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NBA BUSINESS NEWS STORIES
The $1-billion arena the Clippers want to build in Inglewood overcame another obstacle Wednesday when a judge ruled it did not violate the state’s Surplus Land Act. Uplift Inglewood, a community group that advocates for affordable housing, alleged in a lawsuit filed last year that the exclusive negotiating agreement between Inglewood and a Clippers-controlled company breached the act requiring public agencies to give first preference to using extra land for housing, recreation and schools. -- LA Times, Nov. 6, 2019
TD Bank, a New Jersey-based banking and financial services company, has had serious discussions with Miami-Dade County about acquiring naming rights to the Miami Heat’s bayfront arena, according to three non-basketball sources briefed on the situation. One source called TD Bank the front-runner, but another cautioned that even though TD Bank is pursuing rights, other companies also remain in the mix to replace American Airlines as the naming rights sponsor for the 19,600-seat facility. -- Miami Herald, Nov. 3, 2019
Michael Jordan has agreed to sell a large piece of the Charlotte Hornets to two New York-based investors, a sale expected to close in the next few weeks that was first reported by the Observer. A source familiar with the deal said it does not involve the former NBA Most Valuable Player giving up majority ownership of the NBA franchise. Jordan controls about 97 percent of Hornets equity, two sources confirmed. -- Charlotte Observer, Sept. 14, 2019
Los Angeles Lakers star LeBron James' attempt to trademark the term "Taco Tuesday" has been denied, but according to James' team, he still accomplished the outcome he wanted from the application in the first place. The U.S. Patent and Trademark Office on Wednesday refused the application filed by James' company LBJ Trademarks, explaining that "Taco Tuesday" is "a commonplace term." -- ESPN.com, September 12, 2019
LeBron James wants a little lettuce on his Taco Tuesday. The Los Angeles Lakers superstar is looking to monetize his popular videos by filing to trademark the term "Taco Tuesday." -- ESPN.com, September 1, 2019
Mikhail Prokhorov is in talks with multiple suitors to sell the Brooklyn Nets — and he’s pushing for an eye-popping price tag. The Russian billionaire is demanding a valuation of around $2 billion for his money-losing NBA team — near the record-setting $2.2 billion price that the Houston Rockets fetched earlier this month, sources told The Post. -- NY Post, Oct. 15, 2017
In recent days, prospective bidders have been pushing Prokorov to sell control of the team immediately, versus his recent pitch to sell an initial minority stake along with the right to take control in three years, insiders said. “They’re asking, but I don’t think he’s giving in,” one source close to the talks said of Prokhorov. -- NY Post, Oct. 15, 2017
The NBA only allows owners to borrow $250 million against their team, so a buyer would need to come up with at least $1.75 billion in cash to acquire the Nets. -- NY Post, Oct. 15, 2017
Prokhorov has lately been offering a 49-percent stake with the right to purchase the rest of the team in three years at a valuation that will increase at a set percentage per year for the three years, sources said. -- NY Post, Oct. 15, 2017
Here’s the dilemma: Embiid’s contract probably won’t get insured in the league’s temporary total disability program, in which each NBA team must insure at least their five highest-paid players based on the current season’s salary or total remaining contract. The insurance company would pay 80 percent of the remaining salary after a player misses 41 games. It would also pay 80 percent up to six seasons if the player doesn’t return to action. -- Philadelphia Inquirer, Sept. 25, 2017
For the last seven seasons, per Byrnes, the Thunder has had a season-ticket renewal rate between 94 to 96 percent. Following Durant's departure to Golden State in free agency in the summer of 2016, it remained at 96 percent and is at 94 percent going into this season. Even with that number slightly lower than last summer, there is immediate success in re-selling season-ticket packages due to the abundance of fans on the season-ticket waiting list. Most NBA teams average renewal percentages in the mid-80's. -- Oklahoman, August 20, 2017
According to sportsbusinessdaily.com, the NBA set an attendance record for the third-consecutive season with an average of 17,884 fans per game. The Thunder was one of 14 teams to have either no gain or an increase in average attendance. In comparison, Houston improved 14 games in the win column from the previous season, but reported an average attendance decrease of 5.6 percent, the biggest drop in the league. -- Oklahoman, August 20, 2017
OLDER NBA BASKETBALL BUSINESS NEWS STORIES
July 22, 2012: The new labor agreement changed the rules on players signing extensions before free agency. It made it wiser for players to wait to become free agents because they can sign longer, more lucrative deals. (So much for helping teams keep their stars.) -- Terry Pluto, Cleveland Plain Dealer
July 20, 2012: The BMO Harris Bradley Center board of directors and the Milwaukee Bucks have been discussing a new six-year lease that, if approved by the National Basketball Association, will provide stability for both sides as discussion continues over the possibility of a new, multi-purpose arena. Details of the lease were not released. Information on an extended lease came from the minutes of the BMO Harris Bradley Center's March meeting, which were released this week. If approved by the NBA, a six-year lease would be, by far, the longest lease the two sides have had in years. In general, the Bucks and the BMO Harris Bradley Center have gone year-to-year on leases. -- Milwaukee Journal Sentinel
July 19, 2012: The NBA Board of Governors approved a new look for uniforms and a couple of changes in the use of video replay. Commissioner David Stern met with the media Thursday after the Board of Governors held their annual summer meeting. He said the league is looking to add possibly $100 million in revenue by permitting small advertising patches on uniforms starting in the 2013-14 season. "The view is, that the teams would need a significant time; one, to sell the patch; and number two, for Adidas to manufacture the uniforms, because the patch that would be on the players' uniforms would also appear on the jerseys at retail," said Deputy Commissioner Adam Silver, who is handling the uniform change. -- Fort Worth Star-Telegram
OLDER NBA BUSINESS STORIES
July 31, 2011: ON KINGS POSSIBLY MOVING TO ANAHEIM, STILL
. There is no choice, given the March 1 deadline imposed by the NBA on Sacramento to put a financing plan in place or risk losing the Kings. Let's not forget that the Kings owners, the Maloof family, would have moved the franchise to Anaheim had the NBA not stopped them.
. Chief among them, the Anaheim deal would have required the Maloofs to make lease payments equal to 7.5 percent of all season tickets and single-game tickets sold to their games.
, billionaire Henry Samueli. That's a significant commitment. The onus remains on Sacramento to figure out how to marshal a variety of revenue streams to pay for a $387 million arena in the downtown railyard.
April 27, 2011: NBA lockout issues
SI.com reports: The NBA, however, wants substantial concessions from the players. If substantial progress has not been made on a new agreement by June 30, the league is poised to halt operations -- that is, to impose a lockout. The NBA would be motivated to start the lockout on July 1 because, while the timing of payments on players' contracts varies widely, some players are paid in the offseason. If locked out, those players would not be paid, thereby saving teams money. Reducing staff and limiting business operations would also help teams cut costs.
SI.com reports: Foremost, the NBA demands a reduction in the percent of Basketball Related Income (BRI) that is paid to players in salaries and other compensation under the collective bargaining agreement. Currently, 57 percent of BRI is paid to players; the NBA reportedly wants players to receive 45 percent. The NBA also seeks a hard salary cap, which would prevent high-spending teams from substantially exceeding the cap through payment of a luxury tax, and fewer guaranteed contracts, which would enable teams to cut disappointing players without an obligation to pay them the remainder of their salaries. These changes would reportedly result in a reduction of NBA salaries by about 30 percent.
SI.com reports: The NBPA does not believe the NBA is losing as much money as it says it is. The union also attributes teams' economic woes primarily to a lack of sharing among big-market and small-market teams -- if teams shared local television revenue, which varies considerably by team, fewer would be in financial trouble, the union claims.
May 26, 2010
The New York Times blog reports: The revenue generated by a single playoff game varies widely, depending on the playoff round and the city in which the game is played. One playoff game can take in as little as $500,000 or as much as $2.5 million, according to one league executive, who also noted that “Milwaukee couldn’t charge as much for a Finals game as the Lakers charge in the regular season.”
March 24, 2010
about the changes. Thomas' eventual exit was a foregone conclusion, though until recently, the plan was to let him finish out his contract next year and then let him go elsewhere.
. And don't underestimate Colleen Maloof's influence. The frustrated/angry/troubled look on her face during games in near-empty Arco Arena last spring was priceless. These past few years, she would often vent to me in the corridors during halftimes, and in what might come as a shock to Kings fans, complained that tickets were too high for an average family to afford. Especially given the product. When the Maloofs re-evaluated their marketing practices and decided to become much more involved, their longtime friend and consultant Kevin Kaplan was enlisted to help.
