>> 10. << While in the 1970s, rosters were almost uniformly American, at the start of the 2019-20 season, 108 out of 450 players on NBA rosters were from outside the United States, hailing from 38 countries. . However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. /F3 67 0 R /MediaBox [0 0 841.919 595.2] >> Hence, Nets owner Joe Tsai had no problem giving up the assets. /MediaBox [0 0 595.2 841.919] Mr. /F2 76 0 R /Subtype /XML /Type /Page /Resources << /FontDescriptor 59 0 R 400 549 333 333 333 576 537 333 333 333 365 556 834 834 834 611 Granted, thats largely due to a single outlier: the 2014 sale of the Los Angeles Clippers, who went for an unprecedented $2 billion. /Contents 184 0 R /F2 76 0 R >> 58 0 obj /F4 70 0 R /Type /Page endstream >> /MediaBox [0 0 595.2 841.919] /ExtGState << /Resources << Media rights make up roughly $2 billion of the league's revenue. >> This is a 60% drop compared to the previous season, and the largest income drop over the last 10 years. /Parent 5 0 R /FontName /ArialMT >> Sales/Revenue. endobj /Font << 556 556 333 500 278 556 500 722 500 500 500 334 260 334 584 350 >> /Resources << >> /Font << There's a lot to be figured out, and I have a lot of confidence in Adam and Bill [Koenig NBA's president of global content and media distribution] at the league office to sort that through.". >> ", National Basketball Association. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. 9 0 obj 333 556 556 500 556 556 278 556 556 222 222 500 222 833 556 556 /Parent 5 0 R >> >> The NBA opens with the defending champion Milwaukee Bucks playing the Brooklyn Nets on TNT on Tuesday. /GS0 144 0 R /Resources << (These executives spoke to CNBC on condition of remaining anonymous as they aren't allowed to comment on team affairs.). /F0 63 0 R NBA values are up nearly six-fold over. /Type /Page << 556 556 333 500 278 556 500 722 500 500 500 334 260 334 584 350 /Fm0 77 0 R << << /F0 63 0 R For the 201819 NBA season, the luxury tax threshold is a payroll of $123.733 million. Since 2017, the NBA allowed teams to have brand logos on their jerseys. 55 0 obj /Resources << /F2 76 0 R The average ticket price in the NBA was $78.7 for the 2020/21 season. "NBA jersey patch sponsorship program expands as league scores new revenue. /GS0 96 0 R Methodology: Revenues and operating income are for the 2018-19 season and net of revenue sharing and arena debt, service. 53 0 obj /F4 70 0 R The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Total revenue of the National Basketball Association 2001-2022, Average operating income of National Basketball Association teams 2001-2022, Average franchise value of National Basketball Association teams 2001-2022, National Basketball Association all-time triple double leaders 1946-2023, Value of National Basketball Association franchises 2022, Average franchise value in major U.S. sports leagues 2007-2022, Major sports leagues by average franchise value in North America from 2007 to 2022 (in million U.S. dollars), Average franchise value of NBA teams from 2001 to 2022 (in million U.S. dollars), National Basketball Association franchise value by team in 2022 (in million U.S. dollars), National Basketball Association total league revenue from 2001/02 to 2021/22 (in billion U.S. dollars), Teams of the NBA ranked by revenue 2021/22, National Basketball Association teams ranked by revenue 2021/22 season (in million U.S. dollars), NBA league & teams sponsorship revenue 2010-2022, National Basketball Association sponsorship revenue from 2010 to 2022 (in million U.S. dollars), Average operating income per NBA franchise from 2001/02 to 2021/22 (in million U.S. dollars), Operating income of National Basketball Association franchises in 2022, National Basketball Association teams ranked by operating income in 2021/22 (in million U.S. dollars), Average TV viewers of the NBA regular season from 2020 to 2022 (in millions), NBA Finals TV viewership in the U.S. 2000-2022, Average TV viewership of NBA Finals games in the United States from 2002 to 2022 (in millions), NBA Finals TV ratings in the U.S. 2002-2022, Average TV ratings of NBA Finals games in the United States from 2002 to 2022, Average U.S. TV ratings of NBA Finals 2022, Average viewers of the NBA Finals in the U.S. 2022, Number of viewers of the NBA Finals in the United States in 2022, by game (in millions), Number of viewers of the NBA Draft from 2011 to 2022 (in millions), Total attendance at National Basketball Association regular season games 2006-2022, National Basketball Association: total attendance at regular season games from 2006/07 to 2021/22 (in millions), NBA regular season home attendance by team 2021/22, National Basketball Association average regular season home attendance in the 2021/22 season, by team, Average per game attendance in the NBA from 2005-2022, National Basketball Association average regular season home attendance from 2006/07 to 2021/22, NBA regular season