. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER. The NBA makes money primarily through television, merchandising, sponsorships, and tickets. The biggest takeaway from this dataset is that dual-class structures have become much more prevalent among U.S. tech firms. How Do Esports Companies Compare with Sports Teams? NBA total league revenue 10.02bn USD Detailed statistics Total revenue of the National Basketball Association 2001-2022 Average operating income per franchise in the NBA 90.8m USD. Ranked: The Largest Bond Markets in the World. "The NBA is flexing its muscle and has to support mandates for the greater good because that's really what we're talking about here.". Get in touch with us. Exchange rate of 1 USD to 0.95 EUR used for June 2022, date of original publishing. Memphis Grizzlies have the smallest revenue from local TV deals, with $9.4 annual revenue. Mapped: Asias Biggest Sources of Electricity by Country. COVID-19 contributed to the NBA losing $1.5 billion in revenue in 2020. . Cited revenue was USD 1300million; approximate average exchange rate of USD 1.098 per EUR 1 for October 2016 used here. Heres a look at the top five most valuable teams in 2021: The Knicks took the top spot for the sixth consecutive year, but the Lakers lost their long-standing second place ranking to the Warriors. The average price of NBA game tickets grew 50% over the last 10 seasons. During the 2020/21 season, the NBA generated $1.46 billion in revenue from sponsorships. (These executives spoke to CNBC on condition of remaining anonymous as they aren't allowed to comment on team affairs.). Only 1 small forward had a top10 NBA salary in 2021, and 4 of them were in the top20. Are you interested in testing our business solutions? The median salary in the NBA currently presents 49% of the average NBA salary. Before the rift, the NBA's business in China was worth about $5 billion. There are two major patterns that can be seen from our infographic. exchange rate of 69.1649 RUB per 1 for December 2017 used here. Santiago Bernabu Stadium, The home of Real Madrid Club de Ftbol, the most valuable Association Football team in the world in 2023. Are new versions of running shoes even better? Broadcasting deals present the largest source of revenue for the NBA. When asked about these accomplishments, NBA commissioner Adam Silver released a statement to the press, The numbers did surprise me to a certain degree because it exceeded, and the projections represent where we think our business is going. Silver told the crowd last Tuesday that the NBA's overall viewership is down. Add Basketball Insiders to your Google News Feed! Nippon Professional Baseball. Then you might enjoy this article Investing in the Beautiful Game of Football. The NBA's national media rights are tied to its high franchise values. Dimitrije loves to tell hoop stories through numbers and graphics and has been featured on Fansided, FiveThirtyEight, Eurohoops, and TalkBasket among the others. Due to varying update cycles, statistics can display more up-to-date In their annual rankings, Forbes said franchise values across the league have risen 15% over the past year to reach an average value of $2.86 billion. In, Forbes. This is a 19% decrease from 2020, and the second year in a row with a decrease in revenue, after dropping by 10% in 2020. Read our list of the best NBA betting sites and sportsbooks in 2022. More news articles related to NBA revenue in 2022, the Lakers, Knicks and Warriors are on the main page. But, fast forward to 2020, and every team in the league was profitable, with average operating income surging to $62 million. That number comes from the NBA's last regular opener in October 2019, when the Lakers played the Clippers and averaged 3.58 million viewers on TNT. Wake Forrest NBA players have the largest salary in the league from 1991 to 2022 with $7.19 million. On Tuesday, the NBA will see if any one of its games will surpass 3.5 million viewers. The NBA revenue by year goes higher if you factor in TV rights, merchandising, and sponsorship. This implies a 39% reduction in regular season games from 1,189 to 725, but their playoff games were unaffected 6. NBA players from 8 different colleges earned over $1 billion in total from 1991 to 2022. Over the last 3 seasons, point guards salary in the league grew 20% on average, the most in the league. Stanfords Former No.1 Recruit Lauren Betts Enters Transfer Portal, Eyes Iowa Hawkeyes as Next Destination, The internet reacts to Charles Barkley losing $1 billion bet to Shaquille ONeal as Heat lose to the Hawks: Hes broke now. In 2011, 22 of the 30 teams were losing money, and the average operating income per team sat at $6 million. 