March 4, 2010
LeBron James is changing his number next year from 23 to 6. . In the NBA, unlike the NFL, the money made from jersey sales and other licensed products has been shared equally since the 1995 group licensing agreement was put together by the union.
When Bob Johnson sold the Charlotte Bobcats to Michael Jordan, he lost around $125 million dollars. According to Michael Ozanian, a National Editor at Forbes Magazine, "."
February 27, 2010
A member of the Maloof family, owners of the Sacramento Kings, confirmed Friday that they sat down with creditors to renegotiate a major loan for their hotel and casino in Las Vegas. . Maloof characterized the debt restructuring as a typical move during tough times afflicting many in the gambling business.
A report on debtwire.com this week citing . Maloof said private-company loan discussions are covered by confidentiality agreements, and indicated his family plans to continue to own and operate its showpiece hotel and casino.
January 22, 2010
. Two leading brokerage dealers are Goldman Sachs and Smith Barney of New York, who've brokered several professional sports deals. Using a sports broker is one of three options she has when selling the team, according to experts in sports negotiations and brokerage firm representatives.
with the Pistons' play in decline. They won the 2004 championship and advanced to six straight Eastern Conference finals from 2002-08. But the core of those teams is slowly being disbanded, with only Tayshaun Prince and Richard Hamilton the primary holdovers. The Pistons are 15-26 this season and 11th in the Eastern Conference. They'd miss the playoffs if the regular season ended today. Bernacchi predicts the Pistons' value will be considerably less next year because of several factors, one of which is the team's recent lackluster ticket sales. The Pistons' 259 straight sellout streak ended last season, and they are not expected to earn a profit this season.
. The line of credit could push that figure to $250 million, and the potential buyer would then need to find limited partners to make up the difference. The NBA has to approve the financial agreement and conduct background checks. Plus, the new ownership group would need two-thirds approval from the league's Board of Governors.
December 9, 2009
NBA attendance is down -- CBS Sports report: Average paid attendance is down 3.7 percent in the NBA through the first quarter of the regular season, sending gate receipts plummeting 7.4 percent, according to league documents obtained by CBSSports.com. Net gate receipts, the money teams make from ticket sales, fell to an average of $828,985 per game, down from $894,823 at the same point last season. Only nine teams were up or flat in average net gate receipts through Nov. 29, while 21 teams saw a decline. The numbers are important because they reflect how even teams with relatively healthy paid attendance – such as the Mavericks, who are averaging 15,373 – are suffering due to pricing pressure from the recession. Dallas’ paid attendance is down 8.2 percent, but its gate receipts are down 15.9 percent.
December 24, 2009
. Everyone still expects the cap to go down heading into the summer of 2010 when the league will have one of its strongest free agent classes in years, but by how much? ESPN.com has been digging around for preliminary cap projections, and here is what we have uncovered: The Miami Heat are the most conservative in their estimates, basing their planning for next summer's cap at $52 million.
. The league office told teams at the Board of Governors meeting on the eve of the season opener to expect the cap to come in somewhere around the $52 million range, but agents who have been briefed on updated financial receipt figures now are using $54 million as their operating number.
December 8, 2009
. Joe and George Maloof said Monday the family is selling the Joe G. Maloof Co. beer distributing business for an undisclosed sum. The purchaser is a wholesaler in Wyoming. The sale follows the recent shutdown of the Monarchs WNBA franchise and, earlier this year, payroll reductions throughout the Maloof organization. Joe Maloof and his mother, Colleen, have sold multimillion-dollar 十大玩彩信誉平台s in the Los Angeles area in recent months.
, according to Securities and Exchange Commission filings by minority partner Station Casinos Inc. The Maloofs have said Station's figures woefully underestimate the true value of the Palms, which they say has held its own despite the rough economy. As for the beer business, an industry consultant said wholesalers are feeling the impact of the recession like most other businesses.
August 19, 2009:
. While prices have yet to be released, a list has been obtained that shows how the team plans to break down its 41-game 十大玩彩信誉平台 schedule, which opens with what the team terms a "Hotter" game on Wednesday's Oct. 28 against the New York Knicks.
, while the 'Hottest' games will be premium priced." There are 15 games designated as "Hot," 19 designated at "Hotter" and seven as "Hottest."
August 10, 2009:
. 4) Phoenix: $53.7 million. 5) Chicago: $51.6 million. 6) Cleveland: $50.5 million. 7) Golden St. : $50.4 million. 8) Dallas: $49.5 million
9) Toronto: $46.4 million. 10) Oklahoma City: $46.0 million.
. 4) Phoenix: 11,945. 5) Golden State: 11,801.
and was 11th in overall attendance (18,704). But "packing the Ford Center” is misleading.
According to NBA turnstile counts published recently on CBSSports.com, . That’s one area the Thunder should improve.
. Before anyone overreacts, all teams have thousands of no-shows. The Los Angeles Lakers led the league with 92.2 percent of seats filled. Only three other teams (Cleveland Cavaliers, Golden State Warriors and Boston Celtics) averaged 90 percent or better. Oklahoma City was 77.4 percent.
. Atlanta handed out a league-high 5,616 complimentary tickets, a strategy most teams use, hoping fans will spend money on food, souvenirs and parking.
Oklahoma City team chairman Clay Bennett and his ownership group flourished where it counted most — money generated. , an average of $1.12 million per game.
, the Los Angeles Clippers ($6.8 million) and Miami ($5.3 million).
July 8, 2009
According to an NBA memo obtained by ESPN, , meaning any team that spends over that level will have to pay a dollar-for-dollar tax. And the memo suggests further erosion of revenues for 2010-11, with the cap estimated between $50.4 million and $53.6 million, with a luxury-tax threshold of $61.2 million. What does all that mean? Less money to spend on free agents, and since franchises already have the advantage in signing their own free agents — with longer contracts — the news should play well into the Thunder’s plans.
July 4, 2009
. (He took control of the franchise in January 1995.) In fact, one knowledgeable source said it’s “highly likely” that Cohan will sell most or all of his controlling interest in the team, possibly pulling back only if the current recession unexpectedly continues through 2011 and Cohan can’t get the price he wants. The sources did not give specific reasons for Cohan’s potential sell-off, and all of them noted that Cohan has spoiled soon-to-sell speculation several times in the past.
and another theorized that Cohan has wearied of the criticism he receives for the team’s run of disappointment, which includes 1 playoff season and 14 seasons in which the team did not reach the postseason.
The reviving of the Cohan question only adds further emphasis to that has large salary commitments through the next four seasons.
June 17, 2009:
. In addition, the company's website had its best sales day ever, eclipsing the previous high by 650%. Ryan declined to discuss exact sales numbers. There wasn't a trace of financial distress on customer faces at the Team LA Staples Center location. Fans lined the aisles, perusing pins, balls, towels -- anything with a championship logo.
, said NBA spokeswoman Kristin Conte, who didn't give sales figures. The biggest sellers were T-shirts, hats and a replica of a towel draped over Kobe Bryant's shoulder during a postgame interview. Some fans were having trouble ignoring the harsh economic times. News that the city would shoulder some of the financial burden for throwing today's $2-million parade brought widespread criticism given the yawning municipal budget deficit.
May 13, 2009:
Reeling from a terrible season for the Kings, . That translates to about a dozen jobs, though the organization wouldn't say if they were full-time workers, part-timers or both.
. The team ranked last in the league in attendance, averaging 12,571, according to ESPN.com. In an effort to revive attendance, the Kings have announced they're dropping season ticket prices for next year.
May 5, 2009:
In the first sign of a thaw in the eight-month-old credit freeze in sports, . Last fall, the NFL and MLB “termed out” of similar loan pools after their lenders would not renew the financings on terms acceptable to the leagues. By terming out, the leagues were then confronted with accelerated principal payments. The NBA, whose old loan pool expires today, now has no such worry.
, which does carry a higher rate than the old one. The previous facility charged teams 75 points over the London Interbank Offered Rate, a floating-rate index. The new rate will be about 100 points (or, 1 percent) higher, a source said.
Nonetheless, the NBA secured a huge win, with all 15 of the lenders that participated in the expiring facility returning for the new deal. Terming out would have meant that by 2011, teams would have had to start paying back some of the loans. . The extension covers $1.1 billion of the credit facility that is structured to come up for renewal every 364 days. The remaining $860 million is longer-term, fixed-rate debt.
May 2, 2009:
making the game the most watched Round One NBA game in cable television history. The game was also cable's No. 1 telecast for the evening in households, total viewers and key adult and male demographics. Comcast SportsNet drew a local 6.35 household rating; approximately 222,000 households for the entire game and scored a 10.3 peak rating during the 9:45 p.m. quarter-hour (approximately 360,000 households). So far through five first-round game telecasts, over 757,000 Chicago TV 十大玩彩信誉平台s have watched the Bulls-Celtics series on CSN.
