- 10,915
- 2,735
I think I remember seeing Corina at LCHS
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ESPN sources say Omri Casspi is finalizing a one-year contract at league min. with Sacramento tonight after clearing waivers earlier Friday
— Marc Stein (@ESPNSteinLine) July 25, 2014
Once the Kings complete the Casspi signing, they will have 14 players under contract while sitting just $61.052 under the tax line.
Kings officials would not discuss the financial details of the agreement, but the Sports Business Journal reported the deal was worth between $690 million and $700 million – or an average of $35 million a year. The team’s previous deal with Comcast was pegged at about $11 million a year.
The Sports Business Journal reported that the Kings’ deal is comparable to television deals held by other NBA teams.
The report said the Cleveland Cavaliers are paid $25 million a year by FS Ohio and that the Miami Heat make $20 million a year from Sun Sports. The Los Angeles Clippers were paid $25.8 million last year by Prime Ticket, according to the Sports Business Journal.
I'm sure it's because this is a new deal and we strong sure when the Clippers and Heat made those deals.
I think he meant to say "we aren't sure when..."
which is a good point
Wasn't Arco Arena the first arena/stadium to sell it's naming rights?
Also, the average of the new TV deal is $35mil, starting at $25mil.
So it seems like they are taking into account future TV deals and revenues going up, so thats nice forward thinking.