Nov 14, 2012, 3:14 PM EDT
During the NBA lockout, we all got frustrated watching the owners and argue over how to divide up $4 billion in revenue. Billion. With a “B.”
Now, make that $5 billion.
That is what NBA Commissioner David Stern said speaking Tuesday at Beyond Sport United conference in New York, according to the Associated Press.
The $5 billion figure is considerably higher than the $4.3 billion estimated that would come in under the BRI this season (via NBA CBA FAQ from the brilliant Larry Coon).
The owners will get a higher share of that revenue — under the old CBA the players were guaranteed 57 percent of the league’s revenue, that falls to 50 percent this year under the new CBA. Hopefully now, somehow, these poor men can find a way to turn a meager profit (*cough*).
The increase in revenues shows fans and sponsors did not leave the league during the lockout. It shows that local television deals are up, as is the spread of the NBA brand globally. You can also chalk some of this up to an economy starting to find it’s footing and turn around (we hope).
In case you’re curious, the NFL has revenues of around $9 billion and MLB around $7.5 billion.
- Tony Parker hits a back over-the-head halfcourt shot (VIDEO) 8
- Timberwolves ‘not necessarily in a rush’ to agree to contract extension with Ricky Rubio 15
- Andray Blatche signs deal to play in China next season 11
- Is Klay Thompson the best two-way shooting guard? Stephen Curry would ‘put him up against anybody.’ 18
- UPDATED Report: Timberwolves make push for Eric Bledsoe, Suns not interested in sign-and-trade talks 40
- LeBron James unveils latest signature shoe from Nike: The LEBRON 12 12
- ProBasketballTalk 2014-15 Preview: Toronto Raptors 10
- Dwyane Wade credits David Stern’s dress code for improving his style 18