", USAtoday.com. Granted, thats largely due to a single outlier: the 2014 sale of the Los Angeles Clippers, who went for an unprecedented $2 billion. ", Forbes, Revenue of the Los Angeles Lakers from 2001/02 to 2021/22 (in million U.S. dollars) Statista, https://www.statista.com/statistics/196721/revenue-of-the-los-angeles-lakers-since-2006/ (last visited March 04, 2023), Revenue of the Los Angeles Lakers from 2001/02 to 2021/22 (in million U.S. dollars) [Graph], Forbes, October 27, 2022. This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries. Profit from the additional features of your individual account. The deal is worth $24 billion over 9 years, concluding in the 2024/25 season. They help us to know which pages are the most and least popular and see how visitors move around the site. Value of team based on current arena deal (unless new arena is pending) without deduction for debt. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2021-22 season. 'Kobe Copied Michael's Game'- LA Lakers Governor Tells Jimmy Connors Why Kobe Bryant Was Obsessed With Michael Jordan,LA Lakers president recently, revealed how Kobe Bryant was inspired by six-time NBA champion, Michael Jordan. Community Relations Associate. This is a 5% increase from a year before. ", Yahoosports.com. Valorant Champions 2023 Tournament To Be Held In Los Angeles, Los Angeles Chargers Have Shown Keenan Allen The Money But They Wont Show Him The Door, Todd Boehly, Mark Walter, Jerry Buss Family Trusts, tv: Spectrum SportsNet & ESPN Deportes; radio: ESPN LA 710AM, ESPN Deportes 1330AM. the official stats partner of the NBA, NHL and MLB. NBA to announce 9-year, $24 billion TV deal with ESPN, Turner, What The NBA's Insane New TV Deal Means For The League And For You, NBA signs deal with Nike; logo to appear on uniforms, Sponsorship Spending On The NBA Totals $861 Million In 2016-2017 Season, NBA Revenue Sharing: Small-Market Teams to Benefit from New Sharing Structure. The information does not usually directly identify you, but it can give you a more personalised web experience. Show publisher information Included in sponsorships, are naming rights for NBA arenas. As a result, networks are paying exorbitant amounts to televise these games. In the price breakdown were: . However, according to Forbes, which regularly compiles valuations of the 30 teams of the NBA, total revenue across the organization reached $8.76 billion in the 2018-19 season. Teams that spend over the threshold pay fines (estimated below). statistic alerts) please log in with your personal account. Across the 2018-19 season, the NBA generated about $8.76 billion in revenue. Consequently, the Cavaliers were the second to the Warriors in merchandise sales. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. "2018-19 NBA Fan Cost Index Rises 2.8%. To use individual functions (e.g., mark statistics as favourites, set 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. Portion of franchise's value attributable to its arena. Golden State Warriors faced the largest drop in revenue in 2021 with 46%. Hans Daniel Jasperson has over a decade of experience in public policy research, with an emphasis on workforce development, education, and economic justice. The loss of ticket sales alone is estimated to cost each team nearly $2 million on average per game.. The "credit" balance remains as an exception that can be used within the next year to acquire salary via trade without further relinquishing additional salary. 28.02.23. UFC 285 takes place Saturday at T-Mobile Arena in . Nextdoor Holdings stock is on the rise in late trading Tuesday after the locally focused social-networking site posted better-than-expected fourth-quarter results.. For the quarter, Nextdoor (ticker: KIND) reported revenue of $53.3 million, down 10% from a year ago, but above the company's guidance range of $50 million to $52 million, and ahead of the Street consensus estimate of $50.8 . Available: https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/, Los Angeles Lakers franchise value from 2003 to 2022, Average franchise value of National Basketball Association teams 2001-2022, Total revenue of the National Basketball Association 2001-2022, Average revenue of National Basketball Association teams 2001-2022, Average operating income of National Basketball Association teams 2001-2022, Average player expenses of National Basketball Association teams 2001-2022, NBA league & teams sponsorship revenue 2010-2022, Average per game attendance in the NBA from 2005-2022, NBA franchises ranked by most recent purchase