to BasketballNews.com.
https://www.basketballnews.com/stories/americas-new-sports-gambling-hotspot-is-a-starbucks-in-new-jersey
Yup. I was getting to this...
DeleteAs we've noted, BSE has trademarked "Bet on Brooklyn" and "Brooklyn Gaming," the former has been used in marketing the team, the latter has never been used.
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