April 27, 2009:
People in Seattle may be able to hear the sounds of champagne corks popping in Oklahoma City Sunday night. when he moved the NBA team last year.
in the day-to-day operations of the franchise, which is worth $500 million. “I think right now she’s just trying to absorb what it all means,” Wilson said before the Pistons’ season-ending 99-78 loss in Game 4 to the Cleveland Cavaliers. “There was certainly a little bit of knowledge, and obviously you’re a fan and everything like that, but the depth of knowledge and understanding of the business is daunting. “So she’s going to take some time I’m sure before she really inserts herself into anything if she decides to do that.”
While acknowledging the economic downturn has the Spurs “fighting to sell every ticket,” , because we’ve had some great years,” Holt said. In an interview before a recent playoff game, Holt covered a wide range of topics, including efforts by SS&E — the parent company of the Spurs, the American Hockey League’s Rampage and the WNBA’s Silver Stars — to bring another sports franchise to town and also to broaden the company’s footprint in the Austin area.
April 24, 2009: The Milwaukee Journal-Sentinel (Bob Wolfley) reports: Television ratings for National Basketball Association regular-season games were up 9% this season on ABC-TV but remained flat on both ESPN and TNT. The 18 regular-season telecasts on ABC had an average rating of 2.4 this season, compared with a 2.2 average for the 19 games carried on ABC last season. On ESPN this season, the average rating for the 69 games it carried was 1.1, the same as the rating for the 68 games it carried last season. TNT's 53 telecasts also averaged 1.1, the same rating as the previous season when it carried 52 games.
March 11, 2009: Pacers financial problems
. Simon said the Pacers have lost money nine of the past 10 years, including the year the Pacers played in the NBA finals. (Forbes.com offers a different financial picture; see the graphic at left.) Jim Morris, president of Pacers Sports & Entertainment, said the team has lost $200 million total since Simon bought it in 1983. | Fan discussion
. Simon said he did not want to negotiate in public, but it's clear, based on what CIB officials have said, that neither side thinks the team can continue to pay that much.
, he stressed, "It's very important we resolve this in the near future. Very important."
And it's not just the Pacers that Simon is concerned about. . The team has lost "several million dollars," he said, and must double corporate sponsorships and attendance if it is to survive.
March 7, 2009: Basketball salaries
The Minneapolis Star Tribune reports: Nine players started this NBA season with a $20 million salary or more, led by Kevin Garnett's $24.75 million. The New York Knicks' -- the Knicks! -- payroll surpassed $94 million. On the Wolves alone, Brian Cardinal and Jason Collins earn $6.3 and $6.2 million. Wolves owner Glen Taylor last fall became the new NBA Board of Governor's chairman, which means he's the owner most entrusted with the money. "I'm very concerned for pro sports," he said. "I could talk about banks or health care or the media business. I don't think pro sports is protected in any sense."
March 2, 2009: NBA revenues
The Wall Street Journal (Matthew Futterman) reports: In the last two decades, the NBA has exploded in size, popularity and profitability. Revenues have risen to $4 billion from about $400 million in 1989. The value of a top-end NBA franchise grew over that span from less than $100 million to more than $400 million. The average player salary also jumped from $275,000 in 1982-83 to $5.6 million today. In boom times, the league liked to hold up these figures as points of pride. Teams that wanted to build themselves into contenders generally did so by spending large sums of money to acquire a few great players. Orlando, the newest of the league's elite teams, has earned this position largely by committing more than $40 million, about two-thirds of the team's entire payroll, to its four top players.
Feb. 23, 2009
The New York Times (Howard Beck) reports: The nation’s economy is buckling. Too many teams are losing money. League revenue is flat, and the salary cap is about to shrink for only the second time in its history. The N.B.A.’s system is broken, David Falk says, and fixing it will require radical measures that almost guarantee a standoff in 2011, when the collective bargaining agreement expires. “I think it’s going to be very, very extreme,” Falk said, “because I think that the times are extreme.” How extreme? Falk said he believed Stern, the commissioner, would push for a hard salary cap, shorter contracts, a higher age limit on incoming players, elimination of the midlevel cap exception and an overall reduction in the players’ percentage of revenue. And, Falk said, Stern will probably get what he wants.
Feb. 19, 2009: Sacramento Kings team revenue
. And, as always, the Maloofs have plenty of friends. Their fellow owners in Milwaukee, Indianapolis, Memphis, Minneapolis, Charlotte, New Orleans and even large-market Phoenix reportedly are being pummeled by the economy as well. Reacting to the league's fiscal concerns during All-Star Weekend, NBA Commissioner David Stern and Players Association executive director Billy Hunter broached the possibility of reopening and revising the collective bargaining agreement before it expires in 2011.
Feb. 17, 2009: NBA to borrow $175 million
The Sports Business Journal reports: The NBA is set to borrow $175 million Feb. 26, marking one of the first league financings since the implosion of the credit markets last fall. The money, which will be available to 15 teams, supplements an existing $1.7 billion leaguewide credit facility that uses the NBA’s media contracts as collateral to secure loans for the clubs. The NBA surveyed its teams, and 15 responded they would like to tap into the new borrowing. While the league said it is pleased to borrow in an extremely illiquid credit market, the deal came at a cost, with interest rates up to 8.27 percent, hammering 十大玩彩信誉平台 the notion that the era of cheap money in sports is over. The 15 teams can use the money for any purpose, but covering operating losses may be high on the list.
The Sports Business Journal reports: Harvey Benjamin, the NBA’s executive counsel for business and finance, said it’s important not to compare the rates with what the NBA had been paying before the credit market collapse — about 200 to 300 interest points less for similar debt, sources said — but rather, what borrowers of similar standing are paying in today’s environment. In that light, he said, the 8.27 percent the NBA will pay on $100 million of the debt, and the 7.45 percent on the remaining $75 million, is favorable.
The Sports Business Journal reports: Of the NBA’s $1.7 billion facility, $1 billion is from short-term loans that renew annually. This would be the segment that would term out if the league were to go in that direction. The remainder, like the pending deal, consists of private placements.
Jan. 26, 2009
, posting a 7.7 average local cable rating through the first few months of the season. That has helped fuel an overall increase in local regional sports network numbers, as on average, NBA teams have seen their local ratings climb by 11.7 percent, to a 2.4 rating, through Jan. 11,
, whose local ratings are up 214 percent on Cox Sports. It posted a 2.6 rating so far this season, which is up from a 0.8 rating last year.
. It should be noted that the Clippers, given the vast size of the Los Angeles market, draw more household viewers than teams in smaller markets such as the Bobcats. Charlotte is in the first year of its deal with Fox Sports South. Last year, its games were on the Time Warner Cable channel News 14.
Dec. 18, 2008
. Although they are not in dire straits, the Magic and the NBA are taking calculated steps to remain strong. "The money that people spend to watch games is a discretionary item," said Raymond Sauer, a Clemson University economics professor and founder of the Sports Economist blog. "As the NBA knows, things like that get pulled back on in times like this. It's going to be real challenge for them."
-- down 4 percent from the same point a year ago. The league's average ticket price is about $49 per game, according to Team Marketing Research, a firm that analyzes pro-sports-ticket prices.
Dec. 15, 2008
The sinking economy has been felt in even the richest of pocketbooks as Tiger Woods needs a new endorsement ride after Buick bailed out and LeBron James lost his Internet connection with Microsoft. But so far, in addition to his $21.1 million salary from the Rockets this season.
, Newsweek reported. “As far as we go and how the economy has affected us and athlete marketing, it’s really stemmed the tide of future deals more than affected current deals,” said Bob Myers, the marketing representative for McGrady with the Wasserman Media Group. “I do think we’re going to see an impact on deals going forward, the ability to generate new deals in a lot of different marketplaces."
. “Look, nobody’s bigger than Tiger Woods, or LeBron James in basketball,” Myers said. “So if it can affect those guys, I would tell you that nobody is immune. Those are probably the two top athlete endorsers in the U.S.”
Oct. 25, 2008
. James did his part, putting up increasingly impressive numbers with the Cavs and leading them to the most playoff success in franchise history. He was also a captain and key part of Team USA's run to a gold medal, restoring America's basketball image.
said Matt Powell, an analyst at SportsOne Source, which tracks sporting goods sales. "It is the same for jersey sales." The NBA does not release actual numbers, but in its most recent rankings James is just third worldwide in replica jersey sales. In Europe, he ranks fourth. In China信誉彩 -- where James and Nike have focused their efforts with specialized campaigns, including games or promotional tours in each of the past four years -- James ranks fifth. The Celtics' Kevin Garnett and the Los Angeles Lakers' Kobe Bryant rank ahead of him in each list.
