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

Average NBA team revenue for 2020-21 was $263 million, (up from $292 million in the 2019-2020 season), while the average franchise was worth $2.2 billion, up from $2.1 billion in 2019-2020, according to Forbes.  Team values have skyrocketed since 2011, when no franchise was valued at even $1 billion.  A new seven-year collective bargaining agreement was signed in late 2016 which allows for hikes in average salaries (from $5 million to $9 million). As of early 2021, the New York Knicks were the NBA’s most valuable franchise, valued at $5.0 billion, up 9% from 2020.  The Knicks were followed by…

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