Our guide page will help you get specific information about each type and its effect on your feet and performance. The deal added another $366 million of revenue for the league. Time Warner Cable launched two regional sports channels, an English and Spanish one, leading to all non-nationally televised Los Angeles Lakers games being shown on Spectrum sports. Investopedia does not include all offers available in the marketplace. ", IEG Sponsorship Report. Hartland, Wisconsin, United States. Los Angeles Lakers Team Payroll 2022-23 Salary Cap: $123,655,000 ( Salary Cap History) Largest Guarantee: LeBron James ($97,844,974) Color Key: Player Option, Team Option Payroll italic - amount not fully guaranteed Share & Export Modify, Export & Share Table Get as Excel Workbook Get table as CSV (for Excel) Get Link to Table About Sharing Tools 2023 Forbes Media LLC. Lakers president of business operations Tim Harris said the partnership with Sportfive should net the franchise the best deal available: Get viral NBA graphics, memes, rumors and trending news delivered right to your inbox with the Clutch Newsletter. ", ESPN. Like other major sports leagues, television comprises a key part of the NBAs business strategy. NBA has become the fastest-growing sport in North America over the last few years. Nike's Jordan division reported revenue of $3.6 billion, up 15%, in the company's fiscal year ending in May 2020, including the brand's first $1 billion quarter. This $200 million valuation would represent a substantial growth in revenue, considering Young noted the LAs current partnership with Wish is expected to be somewhere between $12 million and $14 million. The Valorant world championship is hedging to Los Angeles later this year to crown the next world champion. Chart. The Los Angeles Lakers signed a television deal that helped propel them to the number two spot on NBAs most valuable teams, with a worth of $1.35 billion in 2014. In the near future, we may also see a number of European-based NBA teams. When Jerry Buss purchased the Lakers in 1978, he spent $20 million, but the team has grown to be a national brand that is now worth over a billion US dollars. How Much Does it Really Cost to Attend a Pittsburgh Steelers Game? According to Chicago sports business firm Team Sports Marketing, the FCI for an NBA game during the 2019-2020 season was $430.25.. The NBA makes money primarily through television, merchandising, sponsorships, and tickets. The Warriors will accumulate an estimated $700 million in annual revenue moving forward, . We analyzed NBA revenue data over the last 20 seasons and now presenting you 66 stats on how NBA generates money. The NBA debt is currently $6.7 billion, increasing by 24% compared to the previous year. With over 10 years experience he's covered businesses, CEOs, and investments. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. This compensation may impact how and where listings appear. Each one of the. RunRepeat helps you choose the best model of shoes according to your needs and playing style, whether is LeBron, Kobe, or Steph-like. The drought had not yet finished since they posted another bad season resulting into 5 of the worst ten seasons in franchise history over the last five years. Its important to us to partner with an agency whose reach equals our ambition. In the 2016-17 season, the NBA generated approximately $861 million in revenue fromcorporate sponsors. These sponsors include recognizable brands like Statefarm and Anheuser-Busch as the official food and beverage brand of the NBA. An updated look at the Los Angeles Lakers 2022 salary cap table, including team cap space, dead cap figures, and complete breakdowns of player cap hits, salaries, and bonuses. 3. The dealincreased ESPN's television, digital, highlights, audio, data, and international NBA rights. ", Yahoosports.com. All information these cookies collect is aggregated and therefore anonymous. As a Premium user you get access to background information and details about the release of this statistic. Games will air on ESPN and TNT through the 2024-25 season. Business Solutions including all features. Apparently, the Lakers determined the value of their jersey patch was actually worth close to $200 million this past season, per Jabari Young of CNBC. The Los Angeles Lakers have finally pulled off a trade that should lift this team back into playoff contention. Portion of franchise's value attributable to its brand. NBA rosters feature 108 international players in 2019-20. 42 Elise Mertens.In five tournaments so far this year, Garcia is yet to win a title, and her overall record is 9-5. Across the 2018-19 season, the NBA generated about $8.76 billion in revenue. Learn more about how Statista can support your business. Sportfive understands the values of the organization and our desire to find a jersey patch sponsor that aligns with those values.. Investopedia requires writers to use primary sources to support their work. Valorant Champions 2023 Tournament To Be Held In Los Angeles, Los Angeles Chargers Have Shown Keenan Allen The Money But They Wont Show Him The Door, Todd Boehly, Mark Walter, Jerry Buss Family Trusts, tv: Spectrum SportsNet & ESPN Deportes; radio: ESPN LA 710AM, ESPN Deportes 1330AM. becomes available when a team relinquishes more salary than it