NBA News NBA News, Match Reports and Updates
The 2024-25 NBA season starts amid an era of change—fresh off a new round of media rights deals, a year removed from a new collective bargaining agreement, with its reigning champion about to go on the market. There are other changes on the horizon, with expansion likely coming and increasing internationalization of the sport inevitable.
Below, the Sportico staff breaks down where the world’s second most valuable sports league stands in six different facets of its business.
More from Sportico.com
The NBA’s financial model began to shift closer to the NFL’s last decade when its TV deal tripled rights fee payments to teams. It will accelerate after this year’s new 11-year, $76 billion agreement, which boosts the average annual payment more than 150%. The financial spread between the top and bottom clubs is shrinking, as league distributions become a greater slice of the overall revenue pie. This transformation and international opportunities that will also be shared are why the “get-in” price for an NBA franchise has doubled over the past four years.
Players share in the growth, as the salary cap is tied to the basketball-related income, which targets a roughly 50-50 split of BRI between owners and players. The cap ticked up only 3.3% this season after back-to-back years of 10% gains. The cap should rise the maximum 10% annually for the foreseeable future, moving over $300 million by the 2032-33 season with contracts worth more than $100 million per year. Steph Curry has the NBA’s top salary this season at $55.8 million.-Kurt Badenhausen
In early July, less than two weeks after the Boston Celtics won their NBA-record 18th title, the Grousbeck family shocked the NBA by announcing they were putting the team up for sale. Patriarch Irving Grousbeck is around 90, and his family decided to liquidate its most valuable asset. They led a group that paid $360 million for the team in 2002; it is now worth more than $5 billion.
Since that announcement, the process has moved forward—albeit slowly. The ownership group hired a pair of banks to run the process, and Sportico’s understanding is that…
Source link : https://finance.yahoo.com/news/2024-25-nba-business-preview-130000518.html
Author : Sportico
Publish date : 2024-10-23 13:00:00
Copyright for syndicated content belongs to the linked Source.
