Officialsportsbetting.com NBA Betting NBA Announces WBD Didn’t Technically Match Amazon’s $1.8 Billion Per Year Offer

NBA Announces WBD Didn’t Technically Match Amazon’s $1.8 Billion Per Year Offer

The NBA has announced their decision that Warner Bros. Discovery didn’t technically match the terms of Amazon’s $1.8 billion per year offer for media rights and that they will move forward with the tech company as intended.

“Warner Bros. Discovery’s most recent proposal did not match the terms of Amazon Prime Video’s offer and, therefore, we have entered into a long-term arrangement with Amazon,” the NBA said in a press release.

“Throughout these negotiations, our primary objective has been to maximize the reach and accessibility of our games for our fans. Our new arrangement with Amazon supports this goal by complementing the broadcast, cable and streaming packages that are already part of our new Disney and NBCUniversal arrangements. All three partners have also committed substantial resources to promote the league and enhance the fan experience.

“We are grateful to Turner Sports for its award-winning coverage of the NBA and look forward to another season of the NBA on TNT.”

The decision could lead to litigation as TNT had negotiated match rights in its previous deal with the NBA.

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NBA Teams Worth $4 Billion On Average, Up 33 Percent From Last YearNBA Teams Worth $4 Billion On Average, Up 33 Percent From Last Year

The average valuation of NBA teams is up 33 percent from last year at $4 billion, according to Sportico.

Compared to Sportico’s first valuation three years ago, the average team valuation is up 70 percent.

The Golden State Warriors are the NBA’s most valuable franchise at $8.28 billion, followed by the New York Knicks at $7.43 billion and the Los Angeles Lakers at $7.34 billion.

The Dallas Cowboys are the only sports team in the world worth more than the Warriors, Knicks and Lakers, with the New York Yankees rounding out the top five.

Collectively, the NBA’s 30 teams are worth $120 billion, including team-related businesses and real estate held by owners.

The NBA has an 11.0 average value-to-revenue multiple, which is the highest amongst the major sports leagues. The NFL, by comparison, has an 8.8 average value-to-revenue multiple, while the MLS is at 6.5.

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