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Reading: New $75 Billion TV Deal Could Raise NBA Salary Cap By Huge Amount
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Home > NBA News & Analysis > New $75 Billion TV Deal Could Raise NBA Salary Cap By Huge Amount

New $75 Billion TV Deal Could Raise NBA Salary Cap By Huge Amount

Nico Martinez
Sep 20, 2021
3 Min Read
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AP News

With the worst of the COVID-19 pandemic behind us, the NBA has set its eyes back toward the future.

As one of the world’s leading sports leagues, it makes sense that the NBA would continue to get rewarded by increasingly lucrative new deals and monetary compensation.

According to a new report, the NBA will seek an enormous $75 billion rights package in 2024 — a stark increase from their current deal.

(via Jabari Young of CNBC)

After the National Football League celebrated its history-making 11-year contract worth more than $100 billion, attention shifted to the NBA’s deal, which runs through the 2024-25 season. Early thinking within league circles suggests the NBA will seek a $75 billion rights package, up from its current $24 billion deal, which pays $2.6 billion per year.

It could also drastically increase the NBA salary cap, bringing a whole new world of financial opportunity for the players.

(via Morten Jensen of Forbes)

It wasn’t long ago we saw the first $200 million contract in NBA history. Stephen Curry signed one worth $201 million in 2017 and could be on the verge of signing another one soon. The 2025 cap spike will see $200 million contracts get normalized, and for the league’s elite, $300 million will become the new threshold.

Based off a cap that by 2025 sits at $171 million, a 35% max deal would start at $59.85 million and carry 8% annual raises. Over a five year period, that becomes $347.1 million with the final year being worth $79 million alone, which is $9 million more than the entire salary cap number in 2015. For NBA teams and NBA agents, it’s time to map out their financial futures.

Despite a dip in viewership during the pandemic, the NBA is taking steps in the right direction, implementing a play-in tournament that performed well over the past two seasons. With some more time to recover, it’s likely that things will keep trending upward.

Over the next few years, we’ll see players and teams specifically plan for this financial boom, and they should.

For the NBA, it’s only fitting that they aim for the sky, as they’re currently the second most popular league on the U.S. sports landscape.

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ByNico Martinez
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Nico Martinez is a veteran staff writer for Fadeaway World from Brooklyn, New York. He joined Fadeaway World in 2016 and is currently residing in Columbia, South Carolina. Nico holds a degree in Sports Management from Columbia International University where he built a strong foundation in the inner workings of sports media and management. Nico's contributions have significantly enhanced the credibility and depth of Fadeaway World's content, earning him recognition across the sports journalism community. His work has been discussed in prestigious publications like Sports Illustrated. A dedicated follower of LeBron James, Nico often leads coverage on news related to the basketball star. With nearly a decade of experience in sports journalism, Nico consistently provides comprehensive and timely basketball news, engaging a wide audience of basketball enthusiasts.Nico's most desired player to interview, past or present, is Kevin Durant. He is particularly keen on asking Durant if he has any regrets about his career, especially concerning his departure from the Oklahoma City Thunder, and why he engages so much with fans on social media. 
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