HoopsHype Business rumors


January 30, 2015 Updates

The linchpin to Gov. Scott Walker's proposal to invest $220 million in state bonds to help build a new, multipurpose arena in downtown Milwaukee is last year's agreement between the National Basketball Association and Turner Broadcasting and the Walt Disney Co., which owns ABC and ESPN. The dramatic increase in the rights deals between the league and the broadcasting companies ensured franchises in the league that revenue would at least double over the nine-year term of the deal. That means both teams and their players are in line for fatter bottom lines and bigger paychecks. Milwaukee Journal-Sentinel

Tencent Holdings Ltd. said it has agreed to become the National Basketball Association’s exclusive online partner in China, the latest in a series of alliances aimed at beefing up its entertainment offerings for Chinese Internet users. Wall Street Journal

January 29, 2015 Updates
January 27, 2015 Updates

Thunder forward Kevin Durant and Houston Texans defensive lineman J.J. Watt have signed endorsement deals with American Family Insurance, the company said Tuesday. Durant, the NBA's most valuable player last season, is the first NBA player American Family has signed. American Family is one of the nation's largest insurers. NBA.com

January 21, 2015 Updates
January 16, 2015 Updates
January 8, 2015 Updates

Ty Lawson: Excited to announce my new partnership with @UNCL the go to men's athletic leisure clothing brand for comfort and style. Check out our online store, the link is in my bio. #UNCL #UbyUNCL #Classics #MadeinLA #GameDay www.shopuncl.com http://instagram.com/p/xmuGD-v7sc/ Instagram

January 6, 2015 Updates
December 26, 2014 Updates

The average cost for a small draft beer at NBA games this season is $7.57, according to data collected by Team Marketing Report from each team. That's up 2.2% from the 2013-14 season when the average price was $7.41. The New York Knicks now have the most expensive beer in the NBA where the cheapest beer at Madison Square Garden now costs $10.50, up from $8.75 a year ago. At the other end, the Oklahoma City Thunder still offer the cheapest beer in the NBA at $5.00. Yahoo! Sports

December 24, 2014 Updates
December 20, 2014 Updates
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

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