. "LeBron lived up to the hype and he was the most-hyped athlete in the history of sports," said CNBC sports business analyst Darren Rovell.
, which ranks him first among active basketball players. Only a few athletes, such as Michael Jordan, Tiger Woods and Phil Mickelson, currently earn more per year.
Oct. 14, 2008
Sports Business Journal (John Lombardo) reports: National Basketball Players Association Executive Director Billy Hunter did not receive a raise from his $2.4 million gross salary during the 12-month period ending June 30, according to the union’s most recent filing with the U.S. Department of Labor. According to the latest LM-2 filing, Hunter’s total salary during the previous reporting period was $2.4 million, the same as in the 12-month period a year earlier. But other top union executives saw their annual salaries rise. NBPA general counsel Gary Hall earned $382,869, up from $361,314 during the reporting period a year earlier. Hall is the second-highest-paid union executive behind Hunter. NBPA associate general counsel Ron Klempner earned $222,375, up from $214,812 during the 12-month reporting period.
August 27, 2008
. The company has decided to channel its national marketing toward the Cleveland Cavaliers, who happen to be owned by Quicken Loans chairman and founder Dan Gilbert. Keep it in the house, right? But Quicken isn't cutting Pistons ties completely. "While Rock Financial is not renewing the presenting sponsorship, we remain a local Pistons sponsor," company spokeswoman Elizabeth Jones said in an e-mail.
. Quicken has decided to focus its marketing efforts toward the NBA team that Gilbert owns, the Cleveland Cavaliers, who happen to play in Quicken Loans Arena, Hauser said. Because the Rock Financial presence is only in Michigan, supporting the Pistons doesn't help parent Quicken Loans highlight its national presence the way sponsoring the Cavaliers will.
. In addition to prominent in-arena advertising, several Pistons players have been featured in Rock's Metro Detroit ads. Sports marketing consultants said the price of the sponsorship was in the $1 million to $3 million range annually. Rock was the team's major sponsor for five years.
June 8, 2008
. That was among the revelations from Bennett's testimony in a 13-hour, 373-page deposition obtained by The Associated Press late Friday night. The deposition was given in advance of the June 16 trial of the city of Seattle's lawsuit, which seeks to have the team play out the remainder of its KeyArena lease.
. Bennett and his co-owners paid $350 million for the team in July 2006. He said his Sonics lost $32 million in the 2007-08 season amid fan apathy, anger and the worst record (20-62) in the franchise's 41-year history in Seattle.
and demands that the team play in KeyArena for the final two years of its lease that ends after the 2009-10 season. "I would think so," Bennett said. "Couldn't get much worse than this year."
Bennett estimated that if Pechman ruled in favour of the Sonics and allowed them to move to Oklahoma City for the 2008-09 season as the league has already approved, the Sonics would make $18.8 million in the those same two seasons. the team would generate $11 million in annual tax revenue there, including from the team's payroll.
May 31, 2008
after a letter signed by Pacers co-owner Herb Simon and seven other small-market teams urged the change. The revenue challenges faced by small-market teams can no longer be ignored, said the letter signed by Simon in late 2006. Though the vote tally was not revealed, Joe Litvin, NBA president of league and basketball operations, said, “This is a subject without true consensus.” Litvin added that most teams “were satisfied, but not happy, with the outcome.”
. Under the old plan, the maximum a team could get was $5 million, though that was rare. “This is an important step in liberalizing the NBA’s revenue-sharing policy, but it won’t solve all the Pacers’—or any team’s—problems,” said Rick Horrow, CEO of Florida-based Horrow Sports Ventures.
, an escrow fund defined by the league’s collective bargaining agreement with players and funds from each of the league’s 30 teams based on the amount of local revenue each team generates. The range of contributed revenue will be $270,000 for low-revenue teams like the Pacers to $1.1 million for high-revenue teams like the N.Y. Knicks.
May 23, 2008
. "I thought the last deal we put together was going to be done in a matter of a few weeks, but it was nine months, I think, or 10 months," Shinn said Wednesday. "And I don't think this will go that long, because our season is coming up, and we've got to know if the state's going to be with us going forward. Because if they go forward with us, it's going to give us some latitude to spend a little bit more money than we normally would. And it would help us get to a championship-caliber team quicker."
, while Forman said the two sides have had conversations and realized as the season ended that now would be the right time to meet. When a new agreement might be reached, however, is still in question.
, and the Hornets have sold an additional 4,000 season tickets for next year. Weber said that "one of our internal goals" is to fill the lower bowl of the arena, which has slightly fewer than 8,000 seats. The team said there are about 850 seats remaining for each game next season.
During and after a news conference, he emphasized his team's status as a small-market franchise with rising costs, including imminent and more lucrative contracts for point guard Chris Paul and coach Byron Scott.
May 17, 2008
. The National Basketball Association team's lease with the Bradley Center expires Sept. 30 and negotiations on a new pact currently are under way, said U.S. Sen. Herb Kohl, who owns the team.
April 16, 2008
. Johnson complained this week that Charlotte's corporate community isn't buying enough of his most expensive club seats and suites, and that he's losing money on the four-year-old NBA team.
. Details of the controversial arena contract suggest that Johnson received one of the best deals in the NBA, but he also is anchored to Charlotte for years.
$70 million if they leave in 2018 or 2019. The team is free to go after 2030, when the city is expected to finish paying for the $265 million Time Warner Cable Arena.
. The Bobcats manage the arena and can keep all potential profits. They also must absorb all losses. The deal puts the team in position to be competitive, said one expert.
. His targets include a who's who of Charlotte's business elite: Ken Thompson of Wachovia, investment banker Nelson Schwab III, Frank Harrison of Coca-Cola Consolidated, Fred Morganthall of Harris Teeter.
April 9, 2008
. Those were the first visible results of two deals announced Tuesday that give Charlotte's NBA team two things it has lacked since its inception: wide TV exposure and a corporate sponsor for the uptown arena.
is available on cable and satellite TV systems across the Piedmont. In return, Time Warner Cable got the naming rights to the arena, which has carried the Bobcats name since opening in 2005. Executives with the Bobcats, Time Warner Cable and Fox Sports Net South all declined to discuss the money and years involved in the deals, saying only that they were "long-term" and "multiyear."
. Brian Kelly, Time Warner Cable's senior vice president of sales and marketing, said the company was "somewhat regretful" that it couldn't complete the deal before those tournaments. "We did everything we could to try and get there for that," Kelly said.
. Lowe's spokeswoman Chris Ahearn said the company doesn't have a formula to measure its return on investment but that the naming rights "really gave us national exposure to a broader audience."
April 7, 2008:
-- two-and-a-half years after it opened. In a deal that has been discussed for months, telecasts of Bobcats games would move to Fox Sports Net, which is available in three times as many Carolinas 十大玩彩信誉平台s as Time Warner's News 14 Carolina channel, the team's current cable TV 十大玩彩信誉平台. Time Warner would get arena naming rights and release the team from its TV contract in a complicated deal.
. Stern has acknowledged he oversaw negotiations from his office in New York. Johnson told the Observer last week that he spoke personally with Dick Parsons, chairman of Time Warner, and with Rupert Murdoch -- chairman and CEO of News Corp., which owns Fox Sports.
-- games also are available on Time Warner in Greensboro and Raleigh -- to 3.8 million households across the Carolinas. Fox Sports Net aired Charlotte Hornets games before the team's move to New Orleans and has aired ACC basketball, Atlanta Hawks NBA games and Atlanta Braves baseball games.
Mar. 6, 2008:
talk to politicians and business leaders in an attempt to get a feel for how the city would hold up as the full-time 十大玩彩信誉平台 of a franchise.
. Oklahoma City hosted a team for two seasons when it served as a temporary 十大玩彩信誉平台 for the New Orleans Hornets after Hurricane Katrina. Now, Mayor Mick Cornett said he’s ready to show that his city can be a permanent 十大玩彩信誉平台 to the NBA.
. Neither Stanton nor Ballmer could be reached for comment Wednesday night. The other members of the investment group, Costco CEO Jim Sinegal and Seattle developer Matt Griffin, have previously disclosed their own involvement.
. The proposed 50-50 split beats anything put on the table by Sonics owners. Even some usual critics of taxpayer subsidies for pro sports — including anti-stadium activist Chris Van Dyk and Seattle City Councilmember Nick Licata — say it could be a good deal.
