Oct 11, 2012, 6:24 PM EDT
The NBA is serious about expanding into the Chinese market.
That is more than just a couple preseason games — the Heat beat the Clippers in Beijing early Thursday and they meet again this weekend in Shanghai — and having players go over there on shoe company sponsored tours. They have an official NBA office in China and now they are about to have an actual footprint.
The NBA is actually building a sports/entertainment complex, reports the New York Times.
The N.B.A. Center — a basketball extravaganza that will include a gym and an N.B.A.-themed cafe, a restaurant and a store as well as an interactive gaming area and a children’s zone — will be placed at the center of a $1.5 billion, 800-hectare, or 2,000-acre, property development being built by a Chinese company….
Why China? As always just follow the trail of money.
China is already the second-biggest market for the N.B.A., after the United States, and it is a key to the league’s international strategy, with revenue of more than $100 million for the past year, according to analysts.
And with the size of China, the growing middle class in that nation and a growing love of basketball there, this makes a lot of financial sense. The league plans to build more than one eventually, league officials said.
Doing business in China and understanding the market there are not simple, but the league is committed to it, clearly. Because you don’t see them building like this in Europe or Mexico.
Jul 10, 2014, 1:25 AM EDT
Rockets have 72 hours to match
Jul 10, 2014, 12:08 AM EDT
Flip Saunders has been patient all along, that’s not changing now.
Jul 9, 2014, 11:26 PM EDT
Toronto keeping core together from successful 2013-14 team
Jul 9, 2014, 11:00 PM EDT
Does that bode better for Heat or Cavaliers?
Rockets can’t keep Dwight Howard, James Harden and Chandler Parsons and give Chris Bosh max contract
Jul 9, 2014, 10:32 PM EDT
Has Bosh decided on signing with Houston if LeBron James leaves Heat anyway?
Jul 9, 2014, 9:34 PM EDT
Is any of this really helping Sterling’s case? Who knows. But it’s great drama.
Jul 9, 2014, 8:59 PM EDT
Former Pistons coach Lawrence Frank, former Bucks coach Larry Drew could follow
Jul 9, 2014, 8:25 PM EDT
Scott has always been the frontrunner.
Jul 9, 2014, 7:50 PM EDT
What’s next for LeBron, Cavaliers and Heat?
Jul 9, 2014, 7:08 PM EDT
Houston would have 72 hours to match max or near-max offer
Jul 9, 2014, 6:40 PM EDT
Popovich used to joke he was leaving when Duncan does, but he’s having fun now.
Jul 9, 2014, 6:20 PM EDT
LeBron James’ max: $118,705,300 over five years
Carmelo Anthony’s max: $129,135,810 over five years
Jul 9, 2014, 6:07 PM EDT
It’s a real long shot, but if the Cavs actually land LeBron they should swing for the fences.
Jul 9, 2014, 5:28 PM EDT
The NBA business is good.
Jul 9, 2014, 4:05 PM EDT
He was never really in the mix to join LeBron anywhere, the two hadn’t been talking.
Charlie Villanueva launches ‘Crossroads’ webisode series documenting his free agency experience (VIDEO)
Jul 9, 2014, 3:27 PM EDT
Eight-part video blog series takes you behind the scenes.
Jul 9, 2014, 2:47 PM EDT
Maybe this isn the first domino of free agency, the question is what way it falls.
Jul 9, 2014, 2:11 PM EDT
A move from Miami to Cleveland, for example, wouldn’t be so bad.
Jul 9, 2014, 1:45 PM EDT
The Pelicans need help at the three, Howard trying to prove he can still help at age 34.
Jazz expected to match Hornets’ max contract offer to Gordon Hayward, which is absolutely the right decision
Jul 9, 2014, 1:02 PM EDT
Small market teams like Utah and Charlotte don’t have much of a choice.
- Reports: LeBron James and agent done meeting with teams 46
- Rockets can’t keep Dwight Howard, James Harden and Chandler Parsons and give Chris Bosh max contract 35
- Donald Sterling in court calls wife “pig,” promises to sue NBA “until I die” 28
- Report: LeBron James leaves meeting with Pat Riley without committing to Heat 82
- Report: Mavericks shake up Rockets’ free-agent plans, agree to offer sheet with Chandler Parsons 36
- Gregg Popovich agrees to extension with Spurs, likely stays past Tim Duncan era 26
- Report: Cavaliers want to swing Kevin Love trade if LeBron James comes to town 49
- NBA salary cap jumps nearly $5 million next year to $63 million, luxury tax line $76.8 million 7