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• Events DC, the official convention and sports authority for the District of Columbia, and the Professional Fighters League said the PFL playoff semi-final matches would be held in the new Entertainment and Sports Arena on Oct. 20.

• According to Bob Ley, ‘As of October 1 I'll be taking a six-month sabbatical from my Outside the Lines duties on ESPN. The idea of stepping back to re-charge is fully 100% mine, and one I've been considering for a while.’ Per ESPN: 'We completely support Bob’s decision and look forward to his return April 1.’

• Serena Williams will star in marketing for American Express relating to the U.S. Open to support new services such as the AmEx Band (contactless payment wristband) and an interactive tennis experience Super Rally, as well as the AmEx Fan Experience at Billie Jean King National Tennis Center in Flushing, NY.

• The planned move of MLS’ Columbus Crew club to Austin, Texas, received a major boost on Wednesday when the Austin City Council approved a deal to build a soccer stadium. Backers said the  venue could be ready for the 2020 MLS season.

• Walk This Way: Aerosmith has unveiled plans for headlining residency in Las Vegas, Aerosmith: Deuces Are Wild. The first show is scheduled for April 6, 2019 in Park Theater, located in MGM Resorts International’s new Park MGM on the Vegas Strip. The residency is being promoted by Live Nation. There currently are18 dates scheduled for April-June-July 2019.

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NBA 2018

Kia NBA Tip-Off 2018 (Oct. 16-21)

• Oct. 16: Philadelphia 76ers vs. Boston Celtics (8 PM ET) TNT
• Oct. 16: Oklahoma City Thunder vs. Golden State Warriors 10:30 PM. ET). TNT

• Oct. 17: New Orleans Pelicans vs. Houston Rockets 8 PM (ET) ESPN
• Oct. 17: Dallas Mavericks vs. Phoenix Suns 10:30 PM  (ET) ESPN

• Oct. 18: Chicago Bulls vs. Philadelphia 76ers (8 PM. ET) TNT
• Oct. 18: Los Angeles Lakers vs. Portland Trail Blazers (10:30 PM ET) TNT

• Oct. 19: Boston Celtics vs.Toronto Raptors (8 PM ET) ESPN
• Oct. 19: Golden State Warriors vs. Utah Jazz (10:30 PM ET) ESPN

• Oct. 20: Toronto Raptors vs. Washington Wizards (7 PM. ET) NBA TV
• Oct. 20: Houston Rockets vs. Los Angeles Lakers (10:30 PM ET) ESPN

• Oct. 21: Houston Rockets vs. Los Angeles Clippers (9 PM ET) NBA TV

NBA Christmas Day Schedule
• Milwaukee Bucks vs. New York Knicks 12 Noon (ET) ESPN
• Oklahoma City Thunder vs. Houston Rockets 3 PM (ET) ABC
• Philadelphia 76ers vs. Boston Celtics 5:30 PM (ET) ABC
• Los Angeles Lakers vs. Golden State Warriors 8 PM (ET) ESPN
• Portland Trail Blazers vs. Utah Jazz 10:30 PM (ET) ESPN

Martin Luther King Jr. Day    
• New Orleans Pelicans vs. Memphis Grizzlies 5:30 PM (ET) TNT
• Houston Rockets vs. Philadelphia 76ers 8 PM (ET) TNT
• Golden State Warriors vs. Los Angeles Lakers 10:30 PM (ET) TNT

BUY SELL

WEEKEND BOX OFFICE (August 10-12)

1. The Meg $44.5M
2. Mission Impossible - Fallout $20M
3. Christopher Robin $12.4M
4. Slenderman $11.3M
5. BlacKkKlansman $10.8M
6. The Spy Who Dumped Me $6.6M
7. Mama Mia! $5.8M
8. Equalizer 2 $5.5M
9. Hotel Transylvania 3 $5.1M
10. Ant-Man and The Wasp $4M

SOURCE: COMSCORE.com

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Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#46Ul8rBF4XpB4lo0.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#JZxA5jXY4rCwemgZ.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#JZxA5jXY4rCwemgZ.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#46Ul8rBF4XpB4lo0.99
Wednesday
Feb072018

Winning Pays: NBA Teams Set Record Value, Led By Warriors, Knicks, Sixers

By Barry Janoff

February 7, 2018: With the NBA All-Star Game just around the corner, the league keeps getting all-star news about its financial, marketing and fan status.

