Ted Leonsis Rumors

NBA close to $250 million data deal with Sportradar

wpid-i_4a_37_79_127992918.jpg
Sportradar AG, a sports data company whose clients include global bookmakers, last year took on three high-profile investors with one thing in common: All own NBA teams. The Swiss company hoped Mark Cuban, Michael Jordan and Ted Leonsis could help with its expansion into the U.S., where sports betting — if legalized — could be a multi-billion-dollar industry. So far, it seems to be working. Sportradar and data analytics firm Second Spectrum are said to be close to a six-year, $250 million contract with the NBA, according to people familiar with the negotiations.
Four years ago, the Wizards used a second-round pick on Tomas Satoransky who is in the mix to finally join them. Majority owner Ted Leonsis is pleased where things stand with the combo guard’s developement as he has remained in Europe. “It’s exactly what guys like you say we should do, right? We should use the second-round pick, take a player, stick him in Europe, let them develop and when they’re ready, bring them over,” Leonsis said. “The question is, is he ready? Our basketball people and coach will decide but that was part of a plan. That is an asset maybe we can bring over and he can add a lot of value to the team.”