David Rosenthal: uncertainty

Transcript context

…Exactly. That leaves the local TV rights for any given team, which I think there are about a thousand games across all the teams that are not sold as part of the national package—82 games they all play each other. I think there is about $100–$200 million that each team makes on their own just from that—depending on what market they’re in—local TV contract. Best estimates are that’s roughly equivalent, basically think about $5 billion of that $8.8 probably comes from these TV contracts, both the national collectively-negotiated level and the somewhat individual team level. What’s really interesting that we don’t know is whether the League Pass revenue is part of that with the Turner deal or if it’s separate. Yeah, it’s a great question. Well, let’s keep going and then we can know by process of elimination. Another thing that we know for sure is that a little over a billion dollars a year is made from licensing and merchandising. Again, much like the national TV deal, the league has contractual rights with all the teams. They enter into these licensing agreements on behalf of all the teams and they share equally among all the teams. Whether you’re the Lakers selling Lebron jerseys or you’re the Bucks selling your bench players’ jerseys, all of those get paid into the same pool, which I also found was fascinating.…

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