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NBA nearing massive media deal; Deals with ESPN & Turner will double previous
Posted on 9/8/14 at 6:52 am
Posted on 9/8/14 at 6:52 am
LINK
I personally would have preferred this to go to the open market and would love a 3rd package for NBC or Fox Sports. I hate majority of ESPN's coverage of the NBA.
Good news for the league though.
quote:
The NBA and its network partners expect to reach an agreement in principle on new long-term media deals by the start of the regular season, according to sources on all sides of the discussions.
Talks have progressed so rapidly that details are emerging on a massive agreement that would see the league’s annual rights fee more than double, with ESPN and Turner combining to pay more than $2 billion per year on average. One source said ESPN already has committed to pay “well over” $1 billion per year, and Turner is not far behind for a media rights extension that would kick in with the 2016-17 season.
quote:
As part of the current eight-year deals that end in June 2016, ESPN pays $485 million per year and Turner pays $445 million per year on average, bringing the league’s total take at just less than $1 billion per year.
But that figure would be dwarfed in a new deal that several sources pegged as an eight-year pact, though one source with knowledge of the talks said it ultimately could end up running nine years.
A final deal might not be signed or announced before the new season, but talks with ESPN and Turner are advanced enough that sources said there is little chance the NBA will carve out a third package for another network, like Fox Sports or NBC Sports. ESPN, in particular, has been adamant during negotiations that the NBA not develop a new package to sell to a competitive sports network, sources said.
The NBA cannot talk to other networks until the middle of next year, when ESPN and Turner’s exclusive negotiating window runs out. Barring an unforeseen snag in the ongoing negotiations, all sides expect new deals to be signed well before that happens.
quote:
The league and networks have reached broad agreement on several points. ESPN will retain rights to the NBA Finals championship series, which will remain on ABC. Turner will keep its exclusive Thursday night franchise and NBA All-Star Game coverage.
Turner also will continue to manage the NBA’s digital assets, which include NBA TV, NBA League Pass and NBA.com
I personally would have preferred this to go to the open market and would love a 3rd package for NBC or Fox Sports. I hate majority of ESPN's coverage of the NBA.
Good news for the league though.
6
Posted on 9/8/14 at 6:57 am to RTR America
Not really. This just puts more pressure on the league to find the next Kobe
Posted on 9/8/14 at 7:11 am to theunknownknight
???
This deal is what's gonna raise the cap space a ton in the next couple of years and lead to another lock out
This deal is what's gonna raise the cap space a ton in the next couple of years and lead to another lock out
Posted on 9/8/14 at 7:14 am to RTR America
this would be a big win for the players
Posted on 9/8/14 at 7:16 am to Dr. Shultz
Yup
Its hilarious
NBA owners may piss off fans if they do though. Things are different now
Its hilarious
NBA owners may piss off fans if they do though. Things are different now
Posted on 9/8/14 at 7:31 am to RTR America
Posted on 9/8/14 at 7:36 am to Pilot Tiger
quote:
this would be a big win for the players
which is exactly why the owners are going to lockout the players and cut them out of these gains
Posted on 9/8/14 at 8:14 am to SlowFlowPro
quote:
which is exactly why the owners are going to lockout the players and cut them out of these gains
millionaires vs billionaires. The billionaires always win
Posted on 9/8/14 at 8:45 am to Dr. Shultz
quote:
This deal is what's gonna raise the cap space a ton in the next couple of years and lead to another lock out
think of the NBA's international rights which are more than the other big 3 leagues combined probably...
also think about why lebron's deal is only two years...
Posted on 9/8/14 at 9:53 am to chalmetteowl
With this deal, will Fox Sports Southwest be able to continue broadcasting Spurs game for the local TV market??
Please say YES!
Please say YES!
Posted on 9/8/14 at 9:55 am to RTR America
the NBA is going to overtake the NFL domestically sooner rather than later
Posted on 9/8/14 at 10:10 am to DelU249
quote:
the NBA is going to overtake the NFL domestically sooner rather than later
In terms of what?
Posted on 9/8/14 at 10:12 am to LSUfonte
quote:
With this deal, will Fox Sports Southwest be able to continue broadcasting Spurs game for the local TV market??
This won't have anything to do with local broadcasts. That's on a team-by-team basis
Posted on 9/8/14 at 10:15 am to RTR America
i guess LeBron was smart to sign such a short deal
Posted on 9/8/14 at 10:33 am to Dr. Shultz
quote:
This deal is what's gonna raise the cap space a ton in the next couple of years and lead to another lock out
quote:
Dan Feldman of Pro Basketball Talk has done the math based on the basketball related income and estimates that the increased income from the TV deals would push the NBA salary cap up by nearly $16 million from the $63 million for the 2014-15 season. ESPN previously reported a similar figure.
LINK
This post was edited on 9/8/14 at 10:35 am
Posted on 9/8/14 at 10:38 am to RTR America
Would like Fox Sports 1 or NBC to get in on this.
ESPN has an extremely horrible NBA broadcast. I'm sure NBC would be really, really well put together.
ESPN has an extremely horrible NBA broadcast. I'm sure NBC would be really, really well put together.
Posted on 9/8/14 at 11:26 am to RTR America
Lebron getting that MJ deal in two years.
30+ Mill a year Bawwww
30+ Mill a year Bawwww
Posted on 9/8/14 at 3:30 pm to Dr. Shultz
quote:
This deal is what's gonna raise the cap space a ton in the next couple of years and lead to another lock out
So true and it pisses me off. Players are, of course, the selfish ones
Posted on 9/8/14 at 3:34 pm to VermilionTiger
quote:
Would like Fox Sports 1
The NBA isn't moving it's games to TV Siberia.
This post was edited on 9/8/14 at 3:35 pm
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