Despite having the worst local TV ratings in the NBA, the Nets are likely to get a big increase in local TV rights money starting in the 2017-18 season, Sports Business Journal reports Monday. The deal, along with the national TV rights agreement and internal cost-cutting, is likely to make the franchise highly profitable after years of enormous losses.
According to John Ourand and John Lombardo of SBJ...
The Nets used a contractual "reset" that occurs every five years to get YES Network’s majority owner Fox Sports to increase its rights fee to an annual average of around $40 million, starting with 2017-18 season, according to sources.