acquires during a trade. All rights reserved. Dallas Mavericks local deal generates them $20 million in revenue. We can also look at the Fan Cost Index(FCI), which is the cost of taking a family of four to an NBA game. NBA, NBPA agree on 2020-21 season start and adjustments to CBA. Market segmentation refers to aggregating prospective buyers into groups with common needs and who respond similarly to a marketing action. Denotes the Lakers current standing in terms of the luxury tax threshold. It seems patch partnerships can be a possible cash cow, especially for a worldwide brand like the Lakers. Filling in that gap, local TV contracts can gross between $9.4 million and $149 million annually per team (as of 2017). The NBA also recently overtook the MLB as America's second most popular league. ", Basketball Reference. More. Click on the different category headings to find out more and change our default settings. Playoff wins count twice as much as regular season wins. TV revenue compiles the majority of money generated for the NBA, especially after TNT and ESPN re-structured their deals to an estimated $24 billion. Partnered with the USA TODAY Sports Media Group|Powered by. Breakdown of Cristiano Ronaldo's 63 career hat-tricks; . Every season had positive growth. Playing professional tennis has enabled, Read More What Does Serena Williams Do For Charity?Continue, When youre getting ready to make your way to Pittsburgh and view a game in the stands you might want to check your wallet and see if its worth the price. This is a 19% drop from the season before ($264 million). Also, despite having missed the postseason in four consecutive years by 2018 season, the team has continued to rake in some cash. Lakers forward LeBron James will be the highest-paid NBA player in 2021-22and it's not even close. Access to this and all other statistics on 80,000 topics from, Show sources information Dec 8, 2022 The franchise value of the Los Angeles Lakers has risen more than tenfold since 2003. The two matches today in the Abierto GNP Seguros semifinals include No. Are you interested in testing our business solutions? Trevor is an expert on business, personal finance, and trading. While the NFLs television contracts are famously lucrative and are signed exclusively with national networks, the NBA broadcasted 277 regular-season games nationally in 2017-18plus 90 or so playoff games. Its a fun game and it gives you a chance to be competitive with your friends while simultaneously getting some decent physical exercise. Certified Level 100 US Ski and Snowboard coach. Like other major sports leagues, the NBA shares non-basketball related revenue between teams in order to address inequalities across different markets around the country. According to latest estimates, the team was valued at 5.9 billion U.S. dollars, making it the. As a result, networks are paying exorbitant amounts to televise these games. Business. Hypothetically, high revenue generating teams such as theLos Angeles LakersorNew York Knickswould drive the salary cap up, forcing small market teams to spend exorbitant amounts to retain players. Likewise, many of the NBAs biggest stars havelucrativeendorsement deals with the worlds largest shoe and apparel company. All Rights Reserved. The franchise value has steadily increased from 2003 to 2019, starting with $426 million to its current valuation of $3.7 billion. They selected George Mikan with the 1st pick in the 1947 NBA draft. Here is a breakdown of the economics behind James' shrewd move. , Dec 8, 2022 The revenue of the Los Angeles Lakers franchise amounted to 465 million U.S. dollars in the 2021/22 season. Philadelphia 76ers Premier League UFC Television The Real Housewives of Atlanta The Bachelor Sister Wives 90 Day Fiance Wife Swap The Amazing Race Australia Married at First Sight The Real Housewives of Dallas My 600-lb Life Last Week Tonight with John Oliver Portion of franchise's value attributable to its arena. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Only 4 NBA teams earn close to $100 annually from local broadcasters. After being down 27 points with roughly seven minutes left in the. . Despite a decrease in NBA profit per team last year, team values are up 4%from $2.1 billion in 2020 to $2.2 billion this year. However, that's not to say that ticketing doesn't contribute at all. By clicking Accept All Cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. This is a 19% decrease from 2020, and the second year in a row with a decrease in revenue, after dropping by 10% in 2020. When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. After playing professionally for 10 years, Dimitrije moved to coaching for two seasons before he became a basketball statistician for StatScore, and FanSided contributor for the San Antonio Spurs. With a TV deal valued at $24 billion, a $1 billion Nike deal, an increasing number of corporate sponsors, rapid international growth, and an average NBA team value over $1 billion, the NBA is firmly entrenched among the biggest and most valuable leagues in all of world sports. The Lakers will also pay $8.7 million in luxury taxes and contribute $49.6 million into NBA's revenue sharing, reducing their profits to $100.1 million -- which is still $38.5 million ahead of . Most Super Bowl wins by NFL team 1967-2023, Average