", Forbes, Los Angeles Lakers franchise value from 2003 to 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/ (last visited March 04, 2023), Los Angeles Lakers franchise value from 2003 to 2022 (in million U.S. dollars) [Graph], Forbes, October 27, 2022. Teams around the league are in search of more verticals, particularly given the impact COVID-19 has had on fan attendance. With over 10 years experience he's covered businesses, CEOs, and investments. With expanding viewership,revenuein the NBA has significantly grown. Nextdoor Holdings stock is on the rise in late trading Tuesday after the locally focused social-networking site posted better-than-expected fourth-quarter results.. For the quarter, Nextdoor (ticker: KIND) reported revenue of $53.3 million, down 10% from a year ago, but above the company's guidance range of $50 million to $52 million, and ahead of the Street consensus estimate of $50.8 . Net of arena revenues used for debt payments. According to Forbes, James is set to decimate his own record by raking in a combined $111.2. 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. 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. Total Revenue: est. Profit from the additional features of your individual account. In 2017, the Lakers broke their franchises history by becoming the 16th team to have a jersey sponsor deal. Los Angeles Lakers hold the largest local TV contract, earning $149 million annually. Nike, which had previously produced replica jerseys, began carrying official uniforms at the start of the 2017-18 season. The nine-year contracts are worth an approximate $2.6 billion each year, and even with individual players making an average of around $6.7 million league wide on average, TV revenue covers those . The Lakers deal is second to the Warriors Rakuten jersey sponsor arrangement in which they receive $20 million annually. ", Forbes. Dec 2018 - Present4 years 4 months. The Los Angeles Lakers qualified for and received about $4.6 million from the government's Paycheck Protection Program, which was established to provide relief to small businesses suffering. Market size is a big factor in . The franchise value has steadily increased from 2003 to 2019, starting with $426 million to its current valuation of $3.7 billion. Net of stadium revenues used for debt payments. Revenue and operating income are for 2021-22 season and net of revenue sharing and arena debt service. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Logos were compiled by the amazing SportsLogos.net. Broadcasting deals present the largest source of revenue for the NBA. The franchise value has steadily increased from 2003 to 2019, starting with $426 million to its current valuation of $3.7 billion. What Does Serena Williams Do For Charity? The Lakers do not. Tennis odds courtesy of Tipico Sportsbook. Players signed to Two-Way contracts that are currently designated to G-League affiliate. The largest drop in revenue occurred during the 2020/21 season, with a 19% yearly decrease. Every season had positive growth. 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. dollars)." These include white papers, government data, original reporting, and interviews with industry experts. Consequently, the Cavaliers were the second to the Warriors in merchandise sales. We present them here for purely educational purposes. Theories, Goals, and Applications. And of course, The Knicks have been the worst team since 2001. He's the 3rd best-paid NBA player this year. Even with a total of 400-odd active players making an average of close to $6.7 million annually (as of 2019-20), national TV contracts generate enough revenue to cover salaries and then some.. Investopedia requires writers to use primary sources to support their work. If you do not allow these cookies, you will experience less targeted advertising. The Multiple Revenue Streams Of The NBA The NBA continues to grow as basketball is now the second most popular sport worldwide, after soccer. However, live sports have remained largely immune to this trend. Television Rights, Merchandising, and Ticket Sales Are Primary Revenue Sources. You need a Statista Account for unlimited access. In 2016-17, the Lakers were the most profitable team in the NBA with a profit of $115 million after disbursing a revenue sharing check worth $49 million. These cookies are necessary for the website to function and cannot be switched off in our systems. Trade Exception Details becomes available when a team relinquishes more salary than it acquires during a trade. We view the Lakers as a global brand with an international