NBA signs 11-year, $10.5 billion media deal…longest and most expensive in history

The National Basketball Association (NBA) has signed the longest and most expensive media deal in its history.

The NBA has signed media deals totaling $76 billion over 11 years, pending approval by the league’s board of governors, the Associated Press reported today (Nov. 11), citing sources.

The deal, which sets new records for the length and total value of a contract in NBA history, will go into effect for the 2025-2026 season.

Games will continue to be broadcast on ESPN and ABC, with select games on NBC and Amazon Prime.

The deal will allow teams to increase their salary cap by up to 10% per year, according to the Associated Press. This means that by the mid-2030s, there could be players earning $100 million a year.

As the total value of broadcast rights packages has increased over the past 25 years, so have player salaries, which has a major impact on the salary cap.

In the 1998-1999 season, when NBC-Turner signed a four-year, $2.6 billion deal, the salary cap was $30 million per team, with an average salary of about $2.5 million.

For the 2023-2024 season, the salary cap is $134 million and the average salary is more than $10 million.

The mega-contract has also given the NBA the impetus to launch teams in Las Vegas, Seattle, and Montreal-Vancouver, Canada, where there are no professional basketball teams. 카지노사이트 추천