/MediaBox [0 0 595.2 841.919] /Resources << /F4 100 0 R /FontDescriptor 58 0 R /Im0 64 0 R /F3 67 0 R 2023 CNBC LLC. /Resources << /F5 70 0 R /Resources << In 2022, the NBA's 30 teams generated $10 billion in revenue which was up 35% from 2018. /F0 63 0 R endobj /Parent 5 0 R The Jazz are followed by the Knicks ($71 million) and the Lakers ($63 million). The NBA opens with the defending champion Milwaukee Bucks playing the Brooklyn Nets on TNT on Tuesday. Licensing Revenue: What it is and How it Works, Lottery: Overview, History, Advantages and Disadvantages, Monetize: What It Means, How It Works, Types, and Examples, What's Black Friday? /MediaBox [0 0 595.2 841.919] /Font << /F2 76 0 R IP Google, , , . The operating income of the league dropped by 11% in 2020. /F1 62 0 R . /Font << >> >> /ExtGState << Only 4 NBA teams earn close to $100 annually from local broadcasters. >> If you do not allow these cookies we will not know when you have visited our site, and will not be able to monitor its performance. 12 0 obj >> /Font << NBA league & teams sponsorship revenue 2010-2022 National Basketball Association sponsorship revenue from 2010 to 2022 (in million U.S. dollars) Average operating income of National Basketball. He was also appointed Vice President of Investor Relations in 2019. /Im0 108 0 R This includes salaries of coaches, basketball operations staff, medical staff. /Parent 5 0 R >> The NBA's big trade last season involved Harden. 2020-12-04T17:09:05 >> 23 0 obj >> /LastChar 255 /F0 63 0 R /Type /Page << NBA revenue slipped from $8.8 billion in 2018-19 to $8.3 billion for the 2019-20 season. This deal is a 245% increase in annual revenue compared to the previous deal with Addidas, worth $51 million annually. /Contents 68 0 R When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. /F0 63 0 R /F4 92 0 R /Contents 78 0 R In June 2015, the NBA ended its long-standing partnership with Adidas and signed an eight-year, $1 billion contract withNike(NKE). Mr. /F0 63 0 R The names of MLB, NBA, WNBA, NFL, MLS, NWSL, and NHL players 1950 - 2019, measuring the rate of hyphenated names. >> Ben Simmons #25 of the Philadelphia 76ers handles the ball against the Atlanta Hawks during Round 2, Game 7 of the Eastern Conference Playoffs on June 20, 2021 at Wells Fargo Center in Philadelphia, Pennsylvania. Some teams own a plane; especially budget-conscious franchises pay into the leaguewide charter program with Delta. << /Font << >> These cookies may be set through our site by our advertising partners. Filling in that gap, local TV contracts can gross between $9.4 million and $149 million annually per team (as of 2017). /Parent 5 0 R endobj /ModDate (D:20201207141754Z) /Parent 5 0 R Earnings before interest, taxes . /Resources << /MediaBox [0 0 595.2 841.919] Other teams take in less than $40 million in local television. /F1 62 0 R Team revenues linked to local TV media deals would suffer and exposure would drop, creating a sort of downward spiral. Winningest Cities in Sports. >> /F2 76 0 R Local media deals vary wildly. The 2018 series, between the Warriors and Cleveland Cavaliers (where James then played) averaged 17.6 million in four games, and the five-game series in 2017 between the same two teams averaged 20.4 million viewers. >> These include white papers, government data, original reporting, and interviews with industry experts. /AcroForm 3 0 R /F1 62 0 R /Font << /Type /Page >> /Contents 129 0 R /ExtGState << /XObject << /F1 62 0 R endobj Despite the noise around lower TV ratings and business problems in China, NBA franchise values continue to soar and are up 14%, compared to an 11% increase for NFL teams and 8% in Major League Baseball, said Forbes senior editor Kurt Badenhausen. /Pages 5 0 R >> Teams may or may not put G League costs ($3 million$5 million) in this line item. /ExtGState << /Contents 133 0 R During the 2020/21 season, the NBA generated $1.46 billion in revenue from sponsorships. /MediaBox [0 0 595.2 841.919] Black Friday takes place the day after Thanksgiving, is full of big discounts, and is considered the beginning of the holiday shopping season. 38 0 obj 14 0 obj /F2 76 0 R >> /Font << /Parent 5 0 R But Clippers owner Steve Ballmer didn't seem worried about the state of cable TV when he spoke to CNBC last month. This marks a significant increase on the figure from the 2020/21 season, which stood at. /F3 67 0 R The NBA doubts an All-Star Game and All-Star Weekend -- set for Indianapolis in February -- make sense and may use an extended midseason break to offer rest for players, or to make up games that might be lost due to the virus. /F3 67 0 R 28 0 obj "History. Compare how recession-proof Los Angeles Lakers is relative to the industry overall. >> 2 with an enterprise value of $4.7 billion, knocking the $4.6 billion Lakers to third. But the league's biggest event is the NBA Finals, and the last two years' results were way down. Every season had positive growth. /Descent -212 This graph depicts the average operating income per franchise in the National Basketball Association from the 2001/02 season to the 2021/22 season. /ExtGState << << << /Type /Page >> /StemV 0 /F2 76 0 R 48 0 obj The average ticket price in the NBA was $78.7 for the 2020/21 season. >> /Type /Page The National Basketball Association has a reputation for being the most innovative of the major professional North American sports leagues, earning money from a combination of sources, including television rights, merchandising, and ticket sales. 