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). Expressed in 1991 dollars, the average NBA salary presents only 50% of the actual salary. The league also announced that basketball-related income reached US$8.9. Not to mention, the NBA earned $1.4 billion in sponsorship revenue. NBA revenue slipped from $8.8 billion in 2018-19 to $8.3 billion for the 2019-20 season. The NBA's revenue dropped 10% to $8.3 billion for the 2019-20 season amid losses because of the coronavirus pandemic, according to financial numbers shared with teams and obtained by ESPN. Covid is still around, but audiences are back in arenas, which is good news for attendance revenue, and Silver told attendees the NBA expects to make $10 billion for its 75th anniversary. The NBA topped $10 billion in annual revenue for the first time ever in the 2021-22 season. With the financial year 2022-23 having come to a close, the process of filing ITR for FY 22-23 has now begun. 951 crore: Jay Shah", "NuRock significant financial beneficiaries of USL revenues", Major League Soccer, Adidas Agree To $700 Million Extension, https://en.wikipedia.org/w/index.php?title=List_of_professional_sports_leagues_by_revenue&oldid=1150227669, This page was last edited on 17 April 2023, at 00:25. When asked by CNBC on Monday if NBA games would return on CCTV this season, Silver said: "It's unclear whether we'll be back on CCTV this year. Oregon State students are second with 12.2%, followed by Wake Forest (11.2%). The largest drop in revenue occurred during the 2020/21 season, with a 19% yearly decrease. Source cites $R 7 billion; Exchange rate used for December 2021, 1 Brazilian Real is equivalent to 0.16 EUROs. The Nets have sidelined Irving, who was scheduled to make $34 million this season, because he remains unvaccinated. That included a Christmas game between the Los Angeles Lakers, who have the NBA's biggest star in LeBron James, and the Dallas Mavericks, with rising star Luka Doncic, that averaged 7 million viewers. 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.. Please create an employee account to be able to mark statistics as favorites. Team revenues linked to local TV media deals would suffer and exposure would drop, creating a sort of downward spiral. The KHL has 24 teams in its current 202122 season. Then you can access your favorite statistics via the star in the header. Putting the spotlight on style, The UC Davis Fashion and Design Society presents "Intertwined" at this year's Picnic Day on Saturday, April 15, at 11 a.m. and 1 p.m. "National Basketball Association Total League Revenue from 2001/02 to 2021/22 (in Billion U.S. This is the 3rd lowest share since 1990-91 season. They took over the no1 from the centers, who dominated for 6 straight years prior to the 2019-20 season. MEXICO CITY (AP) Mexican prosecutors said Friday they have arrested three more officials of the country's immigration agency for a fire at a detention center last month that killed 40 migrants. That was up 32% from the 2020 NBA bubble Finals featuring the Lakers and Miami Heat, which averaged 7.5 million viewers. While trades are contemplated, the 76ers culture and team continuity will be tested with Simmons back following an eventful training camp. All of which leaves the WNBA a little short of money. The average NBA salary for the 2021-22 season stands at $8.25 million, which presents a 4% increase from the 2020-21 season. Source: Forbes Consumption of Fuel and Materials per Capita, The Periodic Table of Commodity Returns (2013-2022), Visualizing 25 Years of Lithium Production, by Country, Ranked: The Worlds Largest Copper Producers, Mapped: Air Pollution Levels Around the World in 2022. This statistic is not included in your account. Shooting guards are the lowest-paid players in the NBA for the 8th season in a row, and the only position with an average salary under $7 million in 2021. It's causing problems as the NBA obeys local government policies that require people to be vaccinated before entering public places. The bench features elite defenders, as well as shooters. For that matter, some teams make a year-over-year profit; othersnine, according to a 2017 ESPN reportoperate at a loss even after revenue sharing payments. Where are Clean Energy Technologies Manufactured? The NBA debt is currently $6.7 billion, increasing by 24% compared to the previous year. This marks a significant increase on the figure from the 2020/21 season, which stood at. Super League's next season in 2020 will include a team from Canada. Giants of the sport like Michael Jordan, Larry Bird, Dr. J, Kobe Bryant, and LeBron James have attracted throngs of loyal fans, spearheaded dynasties, and sold more . Houston Rockets have a 20-year, $1.37 billion deal that nets them $66.7 million per year. 