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Report: Turner Broadcasting planning layoffs in advance of rising NBA rights fees


Turner Broadcasting and Disney-owned properties ABC and ESPN exclusively share the national television rights to broadcast NBA basketball, and Turner wants to make sure that they keep their standing in this very lucrative partnership.

In advance of negotiations with the league on fees that are expected to soar in the next deal, Turner has reportedly planned layoffs in order to have the necessary cash on hand to pay whatever renewing the contract will cost.

From Darren Heitner of Forbes:

According to the New York Post, Turner Broadcasting is preparing to let go of roughly 550 employees in order to have enough money on hand to pay for an expected increase in NBA media rights fees.  The current media rights agreement with the aforementioned television networks is set to expire in 2016.  Rising rights fees, along with costs to broadcast more original programming, are predicted to lead to the layoffs at Turner owned TNT, TBS, CNN and truTV.

An internal memorandum circulated within Turner and dated August 19 reveals that the job cuts may be completed over the next two months.

“Information negotiations” concerning the NBA’s next media rights deal began in Summer 2013.  At the time, it was projected that a new deal would not be completed until Adam Silver took over the Commissioner position from David Stern.  Silver is now firmly established as NBA Commissioner.  The fact that Turner is seeking to move rather quickly in laying off a significant number of employees may be a sign that a new NBA media rights deal is forthcoming.

The current deal is worth more than $900 million per year to the league, but the next one could see those fees doubled.

Players are also planning for a new TV deal, in the form of signing shorter free agent contracts to wait and see how things play out. LeBron James is perhaps the most high-profile example, but others like restricted free agents Greg Monroe and Eric Bledsoe are considering playing under a one-year qualifying offer, in order to maximize their earning potential as the salary cap continues to rise in the seasons to come — something that is directly influenced by league revenue, which a new rights deal would help to dramatically increase.

TNT televises games on Thursday nights weekly throughout the season, and also chips in on the league’s bigger days on the schedule, which include the Christmas and Martin Luther King Jr. holidays. The company also shares in broadcasting the playoffs, all the way through to the Conference Finals, before ABC takes over exclusively for the NBA Finals.

Kobe Bryant “not really worried” about his shooting after 1-of-14 night

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Sometimes a picture can tell the story better than words.

That’s why above you can see all of Kobe Bryant‘s shot attempts against the Warriors Tuesday, a night where he went 1-of-14 from the floor (and “facilitator Kobe” had two assists). If you want another picture, here is Kobe’s shot chart for the game.

Kobe shot chart vs. Warriors

On the season, Kobe is shooting 31.1 percent overall, 19.5 percent from three, and he has a career low true shooting percentage of 41.5 percent. It’s hard to watch. On a team that is supposed to be developing their young stars, Kobe took as many shots as D'Angelo Russell and Julius Randle combined. Laker coach Byron Scott is good with Kobe doing whatever he wants.

But Kobe is worried about his shooting performances, right? Not so much. From Baxter Holmes of ESPN.

If Kobe can figure out the Lakers’ system this season, he will be in a club of one.

I could go on a longer rant here, but the bottom line is this is just a sad spectacle to watch. And there’s a lot of season left to watch it.

Kobe Bryant: Warriors can make run at record 33-game win streak

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Pat Riley compared the Warriors backcourt of Stephen Curry and Klay Thompson to one of the legendary guard tandems the game has ever seen — Jerry West and Gail Goodrich. Two Hall of Famers who led the 1972 Lakers to an NBA title.

That West/Goodrich team also won 33 straight games that season.

The Warriors are off to the fastest start in NBA history at 16-0 after destroying the hapless Lakers on Tuesday night, and the question of “when will they lose?” Kobe Bryant thinks these Warriors could get to that legendary 33 mark, as he told Sam Amick of the USA Today.

“Yeah, they could do it – because they’re good,” Bryant said afterward. “It’s a very young league, and they’ve managed to put together a team of extremely intelligent players and extremely versatile players, and great shooters. And so I see no reason why they couldn’t continue to extend (the record).”

The Warriors are not even halfway there and have shown some flashes of one-game vulnerability of late (a rough game against the Nets, for example). They have an upcoming seven-game road trip with a couple back-to-backs where they likely stumble at least once.

Then again, look at their next dozen opponents: Suns, Kings, Jazz, Hornets, Raptors, Nets, Pacers, Celtics, Bucks, Suns, Bucks, Jazz. Teams such as the Raptors and Pacers are certainly playing well, but there is no team on that list that makes you step back and say “that’s a loss.” Get through that dozen and the Warriors are at 28-0 and the Lakers’ record is within shot. The Warriors are not going to stop doing what they do — if the wearable science tells them Curry needs a night off, he’ll sit — but if they can get close, for a team trying to establish a legacy of greatness this would be a step in that direction.

The 16-0 mark already is.

Nick Young wears Gilbert Arenas’ old shoes during game (PHOTO)

Nick Young, Devin Harris
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In a disastrous Lakers season, one thing can be counted on (besides Byron Scott saying absurd things about Kobe Bryant): Nick Young will always be able to lighten the mood. He brought some levity to the Lakers’ blowout loss to the Warriors on Tuesday night with a blast from the past: a pair of gold shoes formerly worn by his ex-Wizards teammate Gilbert Arenas.

These shoes, like Swaggy, and like Gilbert before the injuries and the guns, are awesome and should be celebrated.

Blake Griffin hits acrobatic three-pointer to beat the shot clock (VIDEO)

Blake Griffin

During the third quarter of the Clippers’ Tuesday night win over the Nuggets, Blake Griffin had some SportsCenter-worthy acrobatics that had nothing to do with dunking. He caught a ball in the air behind the three-point line as the shot clock expired and sank this buzzer-beater:

It was just his third made three of the season.