. And the effort to push a bill through the Legislature in the waning days of the session may share the fate of similar proposals over the past three years that showed up late and fell flat.
. Bennett and a group of Oklahoma businessmen purchased the Sonics and Storm in 2006 for $350 million from Schultz's group. The Storm was sold in January to a group of Seattle-area owners for $10 million.
Feb. 25, 2008: The Milwaukee Journal Sentinel (Bob Wolfley), quoting Sports Business Daily, reports: American Airlines is to pay $195 million over 30 years ($6.5 million annually) for the American Airlines Center in Dallas, 十大玩彩信誉平台 of the Dallas Mavericks and Dallas Stars. Royal Philips Electronics is to pay $185 million over 20 years ($9.25 million annually) for Philips Arena in Atlanta, 十大玩彩信誉平台 of the Atlanta Hawks and Atlanta Thrashers. Rounding out the top five is Minute Maid Co., which agreed to pay $170 million over 28 years ($6.07 million annually) for Minute Maid Park in Houston, 十大玩彩信誉平台 of the Houston Astros. Sources told the Journal Sentinel that Bradley Center officials could be expected to be looking for $20 million over 10 years, or $2 million annually. Of the 71 deals listing a total payout and number of years, 30 of them were for $2 million or less annually. A total of 28 of the deals were for 20 years.
April 5, 2007
", according to an economic analysis released Wednesday. However, a more conservative projection shows that if the arena lasted for a quarter-century, it still wouldn't produce enough tax revenue to cover the initial public subsidy the professional basketball team is seeking from the Legislature."
"Those were among the key findings in a report by Berk & Associates, a Seattle-based consultant that . Renton Mayor Kathy Keolker, whose city commissioned the economic analysis, urged lawmakers to use the report as justification to fund the Sonics arena. However, two others -- an advocate for taxpayers and an economics professor who studies arena financing -- criticized the plan as too rosy and questioned whether the projections would come to fruition."
". Earlier reports indicated Renton could be on the hook for up to $100 million. Alex Pietsch, Renton's economic development administrator, said the city has up to $72 million in debt bonding authority it could use without a public vote. He also said the mayor is not willing to commit any of "this capacity without sufficient revenues to pay the debt back over time."
January 26, 2007
", officials said yesterday. Wizards owner Abe Pollin, who built the $220 million sports arena with his own money in China信誉彩town nearly a decade ago, wants the extra money to upgrade all or some of its 110 luxury suites and replace its outdated scoreboard, District officials said. Those and other improvements would be designed to attract special events, such as championship basketball and hockey games."
", city officials said. The 20,674-seat Verizon Center has served as the anchor of the China信誉彩town area's revival, a transformation into a bustling hub for restaurants and night life. Even without arena improvements, Billboard magazine ranked Verizon Center ninth worldwide in 2005 among all venues, according to information on the arena's Web site. Verizon Center has drawn 2.5 million fans to more than 220 events, including Wizards, Capitals and Mystics games, yearly."
", which have been leased for $100,000 annually since the arena opened in 1997. The new price will be $450,000 annually for 10 years. Leaseholders include The Washington Post, Clark Construction, Bank of America and Pepco."
January 12, 2007
" he found some other tough critics of the deal Thursday -- on his own City Council. When the Orlando mayor presented his proposed agreement with the Magic to the council Thursday, one city commissioner called it "half-baked," and two others said they wouldn't vote for it unless he adds more convenient parking for average fans."
"The City Council was not asked to vote on would be shared. A vote was in Dyer's original plan, but late Wednesday he delayed it after county officials said a decision would be premature. Dyer said he'll bring the agreement for a vote Jan. 22. In the meantime, city staffers and Magic representatives will meet with county officials to talk about the county's concerns."
" in cash, buy -- or find investors to purchase -- $100 million in bonds to help finance the building's construction, and pay rent of $1 million a year. The team also would pay the city $1.75 million a year for naming rights, luxury suites and advertising, an amount that would increase 3 percent a year."
January 10, 2007
"According to financial figures released Tuesday for the fiscal year ending June 30, 2006, . That money is expected to be paid out in three increments. According to the terms of the deal, $2.1 million is payable in the current fiscal year, $1.1 million has been deferred until no later than August 2008, and $2.2 million has been deferred until no later than August 2009."
"In addition, , and will continue that support in the current fiscal year. Bradley Center officials said the financial support was part of a negotiated settlement with the Bucks and helps the Bradley Center's cash-flow situation."
", which was $1.3 million lower than the previous fiscal year. The loss includes an annual depreciation expense of $2.5 million."
December 21, 2006
". Andrews also noted there are about 1,500 seats remaining for Friday's game against Sacramento when Iverson is expected to make his Nuggets debut."
October 18, 2006
" that specializes in sports team sales in North America and Europe, the firm announced yesterday. "I'm flattered that Russ chose to join us given all the other options that he had," said Salvatore Galatioto , president of Galatioto Sports Partners. "Russ has incredible contacts, is really smart and has the perfect temperament for our firm."
September 2, 2006
". The franchise is saying so with its annual preseason marketing campaign starting this weekend with the theme, "Eyes on the Prize." The basketball team often aims high but it is rare for the business side to match the optimism."
"The Suns' fans are right in line with the notion, snatching up tickets to a point that ."
", which Suns President and Chief Operating Officer Rick Welts said ranks third in the league and is well above the league's 85 percent target. With about 2,000 new season tickets sold, Phoenix has more than 13,000 "season ticket equivalents" (a term that accounts for how many seats are completely sold for every game, including partial-season packages) sold for the coming season."
August 19, 2006
". High-rolling fans will have 16 perches - retailing from $1,250 to $1,500 per game - next to the players’ benches and along the court."
"But Celtics fans may have more than celebrity watching to keep themselves occupied. . It’s part of an effort to rev up the entertainment at games."
" are doing the same and charging an eye-popping $2,500 apiece."
August 14, 2006
". The $25 million will more than double what FSN Ohio had been paying for Cavs telecasts. It should give the Cavs one of the four richest TV contracts in the NBA."
", SportsTime Ohio, several months ago. The presence of SportsTime Ohio gave the Cavs a big hammer in their contract talks with FSN Ohio: an option B if FSN Ohio didn't agree to their price demands."
". The people who are handling the negotiations insist this is not a cause for alarm, but to see what is happening in Seattle, as well as with the state of the league, is to think otherwise."
". Failing that, the team is expected to move to Oklahoma if the Hornets are able to return to New Orleans."
July 23, 2006
"Sports business experts confirm what just about everyone has suspected: . And while they had operating losses, the $350 million paid for the teams by Oklahoma City investors was $150 million more than Schultz and his 57 partners paid five years ago."
Marc Ganis, president of Sportscorp Ltd., a Chicago-based sports business consulting firm. "This demonstrates that Howard Schultz, in addition to convincing Americans to fork over $5 for a 50-cent cup of coffee, was able to negotiate a good price for the Sonics."
". In other business deals, uncertainty tends to diminish value. That's not necessarily the case here with questions over the lease of KeyArena, DeRosa said."
"And available to sports-franchise owners."
". That's three times the $60 million in cash losses taken by the team. Because the ownership group is organized as a limited-liability company, profits and losses flow through to the individual members, as do any taxes. That means Schultz and the other owners can use their share of the $183 million in losses to erase taxes on profits from other business investments."
"At a news conference Tuesday, . Sources told The Seattle Times last week those offers included a $425 million offer from Oracle CEO Larry Ellison, who wanted to move the team to San Jose, Calif."
", the ultra-tense, 11th-hour deal emerged under arduous deadline pressure and enormous public scrutiny. Now comes the hard part: turning plans into reality."
"A scant 24 hours after the deal was sealed, and a host of other community amenities. Politicians, business leaders and Kings owners Joe and Gavin Maloof all were stumping to tout the benefits of a state-of-the-art sports and entertainment complex."
"The job ahead will be a difficult one. arena campaigners need to win over the public, which polls show is largely leery of taxpayer funding of an arena. The current sales tax rate in Sacramento County is 7 3/4 percent."
". That money would go toward paying the bulk of the arena's price tag, estimated at between $470 million and $542 million. Also, a minimum of $594 million would go to the county and its cities for unspecified local projects."
" they would pay $4 million annually in rent for 30 years and put $20 million in a capital repair reserve fund. A public joint powers authority would own the building, and the Maloofs would pay to maintain it. All proceeds from all events, parking and concessions would go to the Maloofs."
