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All other options, cap holds, exceptions are assumed as declined, waived or renounced. ", Bleacher Report. Inside the legacy of Los Angeles Lakers superstar LeBron James; Forbes launched our inaugural Financial All-Stars list; Google erased more than $100 billion in market value Wednesday after a promo blunder with its AI model Bard; and more. He is also the co-author of Control Your Cash: Making Money Make Sense. Click on the different category headings to find out more and change our default settings. Denotes the Lakers current standing in terms of the luxury tax threshold. The LeBron effect has already been felt in ticket and merchandise sales. You only have access to basic statistics. The Los Angeles Lakers are hoping for a major revenue boost from a jersey patch?. This is calculated by determining all guaranteed salaries + any dead cap from non-guaranteed salaries + estimated exercised and declined options + estimated retained cap holds and draft pool cap holds. The fact that Peter revealed his prospects for working with Lonzo Ball might have been what drove Wish to seek a sponsorship deal with the Lakers. Do you have a blog? Its a fun game and it gives you a chance to be competitive with your friends while simultaneously getting some decent physical exercise. Review and organize the Lakers Community Fan Mail excel, and respond back to fan mail (digital and physical mail) Assist and . 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. ", 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. Compares the number of wins per player payroll relative to the rest of the NBA. If the Lakers don't make a move to fortify their chances of contending for a championship this year, they need to consider a more drastic shakeup involving Anthony Davis and/or LeBron James. Kevin Jairaj-USA TODAY Sports. Business. Some of the advertisers include General Electric, Walt Disney Company, and Rakuten, which is a Japanese e-commerce company. Question, Comment, Feedback, or Correction? Learn more about how Statista can support your business. We also reference original research from other reputable publishers where appropriate. Value of the team is based on current stadium deal (unless new stadium is pending) without deduction for debt (other than stadium debt). Cameron Latu had a very solid career at tight end for the Crimson Tide. The NBA generated $46.41 million in ticket sales during the 2020/21 campaign. 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. The Lakers do not. As an example, in 2018 the Milwaukee Bucks opened a $524 million arena, Fiserv Forum, which has generated ample opportunity for sponsorships, premium seating, and more.. Leo, was born in central Argentina in June 1987 and is an Argentine professional football/soccer player, a national icon in Argentina, and among the greatest players (and goal scorers) who, Read More What Does Lionel Messi Do for Charity?Continue, The Universe of WWE has encompassed several decades and there have been many changes along the way. The two matches today in the Abierto GNP Seguros semifinals include No. Brooklyn Nets have the lowest operating income in the NBA with a negative $80 million. During the first decade of the 21st century, the league revenue had an average year-by-year growth of 5%. How Much Does it Really Cost to Attend a Pittsburgh Steelers Game? "NBA signs deal with Nike; logo to appear on uniforms. You can only download this statistic as a Premium user. The Los Angeles Lakers are one of the most storied franchises in the NBA. NBA has become the fastest-growing sport in North America over the last few years. Revenue sharing in the NBA addresses the inequitable circumstances between small and big markets. You need at least a Starter Account to use this feature. Use Ask Statista Research Service. Dimitrije Curcic has been playing basketball for over 22 years. ", IEG Sponsorship Report. The same report indicates that it was actually the Lakers which lost the most potential fan revenue among all teams, which amounted to $52.7 million because of 10 cancelled home regular season games. 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LeBron James' injury hasn't changed the Los Angeles Lakers' goal of reaching the . 1 sports venue in the U.S. nets nearly $300 million in . Brand-loyal customers believe that a certain brand delivers both higher quality and better service than any competitorand the price does not matter. Broadcasting revenue including, in some cases, prize money received by us in respect of various competitions, will vary from year to year as a result of variability in the amount of available prize money and the performance of our first team in such competitions. Exceptions are essentially "grants" offering teams an additional way to sign players. This is a 5% increase from a year before. The Indiana Pacers and Los Angeles Lakers have gotten off to opposite starts, which could impact a potential Russell Westbrook deal between the teams. 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. Memphis Grizzlies have the smallest revenue from local TV deals, with $9.4 annual revenue. 