The high priced contracts that were signed in this summer’s NBA free agency were some of the most lucrative in NBA history.
The NBA is gaining worldwide popularity and growing large enough to generate more revenue as it goes.
According to ESPN’s Darren Rovell, league revenues are projected to soar to around $8 billion for the 2016-17 season.
How much growth is this? Just two years ago, Forbes
This means the NBA will see a 54 percent increase in revenue in just two years, largely due to its new television deal.
If the NBA truly hits the $8 billion mark, it will put the league closer to Major League Baseball for second in sporting revenue.
You can see the top five major league revenues from 2015 listed below:
LEAGUE | REVENUE (USD) |
---|---|
NFL | $13 billion |
MLB | $9.5 billion |
NBA | $5.2 billion |
EPL | $4.5 billion |
NHL | $3.7 billion |