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.
Devin Booker was the story of the NBA Friday night.
The 20-year-old Suns’ guard — who never scored more than 19 points in a game at Kentucky in college — dropped 70 on the Boston Celtics in a losing effort. He becomes only the sixth player in NBA history to score at least 70 in a game. At the end the Suns were fouling and calling time outs to stop the clock and get the ball back to Booker, but as Phoenix coach Earl Watson said to those who complained, “You got a problem with that? Do something. Simple as that.”
NBA Twitter exploded at what Booker did.
Booker himself responded this way.
There was no hesitation. None was expected.
After UCLA was eliminated from the NCAA Tournament in the Sweet 16 by Kentucky, the Bruin’s Lonzo Ball — who is expected to be a top-three pick — declared for the NBA draft this June.
Ball is expected to go second or third in the upcoming NBA draft. Speaking with people around the league Washington’s Markelle Fultz is a clear No. 1, but after that if the Lakers — the team with the second-worst record in the league — have the No. 2 pick they are expected to snap up Ball. Depending on how the lottery shakes out the top of the draft, Ball could fall a little — there are teams that like Josh Jackson — but not much.
Ball is a 6’6″ point guard who averaged 14.7 points, 7.6 assists and 6.1 rebounds a game for UCLA last season. He has fantastic passing vision, impressive shooting range (although he can take some questionable shots), and a great sense of floor spacing and how to run an offense, particularly in transition. However, his weaknesses were exposed in his final game some as De’Aaron Fox of Kentucky completely outplayed Ball. Defensive pressure took Ball (and the Bruins) out of rhythm, forced them to play in the half court (where Ball is not as strong), and it’s one of the things Ball is going to have to adapt to at the next level where everyone is more athletic. Also, he’s going to need to get more consistent defensively.
The potential for Ball to be special is there, which is why he will go high in the draft.
And no, the rantings of his father will not change that. Teams see the father as a distraction that can be handled, they aren’t going to let him get in the way of drafting talent.
Kobe Bryant said “Thank you. I learned so much from you as a player.”
Jerry West said he loved him like a son.
Jeanie Buss said “No one celebrates a championship like you, but please no more asking Mark Madsen to dance.”
The Lakers unveiled a new statue for Shaquille O’Neal Friday night, one flying high over a Staples Center entrance, and the stars were on hand for the event. Phil Jackson was there making Snoop Dogg jokes. Shaq and Kobe were sharing laughs. It was a big night for a big man with a big personality. And a big heart.
Check out the highlights above.
Joakim Noah hasn’t set foot on an NBA court since Feb. 4, and his season was all but ended when he had knee surgery at the end of February. Last summer, Phil Jackson took a $72 million gamble on an aging Noah that has not worked at all, and left New York with an anchor of a contract for three more seasons after this one.
Tomorrow it will be official Noah is done for this season, but not because of the Knicks or his injury.
During his recovery, Noah violated the NBA’s drug policy and will pay for a 20-game suspension, reports Adrian Wojnarowski at The Vertical at Yahoo Sports.
Noah tested positive for an over-the-counter supplement that is prohibited under the outgoing Collective Bargaining Agreement, league sources said.
Noah, 32, is expected to serve 10 games of the suspension to finish out the 2016-17 regular season and 10 games to start the 2017-18 season, league sources said.
The National Basketball Players Association’s investigation concluded that Noah hadn’t “knowingly or willingly” violated the policy and cooperated fully with the league’s probe, league sources said.
According to reports, this is not a substance banned in the new CBA that kicks in July 1, but was covered in the previous CBA. Over-the-counter supplements could be something put in his regular workout recovery drinks that he was unaware of, although we are unsure of the details.
Traditionally, the player has to be healthy enough to play before the league starts the suspension. Noah has been out for more than a month, but if a league doctor says he is healthy enough to play the then the clock on the suspension can start. The 10 games this season is no big deal for the Knicks, he wasn’t going to play anyway, but the 10 at the start of next season could sting (depending on how they plan to use him).