presence, Harris said, via Young. Available: https://www.statista.com/statistics/196721/revenue-of-the-los-angeles-lakers-since-2006/, Revenue of the Los Angeles Lakers from 2001/02 to 2021/22, Available to download in PNG, PDF, XLS format, 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, Milwaukee Bucks concession stand prices (beer, soft drink, hot dog) 2010-2016, Los Angeles Clippers concession stand prices (beer, soft drink, hot dog) 2010-2016, IT-consulting & implementation services market size in United States 2016-2021, Benzodiazepine prescription status during physician visits U.S. 2014-2016, by age, Share of households with a park or green space close to home in Canada 2011-2017, Frequency at which women in the U.S. purchase swimwear by age 2017, Gypsum mine production in Mexico 2010-2021, Industry revenue of manufacture of rubber tyres and tubes in France 2012-2025, Revenue of the Los Angeles Lakers from 2001/02 to 2021/22 (in million U.S. dollars), Find your information in our database containing over 20,000 reports. It also gives you, Read More The Five Most Expensive Paintball Guns Money Can BuyContinue. Their only win came in a double-overtime thriller against LeBron James and the reeling Los Angeles Lakers. This deal is a 245% increase in annual revenue compared to the previous deal with Addidas, worth $51 million annually. By these means, each team will receive revenue equal to thesalary capthat year. . Learn more about how Statista can support your business. The two matches today in the Abierto GNP Seguros semifinals include No. The ideal entry-level account for individual users. Barely more than two years ago, the team won a title with Jeanie Buss at the helm. Dollars). Two-way salaries do not count against a team's Total Cap/Tax Allocations. ESPN. 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. statistic alerts) please log in with your personal account. The deal is worth $24 billion over 9 years, concluding in the 2024/25 season. Currently, you are using a shared account. The NBA has grown in popularity in the U.S. with the league moving past Major League Baseball as the second-most popular sport in the United States. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. James will be able to opt-out of the extension prior to the 2024-25 season. It tends to lag behind some of the other revenue streams mentioned above. More than 80% of Alphabet's revenue comes from Google ads, which generated $147 billion in revenue last year. Like Manu Ginobili, hes a left-hander whose moves led him to a better career-shooting percentage than the Argentine himself. All Rights Reserved. In addition, the NBA extended the deal with Turner Sports for 6-year, worth $2.2 billion. Lakers season tickets, which were selling for $3,499 each, skyrocketed to $5,800 just 20 minutes after the . 30 NBA teams generated $738 million in operating income for the 2020/21 season. This includes ticket purchases and concessions, TV deals that deliver the game to viewers' homes, andmerchandisingrights from jersey and apparel sales. They're tied with the Celtics as the most decorated team in history, with 17 championships to their name. Cha c sn phm trong gi hng. RunRepeat helps you choose the best model of shoes according to your needs and playing style, whether is LeBron, Kobe, or Steph-like. In 1947, Minneapolis businessman Ben Berger purchased the National Basketball Leagues Detroit Gems. Up to that point, the NBA had earned in excess of $150 million in new revenue. Odds updated Saturday at 2:45 AM ET. The NBA broadcasts to every populated continent. The league is eligible for another extension, with a projected worth of $75 billion over 9 years. Greg McFarlane is a financial writer and co-founder of ControlYourCash.com. The club suffered the highest loss in matchday revenue, which plunged to 200,000 from 8.6 million the season before as a result of having to play a sizable portion of its games inside owing to the pandemic. Across the 2018-19 season, the NBA generated about $8.76 billion in revenue. This is a 97% decrease compared to the 2019/20 season, and the second season in a row with a drop in ticket revenue since the lockout-shortened 2011/12 season. "As impasse over pro-Hong Kong tweet simmers, what's at stake for the NBA in China? Mo Bamba: No money guaranteed in 2023/24, HoopsHype has learned.Guarantee increases to full if not waived by June 29, 2023. With expanding viewership, revenue in the NBA has significantly grown. 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. