NBA INKS $24BN TV DEAL
- Updated: October 6, 2014
It seems the NBA’s new TV deal is even more astronomical that had been anticipated.
According to multiple reports, the 9-year contract which the league has just announced with ABC, TNT and ESPN is worth $24bn – almost three times the current annual average.
The deal – which will come into effect for the 2016-17 season and run throughout the 2024-25 season – should see see the league’s total player salary pot rise by at least 167%.
Tom Ziller of sbnation speculates:
Kevin Durant will be a free agent in 2016. Assuming the TV deal kicks in at $2.67 billion (a year) and the NBA doesn’t work out a way for more gradual salary cap increases, Durant would be eligible to sign a five-year deal worth $162 million with the Thunder. If he wanted to sign with another team, he’d be eligible for four years, $120 million.
It’s no accident that LeBron James only took a two year contract when he moved to the Cavs this summer. He’ll be a free agent in 2016 – and in line for a massive pay day.
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