9. /F3 67 0 R /Parent 5 0 R Some own their arenas; others leaseand those terms are hardly uniform. /ItalicAngle 0 /Parent 5 0 R >> /F4 70 0 R 10. 556 556 556 556 556 556 556 549 611 556 556 556 556 500 556 500] >> /Font << /GS0 132 0 R /ExtGState << /ExtGState << >> /F1 62 0 R /Producer (PDF-XChange Printer V6 \(6.0 build 322.6\) [Windows 10 Enterprise x64 \(Build 16299\)]) /F0 63 0 R If Morey tries to stick with a similar formula for Simmons, it could be hard for the 76ers to find a taker. >> NCBA Unit Trust Funds Annual Reports and Financial Statements 2019 pdf 5 MB. /Type /Page /F1 62 0 R /F2 76 0 R Get this delivered to your inbox, and more info about our products and services. >> But some players, including Nets star guard Kyrie Irving, are against mandating the vaccination. "The NBA is flexing its muscle and has to support mandates for the greater good because that's really what we're talking about here.". << Still, some franchises carry no debt. "NBA Rosters Feature 108 International Players in 2019-20. But how do these franchises spend their revenue? >> /F3 67 0 R When asked by CNBC on Monday if NBA games would return on CCTV this season, Silver said: "It's unclear whether we'll be back on CCTV this year. /MediaBox [0 0 595.2 841.919] /F4 70 0 R /Type /Page /Resources << The NBA was first to stop play when Covid hit in March 2020. >> /GS0 103 0 R The NBA watched the NFL capture an eleven-year deal worth more than $100 billion deal last summer. >> This is a BETA experience. /Font << << >> %PDF-1.4 /Parent 5 0 R A lottery is a low-odds game of chance or process in which winners are decided by a random drawing. Since 2017, the NBA allowed teams to have brand logos on their jerseys. Impact of Covid-19 pandemic on NBA revenue. Got a confidential news tip? /x2 115 0 R 57 0 R] << >> Los Angeles Lakers hold the largest local TV contract, earning $149 million annually. /F1 62 0 R Houston Rockets have a 20-year, $1.37 billion deal that nets them $66.7 million per year. >> /F2 76 0 R /Type /Page /XObject << /GS0 148 0 R >> /F0 63 0 R << NBA League Financials | Spotrac NBA Salary Cap History A look at the history of the NBA's salary cap, luxury tax, minimum & maximum salaries, & exceptons. This past summer, the NBA raised the debt limit to $325 million per team. >> Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. /F4 70 0 R /F1 62 0 R /LastChar 255 Golden State Warriors faced the largest drop in revenue in 2021 with 46%. /F0 63 0 R >> From player salaries to practice facilities to shelling out money for planes, hotels, food and beverages, the way NBA teams spend their revenue varies greatly among franchises. /XObject << /Type /Page >> Over the last 11 years, 12 NBA teams didn't have one year with negative operating income. /GS0 130 0 R The NBA makes money primarily through television, merchandising, sponsorships, and tickets. /GS0 163 0 R The NBA has a licensing deal with Dapper Labs for its NFTs of video highlights. There were 10 Sign-and-Trade contracts: Kyle Lowry, Spencer Dinwiddie, Devonte' Graham, Daniel Theis, Lonzo Ball, Doug McDermott, Garrett Temple, DeMar DeRozan, Evan Fournier, Lauri Markkanen. In 2007, the NBA extended its deal with ESPN, ABC, and Turner Sports, worth $7.4 billion over 8 years. /GS1 151 0 R , Jan 3, 2023. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. >> /Type /Page This deal generated $660 million in annual revenue for the NBA. 36 0 obj For the financial year ended 31 December 2019 The chairperson presents his statement for the period. /ProcSet [/PDF /Text /ImageC /ImageB /ImageI] >> /Resources << /F0 63 0 R Due to varying update cycles, statistics can display more up-to-date From the 2002/03 to 2007/08 season, the NBA was generating $766 million annually from national broadcasting rights. When it came to the NBA's international business, Silver walked a very safe line. 556 556 333 500 278 556 500 722 500 500 500 334 260 334 584 350 56 0 obj 556 556 556 556 556 556 556 556 556 556 278 278 584 584 584 556 /Font << ),Ym h!y" 0X R-