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. ", Yahoosports.com. For one thing, not every team is equally valuable or profitable. ", Deadspin. The multiyear agreement with Wish will have the Lakers receiving $12-$14 million per year, despite Peter Szulczewski knowing that there would be questions behind inking a deal worth $36-$42 million over the three years. 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. Kevin Jairaj-USA TODAY Sports. As soon as this statistic is updated, you will immediately be notified via e-mail. March 4, 2023 2:45 am ET. Each one of the teams is worth at least $1 billion, and a team is worth on average $2.12 billionabout 14% higher than the 201718 season.. The revenue of 30 NBA teams in 2021 stands at $6.41 billion. The NBA Trade Deadline is next Thursday, which is ample time for the Los Angeles Lakers to seek upgrades. Revenue sharing in the NBA addresses the inequitable circumstances between small and big markets. The Lakers missed the playoffs for the second time in the LeBron era, but that didn't deter them from extending the 37 year-old superstar in the offseason. In 2014, the league made another contract extension with ESPN, ABC, and Turner. Copyright 2000-2023 Sports Reference LLC. The Five Most Expensive Paintball Guns Money Can Buy, Lakers receiving $12-$14 million per year, How Zac Stacy Achieved a Net Worth of $6 Million. 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. Although the future is uncertain, any resolution to the pandemic will undoubtedly help the NBA get back to a normal schedule with fans in the stands. The Lakers announced Wednesday they were partnering with Sportfive, a third-party agency, to find a new partner . More and more companies are expected to pursue patch partnerships in the coming seasons. "Sports Money: 2020 NFL Valuations. 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. Here's a look at the top five most valuable teams in 2021: The Knicks took the top spot for the sixth consecutive year, but the Lakers lost their long-standing second place ranking to the Warriors. Cameron Latu. 9. 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. The Lakers finished with a gargantuan $115 million profit as measured by net income even after writing a revenue-sharing check for almost $49 million, according to league accounting. As impasse over pro-Hong Kong tweet simmers, what's at stake for the NBA in China? 5-ranked Caroline Garcia squaring off against No. 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. During the first decade of the 21st century, the league revenue had an average year-by-year growth of 5%. After the NBA Board of Governors approval of sponsor patches on game jerseys at the top left corner, starting from the 2017-18 season, the Lakers decided to give it a try. This section of the report also provides sales and revenue forecast data by type and application segments based on sales, price, and revenue for the . Are you interested in testing our business solutions? "NBA to announce 9-year, $24 billion TV deal with ESPN, Turner. These figures are not counted toward a team's Luxury Tax Allocation. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. To use individual functions (e.g., mark statistics as favourites, set He has long expressed a desire to play with his son, Bronny, who could be draft eligible in 2024. Before this deal, Nike had played a significant role in basketball shoes and apparel. suicide in hillsborough, nj . It's estimated that China generates $500 million dollars in revenue annually. Part of that revenue includes the Chinese technology giant, Tencent's $1.5 billion deal to be the NBA exclusive digital partner.. Exceptions can be split up for multiple player signings, however only one of these exceptions may be used in a season and they cannot be combined. [Online]. 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. All other options, cap holds, exceptions are assumed as declined, waived or renounced. Likewise, many of the NBAs biggest stars havelucrativeendorsement deals with the worlds largest shoe and apparel company. 