• Loading stock data...
Sunday, September 8, 2024
Last Chance for Tuned In Tickets!

NBA Agrees to $76 Billion in Media-Rights Deals, but TNT Still Looms

  • The NBA has finalized its long-rumored media deals, ‘The Athletic’ reported Wednesday.
  • TNT has not made its final decision about how to handle the reported deals.
Wendell Cruz-USA TODAY Sports

Welcome back, “Roundball Rock.” Farewell, Inside the NBA?

The NBA has agreed to long-rumored media-rights deals with NBC, Amazon, and ESPN, The Athletic reported Wednesday.

The deals cover 11 years and are worth $76 billion in total, as has long been reported. According to The Athletic, though, TNT Sports may still try to use contractual language to keep its rights. At the Sun Valley Conference in Idaho, Warner Bros. Discovery CEO David Zaslav told reporters, “We have a matching right.” The Athletic wrote, “If Zaslav goes through with that, he is expected to target Amazon’s package.”

Right now, though, sources have told Front Office Sports that TNT has no contacts in front of it to match yet. At that point, Zaslav’s TNT will have roughly five days to match one of the offers—or wave the NBA goodbye after a 40-year relationship.

The new deals represent an enormous increase from the league’s agreements, which paid $2.7 billion annually. Starting in 2025–26, the league will broadcast games across ESPN—the lone incumbent outlet to retain its rights—along with NBC and Amazon, the latter of which is a streaming deal. 

If the agreement does go through, TNT’s beloved Inside the NBA could be in jeopardy. Charles Barkley, the show’s star, has claimed he will retire with the rights up in the air.

When the deals are finally complete—The Athletic reports that if TNT doesn’t exercise it rights, the deals could be formally announced before the Olympics begin July 26—Adam Silver will turn his attention toward expansion. Las Vegas and Seattle are long rumored to be markets on Silver’s radar. The enormous influx of revenue—more than double the previous agreement—will also benefit players, who receive 51% of basketball-related revenue per the collective bargaining agreement. The Athletic’s projections have the maximum salary passing $100 million annually by the beginning of the next decade.

A Quote That Will Live in Infamy

The reported deals come two years after Zaslav infamously said, “We don’t have to have the NBA.” Zaslav has since walked back the comments, but it will be another line on a résumé mostly marked by consistent cost-cutting

Charles Barkley, TNT’s biggest star, blasted Zaslav for his handling of the situation. He recently suggested that his production company could simply hire the cast of Inside and sell the show back to NBC or Amazon.

If Barkley doesn’t retire, he has a clause in his contract allowing him to test the market should WBD lose the NBA and will have a slew of suitors, while Shaquille O’Neal and Kenny Smith could also have options elsewhere. Longtime host Ernie Johnson has deep ties to TNT, including his father, Ernie Sr., who also worked for the network, and would be the hardest to lure elsewhere; he may be contractually tied to WBD.

NBC’s parent company, NBCUniversal, paid a pretty penny to reunite the network with the league, with a reported offer of $2.5 billion per year. NBC had the league’s premier package from 1990 to 2002, broadcasting Michael Jordan’s entire championship run with the Bulls. NBC has long been rumored to want back in on the NBA and has two natural broadcasters to assume the reins in Mike Tirico and Noah Eagle.

What Now for the WNBA?

The WNBA would also like to double its previous deal. Previous FOS reporting suggested that the WNBA could break off from the NBA and negotiate its own deal, but at the league’s draft in April, commissioner Cathy Engelbert kept her cards close to the vest.

“I think as you look at streamers who have a subscription model, the WNBA gives the NBA longer programming across the year,” Engelbert said. “I think Adam uses the quote of 320 [days]. … I actually think it’s more days. And there’s no other set of two sports leagues that can offer that live programming and sports to a streamer like that. I would say probably in that case we need the NBA because we have a smaller footprint with only 40 games, and it’s nice to go to market together.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Nov 14, 2021; Arlington, Texas, USA; Atlanta Falcons quarterback Matt Ryan (2) smiles prior to the game against the Dallas Cowboys at AT&T Stadium.

Matt Ryan Would Like to Re-Introduce Himself

The QB turned broadcaster says he’s not the boring guy you know.

Notre Dame Paid Northern Illinois $1.4M and Lost

NIU went home with $1.4 million and its biggest win in school history.

Chiefs-Ravens Is Most-Watched NFL Kickoff Game Ever

The game peaked at 33 million viewers in the second quarter.

Federal Appeals Court Sides With Lane Kiffin, Ole Miss in Discrimination Suit

A three-judge panel upheld a February decision to dismiss a player’s lawsuit.
podcast thumbnail mobile
Front Office Sports Today

Drew Brees, Dexter Lawrence Talk NFL Changes

0:00

Featured Today

Northwestern’s Tiny Temporary Football Stadium Is Making Big Money

Despite 35,000 fewer fans in seats, Northwestern is bringing in more revenue.
Aug 25, 2024; Denver, Colorado, USA; Detailed view of a Denver Broncos snapping the football in the second half against the Arizona Cardinals at Empower Field at Mile High.
September 3, 2024

How NFL Streaming Will Work With Coverage Across Four Exclusive Platforms

Each week will feature at least one game exclusively on a streaming service.
Aug 25, 2024; Landover, Maryland, USA; A detailed view of New England Patriots footballs on the field before the game against the Washington Commanders at Commanders Field.
opinion
September 1, 2024

The NFL Let the Private Equity ‘Barbarians’ Through the Gate

Fans will barely see any change from the arrival of PE money.
PBR at Barclays Center in Brooklyn, New York
August 26, 2024

Pro Rodeo Is Pushing to Capitalize on America’s Western Culture Obsession

PBR hopes the cowboy-loving zeitgeist will propel explosive growth.
Tennis Channel

Sinclair Fires Tennis Channel CEO Over Work With Dr. Phil

It’s a major executive shake-up in the closing days of the US Open.
September 5, 2024

Why NFL+ Isn’t Part of Football’s Streaming Wars

The league-owned NFL+ is entering its third season.
September 6, 2024

Drew Brees Still Thinks He Could Star in an NFL Booth

Brees spent one year with NBC after retiring from the NFL.
Sponsored

Untold Team

Behind each major athlete are those who contribute to their success. This is the Untold Team.
September 5, 2024

ESPN Defends AI Game Coverage Amid Backlash

The articles will begin to appear starting Friday.
September 5, 2024

Amazon Nears Game-Changing Deal to Stream Bally Sports Content

The online retail and streaming giant nears a long-expected deal to stream most of Diamond Sports Group’s content.
September 5, 2024

Belichick Remaining in NFL Spotlight With Unprecedented Media Schedule

The coach has lined up a half dozen weekly media jobs.
September 5, 2024

How the Chiefs Are Prepping for Year 2 of Taylor Swift Mania

The pop star is expected to attend more games this season.