Forbes Magazine

Recent Articles

ESPN extends deal with WNBA; financial details kept $ecret



Two big changes were recently announced by the WNBA: an extension of its current deal with ESPN for six years, and a new logo was unveiled. “This new extension,” proclaimed ESPN President John Skipper at the March 28 press conference in New York, “ensures we will be together a minimum of 26 years. We have been with the league since it started in 1997.”

“I feel like we’ve spent the last three or four months meeting with literally every department within ESPN to talk about how these two great companies can come together and really take women’s sports to the next level,” added WNBA President Laurel Richie. Up to 30 W games, including playoffs, the draft, and the all-star game, will be shown on ESPN during the extended deal that now runs through 2022. That adds up to only 180 games over the life of the contract in comparison to the 220 NBA games telecast each season on ESPN, ABC, TNT and NBA TV. Continue Reading →

Filed under: , , , , , , ,

Another strong-arm tactic to divert taxpayer dollars to franchise owners’ bottom line



Short of a new building, local taxpayers should pay for improvements to the downtown arena where the Minnesota Timberwolves play, according to NBA Commissioner David Stern. These “Stern comments” came a couple of weeks ago prior to his meeting with City officials “just to talk about where things stand in respect to centering back to the great building it was,” said the league commish of the publicly owned arena. “When you think about the [proposed] new scoreboard, the signage, the seats, the clubs, the restaurants, everything really takes the ambiance of the building…and brings it really into the 21st century,” he suggested. In other words, here comes another strong-arm tactic, subtle or otherwise, that league commissioners typically employ whenever franchises can’t get what they want. Forbes Magazine’s NBA Team Values list of the 30 franchises reveals that every team increased its value since last year, including a 34-percent increase for the Wolves, who rank 26th in current value ($364 million). Continue Reading →

Filed under: , , , , , , ,