The California Assembly will be trading its Capitol chambers for a downtown NBA arena when it kicks off the new session Dec. 7 in an effort to limit Coronavirus spread. Speaker Anthony Rendon said Wednesday the extra space and better air filtration at the Golden 1 Center will help keep lawmakers, staff and the press safe.
January 18, 2021 | 5:16 pm EST Update
Kyle Neubeck: The Sixers are waiving Dakota Mathias, a team official confirmed to @thephillyvoice on Monday afternoon. Story: phillyvoice.com/sixers-76ers-l…
January 18, 2021 | 4:31 pm EST Update
The average NBA franchise is worth nearly $2.4 billion, according to data compiled by Sportico. That is down 2% as a direct result of the pandemic, based on our modeling. Collectively, the fair-market value of the NBA’s 30 teams, including ownership’s stakes in real estate, regional sports networks and additional team-related holdings, is more than $71 billion. Three franchises—the New York Knicks, Golden State Warriors and Los Angeles Lakers—are each worth more than $5 billion. (For context, each of those teams has a greater fair-market value than any National Football League team except for the Dallas Cowboys, based on Sportico‘s assessment of football team valuations last August.)
To be sure, the cumulative revenue for the NBA’s 30 teams, $8.3 billion, was down from the previous, non-COVID-impacted season by nearly 10%. However, a closer look reveals that national revenues (accrued predominantly from the league’s broadcast and sponsorship deals, as well as its licensing program) dipped only 2%. That, in large measure, is because of the NBA’s audacious plan to salvage the season with a playoff bubble at Orlando’s Walt Disney World. In a disrupted COVID environment, such single- and low double-digit declines represent remarkable stability.