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NBA agrees to terms on a 11-year, $76B media rights deal

Source says next step is for leagueÏ㽶ÊÓƵֱ²¥™s oard of governors to approve contracts
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NBA commissioner Adam Silver opens the NBA basketball draft, Wednesday, June 26, 2024, in New York. (AP Photo/Julia Nikhinson)

The NBA has agreed to terms on its new media deal, an 11-year agreement worth $76 billion that assures player salaries will continue rising for the foreseeable future and one that will surely change how some viewers access the game for years to come.

A person familiar with the negotiations told The Associated Press that the networks have the terms sheets, with the next step being for the leagueÏ㽶ÊÓƵֱ²¥™s board of governors to approve the contracts.

The person spoke to the AP on condition of anonymity Wednesday because they werenÏ㽶ÊÓƵֱ²¥™t at liberty to discuss such impending matters.

The deal, which set NBA records for both its length and total value, goes into effect for the 2025-26 season. Games will continue being aired on ESPN and ABC, and now some will be going to NBC and Amazon Prime. TNT Sports, which has been part of the leagueÏ㽶ÊÓƵֱ²¥™s broadcasting family since the 1980s, could be on its way out, but has five days to match one of the deals.

The five-day clock would begin once the league sends the finished contracts to TNT.

The Athletic was the first to report on the contracts.

In the short term, the deal almost certainly means the leagueÏ㽶ÊÓƵֱ²¥™s salary cap will rise 10% annually Ï㽶ÊÓƵֱ²¥” the maximum allowed by the terms of the most recent Collective Bargaining Agreement between the NBA and its players. That means players like Oklahoma CityÏ㽶ÊÓƵֱ²¥™s Shai Gilgeous-Alexander and DallasÏ㽶ÊÓƵֱ²¥™ Luka Doncic could be making around $80 million in the 2030-31 season and raises at least some possibility that top players may be earning somewhere near $100 million per season by the mid-2030s.

It also clears the way for the next major item on the NBAÏ㽶ÊÓƵֱ²¥™s to-do list: Expansion.

Commissioner Adam Silver was very clear on the order of his top agenda items in recent seasons, those being preserving labor peace (which was achieved with the new CBA), getting a new media deal (now essentially completed) and then and only then would the league turn its attention toward adding new franchises. Las Vegas and Seattle are typically among the cities most prominently mentioned as top expansion candidates, with others such as Montreal, Vancouver and Kansas City expected to have groups with interest as well.

As the broadcast rights packages have grown in total value over the last 25 years, so, too, have salaries because of how much that revenue stream ends up fueling the salary cap.

When NBC and Turner agreed to a $2.6 billion, four-year deal that started with the 1998-99 season, the salary cap was $30 million per team and the average salary was around $2.5 million. The average salary this season exceeded $10 million per player Ï㽶ÊÓƵֱ²¥” and itÏ㽶ÊÓƵֱ²¥™s only going to keep going up from here.

When that NBC-Turner deal that started a quarter-century ago expired, the next deal Ï㽶ÊÓƵֱ²¥” covering six seasons Ï㽶ÊÓƵֱ²¥” cost ABC, ESPN and Turner about $4.6 billion. The next was a seven-year deal, costing those networks $7.4 billion.

The current deal, the one that will expire next season, smashed those records Ï㽶ÊÓƵֱ²¥” nine years, nearly $24 billion.

And now, that seems like pocket change.

From the deal that started in 1998-99 to the one now struck to begin in 2025, the total value has climbed by about 2,800%. Factoring for inflation even between then and now, the value goes up about 1,400%.





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