July 20, 2006
", one that doubles his deal or would make the difference between signing a max contract or signing for the mid-level exception. I wanted to wait until after LeBron signed his contract to discuss it on in this forum because the last thing I want is more speculation about LeBron's grand plans and all his desires to go to New York or whatever."
". It will probably include location bonuses, too. It is business. If I were a fan, I'd be more concerned about basketball and how the Cavs get better."
July 18, 2006
". Officials hope the increased involvement of NBA lawyer Harvey Benjamin, one of the league's top executives, will prod the Maloof family, owners of the Kings, into an agreement this week."
" how much the Maloofs would contribute. City and county officials said they have talked about a contribution from the family of roughly 20 percent to 25 percent. "We're not talking 50 percent, and we're not talking 10 percent," said Sacramento County Supervisor Roger Dickinson."
July 10, 2006
". Representatives of the Kings, the city of Sacramento and Sacramento County, along with officials from the NBA, are scheduled to meet Tuesday in a last-second effort to reach agreement and secure a ballot measure in time for the November election."
". The revenue would help pay for a sports/entertainment complex to replace 18-year-old Arco Arena, along with other community projects for cities within the county. Though the participants remain divided on some fundamental issues -- foremost among them the cost of construction and the percentage of public and private contributions -- ongoing informal talks prompted a renewed, if tempered, sense of optimism and led to the upcoming meeting at the Palms in Las Vegas."
July 3, 2006
". The low profile journeyman has gone global with endorsing a line of basketball shoes for China信誉彩's Li Ning Co., the country's leading domestic athletic-shoe brand."
". Bonuses are offered with personal and team performances."
June 16, 2006
"In the three years since he was essentially forced out as a front-office executive with the Washington Wizards, Michael Jordan has been looking for an opportunity to become a majority owner of an NBA team. But with no situations to his liking on the horizon, , which completed its second NBA season in April."
". ''We're elated to have Michael back in the league, both in an ownership and a management position, in an area of the country that's very important to him, where his contributions have been so well-recognized,'' NBA commissioner David Stern said."
"Johnson, the founder of Black Entertainment Television, has known Jordan for years and Johnson made it clear the offer was available any time Jordan changed his mind."
". Magic Johnson owns a piece of the Lakers. Larry Bird is president of the Pacers. And now Jordan owns a piece of the Bobcats. It also makes one of the most popular people on the planet the face of its only minority-owned major league sports franchise. For NBA commissioner David Stern, this is the culmination of a dream."
June 15, 2006
", two informed sources told the Observer. Both sources indicated Everett has been offered the title of "vice chairman" of the NBA franchise, though it was unclear exactly what Everett's duties would entail if he takes the position."
". Ed Tapscott resigned as president in late May, rather than be demoted to a position of less authority. Since then Peter Smul, the team's chief operating officer, and Chris Weiller, the chief marketing officer, were let go."
June 14, 2006
". In last week's order, the judge left out --- apparently inadvertently --- the time frame."
". The other owners --- a group led by Bruce Levenson, Ed Peskowitz, Michael Gearon Jr. and Rutherford Seydel --- have said they will appeal the decision, and that likely would lead to a stay of the order."
June 13, 2006
". Courtside seats were increased from $2,100 a game to $2,200, a 4.8% change. Seats in six lower-level sections between the baskets — 101, 102, 110, 111, 112 and 119 — were raised from $210 to $220 a game, also a 4.8% increase."
"Like many NBA players in the 1990s who signed lucrative signature shoe deals, the combination of wanting to run his own shoe business and a dressing down from a woman in Orlando who cried to the center about the high cost of his shoes convinced O'Neal to launch his own line." | Nov. 9, 2005
"That's how , which retail for less than $40. Today's athlete signature shoes run $90 to $125." | Nov. 9, 2005
"." | Nov. 9, 2005
"Time Warner put the value of the teams and Philips Arena rights at $250 million when it sold them to Atlanta Spirit last year. That figure included . Atlanta Spirit hasn't disclosed and perhaps hasn't fully decided the individual ownership percentages that will be held by the remaining partners. "It's uncertain how things will come out within a range," Seydel said." / November 8, 2005
August 9, 2005: 2007 ALL STAR GAME IN VEGAS: Non-gaming economic impact for 2007 NBA All-Star is projected at $27 million. Other recent impact numbers include: 2005 Denver, $30 million; and 2004 Los Angeles, $30.3 million. Houston is projecting $50 million in 2006. (all figures provided by local convention and visitors bureaus)... All-Star 2007 is projected to draw more than 25,000 visitors who would utilize nearly 43,000 room nights in local hotels, including The Palms, MGM Grand, Mandalay Bay, The Bellagio, Monte Carlo and The Venetian. The NBA will utilize almost 5,000 room nights.
"However, – and want to save as much money as they can on a new coach." / July 10, 2005
"After lowering prices on several season-ticket packages for the 2005-06 season and changing some of their marketing strategies, in 2002, team officials said last week. Hornets' chief marketing officer Tim McDougall said the franchise has surpassed last year's total for first-time season-ticket buyers and have approached $1 million in new season-ticket sales revenue." / June 6, 2005
"The team declined to release specific new season ticket sales figures or the number of renewals among its season-ticket holders. But team spokesman Harold Kaufman said ." / June 6, 2005
", despite having the second-worst record in the league this past season at 18-64. They finished last in the 30-team league in attendance with a 14,221 per game average for tickets sold." / June 6, 2005
"To help draw bigger crowds, and $430 for the upper end zone sections behind the basket. For the 2004-05 season, a season ticket cost $1,935 in the same section and their lowest priced ticket for all 41 games was $860 in the upper ends." / June 6, 2005
"But one financial marker during the second quarter of each year - from April to June, during the playoffs - shows some consistency: , when there were no playoff games. During last year's second quarter, when the division's revenue jumped to $165.8 million, the Garden benefited from $6 million in higher Knicks revenue, $4.2 million in higher MSG Network revenues and a $10.3 million bonus from the Charlotte Bobcats expansion fee. The Garden also recorded a windfall when the Mets paid $54 million to get out of their FSNY contract after 2005; the Garden then gave itself a $41.8 million credit to reverse a liability tied to the TV deal." / April 22, 2005
". Last year, James was in talks for a deal with McDonald's when CEO Jim Cantalupo suddenly passed away. Last week, Sony Corp. fired CEO Nobuyuki Idei for former CBS Broadcasting boss Howard Stringer. James had been in talks with Sony about being a pitchman as well." / Mar. 13, 2005
"." / Mar. 2, 2005
"Though Bryant didn't appear in television or print advertising last season, Nike still put him in a new shoe, which many Bryant fans knew was the Air Huarache 2K4. The shoe sold very well. ." / Mar. 2, 2005
"While Nike is not expected to put Bryant in commercials immediately, shoe retailing sources, who previously had indicated Nike would not use Bryant for the rest of the basketball season, now say they've been told the shoe company still might use Bryant in the near future. ." / Mar. 2, 2005
"Swoosh and stripes, meet Brand X. For years, the Beijing-based athletic footwear and apparel manufacturer has had the run of a domestic market that is now just finding its 2.6 billion legs. The company posts annual sales of about $200 million hawking affordable, no-frills sneakers to the masses, which long have valued price over style and performance. Revenue and profit for the first six months of 2004 are up 50% from the same time last year, according to the company's latest report." / Dec. 25, 2004
" through grass-roots basketball clinics and boutique sales. Their target is a middle class that, by Adidas' estimates, is expected to surge from 60 million consumers in 2002 to 150 million by the end of the decade. China信誉彩's population is 1.3 billion. Now Canton, Mass.-based Reebok International Ltd. is taking the plunge with a campaign featuring favorite son and National Basketball Assn. star Yao Ming. All three firms are aiming to dramatically increase their retail outlets by 2008, when Beijing hosts the Summer Olympics." / Dec. 25, 2004
"Worldwide athletic-goods giant , effective Dec. 28. Knight, the top donor to the University in recent years, will retain his position as chairman of the Board of Directors when he is replaced by William D. Perez next month. The Knight family helped finance the $27.4 million renovation of the University library, which was completed in 1994. In 1996, Knight also donated $10 million to build the William W. Knight Law Center -- named after his father, who graduated from the University's law school in 1932 -- as well as $15 million more to finance endowed chairs and professorships, according to the University."
", according to documents filed with the Securities and Exchange Commission and reported by The Associated Press. Knight's combined salary and bonuses for this year were nearly $3.7 million, up from nearly $2.5 million last year, according to the AP. Nike has become a $12 billion global business, selling shoes, sports apparel and equipment."