average home attendance by team 2021/22, National Basketball Association average regular season home attendance by team 2021/22 season, Construction costs of NBA stadiums/arenas built since 2000, NBA arenas/stadiums built since 2000 ranked by total construction costs (in million U.S. dollars), Federal subsidy to NBA stadiums built since 2002, Sports stadiums of the NBA ranked by value of federal subsidy since 2002 (in million U.S. dollars)*, Level of interest in the National Basketball Association in the United States as of March 2023, NBA interest level in the U.S. 2023, by ethnicity, Level of interest in the National Basketball Association in the United States as of March 2023, by ethnicity, National Basketball Association (NBA) interest levels worldwide 2021, Level of interest in the National Basketball Association (NBA) in selected countries worldwide as of April 2021, Facebook fans of National Basketball Association teams as of October 2022 (in millions), NBA number of Facebook fans/Twitter followers 2012-2023, Number of Facebook fans/Twitter followers of the NBA from 2012 to 2023 (in millions), National Basketball Association salary cap 2012-2023, Size of the salary cap of the National Basketball Association (NBA) from 2012/13 to 2022/23 (in million U.S. dollars), Minimum player salary per year in NBA 2017-2024, Minimum annual player salary in the National Basketball Association from 2017 to 2024 (in U.S. dollars), Average player expenses of National Basketball Association teams 2001-2022, National Basketball Association average team payroll from 2001/02 to 2021/22 (in million U.S. dollars), Player expenses in the NBA by team in 2022, National Basketball Association teams ranked by player expenses (salaries) in 2021/22 (in million U.S. dollars), National Basketball Association highest-paid players in salaries & endorsements 2023, Highest-paid National Basketball Association players in 2022-2023 (in million U.S. dollars), Number of NBA championships won from 1946 to 2022, by franchise, NBA all-time scoring leaders - total number of points scored as of April 2023, National Basketball Association all-time assists leaders 1946-2023, NBA all-time assists leaders as of February 2023, National Basketball Association all-time rebounding leaders 1946-2022, NBA all-time leaders in total number of rebounds as of August 2022, Players with the most triple doubles in the NBA all-time as of March 2023, National Basketball Association all-time minutes leaders 1946-2022, NBA all-time minutes leaders - total number of minutes played as of August 2022, WNBA all-time scoring leaders - total number of points scored as of August 2022, Highest paid players in the Womens National Basketball Association (WNBA) in the United States in 2022 (in 1,000 U.S. dollars), Regular season attendance WNBA games 2022, Average regular season attendance at WNBA games in 2022, by team, Average TV viewers of the WNBA regular season from 2016 to 2022 (in 1,000s), Level of interest in WNBA in the United States as of March 2023. /Contents 102 0 R << /Contents 82 0 R /F3 67 0 R /Font << From the 2010/11 season, the league's revenue has been growing at an average rate of 8%. 22 0 obj /FirstChar 32 >> Up to that point, the NBA had earned in excess of $150 million in new revenue. /StemV 0 During the 2020/21 season, the NBA generated $1.46 billion in revenue from sponsorships. 2020/21 season was fourth in a row with sponsorship revenue exceeding $1 billion in a year. This is the largest increase in NBA debt over the last 4 years. The National Basketball Association made a record $1.46 billion in sponsorship revenue in its 2020-21 regular season, according to estimates by IEG, a sports partnerships consultancy firm. /Fm0 126 0 R Silver, 59, also reiterated the cable TV bundle needs fixing, as regional sports networks are threatened by cord-cutting. >> NBA media partners were also banking on the Nets. /Fm0 105 0 R On the condition of anonymity, executives from several NBA teams shared financial information with SI. The NBA is open to the idea of regional pods and intraconference scheduling to lessen team travel and exposure to the coronavirus, sources said. Management's Responsibility for the Financial Statements Get in touch with us. >> The NBA set the salary cap at $101.869 million for the 2018--19 season, up from $99.903 in 2017--18. /ExtGState << We also use third-party cookies that help us analyze and understand how you use this website. /Type /Page /Type /Page endobj 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R 35 0 R 36 0 R 37 0 R 38 0 R 39 0 R 40 0 R "There's a whole lot of ignorance on the part of players who will not get vaccinated," said former NBA player turned scholar Len Elmore told CNBC last month. /F3 67 0 R >> 2 0 obj The New York Knicks Retain Top Spot For Fifth Consecutive Year. >> Only the Dallas Cowboys are worth more among North American sports franchises. /Resources << Andy Kriebel for Makeover Monday . /F3 67 0 R And before the pandemic, league executive Amy Brooks projected a 30% increase. Our guide page will help you get specific information about each type and its effect on your feet and performance. /F2 76 0 R According to the Article 12 of Betting Law 2019 (L.37(I)/2019), the Authority must prepare a report and financial statements for the previous financial year, according to the Fiscal Responsibility and Budget Systems Law. /Contents 109 0 R /ExtGState << >> The NBA broadcasts to every populated continent. 