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

After weathering difficult times during the global economic recession of 2008-09 and a shortened season due to a lockout in 2011, the NBA posted excellent growth for the 2013-14 season and record breaking revenues in the last three seasons.  Average team revenue for 2016-17 was $196 million (up from $172.7 million for the 2015-16 season), while the average franchise was worth $1.36 billion, up from $1.25 billion for 2015-16, 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…

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