Sports Business: New NBA Media Rights Deal With ESPN / Turner Sports Delivers $24 Billion Over 9 Years To League
Sports Business Journal w/ the details of the NBA’s new lucrative 9 year Media Rights extension with ESPN and Turner Sports:
The NBA, ESPN and Turner today formally announced nine-year media-rights extensions worth a massive $24B through the ’24-25 season. The new deals begin with the ’16-17 season. The average annual $2.6B in combined payments is 2.8 times higher than the current deal, which averages around $930M per year.
Sources say ESPN will account for about $1.4B of the deal per year; and Turner’s payment will average around $1.2B. The league and the nets began negotiating in earnest back in February with both partners making sure the NBA did not turn to Comcast or Fox for a new deal. The deals keep other nets like FS1 and NBCSN from picking up a third package.
NBA Commissioner Adam Silver said the NBA “had discussions, but not negotiations,” with Comcast and Fox. Silver: “I don’t think we left any money on the table.” ESPN’s deal includes radio, int’l and WNBA rights. ESPN President John Skipper said, “Sports rights are more and more valuable.” Turner described this deal as a priority for its parent company, Time Warner. Turner President David Levy said, “It will be a meaningful valuable deal.”
End of an Era: Retiring Yankees legend Derek Jeter gives fans a final goodbye; delivers game winning hit in his final game in NY:
Via Yahoo Sports:
NEW YORK – The New York Yankees exist to make gods, to turn humans superhuman by virtue of their defining characteristics, real or imagined. Babe Ruth was the larger-than-life caricature, Lou Gehrig the classy figure felled by tragedy, Mickey Mantle the purest talent possible, Joe DiMaggio the essence of gracefulness, Yogi Berra the human malaprop. They live on in Monument Park, the center field homage at Yankee Stadium, to which people travel from around the world, as though on Hajj, to pay respects.
Derek Jeter arrived here with the No. 2 on his back, anointed before he’d taken a single swing with a single-digit number, which only Yankees greats wear. Before long, his sobriquet was clear: Derek Jeter, the epitome of clutch, the sort of legend that grew in his salad days and waned as the vagaries of time took with it most of his game. Read the rest of this entry
The NBA stars of USA Basketball win the gold medal; routing Serbia in Spain clinching a berth for 2016 Brazil Olympics:
MADRID — After being asked about it for weeks, they can answer honestly and without the least bit of arrogance. They are indeed unbeatable, the U.S. National Team, winners of 45 straight games in World Cup/World Championship and Olympic competition.
Yes, the best from the U.S. is way better than what anyone else can offer up on basketball’s global stage. Those NBA players who sported red, white and blue on Sunday in the gold medal game of the FIBA World Cup backed it all up by decimating Serbia early and rolling to a 129-92 win and repeating as champs after winning the 2010 World Championship in Turkey.
Serbian pride was supposed to carry the day and make the final the biggest and best test for a team of U.S. stars who weren’t even considered the “B-Team.”
“Yes, yes, yes,” said outspoken U.S. forward Kenneth Faried, who made the five-man All-Tournament team, trying to be mindful of U.S. coach Mike Krzyzewski‘s edict to respect the process and opponent. “I know what you are asking. So no, we are not ‘unbeatable.’ But we seemed to prove that theory in a different way tonight. We handled our business and got that gold medal.” Read the rest of this entry
NFL: Baltimore Ravens Cut Ray Rice After New 2nd Video Surfaces Showing Him Punching His Fiancee In Elevator
Ravens release Ray Rice after 2nd TMZ video is leaked showing his domestic assault on fiancee; Roger Goodell suspends him indefinitely but is accused of a coverup in receiving tape:
Via NY Times:
The Baltimore Ravens terminated running back Ray Rice’s contract Monday after a graphic video emerged of him punching his former fiancée, who is now his wife, in a hotel elevator in Atlantic City in February. The video raised fresh questions about N.F.L. Commissioner Roger Goodell’s handling of the situation; in July, the N.F.L. suspended Rice for two games.
The Ravens, who had not previously disciplined Rice in any public way, announced Rice’s release on their Twitter account Monday afternoon. The league, which had been widely criticized for not penalizing Rice more strongly, has now indefinitely suspended him.
“Commissioner Roger Goodell has announced that based on the new video evidence that became available today, he has imposed an indefinite suspension on Ray Rice,” the N.F.L. said in a statement. Rice will have to apply to be reinstated.
(Video) preview of Showtime’s upcoming fall 2014 documentary; “Kobe Bryant’s Muse”, directed by Gotham Chopra:
Kevin Love Officially Traded From Minnesota To Cleveland For Andrew Wiggins, Anthony Bennett Package
NBA: ESPN’s Brian Windhorst on how the Kevin Love- Andrew Wiggins trade came together and finally happened for Cleveland:
It was late last March, as a bad Cleveland winter drifted into spring, a frigid wind whipped snow outside the Cavaliers’ suburban practice facility.
Inside, the talk was of the team’s most recent nosedive. Owner Dan Gilbert had identified the season as when the team would take the step of making the playoffs but it wasn’t happening. The team had stumbled through the first 15 games after making a trade deadline deal for Spencer Hawes, losing 11 of them. It was the last attempt at a midseason-course correction, which included a trade for Luol Deng that hadn’t panned out, and the Cavs crashed to 18 games under .500.