0 333 556 556 556 556 260 556 333 737 370 556 584 0 737 552 /ExtGState << A quick drive down Interstate 95, the Philadelphia 76ers are also garnering distracting headlines around the future of all-star Ben Simmons. And Chicago-based manufacturer Wilson starts its new agreement to produce the NBA game basketballs. >> For reference, there were 7 sign and trades last offseason, 9 in 2019, 0 in 2018, & 1 in 2017. 54 0 obj >> 38 0 obj /Contents 129 0 R Brooklyn Nets had 5 seasons with negative income, most in the league during this period. /ExtGState << /F3 70 0 R /Type /Page /GS0 157 0 R >> >> /Font << /MediaBox [0 0 595.2 841.919] /MediaBox [0 0 595.2 841.919] "We try to look at it as an ongoing investment in the business over a long period of time as opposed to a loss of individual seasons.". You may opt-out by, Why 2023 Gold House A100 List Has Starbucks CEO But No Michelle Yeoh, Parent PowerED: Parents Powering Solutions In Education, Conversations Across Generations: Shawn Dove And Peter Storey, Empowering Young Adults Through Tech With Sandee Kastrul Of i.c. >> >> In 2002, the NBA decided to partner with ESPN and ABC, signing a 6-year, $2.4 billion deal ($400 million/year). >> This deal would increase the NBA's broadcasting revenue to over $8 billion per year. /F4 70 0 R 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. >> /Font << >> (It also has equity in the start-up, which now valued at $7 billion.) << /Font << /Type /Page /ExtGState << 41 0 R 42 0 R 43 0 R 44 0 R 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R 55 0 R 56 0 R /Ascent 905 Still, some franchises carry no debt. 1 spot as the NBAs most valuable team for the fifth consecutive year. /MediaBox [0 0 595.2 841.919] Comment. /Fm0 182 0 R "The revenue that comes from people enjoying our games, who are not in the stadium, I don't think that is going to bust. /Ascent 905 The largest revenue increase was 26%, in the 2916/17 season. James Harden #13 of the Brooklyn Nets dribbles the ball against Georges Niang #20 of the Philadelphia 76ers in the second half at the Wells Fargo Center on October 11, 2021 in Philadelphia, Pennsylvania. /Resources << >> /F4 70 0 R endobj >> << Some are willing to pay the luxury tax; others resist it. << /Parent 5 0 R >> /Font << This website uses cookies to improve your experience while you navigate through the website. << >> These cookies may be set through our site by our advertising partners. Stephen Curry #30 of the Golden State Warriors handles the ball against the Los Angeles Lakers during a pre-season game on October 18, 2019 at Chase Center in San Francisco, California. /Font << /F0 63 0 R /Parent 5 0 R /Resources << /Filter [/FlateDecode] /F2 76 0 R endobj Financial Modeling Prep. endobj /F4 70 0 R << /Font << /Type /Page /F1 62 0 R The good news is we're able to take a long-term view of this business, and continue to grow in it," he said. The NBA wants to triple its rights fee, so a bounce-back in viewership would help. /F0 63 0 R >> << /F3 67 0 R >> The offers that appear in this table are from partnerships from which Investopedia receives compensation. /MediaBox [0 0 595.2 841.919] The Oklahoma City Thunder were the only team to lose money on an operating basis with a loss of $23 million thanks to a $61 million luxury tax bill on their high payroll. /Resources << >> /F1 62 0 R /ExtGState << Note that there is a salary floor as well as a salary cap. TV is an attractive option for many NBA fans since they can watch the game for free, minus the cost of their cable provider or TV service. In 2022, the NBA's 30 teams generated $10 billion in revenue which was up 35% from 2018. n3arS6lRA However, 3 seasons faced negative revenue growth, including the 2020/21 season. >> In inflating the cap in the interim, league officials and team governors are hoping to avoid a repeat of the salary-cap spike of 2016, when a $20 million-plus leap in the cap enabled the Golden State Warriors to sign Kevin Durant away from the Oklahoma City Thunder in free agency. /Parent 5 0 R Revenues are about half those of the highest-grossing sports league in the world, the National Football League,not that the two leagues are necessarily in competition. Still, one of the largest differences between the leagues is the origin of the NBA's diverse revenue stream, which includes television, merchandising, sponsorships, and tickets. A lottery is a low-odds game of chance or