How much do NBA jersey sponsors cost?
The company has contracts with the Nets, Milwaukee Bucks and Indiana Pacers. Said Laatz, “Some teams are getting more than $15 million per year for jersey patches and that is close to the $30 million a naming rights sponsorship can bring in annually.”
How much do sponsors pay NBA?
The National Basketball Association had no trouble overcoming the shortened season when it comes to sponsorship revenue. New findings from sponsorship consultancy IEG show that the league and its 30 teams hauled in a record $1.46 billion for the 2020-21 season, up 6% from last season.
How much did Nike pay for NBA contract?
In 2016, James signed a “lifetime” contract with Nike that is said to be more than $30 million a year and was hinted by his business partner Maverick Carter, according to Business Insider, to be worth more than a billion dollars.
Is the NBA profitable?
The NBA makes money primarily through television, merchandising, sponsorships, and tickets. The 30 teams making up the NBA had an average valuation of $2.12 billion each in the 2018-19 season. Across the 2018-19 season, the NBA generated about $8.76 billion in revenue.
Does Nike sponsor the Lakers?
Nike. The sportswear titan is another top corporate sponsor of the Lakers, and of course, it had a long association with Lakers’ legend Kobe Bryant. From 2003, the Bryant-Nike partnership made millions for both the player and company.
Which NBA team is sponsored by tinder?
Bumble and the L.A. Clippers are partnering to advance gender equality through the debut of the Bumble-branded “Empowerment Badge” which is proudly featured on Clippers jerseys.