13. Investopedia requires writers to use primary sources to support their work. "Revenue of The Los Angeles Lakers from 2001/02 to 2021/22 (in Million U.S. More and more companies are expected to pursue patch partnerships in the coming seasons. Collins is favored to win (-170) in this Semifinal match against Kostyuk (+145). The Multiple Revenue Streams Of The NBA The NBA continues to grow as basketball is now the second most popular sport worldwide, after soccer. You can learn more about the standards we follow in producing accurate, unbiased content in our. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. As impasse over pro-Hong Kong tweet simmers, what's at stake for the NBA in China? The Lakers are currently over the league salary cap. Over the last decade, the average sale price of a team has tripled. The agreement is worth $4billion over the twenty years which translates to about $200 million per year for the team. 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. Responsible for the growth . During the 2020/21 season, the NBA signed 13 new sponsorship deals that brought around $115 million per year in revenue. All Rights Reserved. They are followed by the Warriors with -$44 million. The franchise value has steadily increased from 2003 to 2019, starting with $426 million to its current valuation of $3.7 billion. The Los Angeles Lakers are hoping for a major revenue boost from a jersey patch? With greater international appeal also comes international investors as well. Other challenges to the NBA's revenue may include the continuing trend away from television viewing as other technologies have grown increasingly popular in recent years. This is a 19% drop from the season before ($264 million). Merchandise accounts for well over a billion dollars annually, and in the 2017-2018 season,for the first time in the NBA's history, teams wore advertisements on their jerseys. Part of that revenue includes the Chinese technology giant, Tencent's $1.5 billion deal to be the NBA exclusive digital partner.. However, 3 seasons faced negative revenue growth, including the 2020/21 season. 2022-23 Salary Cap: $123,655,000 NBA teams are notsold that frequently, but when they are, records break every time. 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.. Another important component of the NBA's finances is its revenue-sharing system. Get the latest Russell Westbrook rumors on HoopsHype. This about $250-300 million more than the Knicks or Lakers, the next-highest NBA teams, and possibly . Since signing up, on eBay, 12,000 of LeBron jerseys which go for a price of $23.25 including shipping, have been sold, translating to around 200 jerseys per day. It also gives you, Read More The Five Most Expensive Paintball Guns Money Can BuyContinue. We present them here for purely educational purposes. 5-ranked Caroline Garcia squaring off against No. A majority of revenue generated by the NBA and itssubsidiariesis classified as Basketball Related Income (BRI). Revenue of the Los Angeles Lakers from 2001/02 to 2021/22 (in million U.S. dollars) [Graph]. Consequently, the Cavaliers were the second to the Warriors in merchandise sales. If you are an admin, please authenticate by logging in again. These include white papers, government data, original reporting, and interviews with industry experts. Dallas Mavericks local deal generates them $20 million in revenue. The ideal entry-level account for individual users. "What The NBA's Insane New TV Deal Means For The League And For You. Or write about sports? 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 . 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. Its important to us to partner with an agency whose reach equals our ambition. A score of 120 means that the team achieved 20% more victories per dollar of payroll compared with the league average during the 2021-22 season. Since the 2017/18 season, the NBA generates around $125 per year from a sponsorship deal with Nike. The media revenue was the primary driver behind the high profits since that season they received $149 million from local media television rights, with the Time Warner Cable deal contributing most of the income. The international revenue stream is also tied to the NBA's decision to loosen its marketing rules surrounding putting advertising logos on jerseys. is awarded annually to teams who are above the cap and above the Luxury Tax Apron ($156,983,000) and can be used for contracts up to 3 years in length. Copyright 2000-2023 Sports Reference LLC. The Los Angeles Lakers are an American professional basketball team based in Los Angeles. This includes ticket purchases and concessions, TV deals that deliver the game to viewers' homes, andmerchandisingrights from jersey and apparel sales. Portion of franchise's value attributable to its arena. Our guide page will help you get specific information about each type and its effect on your feet and performance. This statistic is not included in your account. The Lakers announced Wednesday they were partnering with Sportfive, a third-party agency, to find a new partner for their jersey patch during the 2021-22 season. ", Basketball Reference. The deal is worth $24 billion over 9 years, concluding in the 2024/25 season. The patch program was first instituted during the 2017-18 season, and has experienced growth in the past few years, per Young. . In 2002, the NBA decided to partner with ESPN and ABC, signing a 6-year, $2.4 billion deal ($400 million/year). Tennis odds courtesy of Tipico Sportsbook. March 4, 2023 2:45 am ET. However, with average TV ratings under 4.0, pro basketball still has plenty of room to grow domestically. Please do not hesitate to contact me. James and LA agreed to a two-year, $97.1 million extension for the 2023-24 and 24-25 seasons. The NBA revenue dropped 10% in 2020 as a consequence of the Coronavirus outbreak. Currently, you are using a shared account. 