process in which winners are decided by a random drawing. /Flags 32 That would be a steep price for Simmons, who didn't exactly help his value during the last postseason with a middling performance against the fifth-seeded Atlanta Hawks, who knocked the top-seeded 76ers out of the playoffs. /F1 62 0 R /F0 63 0 R /GS0 138 0 R 400 549 333 333 333 576 537 333 333 333 365 556 834 834 834 611 16 0 obj endobj /Resources << /GS1 75 0 R 6 0 obj >> /F3 67 0 R Dropping to that level would have put almost every team into severe luxury tax territory, and it would have left very little available money for this offseason's free agents. /F0 63 0 R >> /F4 70 0 R 42 0 obj >> << >> /Contents 179 0 R This includes executive salaries, rent, insurance and debt. Although players who aren't vaccinated can still play in road games, the Nets didn't want to risk team continuity. >> His absence is an unwelcome distraction, though. The NHL increased its rights, too, thanks to NBA partners ESPN and AT&T's WarnerMedia. /MediaBox [0 0 595.2 841.919] Forward-looking statements reflect management's current knowledge, assumptions, judgment, and expectations regarding future performance or . endobj endobj The NBA is celebrating 75 years in business, and the next few will be pivotal for Silver's league. >> /Parent 5 0 R YouTube's NFL Deal Is a Score for Streaming, Sack for Cable, Apple to Spend Billions More on Entertainment. The Warriors jumped one place to No. When it came to the NBA's international business, Silver walked a very safe line. And that was a decline from previous years. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. << New York, NY February 11, 2020 Forbes today announced its 22nd annual valuations of the National Basketball Associations 30 teams. /F4 70 0 R /ExtGState << For one thing, not every team is equally valuable or profitable. Any franchise with a designatedmarketarea of 2.5 million TV households or more cannot receive revenue sharing. >> /XObject << << >> 2019. View the latest NBA financial statements, income statements and financial ratios. >> Hans Daniel Jasperson has over a decade of experience in public policy research, with an emphasis on workforce development, education, and economic justice. >> /MediaBox [0 0 595.2 841.919] /ExtGState << 40 0 obj National Basketball Association. That's a problem if "generally 99%" of NBA fans "never step foot in an NBA arena," as the league said in the past. /Parent 5 0 R /F1 62 0 R /F4 70 0 R >> Six teams earned more than $100 million, led by the Los Angeles Lakers at $178 million. >> /F4 70 0 R They are followed by the Atlanta Hawks, Cleveland Cavaliers, Minnesota Timberwolves, and Philadelphia 76ers with 4 negative years. >> Expenses for the bubble were $190 million -- $10 million more than originally estimated, sources said. But Harden is a former NBA MVP and 11-time All-Star. From the 2002/03 to 2007/08 season, the NBA was generating $766 million annually from national broadcasting rights. 556 556 556 556 556 556 889 500 556 556 556 556 278 278 278 278 /F1 62 0 R /Type /Page >> 5-year trend. /Type /Page Team revenues linked to local TV media deals would suffer and exposure would drop, creating a sort of downward spiral. 15 0 obj /GS1 181 0 R /F1 62 0 R This presents a $400 million per year revenue. /Rotate 90 /F4 92 0 R You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. On the licensing front, the NBA struck an equity deal with Fanatics for its trading card rights. << But Clippers owner Steve Ballmer didn't seem worried about the state of cable TV when he spoke to CNBC last month. Salaries for employees in New York will be higher than those in Milwaukee. The 76ers and Simmons reunited last week after he missed training camp due to his offseason trade demands. /F0 63 0 R Some teams own a plane; especially budget-conscious franchises pay into the leaguewide charter program with Delta. /ExtGState << >> /ItalicAngle 0 2 with an enterprise value of $4.7 billion, knocking the $4.6 billion Lakers to third. The NBA revenue dropped 10% in 2020 as a consequence of the Coronavirus outbreak. >> Earnings before interest, taxes . ", Foxbusiness.com. /F4 70 0 R /ExtGState << endobj Dimitrije loves to tell hoop stories through numbers and graphics and has been featured on Fansided, FiveThirtyEight, Eurohoops, and TalkBasket among the others. >> /ExtGState << Like other major sports leagues, the NBA shares non-basketball related revenue between teams in order to address inequalities across different markets around the country. /Resources << /Font << /Widths [278 278 355 556 556 889 667 191 333 333 389 584 278 333 278 278 >> But opting out of some of these cookies may affect your browsing experience. /MediaBox [0 0 595.2 841.919] According to the Article 12 of Betting Law 2019 (L.37 (I)/2019), the Authority must prepare a report and financial statements for the previous financial year, according to the Fiscal Responsibility and Budget Systems Law.