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• State Farm has signed a deal to become the exclusive official insurer of the Big3-on-3 basketball league, including branding throughout Big3 arenas in all 18 cities this summer on basket stanchion pads, center court jumbotrons and courtside LED signage. The company will also present Big3 games played at State Farm Arena in Atlanta on July 7.

• SunTrust and BB&T financial firms said that Truist Financial would be the name of the company following their merger later this year. The name — “intended to give the bank a single, fresh identity” — could also become the new name for the home venue for the Atlanta Braves, now known as SunTrust Stadium.

• CBS Sports Digital has unveiled MVP Sports Marketing, an “initiative that will help brands build strong and sustainable engagement in local sports communities around the country.” An in-house team will "leverage CBS Sports Digital’s deep community connections through its nationwide coverage of high school and college sports and partner with brands to “develop unique multi-faceted sponsorships that build brand equity, deepen consumer relationships and drive revenue.”

• BBVA Compass Stadium, home to the MLS Houston Dynamo, has been renamed BBVA Stadium as part of financial company BBVA Group's overall rebranding process.

• The LPGA said it would “implement a comprehensive integrity program, in partnership with Genius Sports, to deliver sports-betting related monitoring, education and structures for the management of investigations.”

“Sports betting is certainly coming and we’ll have to get our hands around it," LPGA commissioner Mike Whan said via the organization. “Sports betting may bring another wave of worldwide sports fans to the LPGA, but it will require us to be protected and supported by experts like Genius."

• Cody Bellinger of the Los Angeles Dodgers and Milwaukee Brewers outfielder Christian Yelich have each topped one million votes in the first National League results released by MLB for the 2019 All-Star Game in the All-Star Game Ballot presented by Google. Full story here.

• With the 2019 MLB All-Star Game presented by MasterCard just four weeks off, the league has unveiled the first fan ballot results presented by Google for the AL — and the numbers are very good for Gary Sanchez, Mike Trout and George Springer. Full story here.

• Pete Frates and Pat Quinn, co-founders of ALS Ice Bucket Challenge, have launched with The ALS Assn. the 5th anniversary of “Challenge Me” with a “new call to action to reignite the passion and generosity of the millions of people who dumped ice water on their heads in the summer of 2014.” 

POLL POSITION

The Top Ten World’s Highest Paid Athletes
1, Leo Messi soccer $127M
2. Cristiano Ronaldo soccer $109M
3. Neymar Jr. soccer $105M
4. Canelo Alvarez boxing $94M
5. Roger Federer tennis $93.4M
6. Russell Wilson NFL $89.5M
7. Aaron Rodgers NFL $89.3M
8. LeBron James NBA $89M
9. Stephen Curry NBA $79.8M
10. Kevin Durant NBA $65.4M

Full story here.
SOURCE: FORBES

KEEPING SCORE

2019 Top Selling Summer Acts
Based on total sales on StubHub for U.S. tour dates from Memorial Day to Labor Day 2019
1. The Rolling Stones
2. Queen with Adam Lambert
3. Paul McCartney
4. Ariana Grande
5. Shawn Mendes
6. Billie Eilish
7. JoJo Siwa
8. Twenty One Pilots
9. Hootie and the Blowfish
10. Florida Georgia Line

Full story here.

BUY SELL

Weekend Box Office June 7-9
1. The Secret Life of Pets 2 $47.1M
2. Dark Phoenix $33M
3. Aladdin $24.5M
4. Godzilla $15.4M
5. Rocketman $14M
6. Ma $7.8M
7. John Wick 3 $7.4M
8. Avengers: Endgame $4.8M
9. Pokémon Detective Pikachu $3M
10. Booksmart $1.6M
Source: Box Office Mojo

SEARCH

NYSportsJournalism.com + Topic Of Requested Search

Toy Story 4 Alaska Airlines See More Ads Below

 

COLLEGE

BodyArmor Into NCAA
No. 1 Colleges Since '92
Notre Dame Builds Brand
Cancer Drives Home
Men's Hoops Are 'Toxic'

Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#46Ul8rBF4XpB4lo0.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#JZxA5jXY4rCwemgZ.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#JZxA5jXY4rCwemgZ.99
Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.
Read more at http://www.brainyquote.com/quotes/quotes/j/johnfkenn121400.html#46Ul8rBF4XpB4lo0.99
Channel Chasers

NFL UK 2019
• Oct. 6 Chicago Bears v Oakland Raiders Tottenham Hotspur Stadium
• Oct. 13 Carolina Panthers v Tampa Bay Buccaneers Tottenham Hotspur Stadium
• Oct. 27  Cincinnati Bengals v Los Angeles Rams Wembley Stadium
• Nov. 3 Houston Texans v Jacksonville Jaguars Wembley Stadium

NFL Mexico 2019
• Nov. 18 Kansas City  Chiefs v Los Angeles Chargers Mexico City Estadio Azteca (ESPN Monday Night Football).

Wednesday
Feb062019

Hot Shots: NBA Teams Valued At Record $1.9B, Topped By Knicks, Lakers, Warriors

By Barry Janoff

February 6, 2019: The New York Knicks have one of the worst records in the NBA, have not won a NBA championship since 1972-73 and are currently moving players and salary with the intention of signing two major players for the 2019-20 season.

None the less, the Knicks continue to lead the NBA in one significant area: Most valuable franchise.

The team is valued at $4 billion, up 11% from last season, which is also tied for second most-valuable sports franchise in the U.S. with crosstown neighbors the New York Yankees, both behind the NFL’s Dallas Cowboys at $5 billion.

The average NBA team is worth $1.9 billion, up 13% over last year and three times the level of five years ago, according to a new report from Forbes.

By comparison, the 32 NFL franchises are valued at an average of $2.57 billion, with six teams valued at $3 billion or more.

Second to the Knicks are the Los Angeles Lakers, now led by LeBron James, valued at $3.7 billion.

The two-time defending NBA champion Golden State Warriors are No. 3 and the only other NBA team topping $3 billion at $3.5 billon.

With the Warriors leaving Oracle Arena next season for the $1 billion Chase Center — and with $2 billion in contractually obligated income from sponsorships, suites and season ticket holder fees for the new arena — Forbes said to “look for the Warriors to challenge the Knicks as the NBA’s leading revenue generator.”

The Top Five this season also includes the Chicago Bulls ($2.9 billion) and Boston Celtics ($2.8 billion).

The Knicks crosstown rival Brooklyn Nets come in at No. 6 ($2.35 billion) while the Lakers co-Staples Center tenants, the Clippers, are No. 9 ($2.2 billion).

With James leaving town, the Cleveland Cavaliers dropped from No. 15 last season to No. 25 this season ($1.28 billion).

The Milwaukee Bucks, now in new Fiserv Forum, come in at No. 22, valued at $1.35 billion, up 145% since the ownership group bought the team for $550 million in 2014, according to Forbes.

At the other end of the spectrum, but still valuable commodities: the Detroit Pistons at No. 26 ($1.27 billion), No. 27 Minnesota Timberwolves ($1.26 billion). No. 28 Charlotte Hornets ($1.25 billion), No. 29 New Orleans Pelicans ($1.22 billion) and No. 30 Memphis Grizzlies ($1.2 billion).

The Philadelphia 76ers were the biggest gainer for the second-straight year, up 40% to $1.65 billion.

Over the past five years, the largest franchise value gainer is the Warriors, up 367%, with the team winning three NBA titles over the past four years, according to Forbes.

The  Clippers were second (up 282% over the past five years) followed by the Sixers (252%), Bucks (233%) and the Toronto Raptors (222%).

Total NBA revenue hit $8 billion last season, up 8.5%.

According to Forbes, “In addition to the gains from TV and arena renovations, teams reaped the rewards of the NBA’s logo patch sponsorships.

“The three-year trial program started with the 2017-18 season, and every team except the Oklahoma City Thunder has a deal in place, at an annual rate of between $4 million and $20 million.”

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