Chapter 703 A New Era! 3.2 Billion Broadcast Contract!

"So, congratulations to everyone, we have reached this signing." When Stern's pen fell on the contract, the league executives on the side opened champagne to celebrate the NBA entering a new era!

A new era has really arrived. The moment the tip of the pen hits the paper, this era has arrived.

4-year US$3.2 billion broadcast contract! (Historically, because of Jordan's departure, the NBA ended up signing "only" a 4-year, 2.5 billion contract with NBC, TBS, and TNT)

It was jointly won by five television stations: NBC, TBS, TNT, ABC, and Turner Sports!

Five TV stations! ! !

$800 million per year! ! !

800 million!

Starting from the 1973-1974 season, CBS signed a contract with the NBA and paid the NBA a total of US$27 million in broadcast fees for three years. Since then, CBS and the NBA have renewed their contract four times. In the 1986-1987 season, NBA broadcast fees have risen to US$174 million over four years, almost five times what they were 13 years ago.

On April 28, 1993, NBC, TBS, and TNT signed a four-year, $892 million (94-98) contract. This contract was already a sky-high price at the time.

Players' salaries began to skyrocket from that moment on, and basketball became the second most popular sport in the United States after football. Magician Big Bird Jordan and the Assassin pushed the NBA into a new era.

And now that the five TV stations have jointly contributed to the contract, the cost of the broadcast contract for one year is equivalent to that of the past four years!

A whole new era! A brand new broadcast contract!

Five TV stations joined forces to contribute the largest broadcast contract in the history of the NBA.

what does that mean?

The team’s broadcast revenue will quadruple!

Although the number of live broadcasts varies, some teams will receive more dividends if they have more live broadcasts across the United States.

But at least there is a guarantee!

This contract is also the highest-priced broadcast contract among the four major leagues in the United States, second only to the Major League Rugby League.

Almost all the bosses smiled knowingly after learning that the contract was signed.

The days of lying at home counting money are coming.

The income of current American basketball teams is divided into several parts. Venue ticket revenue is a very big part. Teams with good records will have much higher incomes, while some teams with poor records may be operating with debt.

And this model ends here!

After the signing of this sky-high price broadcast contract, apart from those historically powerful teams with huge popularity, the majority of the team's income comes from this broadcast contract!

This broadcast contract is enough to provide the bottom teams in the league with a good income guarantee, and will also increase the market value of the entire NBA to an exaggerated level.

Five TV stations, the game among them is unknown. It was originally divided into two camps - the old cooperation camps such as NBC, TBS and TNT.

The second camp is ABC, Turner Sports, and ESPN who have seen the worldwide craze brought about by Jordan and Kobe and want a share of the pie.

Finally, ESPN was squeezed out! Five other TV stations jointly contributed a broadcast contract that shocked the world.

This contract is comparable to the Premier League!

It is enough to show how terrifying the influence of the NBA is.

Although basketball only has the NBA, the Premier League is only a part of football. But to be compared to the greatest and most popular sport in the world is pretty good.

This is an unprecedented event in the NBA!

"A new era of the NBA is coming." Stern looked at the jubilant crowd and raised his head, as if he saw the star-studded NBA in the future.

The prosperous age I want is coming.

"Michael Jordan is in contact with multiple team executives, and it is said that some teams are privately willing to give Jordan team shares. Jordan denies this."

"Richmond announced that he will not renew his contract with the Utah Jazz and will seek a maximum salary contract in the new era."

“Chris Webber declared free agency and sources say it’s not out of the question that he could return to the Magic.”

"Pippen is looking for a new home, and his options are not limited to partnering with Jordan."

"Dennis Rodman is currently in a state of neglect, and the Bulls have no intention of renewing his contract."

"Phil Jackson has not accepted any interview invitations from any team. He seems to be waiting for something."

"Patrick Ewing submitted a trade request to the team, in response to which Dolan indicated that he would accept open offers."

"The Timberwolves announced that they will keep Garnett in Minnesota at all costs. Kevin Garnett may stay with the Timberwolves on a long-term contract."

"Penny Hardaway has reached a verbal agreement to sign a huge contract with the Magic."

"Drexler is hesitating to retire."

"Grant Hill submitted a trade request to the team. He refused to participate in the Pistons' reconstruction. He wanted to be traded to a team that could compete for the championship."

"The Suns put some players on the shelf and they want some change."

"The Grizzlies will trade their high-volume point guard Chauncey Billups."

"Chris Mullin announces he will not re-sign with Lakers."

"The Lakers are replenishing their coaching staff."

"The Nuggets are open to trading their No. 3 pick."

"Phil Jackson officially resigned, and famous NCAA coach Tim Floyd joined the Chicago Bulls."

"George Karl resigned, and the Sonics blamed their head coach for two consecutive losses. The head coaching position is currently vacant."

"Nuggets head coach Bill Hanzlik leaves, and Mike D'Antoni joins the Nuggets."

"Clippers coach Bill Fitch quits, Chris Ford joins Los Angeles!"

"Milwaukee Bucks coach Chris Ford fired, George Karl hired."

"Sacramento Kings head coach Eddie Jordan has resigned and the head coaching position is currently vacant."

What a mess!

The world is in chaos!

The moment the high-priced broadcast contract was signed, the NBA players, immersed in the lazy atmosphere of the off-season, emerged from the water like sharks smelling blood!

3.2 billion!

That’s 3.2 billion!

Under such capital frenzy, a new era is coming.

And no matter who can win the first championship in the new era, it means that they will be the first to write an epoch-making stroke in the new chapter of the NBA.

Countless coaches have been fired, and a large number of new coaches have been hired!

"Kobe, the Kings, the SuperSonics, and the Wizards have all sent me head coaching offers. Which one do you think is more suitable for me?" Rambis called Kobe. As the Lakers' championship assistant coach, in this era of changing dynasties, many teams have extended invitations to him.

"These teams are all hot pizza." Kobe felt a little sorry for Rambis.

The Kings left Richmond. Are there any players who can be named?

Anyone the SuperSonics replaces will be a second-rounder, and Rambis cannot do better than George Karl.

The Wizards are a fringe playoff team, neither better nor worse. This kind of team with no record and no draft picks is the most difficult to lead.

These three teams can all be said to have had a hell of a start.

Kobe suddenly thought that the Kings seemed to have the No. 7 pick this year?

"Will you believe me? Curt."

"certainly!"

"Go to the Kings and draft Paul Pierce with the No. 7 pick."