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

Average NBA team revenue for 2017-18 was $246 million (up from $196 million for the 2016-17 season), while the average franchise was worth $1.65 billion, up from $1.36 billion for 2016-17, according to Forbes.  A new seven-year collective bargaining agreement was signed in late 2016 which removed concerns regarding a play stoppage for 2017 and allows for hikes in average salaries (from $5 million to $9 million). As of early 2018, the New York Knicks were the NBA’s most valuable franchise, valued at $3.6 billion, up 9% from 2017.  The Knicks were followed by the Los Angeles Lakers (valued at…

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