eOQVq aX~~\m9wizWka?wOR|N),_HpB,e0`4-. /Parent 5 0 R /GS0 110 0 R /Font << uuid:41840611-3dd0-426a-9948-7ba05b9a3599 Publicly, the 76ers claim they want to retain Simmons and repair a damaged relationship. /Contents 117 0 R /Contents 176 0 R /Font << /F1 62 0 R /Type /Page 60 0 obj endobj 47 0 obj /Subtype /TrueType /F2 76 0 R /F4 92 0 R The early success led the NBA to extend the program in early 2019. /Type /FontDescriptor /GS0 157 0 R 722 722 778 778 778 778 778 584 778 722 722 722 722 667 667 611 The details of the expenditure are set out in Notes 9 and 10 at pages 8 to11 of the FS. >> /MediaBox [0 0 595.2 841.919] /Resources << How much does the weight vary across different running shoe sizes? /MediaBox [0 0 595.2 841.919] << >> /F0 62 0 R 39 0 obj /F0 63 0 R The NBA revenue dropped 10% in 2020 as a consequence of the Coronavirus outbreak. /ExtGState << /ExtGState << /Contents 174 0 R >> Email: [emailprotected]. /MediaBox [0 0 595.2 841.919] The deal is worth $9.3 annually on average, though varies significantly from team to team. >> /Contents 143 0 R /F3 70 0 R Although it has been largely a success with controlling any major coronavirus breakouts, teams and the NBA are expected to take a significant revenue hit in 2020 and 2021. << The 20-year contract between the Lakers and Time Warner Cable (now Charter) that included the launch of two new regional sports networksone English and one Spanish-languageaverages $200 million a year. The Lost Angeles Lakers and Golden State Warriors have the most expensive tickets in the NBA, with the average price going to $150. >> The NBA's rift with China started in October 2019 after Morey made political comments on Twitter in support of protests in Hong Kong. /F1 62 0 R << >> TEAM NON-STAFF COSTS Teams estimate spending between $3.3 million and $3.5 million. Even discounting that sale, the remaining prices show that NBA owners and prospective owners clearly expect revenues to augment even further in the next few years. /GS0 118 0 R /Parent 5 0 R >> Teams estimate spending between $3.3 million and $3.5 million for charter aviation during the season, excluding catering and subject to fuel price fluctuations. /MediaBox [0 0 595.2 841.919] /GS1 104 0 R /Type /Pages /F1 62 0 R /ExtGState << Corporate deals with companies including State Farm, Microsoft, Verizon, and expanded business with Google should align the NBA to pass its record $1.46 billion in sponsorship money. /Font << /F3 67 0 R /F3 67 0 R Clicking on the following button will update the content below. We also use third-party cookies that help us analyze and understand how you use this website. Teams spending less must distribute the difference pro rata among the players on the roster on the last day of the season. /F3 67 0 R /GS0 140 0 R That guess was based on the fact NBA games are allowed to stream in China. >> The NBA is also the first to consciously develop its most marketable players into global media superstars, which has boosted popularity for the league overseas. >> /F3 67 0 R >> << Call centre: +357 22881800 ESB Interim Financial Report 2019; ESB Investor Presentation - September 2019; Investor Updates. /MediaBox [0 0 595.2 841.919] /MediaBox [0 0 595.2 841.919] Details and information are projected on a screen during the announcement of the The NBA-backed Basketball Africa League (BAL) at the Museum of Black Civilisations in Dakar, on July 30 2019. endobj The offers that appear in this table are from partnerships from which Investopedia receives compensation. >> Covid is still around, but audiences are back in arenas, which is good news for attendance revenue, and Silver told attendees the NBA expects to make $10 billion for its 75th anniversary. /F4 70 0 R /Resources << endobj endobj You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. /F3 67 0 R /Type /Page /StemV 0 The league lost $800 from ticket sales and $400 from sponsorships and merchandise. /Type /Page /Resources << But opting out of some of these cookies may affect your browsing experience. Brand12 $211M. /Font << /Resources << Skip to main content Main Menu. /F2 76 0 R endobj Operating income is earnings before interest, taxes, depreciation and amortization. endobj /Type /Page Share of NBA team presidents 2010-2022, by ethnicity U.S. consumers' opinions on customer service by small businesses 2012 U.S. product shipment value of canned catsup 2002-2016 /Filter [/FlateDecode] /Parent 5 0 R /GS0 180 0 R Licensing revenue is income earned by a company for allowing its copyrighted or patented material to be used by another company. /F3 70 0 R Will the players change, and companies like Amazon, Apple, and the streaming guys what to come into the game, as opposed to just the ESPN and Turner? The NBA generated $46.41 million in ticket sales during the 2020/21 campaign. /F1 62 0 R /Metadata 4 0 R /GS1 125 0 R Some of the advertisers include General Electric, Walt Disney Company, and Rakuten, which is a Japanese e-commerce company. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. /Contents 112 0 R /Resources << They are followed by the Warriors with -$44 million. /GS0 87 0 R The NBA is open to the idea of regional pods and intraconference scheduling to lessen team travel and exposure to the coronavirus, sources said.
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