• Follow us on Twitter @buckeyeplanet and @bp_recruiting, like us on Facebook! Enjoy a post or article, recommend it to others! BP is only as strong as its community, and we only promote by word of mouth, so share away!
  • Consider registering! Fewer and higher quality ads, no emails you don't want, access to all the forums, download game torrents, private messages, polls, Sportsbook, etc. Even if you just want to lurk, there are a lot of good reasons to register!

New York Knicks (2x NBA Champions)

Forbes says Knicks are worth $3 billion, most valuable team in NBA

The New York Knicks are the most valuable team in the NBA and fourth among all US sports franchises, according to Forbes. They are worth a whopping $3 billion after signing a new local television deal.

From Forbes:

The average NBA franchise is now worth $1.25 billion, up 13% over last year on the heels of a 74% gain the previous year after the national media deals were completed.

The New York Knicks reclaim the top spot from the Los Angeles Lakers after a one-year hiatus, thanks to a new cable deal and the highest premium-seating revenue in the league at almost $90 million. The split of the media and sports assets of Madison Square Garden Company in September precipitated a new media rights deal for the Knicks with the MSG regional sports network. The 20-year pact kicks off this season and is worth $100 million in the first year. We value the Knicks at $3 billion, up 20% and fourth most among U.S. sports franchises behind only the Dallas Cowboys ($4 billion), New England Patriots ($3.2 billion) and New York Yankees ($3.2 billion).

The last two seasons rank among the three worst in Lakers history, and the 2015-16 season, which doubles as Kobe Bryant's retirement tour, is shaping up even worse. Even so, the Lakers are the NBA's most profitable team thanks to the club's 20-year, $3.6 billion deal with Time Warner Cable's SportsNet LA. Ratings were off more than 50% for Lakers' games during the 2014-15 season with Bryant sidelined by injuries most of the year, but the average audience size of 122,000 viewers per game was still the second highest in the NBA. Operating profits, in the sense of earnings before interest, taxes, depreciation and amortization, were an NBA-record $133 million last season by our count. The Lakers are now worth $2.7 billion.

Rounding out the top five are the Chicago Bulls ($2.3 billion), Boston Celtics ($2.1 billion) and Los Angeles Clippers ($2 billion). Thirteen teams are worth at least $1 billion, up from just three two years ago.

Entire article: http://www.cbssports.com/nba/eye-on...are-worth-3-billion-most-valuable-team-in-nba
 
Upvote 0

Knicks' Jalen Brunson accepts $156.5M, $113M less than '25 deal

In a largely unprecedented financial concession to give roster flexibility to a contending franchise, New York Knicks All-NBA guard Jalen Brunson has agreed to a four-year, $156.5 million contract extension -- $113 million less guaranteed than he is eligible to sign for a year from now -- his agent, Sam Rose of CAA, told ESPN on Friday.

The deal, which begins in 2025-26 and will cost Brunson $37.1 million over the next three years, comes with a fourth-year player option, Rose said, and that would set up Brunson to recoup the $113 million on a four-year, $323 million maximum extension in 2028 or a new five-year, $418 million deal in 2029.

Brunson, 27, became eligible to negotiate and sign the maximum extension Friday.



While there is an inherent risk of injury and unforeseen complications that come with Brunson's decision to push back his most lucrative NBA paydays, his priority remains to maximize the prime of his career with the franchise's most talented and deepest roster since the 1990s.

The repercussions of Brunson choosing the four-year, $156.5 million max deal over the five-year, $269.1 million deal in 2025 are massive for the Knicks' ability to keep this team together and keep making roster moves to close the gap on a championship. Brunson's deal keeps the Knicks out of the second-apron level of the salary cap, a punitive threshold that severely limits a team's ability to make trades, sign players and use draft picks.
.
.
.
continued
 
Upvote 0
Back
Top