Brett Yormark Rumors
The Brooklyn Nets and YES Network have announced an agreement to extend media rights between the team and the TV network, each announced today. “YES’ extensive, Emmy Award-winning multi-media coverage of the Nets has played a key role as the franchise has built its Brooklyn brand, and we are pleased to extend our relationship with this long-term deal,” President & CEO of YES Network Tracy Dolgin said in a prepared statement. “We are happy that our agreement with the YES Network extends our relationship with the nation’s number one regional sports network,” Brett Yormark, CEO of the Brooklyn Nets and Barclays Center, also said in a prepared statement. “The increased commitment from YES positions us as a premium NBA team.”
In a discussion with a British sports business publication last week, Brett Yormark hinted that the Nets could be headed to Russia or even India next year, presumably in preseason, adding that he’s already spoken to the NBA about it. “One of my meetings (in London) was to stop to see Ben Morel at the NBA office and we’re discussing where the Nets might be next year,” Yormark told James Emmett of SportsPro’s Brand Conference. “And we’re talking about a possible exhibition game in Russia because obviously with the Russian owner, we got a great connection with that market. And there’s even talk that we might go into India.”
Following the announcement in 2013 that the New York City teams would co-host the All-Star game, soon-to-be commissioner Adam Silver said the Nets would host the big Sunday game at Barclays Center in “the relatively near future,” a reward for only holding the sidebar events in 2015. Amidst rumors that majority shares of the team and the arena are up for sale, CEO Brett Yormark told the Daily News that there hasn’t yet been a commitment from the Nets. He said the topic should be discussed shortly. “I’m sure there will be some options to host it again,” Yormark said. “I’m sure after this weekend, management and ownership will sit down and decide whether or not it’s something we want to pursue. But the experience has been terrific.”
Chris Broussard: Nets are denying report that Mikhail Prokhorov has put the team up for sale. Quote from Nets ownership: “As we have said for many months, ownership is always open to listening to offers – that’s just good business. There is nothing imminent in terms of a sale of any stake in the team.” I’m not reporting Nets not selling; I’m reporting Nets are DENYING report, specifically Brett Yormark, Barry Baum & GM Billy King.
Also mourning him was Nets CEO Brett Yormark. “I am terribly saddened to learn about Jeffrey’s death,” he said in a statement. “Jeffrey was a passionate Nets fan and one of our most visible and loyal supporters.”
Brooklyn Nets minority owner Bruce Ratner is putting his majority share of Barclays Center on the market. “Our goal is to identify a strategic partner as we continue to capitalize on the great performance of Barclays Center and the promise of Nassau Coliseum,” Barclays Center spokesman Barry Baum said in a statement. “The current management team [Ratner and Barclays Center CEO Brett Yormark] will continue in its existing role.”
SportsBusiness Journal also noted that Barclays Center earns more than $30 million annually, and banking sources told the publication that the arena’s value is approximately $750 million. A source had told ESPN.com that the Nets were asking $1.1 billion for Barclays Center, so $350 million more than that valuation.