price as of 2021, Teams of the NBA ranked by revenue 2021/22, Operating income of National Basketball Association franchises in 2022, Player expenses in the NBA by team in 2022, Average player salary in the NBA by team 2019/20, NBA regular season home attendance by team 2021/22, NBA regular season average home attendance by team 2021/22, Franchise value of the Los Angeles Lakers (NBA) 2003-2022, Operating income of the Los Angeles Lakers (NBA) 2001-2022, Player expenses of the Los Angeles Lakers (NBA) 2001-2022, Regular season home attendance of the Los Angeles Lakers 2006-2022, Gate receipts of the Los Angeles Lakers (NBA) 2010-2022, Los Angeles Lakers number of Facebook fans/Twitter followers 2012-2022, National Basketball Association all-time minutes leaders 1946-2022, National Basketball Association all-time rebounding leaders 1946-2022, Career games played leaders - Los Angeles Lakers 1948-2022, Career points leaders - Los Angeles Lakers 1948-2022, Career rebounds leaders - Los Angeles Lakers 1948-2022, Los Angeles Lakers concession stand prices (beer, soft drink, hot dog) 2010-2016, Kobe Bryant points scored in the NBA 1996-2016, by season, Kobe Bryant average points scored in the NBA 1996-2016, by season, Kobe Bryant games played in the NBA 1996-2016, by season, Average ticket price Los Angeles Lakers (NBA) games 2015/16, Los Angeles Clippers concession stand prices (beer, soft drink, hot dog) 2010-2016, Detroit Pistons concession stand prices (beer, soft drink, hot dog) 2010-2016, Minnesota Timberwolves concession stand prices (beer, soft drink, hot dog) 2010-2016, Dallas Mavericks concession stand prices (beer, soft drink, hot dog) 2010-2016, Fastest growing private companies in New Hampshire by growth rate 2021, Opinion of adults on personal financial situation over past year U.S. 2020, by race, Mexico: employees in toiletries, cosmetics & jewelry wholesale 2014-2021, Style/fashion/fit influence sports footwear purchase decisions U.S. 2014, Number of potted plants produced in Canada by province 2021, Most anticipated gifts on Father's Day according to U.S. residents 2017, United States - Number of tattoos in 2019, Industry revenue of security systems service activities in Bulgaria 2012-2025, Los Angeles Lakers franchise value from 2003 to 2022 (in million U.S. dollars), Find your information in our database containing over 20,000 reports. "History. Do you have a sports website? Google has been the market leader in online advertising for well over a decade and. This includes ticket purchases and concessions, TV deals that deliver the game to viewers' homes, andmerchandisingrights from jersey and apparel sales. Certified Level 100 US Ski and Snowboard coach. They selected George Mikan with the 1st pick in the 1947 NBA draft. With a TV deal valued at $24 billion, a $1 billion Nike deal, an increasing number of corporate sponsors, rapid international growth, and an average NBA team value over $1 billion, the NBA is firmly entrenched among the biggest and most valuable leagues in all of world sports. The Lakers finished with a gargantuan $115 million profit as measured by net income even after writing a revenue-sharing check for almost $49 million, according to league accounting. As a Premium user you get access to background information and details about the release of this statistic. Each one of the teams is worth at least $1 billion, and a team is worth on average $2.12 billionabout 14% higher than the 201718 season.. NBA has become the fastest-growing sport in North America over the last few years. Please create an employee account to be able to mark statistics as favorites. As stated above, revenue from this system is not a part of basketball-related income. Eleven international players are current or former NBA All-Stars, and the two-time NBA MVP, Giannis Antetokounmpo, hails from Greece.. Investopedia requires writers to use primary sources to support their work. In 2017, the Lakers broke their franchises history by becoming the 16th team to have a jersey sponsor deal. However, according to Forbes, which regularly compiles valuations of the 30 teams of the NBA, total revenue across the organization reached $8.76 billion in the 2018-19 season. Brand Loyalty: What It Is, and How to Build It, Market Segmentation: Definition, Example, Types, Benefits, What Is Behavioral Economics? 