Thursday December 7, 2023

NBA Players Association Assets Hit Record $428M

  • The NBPA reached over $400 million in assets, but took on substantial debts to get there.
  • The union is negotiating its next CBA with the NBA.
Ron Chenoy-USA TODAY Sports
Copy Link
Link Copied
Link Copied

The NBA players association saw both its assets and debts increase as it gears up for its next round of labor negotiations. 

NBPA assets hit a record $428.1 million in the fiscal year ending Sept. 30, 2022, per its annual filing with the Department of Labor.

  • That represented a 9.5% increase from the previous year.
  • Net assets tumbled 21.9% to $209.9 million as liabilities grew from $122.3 million to $218.2 million.
  • Most of that added debt came from increased licensing revenue withheld from players — money owed to players nearly doubled year-over-year to $199.9 million.

The NBPA and NBA are in the midst of negotiations around a new collective bargaining agreement. The league is seeking a harder salary cap, which the players oppose. 

Minnesota Timberwolves owner A-Rod stands court side

A-Rod, Lore Buy Another 20% of Minnesota NBA, WNBA Teams

Lore and A-Rod will own 40% after the transaction.
December 30, 2022

Mind The Cap 

The cap for this season is $123.6 million, but teams may exceed that figure to retain players through contract extensions. Teams over the cap are not only limited in trades and signings, but have to pay a luxury tax.

All but four teams are currently over the cap. The Golden State Warriors are $78.4 million in excess, followed by the Brooklyn Nets at $70.9 million.

League revenues are expected to grow substantially with the next media rights package, which could triple the current deals with Disney and TNT that currently pay the league $2.6 billion annually.

Copy Link
Link Copied
Link Copied

What to Read

Goodell Makes ‘MNF’ Visit To Help Jaguars in $2B Stadium Talks

The Jaguars are exploring a $2 billion stadium deal.
A Chicago Bears helmet.

Yet Another Proposal for A New Bears Stadium: The Parking Lot

Popular tailgating site becomes latest stadium site possibility for NFL team.

Fresh Off Turnaround Season, The Orioles Could Be Facing Big Changes

MLB team reportedly nears sale agreement with local native and billionaire.

NWSL’s Record Media Deals Drive Schedule Expansion

The league will grow to a 26-match schedule in 2024.
podcast thumbnail mobile
Front Office Sports Today

Why the NBA May Have Made Billions With Midseason Tournament


Featured Today

The College Football Playoff is considering rotating TV networks for the national championship game.

CFP Considers Super Bowl-Like Rotation For National Championship Game

Multiple networks could share rights to the championship game, sources told FOS.
Brett Favre
November 27, 2023

Favre Welfare Case Hold-Up? "AG’s Office Has Not Expressed Interest In Pursuing"

The DOJ interviewed Brett Favre in early 2020.
The future of the Pac-12 rests on a court decision.
November 24, 2023

The Pac-12 Plays Its Final Regular-Season Game. Then A Court Decides Its Fate.

The conference's future rests with a court decision.
Lane Kiffin
November 9, 2023

Ole Miss, Lane Kiffin Lawyers Argue for Dismissal of Player Lawsuit

FOS obtained audio of Lane Kiffin's interaction with the player behind lawsuit.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Multiple Locations
Multiple Locations
Creative Artists Agency
Multiple Locations

NBA in Vegas? LeBron and RedBird Are All In

RedBird Capital Partners, Fenway Sports Group working with NBA superstar.
NLL Seals Las Vegas
December 6, 2023

Meaningful NBA Games Finally Hit Las Vegas. Expect More

End of NBA In-Season Tournament is latest major event to hit sports boomtown.
December 6, 2023

The Most Talked-about Part of the NBA Tourney? Look Down

Floors generate widespread rebuke for both design and safety.

NHL’s Chris Foster on Amplifying Content Distribution With Automation

Learn how the NHL is using WSC Sports to increase fan engagement.
December 6, 2023

In-Season NBA Tourney Upshot: Success. But Will It Change?

The inaugural edition of the tournament has been mostly a success.
December 5, 2023

Baseball Extends Celebration of Negro Leagues With HOF Tribute Game

New event dovetails with planned MLB game at historic Rickwood Field.
December 5, 2023

NHL Plans To Stage 2024 Draft At $2.3B Vegas Sphere

League becomes first sports entity to stage an event entire at venue.
December 5, 2023

NHL's Projected Record Salary Cap Reflects Revenue Surge (and Resilience)

Increased media revenue, rising attendance fuel post-pandemic recovery.