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. Whether normalcy returns in 2021 or 2022, the extent of that normalcy remains uncertain. Chart. The report offers an in-depth breakdown of type and application segments and their sub-segments. Because BRI contributes to calculating the salary cap,revenue sharingmust be excluded from BRI because it would present an economic advantage to big market teams. In June 2015, the NBA ended its long-standing partnership with Adidas and signed an eight-year, $1 billion contract withNike(NKE). 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. As a Premium user you get access to the detailed source references and background information about this statistic. A complete NBA Revenue Breakdown: This may seem like a lot to take in, so let us do an NBA revenue breakdown to simplify it for you. The Bubble helped the NBA recuperate 1.5 billion dollars in revenue that would've been lost. The NBA also recently overtook the MLB as America's second most popular league. ", Team Sports Marketing. Revenue and operating income are for 2021-22 season and net of revenue sharing and arena debt service. "NBA to announce 9-year, $24 billion TV deal with ESPN, Turner. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. Garrett by trade is a personal finance freelance writer and journalist. Investopedia does not include all offers available in the marketplace. 20 Cities with the Worst Weather in the U.S. How Eiza Gonzalez Achieved a Net Worth of $5 Million, How Bebe Rexha Achieved a Net Worth of $10 Million. 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 Accessed March 04, 2023. https://www.statista.com/statistics/194658/franchise-value-of-the-los-angeles-lakers/, Forbes. Statista. A lottery is a low-odds game of chance or process in which winners are decided by a random drawing. 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. ", Team Marketing Report. The Lakers took home $122 million in 2013 season which was the highest amount in any United States league earned from a local Television deal. 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. Besides making changes on the court, there are other strategies the Lakers implement to ensure they have enough money to cover their expenses, and here are some of them. 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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. The Knicks still have some of the most expensive tickets in the league, and hold the position of third most expensive tickets. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. Golden State Warriors earned the most from the ticket sales, $7.78 million in 2021. "Sports Money: 2020 NFL Valuations. Licensing revenue is income earned by a company for allowing its copyrighted or patented material to be used by another company. Since 2017, the NBA started generating $2.7 billion annually from this deal. It's estimated that China generates $500 million dollars in revenue annually. All count against the team's Total Cap Allocations. Every season had positive growth. The Memphis Grizzlies have the lowest ticket price in the NBA at $35. Earnings before interest, taxes, depreciation and amortization. To use individual functions (e.g., mark statistics as favourites, set The largest revenue increase was 26%, in the 2916/17 season. "2019-20 NBA Player Contracts. Nike, which had previously produced replica jerseys, began carrying official uniforms at the start of the 2017-18 season. We also reference original research from other reputable publishers where appropriate. In the near future, we may also see a number of European-based NBA teams. The average price of NBA game tickets grew 50% over the last 10 seasons. The 30 teams making up the NBA had an average valuation of $2.12 billion each in the 2018-19 season. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. ", National Basketball Association. A THIRD of the labor force are in low-skill and low-paying jobs that make them vulnerable to falling into poverty, according to the World Bank. Brooklyn Nets had 5 seasons with negative income, most in the league during this period. As stated above, revenue from this system is not a part of basketball-related income. Partnered with the USA TODAY Sports Media Group|Powered by. lakers revenue breakdown. Register in seconds and access exclusive features. Forbes. This leads to an unsustainable system and economic disparity amongfranchises. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information Also, despite having missed the postseason in four consecutive years by 2018 season, the team has continued to rake in some cash. Accessed March 04, 2023. https://www.statista.com/statistics/196721/revenue-of-the-los-angeles-lakers-since-2006/, Forbes. "Sponsorship Spending On The NBA Totals $861 Million In 2016-2017 Season. Browse our online application for MLB, NBA, NFL, NHL, EPL, or MLS player contracts, salaries, transactions, and more. Contributing to its growth, the NBA has focused on expanding basketball viewership overseas to Europe and China.

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