HoopsHype Business rumors

December 6, 2014 Updates
December 5, 2014 Updates

The NBA is opening a store on Saturday in Manila, Philippines, that it says will be its largest outside the U.S. The two-floor building will feature merchandise from all 30 teams and an interactive area where fans can play video games. Boston Herald

December 1, 2014 Updates

The Cleveland Cavaliers and the Greater Cleveland Sports Commission have submitted a bid to host the 2018 NBA All-Star Game. Cavaliers Chief Executive Officer Len Komoroski and President and CEO of the Greater Cleveland Sports Commission David Gilbert both confirmed to Northeast Ohio Media Group that the bid has been placed. Cleveland Plain Dealer

New York is hosting the NBA All-Star Game in 2015, followed by Toronto in 2016, leaving vacant slots in 2017 and 2018. Based on recent studies of other cities that have hosted the All-Star Game, Gilbert estimates the city of Cleveland would experience an economic impact of approximately $100 million. Cleveland Plain Dealer

November 24, 2014 Updates

Wes Edens, a co-owner of the Milwaukee Bucks, says the idea of a jock tax to help finance the construction of a new, multipurpose arena in downtown Milwaukee is a good starting point for coming up with a workable plan. "I think that how we actually pay for it and what the form of the financing is and kind of all the technical nuances at some point will be very important," Edens said in an interview with the Journal Sentinel. "To me it's less important today than just the notion that, let's just agree what's on the table with the benefit of the team being in town. Once we have done that, we've got a really useful place to start the dialogue." A Legislative Fiscal Bureau report, written in late September but released by Assembly Speaker Robin Vos (R-Rochester) after the November elections, determined that capturing the income tax paid by National Basketball Association players and team employees could support approximately $150 million in state general-obligation bonding. Milwaukee Journal-Sentinel

Sources have told the Journal Sentinel that the franchise's preferred site remains the land owned by Journal Communications, publisher of the Milwaukee Journal Sentinel, the UW-Milwaukee Panther Arena and the Milwaukee Theatre, or some iteration involving those properties. Edens and fellow co-owner Marc Lasry have committed $100 million toward a new arena. Former U.S. Sen. Herb Kohl, who sold the team, has also said he would put $100 million toward an arena, and additional private investment could bring the total commitment to $300 million. Milwaukee Journal-Sentinel

November 21, 2014 Updates
November 14, 2014 Updates

Parsons has signed with the sock company Stance. The brand—which has collaborated with the Miami Heat's Dwyane Wade on multiple collections—is popular for its cool creative printing on socks. The company also recently released performance socks for athletes. Bleacher Report

November 7, 2014 Updates

As part of the relationship, Chase will receive prominent logo placement on the Westchester Knicks jersey, a landmark partnership for the new franchise. The Chase logo will appear on both the home and road jerseys, providing the company with unique brand exposure to fans in-arena and other consumers via traditional and digital media platforms. NBA.com

The Chase logo will also appear on the center court jump circle, on the apron of the court, and in additional locations in the Westchester County Center. The partnership helps build a presence for Chase in Westchester County and beyond, with brand integration across the Westchester Knicks’ promotional and marketing initiatives. NBA.com

The average price of an NBA ticket increased 3.4 percent this season to $53.98. According to Team Marketing Report on Friday, the New York Knicks have the highest average at $129.38, followed by the Los Angeles Lakers at $102.25, the Chicago Bulls at $82.33 and the Miami Heat at $78.30. Among those four teams, only the Bulls raised prices. USA Today Sports

November 3, 2014 Updates

Delayed by the eye infection of their latest leading man, Kawhi Leonard, the Spurs finally got around to shooting their latest batch of commercials for H-E-B following a long practice on Monday. The Spurs typically shoot the popular spots during the postseason. But with Leonard, whose incorporation last season mirrors his on-court ascent, sidelined for roughly three weeks with a nasty case of pink eye, production was pushed into the regular season. San Antonio Express-News

Nike paid Cleveland State University $75,000 to rent the Wolstein Center for LeBron James' two-minute Nike "Together" commercial that debuted Thursday night to coincide with the Cavs' season-opener. Filming took place over 17 hours on Oct. 6 in the center, which was masquerading as Quicken Loans Arena. In addition to James and other Cavaliers players, about 500 extras filled the center. The money was welcome, but won't come close to erasing the annual operating deficit of the arena, which is projected to be more than $900,000 this fiscal year. Cleveland Plain Dealer

October 30, 2014 Updates

FOX Sports South and SportSouth senior vice president and general manager Jeff Genthner, and Atlanta Hawks CEO Steve Koonin, today announced a new long-term television rights agreement. The new agreement goes into effect with the 2015-16 NBA season. Financial terms were not disclosed. Under the new agreement, SportSouth – a FOX Sports regional network – will remain the exclusive regional television partner of the Atlanta Hawks and will produce all locally-available regular season games not exclusively selected by a national network. The regional network will also televise three preseason games, select Hawks Playoff games and produce 10 hours of Hawks-themed original programming each season. NBA.com

In the ad, Nash dons spectacles and a wig, appearing as an everyday librarian who can feel like an MVP thanks to the fantasy app. “I love being a librarian,” Nash says at the start of the spot, “but some days can be a little quiet.” He goes on to demonstrate the app and how it adds some excitement to his daily routine (while getting shushed). The spot ends with the tagline, “Have an MVP day,” emphasizing the short format. It was released to coincide with the start of the NBA season. A future spot starring Tom Brady will roll out near the end of the NFL season, when many players in traditional fantasy leagues have already been eliminated. Media Bistro

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