Appearing on CNBC’s Squawk Box Wednesday, Brett Yormark and Jeremy Lin announced a jersey sponsorship deal between the Nets and Infor, a privately held software company .
According to Scott Soshnick of Bloomberg News, the deal will include placing a post-it sized red square on the team’s jerseys, starting in 2017-18.
Soshnick reports...
The company paid $8 million for the deal, according to a person familiar with the terms who asked for anonymity because the information is not public. As part of the tie-up, Infor will also provide data analytics and technology to support the team’s business operations, fan experience initiatives and player performance.