" calls for a commitment of a decade or more at $4 million per year. According to sources familiar with the pitch, the Bobcats deal would be at the top of any NBA naming-rights pact for a market this size, double the dollars the Indiana Pacers generated in the Conseco Fieldhouse agreement." / Nov. 15, 2004
"Team executives decline disclosing potential terms. " / Nov. 15, 2004
"Despite those selling points, industry experts say the Panthers' $7 million-a-year stadium name deal is out of reach for the Bobcats. " / Nov. 15, 2004
", which opens next year for the Bobcats' 2005-06 season. Most industry analysts view the financial-services sector -- the dominant industry here and among the most active sports-venue buyers in recent months -- as an unlikely match for the team." / Nov. 15, 2004
" Since selling his Los Angeles-based company, Tellem & Associates, to SFX in 1999 for about $25 million, Tellem has helped the District-based company become a premier sports agency with revenue that tops $100 million a year. If he leaves SFX, which is owned by Clear Channel Communications, many of the more than 20 NBA and baseball agents he oversees -- and the more than 200 athletes they represent -- could follow him, say sources within the company." / Oct. 23
, who requested anonymity. "Within six months, the entire basketball and baseball staff would be out the door with him. . . . If they let him leave it would say to us that they aren't willing to grow the business." / Oct. 23
", who was out of the country and unavailable for comment. SFX is offering Tellem a larger role within the firm, say sources inside SFX, but he has told friends and co-workers that he wants to avoid making a long-term commitment. Should the two sides fail to cut a deal, Clear Channel could soon find itself competing against one its former top agents, a position that is not unique within the sector." / Oct. 23
"Orlando Magic forward/center Adidas announced the multiyear agreement today, but did not say how much Howard is receiving in the deal." / Sept 28, 2004
" It also recently signed on new players including Josh Smith, drafted by the Atlanta Hawks; J.R. Smith, selected by the New Orleans Hornets; and Sebastian Telfair, picked by the Portland Trail Blazers." / Sept 28, 2004
"Save for Emeka Okafor, Shaun Livingston is the last of the high-profile players from this year's NBA draft to sign a shoe deal.
But a year after essentially cornering the market on the NBA's stars of tomorrow, , has only one player on its roster -- Chicago Bulls guard Ben Gordon -- who was selected in this year's NBA draft." / Sept. 16, 2004
"Nike could still pick up Gordon's college teammate Emeka Okafor, who was drafted second overall by the Charlotte Bobcats, but, in the eyes of shoe executives, power forwards and centers are not considered as marketable as small forwards and guards. The last of this year's high-profile shoe free agents, Ralph Greene, Nike's director of global basketball, told ESPN.com that Nike had interest in Livingston "but he chose to sign for more money." / Sept. 16, 2004
"Michael Jordan appeared on Gatorade bottles, but
he never had his own flavor. The new darling of the sports marketing world,
hit stores next month."
". This past winter,
Coca-Cola chemists went to the Ritz Carlton in Cleveland and put cups of sample
flavors in front of the NBA Rookie of the Year, who, like Jordan, wears the number
23. James chose a red sourberry flavor. He then selected the color of the drink
from a palette of possibilities, ultimately arriving at something very similar
to the Cavaliers' wine color."
"Coca-Cola is counting on James to have a greater
effect with Powerade, which has experienced considerable growth since it was brought
to market in 1992. ,
according to Beverage Digest, an industry trade publication. James' deal with
the Powerade and Sprite brands is worth approximately $2 million a year, but there
are incentives in his contract that will reward him if it is determined that his
endorsement leads to greater sales."
Aug 2, 2004: " The benefit to sports
franchises is contained in a small part of an enormous bill introduced originally
to settle a trade dispute with the European Union. But the legislation has since
become laden with add-ons for interests ranging from tobacco farmers to Oldsmobile
Aug 2, 2004: " Existing law generally limits teams to writing off only
the value of player contracts over three to five years. The biggest items subject
to the expanded write-offs would be television and radio contracts."
Aug 2, 2004: "
If so, it would represent a $2 billion windfall to franchise values, which totaled
$41 billion in 2002, according to Forbes magazine."
July 12, 2004: "On their team Web site, "
July 2, 2004: "Thomas wouldn't estimate the value
of the Kings' according
to Shaw Sports Business. Such additional revenue could spell the difference between
a profitable or financially losing season for the Kings. The club last year turned
a $4 million profit, but has lost close to $30 million over the past five seasons,
according to records provided to The Bee."
July 2, 2004: And perhaps as important,
they are missing the opportunity to cement a connection with fans up and down
the Central Valley."
July 2, 2004: "Such additional revenue could spell
the difference between a profitable or financially losing season for the Kings.
, according to records provided to The Bee."
July 2, 2004: "On the court, Telfair has the vision
and passing skills that few players have had, said Blazers coach Maurice Cheeks,
a four-time NBA All-Star point guard. "
are the people who took care of my high school teams, and they have been there
for me outside of basketball." Vaccaro, who left Adidas last winter to reinvigorate
Reebok's basketball business at a grass-roots level, said no other company had
June 18, 2004: Final 2003-04 NBA Season Attendance
This years average regular season attendance of
17,050 fans per game is the highest since the 1997-98 season (17,135), the last
season the NBA averaged more than 17,000 fans per game. NBA arenas were filled
to more than 89.2% capacity, the fourth highest percent capacity all-time and
the highest total since the 1997-98 season. Team-by-team
June 18, 2004: Final 2003-04 NBA Season TV Ratings
ABC - The full season on ABC (29 games) averaged a 4.6
rating, up +10% versus last year's 27-game average (4.2 rtg.).
TNT The full season on TNT (95 games) averaged
a 2.3 rating, up +10% versus last years 98-game average (2.1 rtg.).
Game 6 of the Western Conference Finals earned a 7.3 rating
and averaged 6.5 million households, making it the most viewed NBA Playoff game
in cable history.
The ratings for the NBA Playoffs helped TNT become the #1 ranked cable outlet
for the important sweeps month of May.
ESPN The full season on ESPN (90 games) averaged
a 1.8 rating, up +20% versus last years 90-game average (1.5 rtg.).
Game 6 of the Eastern Conference Finals earned a 5.0 rating
and averaged 4.4 million households, making it the most viewed basketball game
in ESPN history and the most viewed 2nd Quarter program in the network's history.
June 18, 2004: NBA Finals TV Ratings
Game 5 Registered the Highest Rating for any NBA Finals
Game since Game 6 in 2000 and the Highest of any NBA Finals Games 1 through 5
ABC PRODUCES DOMINANT RATINGS WITH NBA FINALS
ABC Dominates Competition with NBA Finals Game 5 defeating
NBC by 92%, CBS by 202% and Fox by 338%
13.8/23 Household Rating is 123% Higher Than Last Years
Game 5 had the most viewers, 21.84 Million, of any NBA
Finals Game 1 through 5 since 1998
Five-Game NBA Finals Series Average is Highest Since 2001
Among Households, Total Viewers and Key Male and Adult Demographics.
ABC's Sunday, June 15 broadcast of the NBA Finals Game
5 in which the Detroit Pistons defeated the Los Angeles Lakers 100-87 to win their
first NBA Championship since 1990 posted a national household rating of a 13.8/23
to rank as the No. 1 television program on Tuesday night and the highest rated
Game 5 in an NBA Finals series since 1998.
The top rated markets for the five-game series are:
Los Angeles: 29.6
San Antonio: 20.1
Salt Lake City: 16.7
- - - - - - - - - - -
June 14, 2004: "After teaming with the Detroit Pistons
in the NBA Finals, Chauncey Billups could be in position to team up as a pitchman
for several companies. "
June 5, 2004:
" Without such
a deal this season - and perhaps next - the Kings must make tough choices such
as whether to sign a player like Jim Jackson - even at a bargain cost of $2.4
million per season."
the explanation is simple: The Kings were given two loans in 1997 - one to help
shore up their finances, and another to help them pay the first loan back."
other holdings include The Palace, DTE Energy Music Theatre, the Arena Football
League's Detroit Fury and the WNBA's Detroit Shock, which won the championship
May 5, 2004:
", 154 percent above its total three years ago, and the
first time it will top the mighty NFL in this category."
"In fairness, the NBA is not totally backsliding
with regard to TV ratings. ABC, which aired 14 games, dropped 8 percent. During the first round of
this year's playoffs, TNT stayed flat compared to 2003 and ESPN increased its
average rating 5 percent."
", dropping from
$769.4 million in 2002 to $579.4 million last year, according to New York-based
TNS Media Intelligence. That total also includes spending on the WNBA, but much
of the decrease owes to the men."
April 13, 2004: Most
popular NBA jerseys
See the 25 most popular NBA player jerseys and 10 most popular NBA team jerseys
of the season.