2. The Lakers at Memphis game on 2/28 will now tip-off at 4:30pm PT and be broadcast on Spectrum SportsNet and TNT (blacked out in the LA market). Investopedia requires writers to use primary sources to support their work. The team may only sign outside players using any available exceptions or at league minimum salaries. The Lakers ARE THE worst team '14-'18. ", NBA. Even with a total of 400-odd active players making an average of close to $6.7 million annually (as of 2019-20), national TV contracts generate enough revenue to cover salaries and then some.. Contributing to its growth, the NBA has focused on expanding basketball viewership overseas to Europe and China. ", NBA. Read about monetization on Facebook, YouTube, TikTok, and Twitter. Current team value compared with latest transaction price. The report offers an in-depth breakdown of type and application segments and their sub-segments. Broadcasting deals present the largest source of revenue for the NBA. The "credit" balance remains as an exception that can be used within the next year to acquire salary via trade without further relinquishing additional salary. Over the last decade, the average sale price of a team has tripled. Micky Arison is the director and chair of Carnival Corporation and managing general partner of the NBA team, the Miami HEAT. October 27, 2022. The Jazz are followed by the Knicks ($71 million) and the Lakers ($63 million). The Multiple Revenue Streams Of The NBA The NBA continues to grow as basketball is now the second most popular sport worldwide, after soccer. becomes available when a team relinquishes more salary than it acquires during a trade. Nike's Jordan division reported revenue of $3.6 billion, up 15%, in the company's fiscal year ending in May 2020, including the brand's first $1 billion quarter. The average NBA franchise netted $25 million in operating income in 2021. The largest drop in revenue occurred during the 2020/21 season, with a 19% yearly decrease. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Before the Time Warner Cable contract, the Lakers had a deal with Fox Sports West in which they were getting $30 million per year in rights fee. According to ESPN, for the 2018-2019 season, teams saw an average of anywhere from just under 15,000 to just over 20,000 fans attend per home game. With tickets costing close to $74 on average (in the 2018-19 season), the money earned from ticket sales adds up quickly. Along with tickets, additional Basketball Related Income (BRI) includes concessions and other sales. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The largest revenue increase was 26%, in the 2916/17 season. With expanding viewership, revenue in the NBA has significantly grown. Logos were compiled by the amazing SportsLogos.net. The drought had not yet finished since they posted another bad season resulting into 5 of the worst ten seasons in franchise history over the last five years. Local revenues divided by metro population with populations in two-team markets divided in half. [Online]. "Sponsorship Spending On The NBA Totals $861 Million In 2016-2017 Season. These cookies are necessary for the website to function and cannot be switched off in our systems. Explore Sportico's 2021 NBA Franchise Valuations with this interactive data visualization. All teams pool their eligible revenue together to redistribute it from teams with higher revenues to those with lower. We analyzed NBA revenue data over the last 20 seasons and now presenting you 66 stats on how NBA generates money. Lakers president of business operations Tim Harris said the partnership with Sportfive should net the franchise the best deal available: Get viral NBA graphics, memes, rumors and trending news delivered right to your inbox with the Clutch Newsletter. Kevin Jairaj-USA TODAY Sports. As a Premium user you get access to the detailed source references and background information about this statistic. Total Revenue: est. 1 Basketball-related income. Theories, Goals, and Applications. A THIRD of the labor force are in low-skill and low-paying jobs that make them vulnerable to falling into poverty, according to the World Bank. In June 2015, the NBA ended its long-standing partnership with Adidas and signed an eight-year, $1 billion contract withNike(NKE). They're tied with the Celtics as the most decorated team in history, with 17 championships to their name. A paid subscription is required for full access. An updated look at the Los Angeles Lakers 2022 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer. including the breakdown of revenue sources nationwide, in compliance with an . Like the MLB and NFL, the NBA operates with a revenue sharing system. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the .
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