• Loading stock data...
Monday, June 24, 2024

A $295 million deal for the Warriors?

Jun 13, 2019; Oakland, CA, USA; Golden State Warriors guard Stephen Curry (30) and guard Andre Iguodala (9) react during the third quarter against the Toronto Raptors in game six of the 2019 NBA Finals at Oracle Arena. Mandatory Credit: Kyle Terada-USA TODAY Sports

In late May, the Golden State Warriors and Kaiser Permanente announced a deal that will see the non-profit health care system become the presenting partner of Thrive City, the arena district around the Chase Center, as well as the official team physician of the Warriors.

While no numbers have been officially released, according to Phil Matier of the San Francisco Chronicle, the deal could be worth upwards of $295 million

Tell me more…

Matier got the number from the minutes of a Kaiser Foundation finance committee meeting in 2016.

In them, the panel approved pursuing “a new sponsorship arrangement with the Golden State Warriors in an amount not to exceed $295.58 million.”

Kaiser’s response…

In response to the findings, Kaiser’s VP of Communications John Nelson had this to say: 

“[The number] will ultimately depend on whether various optional components are included or declined, over the 20-year period. It’s possible the final figure could be much less than that upper limit.” 

According to Nelson, $295.58 million is the most they would pay.

For perspective…

If Kaiser were to pay the entire $295 million over the course of the next 20 years, that would be more than the following:

– Bank of America’s reported 20-year, $100 million deal to sponsor the Panthers stadium (2004 – 2024) 

– Hard Rock’s reported 18-year, $250 million deal to sponsor the Dolphins stadium (2016 – 2034) 

– US Bank’s reported 25-year, $220 million deal to sponsor the Vikings stadium
(2015 – 2040)

Copy Link
Link Copied
Link Copied

What to Read

Scheffler’s Season Earnings Could Surpass Top NFL, NBA, MLB Stars

The golfer has already won more than $27 million this season.

Finals Draw Underwhelming Viewership, but NBA Juggernaut Rolls On

The impact will be negligible on the NBA’s $76 billion media-rights talks.

Lakers Hire Former Player, Podcaster, Analyst JJ Redick As Head Coach

Redick takes over the Lakers with no coaching experience.

New Koch Stake Values Nets, Liberty Parent at $6 Billion

The Koch family is well known for its conservative political donations.
podcast thumbnail mobile
Front Office Sports Today

Clock is Ticking to Restart Coyotes’ Franchise


Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.
May 21, 2024

Lawsuit: Florida Football Coaches Made False NIL Promises

The quarterback says UF backed out of a $13.85 million NIL agreement.
June 12, 2024

Fanatics Dives Into Ultra-Niche With G League Trading Cards

The company will take over the NBA license in 2025.

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
May 8, 2024

Candace Parker Joins Shaq, Iverson in Court-to-Sneaker Boardroom Pipeline

Parker was named president of Adidas women’s basketball Wednesday.
April 16, 2024

The WNBA Has Huge Ambitions as Caitlin Clark Finally Comes Aboard

Commissioner Cathy Engelbert is aware of the moment in front of the league.
March 11, 2024

WWE Borrows From UFC, Puts On-Mat Advertising in the Ring

The wrestling outfit is learning from its MMA counterpart’s playbook under the TKO Group.
Drew Brees smiling while wearing hat
December 2, 2022

Drew Brees, PointsBet Pull Off Elaborate Lightning Publicity Stunt

The video racked up over 2 million views in about 12 hours.