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

Average NBA team revenue for 2018-19 was $267 million, (up from $246 million in the 2017-2018 season and $196 million for the 2016-17 season), while the average franchise was worth $2.0 billion, up from $1.65 billion in 2017-2018 and $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 2019, the New York Knicks were the NBA’s most valuable franchise, valued at $4.0 billion, up 11% from…

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