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. Returns were calculated through the end of December 2021. It can happen. James is a Basketball Insiders contributor. However, thanks to hefty TV contracts and player salary cuts, average operating income only fell by 11.4%, from $70 million to $62 million. Exchange rate of 1.1654 per 1 for 202021 season used here. The NBA has gained undeniable traction over the last decade, at least from a financial standpoint. National Basketball Association all-time triple double leaders 1946-2023, Value of National Basketball Association franchises 2022, National Basketball Association all-time assists leaders 1946-2023, To download this statistic in XLS format you need a Statista Account, To download this statistic in PNG format you need a Statista Account, To download this statistic in PDF format you need a Statista Account. The NBA's big trade last season involved Harden. The NBA Collective Bargaining Agreement (CBA) is a contract between the National Basketball Association (the commissioner and the 30 team owners) and the National Basketball Players Association, the players' union, that dictates the rules of player contracts, trades, revenue distribution, the NBA Draft, and the salary cap, among other things.In June 2005, the NBA's 1999 CBA expired, meaning . Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Per Sportrac, Jordan's first NBA deal with the Chicago Bulls paid him $6.3 million over seven years. Silver's league could achieve that number with the TNT broadcast of the Lakers playing the Golden State Warriors, featuring the league's two biggest superstars, James and Steph Curry. The undergraduate students in the Signature Collections course will present their pieces live and outdoors at the Cruess Hall Maker Space Courtyard. Most Super Bowl wins by NFL team 1967-2023, Average ticket price in the NFL by team 2021, FIFA World Ranking: top male soccer teams 2022, Athletic footwear global market share by company 2015, Health & Fitness Clubs - Statistics & Facts, Sporting goods industry in the U.S. - statistics & facts, Research expert covering sports and video gaming, Profit from additional features with an Employee Account. Asked if China still wants the NBA, Silver told the room: "I assume so." NBA has become the fastest-growing sport in North America over the last few years. And the league launched its Africa business that's estimated to bring in $1 billion. We want to hear from you. The expenses of the Orlando Bubble were $190 million, $10 more than planned. The Warriors are a franchise with the largest average revenue growth in the 21st century, with an 8.5% yearly increase over 20 seasons. Despite a decrease in NBA profit per team last year, team values are up 4%from $2.1 billion in 2020 to $2.2 billion this year. We are happy to help. During the 1996-97 and 1997-98 seasons, Jordan earned more than the NBA salary cap limit was at a time. Taking salary cap change into consideration, German players have been the highest-paid in the NBA over the last 32 seasons, making 12.6% of the cap on average. dollars)." During the first decade of the 21st century, the league revenue had an average year-by-year growth of 5%. The 76ers and Simmons reunited last week after he missed training camp due to his offseason trade demands. Exchange rate of 1.1283 per 1 for 201819 season used here. From 18 to 27 years of age, NBA players make 5.3% of the salary cap on average. Adam Silver was all smiles as he entered a New York City hotel last Tuesday to give a room filled with sports executives an update on the National Basketball Association. Our goal was to investigate which colleges produce the highest-paid NBA players. 2. Many people love the sport of basketball, and the NBA will continue to make dreams come true through. Correction: This article has been updated to reflect the NBA's streaming deal with Tencent. The average salary of an NBA shooting guard stands at $6.50 million in the 2020-21 season, increasing 7% from the previous year. League revenue increased by 30 percent in second season", "Most people missed the biggest story of Grey Cup week in Ottawa 14 months ago. During the 90s, annual growth of the average NBA salary never dropped below 10%, peaking at 21% in 1995-96. Since the cited 201617 season, the KHL lost its Finnish, Latvian, Croatian Ukrainian and Slovakian teams. We analyzed NBA revenue data over the last 20 seasons and now presenting you 66 stats on how NBA generates money. Currently, you are using a shared account. The last time the two teams were featured was in a game for a playoff spot in May, and the contest averaged 5.6 million viewers. But some players, including Nets star guard Kyrie Irving, are against mandating the vaccination. Associated Press September. Which Countries are Buying Russian Fossil Fuels? This is a 5% increase from a year before. Additionally, fans are always curious to know the economic stature of their favourite franchise. Brooklyn Nets have the lowest operating income in the NBA with a negative $80 million. All Rights Reserved. That was the leagues target goal. 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