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. Are you interested in testing our business solutions? Also, despite having missed the postseason in four consecutive years by 2018 season, the team has continued to rake in some cash. Led by the eye-popping $7 billion Golden State Warriors, the average NBA team is now worth $2.86 billion, 15% more than a year ago, an impressive feat considering the stock market is down more than 15% over the same span. 13. . Chart. "NBA, NBPA agree on 2020-21 season start and adjustments to CBA. However, those national contracts still have almost 1,000 regular-season games unaccounted for. The loss of ticket sales alone is estimated to cost each team nearly $2 million on average per game.. This website is not directly or indirectly affiliated, associated, or connected in any way to Major League Baseball, the National Basketball Association, the National Football League or the National Hockey League. Use Ask Statista Research Service. The Warriors will accumulate an estimated $700 million in annual revenue moving forward, . There are a number of key challenges facing the NBA, even as professional basketball continues to grow in popularity in the U.S. and elsewhere around the worldand as individual teams balloon in value. NBA has become the fastest-growing sport in North America over the last few years. If you are an admin, please authenticate by logging in again. Net of arena revenues used for debt payments. #1 Golden State Warriors Team Value 1 $7B Calculated October 2022 Owner (s) Joe Lacob, Peter Guber Championships 7 Year Purchased 2010 Price Paid $450M Revenue 2 $765M Operating Income 3 $206M. ", Forbes, Revenue of the Los Angeles Lakers from 2001/02 to 2021/22 (in million U.S. dollars) Statista, https://www.statista.com/statistics/196721/revenue-of-the-los-angeles-lakers-since-2006/ (last visited March 04, 2023), Revenue of the Los Angeles Lakers from 2001/02 to 2021/22 (in million U.S. dollars) [Graph], Forbes, October 27, 2022. lakers revenue breakdown. The National Basketball Association has a reputation for being the most innovative of the major professional North American sports leagues, earning money from a combination of sources, including television rights, merchandising, and ticket sales. MMA Junkie analyst Dan Tom breaks down the UFC's top bouts. Statista. "NBA Revenue Sharing: Small-Market Teams to Benefit from New Sharing Structure. In June 2015, the NBA decided to end its partnership with Adidas andsignedan eight-year, $1 billion contract withNike. This represented a 245% annual increase from its previous deal. In 2007, the NBA extended its deal with ESPN, ABC, and Turner Sports, worth $7.4 billion over 8 years. Do you have a blog? Exceptions are essentially "grants" offering teams an additional way to sign players. Brand Loyalty: What It Is, and How to Build It, Market Segmentation: Definition, Example, Types, Benefits, What Is Behavioral Economics? Micky Arison is the director and chair of Carnival Corporation and managing general partner of the NBA team, the Miami HEAT. The Memphis Grizzlies have the lowest ticket price in the NBA at $35. It's been reported that both the Dallas Mavericks and the Miami Heat are interested in making a deal for Kawhi Leonard, and while Kawhi's given no sign that he would be willing to leave the Los. Investopedia does not include all offers available in the marketplace. Certified Level 100 US Ski and Snowboard coach. 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. In June 2015, the NBA ended its long-standing partnership with Adidas and signed an eight-year, $1 billion contract withNike(NKE). Live sporting events remain popular despite the increasing trend of streaming TV programs and the widespread use of DVRs. Portion of franchise's value attributable to its arena. Profit from the additional features of your individual account. NBA teams local TV deals vary significantly. 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. All teams pool their eligible revenue together to redistribute it from teams with higher revenues to those with lower. Drawing interest domestically and abroad, the NBA has seen its popularity and revenue streams rapidly increase over the past few years. He's making 6.48 percent more than in 2021/22. They selected George Mikan with the 1st pick in the 1947 NBA draft. More. When the deal took effect for the 2016-17 season, ESPN and Turner Sports agreed to pay a combined $2.6 billion tothe NBA annually. Putting this in perspective, the previous deal signed in 2007 cost both networks $930 million each year. 'Kobe Copied Michael's Game'- LA Lakers Governor Tells Jimmy Connors Why Kobe Bryant Was Obsessed With Michael Jordan,LA Lakers president recently, revealed how Kobe Bryant was inspired by six-time NBA champion, Michael Jordan. The new media rights deal represents a 180% increase from the previous agreement. Playoff wins count twice as much as regular season wins. Brooklyn Nets had 5 seasons with negative income, most in the league during this period. TV is an attractive option for many NBA fans since they can watch the game for free, minus the cost of their cable provider or TV service.