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Economics Of The NBA Essay examples

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“The first time I stepped on an NBA court I became a businessman.” - Lebron James. The National Basketball Association is the pre-eminent men's professional basketball league in the world. It is widely considered to be the premier men's professional basketball league in the world. The NBA and it’s teams are part of the sports entertainment industry, just like any other major sports league in the world (NFL, MLB, NHL and other national sports leagues). A national sports team, in particular an NBA company makes it’s money by appealing the game to the audience in various ways. The company chooses a target group and a city to look for the customers who are willing to spend money.Then, the franchise gets paid with four main income sources of the NBA. The tickets, concessions, sponsorships and media broadcasting all help the National Basketball Association earn its money.

The National Basketball Association (NBA) is the most famous men's professional basketball league in North America, and is widely considered to be the best professional basketball league in the world. It has thirty franchised member clubs (29 in the United States and 1 in Canada). The league was founded in New York City on June 6, 1946, as the Basketball Association of America. The league adopted the name National Basketball Association on August 3, 1949, after absorbing the rival National Basketball League (NBL). The NBA is one of the four major North American professional sports leagues (National Basketball Association) NBA players are the world's best paid sportsmen, by average annual salary per player (Nick Harris, Global Sports Salaries Survey 2012: The Richest Teams by Average First-team Pay).

The NBA is part of the sports entertainment industry, just like ...


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...- NBA Rules History." NBA.com - NBA Rules History. N.p., n.d. Web. 28 Apr. 2014.

Source 6: Hawkins, Mark. "The Dynasty-less ’70s: A Decade of the NBA." Yahoo Sports. N.p., 1 Apr. 2011. Web. 16 Jan. 2014.

Source 10: "1984-85 Chicago Bulls." Basketball-Reference.com. N.p., n.d. Web. 14 May 2014.

Source 14: "NBA Tips Off 2013-14 Season With Record International Player Presence."NBA.com. N.p., n.d. Web. 13 May 2014.

Source 11: "How Many Championships Did Michael Jordan Win?" - Ask.com. N.p., n.d. Web. 14 May 2014.

Source 1: "National Basketball Association." Wikipedia. Wikimedia Foundation, 05 Dec. 2014. Web. 14 May 2014.

Source 2: Harris, Nick. "Global Sports Salaries Survey 2012: The Richest Teams by Average First-team Pay." Sporting Intelligence REVEALED The Worlds Best Paid Teams Man City Close in on Barca and Real Madrid Comments. N.p., n.d. Web. 14 May 2014.



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