NBA (National Basketball Association) Regroups Under New Contract

The National Basketball Association (NBA) is a professional basketball league in North America comprised of 30 teams. The league has two conferences, the Eastern Conference and the Western Conference, with each of those divided into three divisions. A standard season has 82 games, which allows each team to play the other teams in their conference eight times. The NBA season begins in late October and ends in April, with the NBA finals played in June after a series of playoffs. Basketball is a fast-paced game with an intimate feeling to it, as the court upon which it is played is relatively small, compared to the fields of baseball, soccer and football. The number of seats at a professional basketball facility is typically only one-quarter of those found in a football stadium.

Team values have skyrocketed since 2011, when no franchise was valued at even $1 billion. A seven-year collective bargaining agreement was signed in late 2016 which allowed for hikes in average salaries (from $5 million to more than $9 million).

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NBA (National Basketball Association) Regroups Under New Contract, Business and Industry Trends Analysis

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