Nobody was feeling good. The interim general manager, David Griffin, was unsure he’d keep the job. Coach Mike Brown was starting to fear, rightly, he was going to be fired just one season in. Gilbert’s patience had long since frayed and he was growing only more restless by the day.
It was at this low point — in some ways a deeper depth than that 26-game losing streak back in 2010-11, because this team had real expectations — that the Cavs’ front office huddled to consider what was, on the face of it, a ridiculous plan.
They were going to try to trade for Kevin Love. Read the rest of this entry
Team USA: Paul George’s Knee Fracture During USA Basketball Sidelines Pacers Star And Stuns Entire NBA Community
Pacers star Paul George breaks his right leg during Team USA scrimmage; will miss all of ’14-15 NBA season rehabbing injury while USA Basketball and his Pacers are now forced to regroup:
LAS VEGAS (AP) — Indiana Pacers All-Star Paul George on Saturday underwent successful surgery on his broken right leg and is expected to remain in the hospital for about three days. The 6-foot-9 George had an operation at Sunrise Hospital to repair the open tibia-fibula fracture, USA Basketball said in a statement early Saturday morning. Dr. David Silverberg, Dr. Joseph Yu and USA Basketball team physician Riley Williams, were present for the surgery, the release said.
George suffered the gruesome right leg injury late in the U.S. national team’s intrasquad scrimmage Friday night. He leaped to contest a fast-break layup by James Harden with 9:33 left in the fourth quarter and his leg smashed against the bottom of the backboard stanchion and crumpled. Trainers immediately ran onto the floor and after roughly 10 minutes of stoppage, George was taken out of the arena on a stretcher. With players looking visibly upset, coach Mike Krzyzewski then announced to the crowd that the scrimmage would not be finished out of respect to George and his family. Read the rest of this entry
Browns rookie QB Johnny Manziel debuts at Cleveland Browns training camp with plenty of buzz, distractions and excitement:
Via The Associated Press:
BEREA, Ohio — There were No. 2 jerseys everywhere, ringing the practice fields in various shapes, sizes and colors.
On the first day of training camp, Browns fans came out by the thousands, many of them to get their first live look at the popular and polarizing quarterback who electrified college football and who may one day lead Cleveland back to pro football glory.
They all came to see Johnny Manziel.
Strutting around the field with his usual swagger, Manziel went through his first training camp practice on Saturday, a workout that finally allowed the focus to be on his playing ability after months of his social life making headlines. A day after acknowledging he “made some rookie mistakes” with his off-the-field exploits, Manziel zipped passes and showed some of the elusiveness that earned him his Johnny Football nickname while at Texas A&M. “I have fun playing this game,” Manziel said. “I have fun going out on this field playing football. It’s what I live for, it’s what I love to do.” Read the rest of this entry
ESPN’s Kevin Arnovitz on the behind the scenes chatter among NBA Executives convening at NBA’s Las Vegas Sumer League:
LAS VEGAS — Summer league is the closest thing the NBA has to an industry conclave, and industry conclaves tend to be more about the chatter than the official events. Even though the league unfurled its most anticipated draft class in years this past week, the insiders who populate the VIP sections of the Thomas & Mack Center and its little brother, Cox Pavilion, were consumed with the same stories that propelled the news cycle for fans.
Some of that can be attributed to a free agency period that bled into the summer-league schedule, or that LeBron James announced his decision to return to Cleveland nine hours before Andrew Wiggins and Jabari Parker squared off in their NBA debuts, or that none of the touted rookies really dazzled.
“Ask me in five years,” says one NBA head coach about the rookie crop.
Whatever the case, this year’s rookie class didn’t wow the league’s decision-makers. Read the rest of this entry
NBA: LeBron James makes it official; releases a personal letter explaining why he’s returning back home to play for Cleveland:
LeBron releases announcement letter via Sports Illustrated
Before anyone ever cared where I would play basketball, I was a kid from Northeast Ohio. It’s where I walked. It’s where I ran. It’s where I cried. It’s where I bled. It holds a special place in my heart. People there have seen me grow up. I sometimes feel like I’m their son. Their passion can be overwhelming. But it drives me. I want to give them hope when I can. I want to inspire them when I can. My relationship with Northeast Ohio is bigger than basketball. I didn’t realize that four years ago. I do now.
Remember when I was sitting up there at the Boys & Girls Club in 2010? I was thinking, This is really tough. I could feel it. I was leaving something I had spent a long time creating. If I had to do it all over again, I’d obviously do things differently, but I’d still have left. Miami, for me, has been almost like college for other kids. These past four years helped raise me into who I am. I became a better player and a better man. I learned from a franchise that had been where I wanted to go. I will always think of Miami as my second home. Without the experiences I had there, I wouldn’t be able to do what I’m doing today.
I went to Miami because of D-Wade and CB. We made sacrifices to keep UD. I loved becoming a big bro to Rio. I believed we could do something magical if we came together. And that’s exactly what we did! The hardest thing to leave is what I built with those guys. I’ve talked to some of them and will talk to others. Nothing will ever change what we accomplished. We are brothers for life. I also want to thank Micky Arison and Pat Riley for giving me an amazing four years.