“Teams have benefitted from the NBA’s $24 billion TV contract with TNT and ESPN, which kicked off with the 2016-17 season, as well as the collective bargaining agreement reducing the share of revenue players receive.”. In this section, you’ll find the latest Forbes press releases and news announcements. Total NBA revenue hit $8 billion last season. If it dips, teams could face a hefty luxury tax and less money to spend during free agency. Each NBA team received more than $110 million last season from equally-shared revenue like national media, sponsorships, licensing and international streams. Kevin Durant says obsession over stats and analytics could be the reason, Kirit Somaiya pans Uddhav govt's illegal arrest of Arnab Goswami; highlights court events, BJP MLA demands Maharashtra CM & HM's resignation as court denies police custody of Arnab, Three blistering observations by Alibag court as it denied police custody of Arnab Goswami, NBA revenue experiences a 10% dip to $8.3 BILLION after 2019-20 season: Report, LeBron James, other star players think December 22 tip-off for NBA 2020-21 season is too soon, NBA salary cap to take a $3M to $12M hit due to COVID-19, cap could remain at $109M, NBA aims to start the NBA 2020-21 season before Christmas; wrap it up before the '21 Olympics, Donald Trump takes another shot at NBA, highlights poor NBA Finals viewership on Twitter.
The union is having its own internal discussion with its membership about what kind of escrow system is fairest to the full body of players.
The 2019-20 season losses are slight in comparison to what awaits the NBA in 2020-21 if the season advances without fans and accompanying gate-night receipts, the league told teams -- a projected 40% loss in overall revenue, or approximately $4 billion. 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. NBA Salary Cap History. While the league lost most of their money gate receipts, their loss from the China partnership also affected the final amount. So teams and their owners can expect a significant loss because of it.
If the tax stays flat at $132.7M, FA and the trade market essentially will become frozen.
LAK: The currency abbreviation or currency symbol for the Lao kip (LAK), the currency of Laos. NEW YORK (February 6, 2019) – Forbes today announced its annual valuations of the National Basketball Association’s 30 teams. - $200M "net negative impact" from China partnership
However, like MLB, the league could opt for a bubble environment for the playoffs next year. The NBA is anxious to get its calendar back on track for the start of the 2021-22 season, and delaying the start of the 2020-21 season until mid-January would make it difficult to do that. ESPN also reported that the NBA and National Basketball Players Association's (NBPA) calculation of this season's salary cap followed a different formula.
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