ticket price in the NFL by team 2021, FIFA World Ranking: top male soccer teams 2022, Athletic footwear global market share by company 2015, Health & Fitness Clubs - Statistics & Facts, Sporting goods industry in the U.S. - statistics & facts, Research expert covering sports and video gaming, Profit from additional features with an Employee Account. More and more companies are expected to pursue patch partnerships in the coming seasons. The stars have risen, Read More The Top 20 WWE Stars of the 2000sContinue, A lot of people like to play paintball. A TV dealworth$24 billion that took effect in the 2016-17 season is expected to significantly increase basketball-related income, affecting team operations like player salary caps, as part of its complex business model.. Explore Sportico's 2021 NBA Franchise Valuations with this interactive data visualization. The Los Angeles Lakers are one of the most storied franchises in the NBA. Although the sport has evolved through the years, the basics have remained the same. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Or write about sports? The NBA Trade Deadline is next Thursday, which is ample time for the Los Angeles Lakers to seek upgrades. Tom Gores was not born into a wealthy family,, Read More 10 Things You Didnt Know about Detroit Pistons Owner Tom GoresContinue, Serena Jameka Williams was born on September 26, 1981 in Saginaw, Michigan. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. The revenue of 30 NBA teams in 2021 stands at $6.41 billion. Greg McFarlane is a financial writer and co-founder of ControlYourCash.com. Brooklyn Nets have the lowest operating income in the NBA with a negative $80 million. Profit from the additional features of your individual account. The "credit" balance remains as an exception that can be used within the next year to acquire salary via trade without further relinquishing additional salary. The Los Angeles Lakers are an American professional basketball team based in Los Angeles. This deal is a 245% increase in annual revenue compared to the previous deal with Addidas, worth $51 million annually. Utah Jazz are the only team that had an increase in revenue in the 2019/20 season, with a 16% rise. Los Angeles Lakers franchise value from 2003 to 2022 (in million U.S. dollars) [Graph]. Available: https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/, Los Angeles Lakers franchise value from 2003 to 2022, Average franchise value of National Basketball Association teams 2001-2022, Total revenue of the National Basketball Association 2001-2022, Average revenue of National Basketball Association teams 2001-2022, Average operating income of National Basketball Association teams 2001-2022, Average player expenses of National Basketball Association teams 2001-2022, NBA league & teams sponsorship revenue 2010-2022, Average per game attendance in the NBA from 2005-2022, NBA franchises ranked by most recent purchase price as of 2021, Teams of the NBA ranked by revenue 2021/22, Operating income of National Basketball Association franchises in 2022, Player expenses in the NBA by team in 2022, Average player salary in the NBA by team 2019/20, NBA regular season home attendance by team 2021/22, NBA regular season average home attendance by team 2021/22, Franchise value of the Los Angeles Lakers (NBA) 2003-2022, Operating income of the Los Angeles Lakers (NBA) 2001-2022, Player expenses of the Los Angeles Lakers (NBA) 2001-2022, Regular season home attendance of the Los Angeles Lakers 2006-2022, Gate receipts of the Los Angeles Lakers (NBA) 2010-2022, Los Angeles Lakers number of Facebook fans/Twitter followers 2012-2022, National Basketball Association all-time minutes leaders 1946-2022, National Basketball Association all-time rebounding leaders 1946-2022, Career games played leaders - Los Angeles Lakers 1948-2022, Career points leaders - Los Angeles Lakers 1948-2022, Career rebounds leaders - Los Angeles Lakers 1948-2022, Los Angeles Lakers concession stand prices (beer, soft drink, hot dog) 2010-2016, Kobe Bryant points scored in the NBA 1996-2016, by season, Kobe Bryant average points scored in the NBA 1996-2016, by season, Kobe Bryant games played in the NBA 1996-2016, by season, Average ticket price Los Angeles Lakers (NBA) games 2015/16, Los Angeles Clippers concession stand prices (beer, soft drink, hot dog) 2010-2016, Detroit Pistons concession stand prices (beer, soft drink, hot dog) 2010-2016, Minnesota Timberwolves concession stand prices (beer, soft drink, hot dog) 2010-2016, Dallas Mavericks concession stand prices (beer, soft drink, hot dog) 2010-2016, Fastest growing private companies in New Hampshire by growth rate 2021, Opinion of adults on personal financial situation over past year U.S. 2020, by race, Mexico: employees in toiletries, cosmetics & jewelry wholesale 2014-2021, Style/fashion/fit influence sports footwear purchase decisions U.S. 2014, Number of potted plants produced in Canada by province 2021, Most anticipated gifts on Father's Day according to U.S. residents 2017, United States - Number of tattoos in 2019, Industry revenue of security systems service activities in Bulgaria 2012-2025, Los Angeles Lakers franchise value from 2003 to 2022 (in million U.S. dollars), Find your information in our database containing over 20,000 reports.