Tag: Business

For the second straight year, the Hawks …

For the second straight year, the Hawks and State Farm Arena finished first in overall in-game experience among season-ticket holders in an NBA-wide survey recently completed by the league. The in-game experience category was made of ratings for arena ushers, in-game entertainment, in-arena technology, in-arena retail and in-arena food experience. Eighty-one percent of Hawks season-ticket members classified the in-game experience as either “extremely satisfied” or “outstanding.”

Hachimura will be Goat’s second brand …

Hachimura will be Goat’s second brand ambassador, joining Los Angeles Lakers forward Kyle Kuzma. The company doesn’t pay cash to its ambassadors, instead it provides a suite of products — rare sneakers that can sell on the site for thousands of dollars. Hachimura’s collection will all be Air Jordans, given his multiyear agreement with the Nike Inc. brand.

Paul, a well-known sports agent and …

Paul, a well-known sports agent and representative of Los Angeles superstar LeBron James, said he wants to use the discussion to empower youth through not only education, sports and civic engagement, but financial literacy. “There are no dinner-table conversations educating to what’s going on about how to understand credit, how to understand how Bob Iger is now the CEO of Disney,” Paul, 39, told CNBC in an interview. “What does that mean? How does someone get to that point? We don’t grow up understanding those dynamics. We grow up understanding that life is hard, and it’s going to be difficult for me to make it out [of underprivileged environments].”

Most of the headline news for the NBA …

Most of the headline news for the NBA has not been flattering the past few months. Television ratings are down, with injured stars sidelined; business with China is in jeopardy over a tweet from Houston Rockets GM Daryl Morey; and in New York, the league’s biggest market, the Knicks are going through a seventh consecutive losing season while their owner feuds with fans. But our research shows the business of basketball is still red hot. NBA franchise values continue to soar, up 14% in the past year to an average of $2.12 billion. Compare that with an 11% annual increase for NFL teams and 8% in Major League Baseball, with average values of $2.86 billion and $1.78 billion, respectively. NBA values are up nearly sixfold over the past decade.

By our scorecard, the moribund New York …

By our scorecard, the moribund New York Knicks grab the top spot ($4.6 billion) for the fifth straight year, up 15%, followed by the Los Angeles Lakers ($4.4 billion) and the Golden State Warriors ($4.3 billion). These three teams have by far the highest revenue in the NBA. Only the Dallas Cowboys ($5.5 billion) are worth more than the Knicks among North American sports franchises, with the New York Yankees ($4.6 billion) the only other team ahead of the Lakers and the Warriors.