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

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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.

NBA players celebrate Father’s Day on social media

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Sunday was Father’s Day in the United States and as such several players around the league decided to share their feelings on the national day of appreciation horrible their own fathers and as fathers themselves.

Many of you’re to get together with their kids or with their fathers, Posting photos and giving us a nice little peek into the family lives of some of the leaves players.

Some guys, like Baron Davis and Jameer Nelson, sent out messages wishing well to those whose father’s had passed on.

Via Instagram and Twitter:

Make sure you appreciate your pops today.

Arson suspected at bar where Zach Randolph’s brother killed

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MARION, Ind. (AP) Investigators have determined a fire likely was intentionally set at an Indiana bar, one day after the brother of NBA star Zach Randolph was fatally shot there.

The fire happened at Hop’s Blues Room in Marion early Sunday – less than 24 hours after 35-year-old Roger Randolph was found dead.

Firefighters extinguished the blaze that caused an estimated $20,000 in damage. Marion Fire Department Investigator Brandon Eckstein says the cause of the fire was arson.

Early Saturday, Roger Randolph died shortly after he was found shot in the parking lot of the business. Police say no arrests have been made.

Zach Randolph was a star player in Marion and now plays for the Sacramento Kings.

Authorities didn’t immediately say whether they believe Randolph’s death and the fire are related.

Report: First round picks will walk across draft stage with two family members

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The NBA Draft is a big moment for many young men entering the league. Before the picks are announced, TV coverage shows players waiting at their tables among parents, siblings, and their agents.

Now, the NBA is apparently turning the first round into even more of a family affair.

According to Yahoo! Sports, first round selections will be invited to bring two family members to walk across the stage with them as they are selected during the draft on Thursday night. Those members will also be in the greenroom, so they will get the full experience of what it’s like to be an NBA draft pick themselves.

Via Yahoo!:

This is going to be pretty neat to see, and it should make the smiles of the players even bigger as they get to experience a lifelong dream right alongside their support networks.

The 2018 NBA Draft kicks off on Thursday, June 21 at 4:00 PM.

It’s the 10 year anniversary of Kevin Garnett’s ‘Anything is possible’ (VIDEO)

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The Boston Celtics were world champions back in 2008. After a whirlwind summer in 2007 where the team traded for both Kevin Garnett and Ray Allen, things came together for the Celtics as Paul Pierce and Rajon Rondo filled out an impressive roster.

Boston had two consecutive seven-game series to open the postseason in 2007-08, beating the Atlanta Hawks in the first round and then LeBron James and the Cleveland Cavaliers in the second. They then dispatched the Pistons in six games in the Eastern Conference Finals, and Kobe Bryant’s Los Angeles Lakers in six in the NBA Finals.

The Celtics hadn’t won the championship since the 1985-86 season, and suffered through patently bad teams or talented ones that tended to get clumsy with early playoff exits.

When Boston finally did win their title, it was Garnett who game us one of the more iconic moments of their celebration, shouting “Anything is possible!” as he was interviewed after the game.

Via Twitter:

A decade later, Boston is again in the hunt for another championship and seemingly set up to do so for years to come.