NBA extends TV deals with ESPN, TNT - Sports - MailTribune.com - Medford, OR

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2015-02-20

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0 of 3 Premium Clicks used this month SUBSCRIBE Print + Online Subscriber Activation  |  Register x Forgot Password | Need an Account? e-edition | subscribe | newsletter | deals Home News Latest Stories Fire damages two homes in east Medford Learn about Oregon's local crowdfunding options Campos gets 25 years to life for 2013 Ashland murder Two houses burning in east Medford 10 things to know for Friday Crime, Courts and Emergency Services Fire damages two homes in east Medford Campos gets 25 years to life for 2013 Ashland murder Two houses burning in east Medford Emergency services State will investigate ticket dismissals Politics and Elections Ballots on Jackson County marijuana tax go out Friday Brown's inauguration brings hope to local lawmakers Kate Brown sworn in as Oregon's 38th governor Gov. Kitzhaber steps down, federal investigation begins Gov. 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The league renewed its deals with ESPN and TNT even though two seasons remain on the old ones. With potential competition from Fox looming, both networks were willing to pay generously to secure the rights long term. The NBA's annual revenue from the agreements will increase from $930 million to more than $2.6 billion, according to a person familiar with the terms. The person spoke on condition of anonymity to The Associated Press because the league did not announce financial figures. "We ultimately made a decision that this was the right time to go," Commissioner Adam Silver said at a news conference Monday. "These are extraordinarily healthy deals financially." The contracts will run an additional nine years through the 2024-25 season. The previous eight-year agreements end after 2015-16. "We believe at the end of the deal it will feel inexpensive," ESPN President John Skipper said. "It's hard to imagine." What was painful to imagine for both companies was life without the NBA. "Each year the playoffs help TNT win nights of television during all-important May sweeps," said David Levy, president of Turner Broadcasting System. The basics won't change: The NBA Finals remain on ABC, ESPN's broadcast partner. ESPN/ABC and TNT will continue to split the conference finals. Broadcasting rights fees have been skyrocketing across all sports as live events become increasingly valuable to advertisers. Few viewers will DVR an NBA game, which means they can't fast-forward through the commercials. "There's never been a better time to be an owner of an NBA franchise — or, frankly, any professional sports team," said Washington Wizards owner Ted Leonsis, chairman of the league's media committee. Players may remember that comment when they negotiate the next collective bargaining agreement with owners, which could happen in 2017. Owners insisted they needed a new financial structure during the 2011 talks and emerged with a deal that slashed the players' guarantee of basketball revenues. "The whole thing that went on with the last negotiation process was the owners were telling us they were losing money. There's no way they can sit in front of us and tell us that right now," Cleveland's LeBron James said. "After we continue to see teams selling for billions of dollars, being purchased for $200 million, signing for $550, $750 and $2 billion and now (Mikhail) Prokhorov is possibly selling his majority stake in the Nets for over $1 billion. That will not fly with us this time." By The Associated Press MailTribune.com By The Associated Press Posted Oct. 6, 2014 @ 8:19 pm » Comment or view comments   Reader Reaction »  STAY INFORMED   Email NewsLetter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. fantasy football Fantasy Football Outlook for Browns Stars  Feb. 19, 2015 at 6:32 pm 2015 Fantasy Football Outlook for Vikings Stars  Feb. 13, 2015 at 6:47 am Fantasy Football Outlook for Jets Stars  Feb. 7, 2015 at 4:30 am Super Bowl Fantasy Review and Highlights  Feb. 2, 2015 at 10:00 am Top Fantasy Players, Projections for Patriots vs. Seahawks  Jan. 31, 2015 at 8:39 am Fantasy Football Outlook for Titans Stars  Jan. 30, 2015 at 10:37 am calendar Connect with MailTribune.com Facebook Twitter RSS Back to top Reader Services Reader Services Home Subscriptions Subscriber controls Contact us Submissions Photos Events Letters to the editor Corrections Announcements Obituaries Story ideas Since you asked Alerts Email Alerts RSS Feeds Text Alerts Advertise Media Kit Home Products and services Ad rates Advertising contacts Mail Tribune Daily Tidings The Nickel Shop Our Valley Blogs Stay Informed   Email newsletter   Sign Up Today   Sign up for our newsletter and have the top headlines from your community delivered right to your inbox. 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