April 3, 2004: "Operations and bookings at the
city-owned Target Center will be handled by a partnership created by Minnesota
Timberwolves owner Glen Taylor under a deal approved Friday by the Minneapolis
City Council. Target Center's primary tenants are the NBA Timberwolves and the
WNBA Minnesota Lynx, also owned by Taylor. Taylor's firm will handle personnel
matters at the arena. His partners in the Midwest Entertainment Group, the James
M. Nederlander Co., will book concerts and other events."
Mar. 16, 2004: The Miami HEAT and Sunshine Network,
a Fox-owned regional sports network, today announced a new long-term agreement
providing Sunshine exclusive regional television rights to the NBA franchise.
This agreement extends a successful television and marketing partnership that
began between the two parties more than a decade ago.
Mar. 4, 2004: "The Rockets, beginning next season's
season-ticket drive, raised the price on 2,900 club seats and lowered the price
on 4,200 other lower-bowl tickets. In addition to the price changes, the Rockets
have brought their payment schedule more in line with much of the NBA, with the
first 25 percent payment for renewals due March 15."
Mar. 4, 2004: "The lower bowl's $50 season tickets
were reduced to $45 per game, and the $60 season tickets were cut to $55. The
club seats that have been $175 per game were increased to $180. The $135 club
seats were increased to $150, and the $125 club seats were increased to $130.
Those club seats have been sold out this season with a waiting list. "It
was our first year doing club products, so we took our best shot with the pricing,"
McDougall said. "The $175s and $125s hardly moved (in price) at all. The
$135s, we have a huge waiting list. We know we have a lot of demand for them.
Rather than take a price increase across the board, in the area we have a lot
of demand and a product that's gotten very good reviews from our customers, we're
taking a price increase."
Mar. 1, 2004: "Only seven of the 47 owners of
Rose Garden luxury suites with contracts that expire after the Portland Trail
Blazers finish this NBA season have said they will renew their leases. Team
officials assured fans it would be business as usual after the Oregon Arena Corp.,
which owns the Rose Garden, declared bankruptcy last week. But the luxury suites,
which have a median price of $116,000, are a significant source of income for
a team already losing many millions of dollars." Source:
Feb. 28, 2004: "In the collective bargaining negotiations
under way, the NBA will soon seek a deal in which it can use the National Basketball
Development League as a limited farm system. Players drafted into the NBA
would earn their NBA paychecks but could play and improve in the D-League instead
of rotting at the end of NBA benches."
Feb. 28, 2004: "It has not been brought up yet,"
a source familiar with the NBA's negotiation plans said on condition of anonymity.
"But if the players association does not agree to an age limit, that is definitely
a topic that will be discussed." The union will fight it. But with so many
players coming into the league without the training to be professional basketball
players, it would seem to be to their benefit to develop in a situation designed
for little else."
Feb. 28, 2004: "Two weeks ago, the NBA said it
expected to send the Hawks sale to the league's owners for an approval vote "in
a week or so." Two weeks later, the league still hasn't done so. Which
can come as no surprise, really, to those who have followed the protracted Hawks-Thrashers
sale. "The process is still ongoing," NBA spokesman Tim Frank said Friday,
"and we have not committed to a date" for a vote."
Feb. 28, 2004: "One issue being hashed out in
the past week involved legal language regarding how the nine-man Atlanta Spirit
ownership group, which has no majority partner, would deal with the NBA and
NHL requirements that one person have authority to represent ownership on league
Feb. 28, 2004: "The Hawks-Thrashers buyers have
been considering candidates for the position of CEO, who would oversee the teams
and Philips Arena on a day-to-day basis. Word is, they've zeroed in on their
top candidate: Bernie Mullin, a longtime sports executive who has been the NBA's
senior vice president of team marketing and business operations since 2000. Word,
too, is that he'll be visiting Atlanta this weekend."
Oct. 23, 2003: Yao Ming signs with Reebok. It's
a multi-year contract. Yao's previous deal was with Nike. Yao will be in television
ads, print ads, promotional appearances and other things on the side, plus he
will have his own line of sneakers and apparel.
Oct. 10, 2003: Sonny Vaccaro now works for Reebok.
Sonny is a legend in the sneaker-related basketball world. He's more or less why
Michael Jordan originally signed with Nike and why adidas developed into the powerhouse
it did. He's one of the most influential figures in the history of amateur basketball
as well, starting the first-ever high school all-star tournament.
Oct. 3, 2003: Shoe companies sold almost $8 billion
worth of sneakers in 2002.
Sept 29, 2003: NBA TV has signed deals with Time Warner,
Cablevision and Cox Communications, and will be much more available to the
masses starting this season. See details.
Sept 3, 2003: USBL salaries average around $400
a week, reports.
Sept 3, 2003: CBA salaries average around $15,000
a season, reports
August 22, 2003: LeBron James signs with the Coca-Cola
company. It's said to be a six year deal that will have James helping to promote
Sprite and Powerade. The deal is said by the NY Times to be worth around $2 million
per year. James had recently been negotiating with PepsiCo, who own Gatorade.
But, nothing came of it, and he's now with Coke.
August 6, 2003: Kevin Garnett signs with Adidas.
KG was with Nike for five years, And 1 for two years, and now he's with Adidas.
ESPN sources claim that it's for about $2 million a year. It's considered a "lifetime"
type of deal, which means that there's no definite end in sight. If things go
well for both Garnett and Adidas, it could last for a long time. Tracy McGrady
and Tim Duncan are also with Adidas.
August 2, 2003: LeBron James Jersey Sales: The
AP reports that sales of LeBron James' jerseys have exceeded $4 million since
they went on sale just 5 weeks ago on the night of the NBA draft, June 26. James
is single-handedly reviving the marketability of the Cleveland Cavaliers.
July 29, 2003: NBA Television Info: In the 2003-04
NBA regular season, ABC will televise 18 games. Last year they had 14. ESPN will
televise 72 games, most of which will be on Wednesday and Friday nights. TNT will
televise 52 games, most of which will be Thursday nights.
July 28, 2003: Streetball Salaries:
sources state that the AND 1 mixtape streetball team members, who spend about
three summer months touring all around the country, earn salaries ranging from
$50,000 to $100,000.
July 28, 2003: ESPN TV Ratings: The NBA provided
a tremendous lift to ESPN last season (2002-03 season), the first of a six-year
agreement. ESPN's regular-season games achieved a 54% increase in the audience
compared to the same time slots in 2001-02. The increase among men 18-34 was 100%.
July 10, 2003: Nike has bought Converse. Yes, the
company has bought the company. Sources say the deal was for $305 million. Converse
is best known for their Chuck Taylor All Star shoe and the Converse Weapon shoe
that Larry Bird and Magic Johnson wore. Converse dominated the sports footwear
market for decades, but Nike became the leader in the 1980's. In the early 1990's,
Converse had serious financial problems and was forced to declare bankruptsy,
reorganizing their company. Now, they're Nike's. In 2002, Nike had $10.7 billion
in revenues, while Converse had $205 million. -
July, 2003: Kobe Bryant's new contract with Nike
is for 5 years, $41 million. Kobe also makes $10 to $15 million more in other
July, 2003: Kobe Bryant's Other Contracts: His
deal with McDonalds ends in late 2003, and his deal with Sprite ends in 2005.
Random Fact (July 12, 2003): Texas has no state
May, 2003: LeBron James Nike Deal. LeBron James'
deal with Nike is for a reported 7 years, $90 million. He signed it in May.
April 17, 2003 - ESPN TV Ratings: For its first
season of NBA coverage in 18 years, ESPN averaged a 1.20 rating for 69 regular-season
games. This represents an increase of 54% for the time slots, from a 0.78 for
the 2001-02 season. Among men 18-34, the increase was 100%, from 0.63 to 1.26.
Among men 18-49, the increase was 80%, from 0.61 to 1.10.
David Stern Speaks
(April 11, 2003) David Stern on the future of NBA TV coverage.
(July 22, 2002): New NBA television contracts:
For games from the 2002-03 to 2007-08 seasons, ABC/ESPN is paying $2.4 billion
for 6 years. For games from the 2002-03 to 2007-08 seasons, TNT is paying $2.2
billion for 6 years.
(July 22, 2002): Games on (free) network television:
There will be 15 games (plus some playoffs and finals games) on free network television
(ABC) from 2002-03 till 2007-08. In 2001-02 there were 34 games (plus playoffs
and finals) on free network television (NBC). In 2000-01 there were 69 games on
free network television (NBC). In 1999-00 there were 71. The previous 8 years,
each season there were 50something games on free network television.