Menu
Franchises

GOOD AND WELFARE, NBA STYLE: BUCKS TO GET A HANDOUT

          The Bucks could be among an undetermined amount of
     teams that will split about $49M from the NBA under a
     league-wide revenue sharing plan "quietly" approved in early
     November, according to Mark Kass in the BUSINESS JOURNAL OF
     MILWAUKEE.  The NBA will distribute funds it has collected
     from teams that broadcast their games beyond a 75-mile
     radius to small-market franchises that "lag" in local TV
     revenue, according to a formula devised by the league. 
     Bucks VP/Business Operations John Steinmiller said that the
     Bucks will qualify for funding due to the lack of a
     lucrative TV or radio deal.  The Pacers, T-Wolves, Nuggets,
     Hawks and Kings as franchises in the running for the revenue
     sharing set to begin next summer.  Steinmiller noted that
     the plan was approved "without much fanfare" since the money
     the NBA was held by the league from past TV revenue. 
     Steinmiller: "The money was being held in escrow, so it
     makes it harder to scream if someone is not taking the money
     out of your pocket" (BUSINESS JOURNAL OF MILWAUKEE, 11/25).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/1996/11/26/Franchises/GOOD-AND-WELFARE-NBA-STYLE-BUCKS-TO-GET-A-HANDOUT.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/1996/11/26/Franchises/GOOD-AND-WELFARE-NBA-STYLE-BUCKS-TO-GET-A-HANDOUT.aspx

CLOSE