The Board of Governors voted 29-1 in approving the NBA’s media rights offers with ESPN, NBC and Amazon with the lone “no” coming from James Dolan of the New York Knicks, sources inform Tom Good friend of the Sports activities Enterprise Journal. Dolan had despatched a letter to his fellow Board of Governors arguing that the NBA was transferring towards a mannequin just like the NFL the place native TV income was deprioritized.
Some homeowners sided with Dolan that the NBA should not level to rising valuations to ease issues about dropping native TV cash and sponsorships with the implication being that promoting their groups was their greatest monetary recourse.
Sources, nonetheless, described the three-hour assembly as a “breeze” as they have been additionally knowledgeable that the overall worth of the media rights bundle was at $77 billion over 11 years.