On average, NBA teams are worth a record $1.65 billion, 22% over last year, and every team is worth at least $1 billion for the first time, according to a new report from Forbes.

The New York Knicks, valued at $3.6 billion, are the NBA’s most valuable franchise for the third consecutive year, but are up just 9% in value versus the previous year, according to Forbes.

The Philadelphia 76ers had the biggest gain in value among all teams at 48% to $1.18 billion (No. 21 overall among NBA teams)

Earlier this season, numbers were released that showed sponsorship spending on the NBA and its 30 teams hit a record $861 million in the 2016-17 season, a 7.8% increase from the previous season. according to research and consulting firm ESP Properties, Chicago.

ESP Properties also projected that the NBA would see sponsorship dollars "skyrocket" during the 2017-18 campaign, led by the new eight-year, $1 billion deal with Nike as the league’s official on-court uniform provider (replacing adidas) and the beginning of a three-year trial period during which teams are allowed to sell ad patches on game jerseys for the first time in league history.

Nineteen teams have inked deals to date at an average annual rate of $9 million a year, with the bottom line being almost $200 million in new revenue for for the NBA.

That all translates very well for the league and team owners.

The Golden State Warriors moved up to No. 3 among the NBA’s most valuable teams at $3.1 billion, plus 19% in value (passing the No. 4 Chicago Bulls), thanks to national and global marketing and awareness after winning two of the past three NBA titles.

The Cleveland Cavaliers with LeBron James are valued at $1.325 billion (No. 15 overall among NBA teams), up 10% in value versus the previous season.

The average NFL franchise is worth $2.5 billion, 52% more than the average of NBA teams, “but that spread has been more than halved in the past five years,” reports Forbes.

“Franchise values have tripled over the past five years. Credit the league’s economics, in particular, its international growth prospects, which are the best of any major U.S. sports league.”

The defending league champion Warriors have a three-year, $60 million jersey patch contract with Rakuten; followed by the Los Angeles Lakers three-year, $40 million deal with Wish, Goodyear’s $30 million three-season ad patch alliance with the Cavaliers and GE’s $24 million three-year deal with the Boston Celtics.

In addition, “The start of the league’s new TV contract with Time Warner’s TNT and Walt Disney’s ESPN are worth $24 billion, three times the value of the previous pact on an annual basis,” per Forbes.

Top Five Most Valuable NBA teams are:

1. New York Knicks $3.6 billion
2. Los Angeles Lakers $3.3 billion
3. Golden State Warriors $3.1 billion
4. Chicago Bulls $2.6 billion
5. Boston Celtics $2.5 billion

The Houston Rockets, which added Chris Paul to a roster led by James Harden, went up 33% in value to $2.2 billion (No. 7 overall among NBA teams).

The Milwaukee Bucks, moving into a new arena next season and celebrating the franchise’s 50th anniversary this season, are valued at $1.075 billion, up 37% (No. 26 overall among NBA teams).

The Knicks crosstown rivals, the Brooklyn Nets, are valued at $2.3 billion (No. 6 overall among NBA teams), but increased 28% in value.

The Minnesota Timberwolves ($1.06 billion), Charlotte Hornets ($1.05 billion), Memphis Grizzlies ($1.025 billion) and New Orleans Pelicans ($1 billion) each increased in value versus the previous year but are the least valuable teams in the NBA landscape, per Forbes.

See the full Forbes list here.

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