Latest Sports Scores

Scoreboard

  • MLB
  • Final
    Tor1
    Cle8
  • Final
    Mia3
    Cin6
  • Final
    Oak3
    NYM2
  • Final
    Tex6
    TB5
  • Final
    Hou7
    Bal9
  • Final
    Mil3
    Phi6
  • Final
    Det9
    Min6
  • Final
    CWS4
    KC5
  • Final
    Pit3
    Col13
  • Final
    Bos2
    LAA3
  • Final
    SD5
    SF2
  • Live
    NYY6
    Sea4
  • Live
    Atl4
    LAD4
  • Live
    Was6
    Ari2
  • 7/23 8:08 PM EDT
    StL
    ChC

NBA looking to raise $150M annually with ads on uniforms


Shortly before legendary Boston Celtics executive Red Auerbach died in 2006, he OK'd the addition of a dance squad, making his team the last in the league to do so. "You've got to pay the bills," he told Celtics owner Wyc Grousbeck.

A decade later, the team has gone from holdout to innovator, becoming just the third franchise (along with the Sacramento Kings and Philadelphia 76ers) to agree to add a small 2.5-by-2.5-inch advertising patch to its uniform as part of a three-year trial beginning next season.

4 PHOTOS
GE branding on Boston Celtics uniforms
See Gallery
GE branding on Boston Celtics uniforms
BOSTON, MA - JANUARY 25: The Boston Celtics and GE announce a multiplayer partnership on January 25, 2017, the teams first jersey patch partner beginning in the 2017-18 season in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2017 NBAE (Photo by Steve Babineau/NBAE via Getty Images)
BOSTON, MA - JANUARY 25: The Boston Celtics and GE announce a multiplayer partnership on January 25, 2017, the teams first jersey patch partner beginning in the 2017-18 season in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2017 NBAE (Photo by Steve Babineau/NBAE via Getty Images)
BOSTON, MA - JANUARY 25: The Boston Celtics and GE announce a multiplayer partnership on January 25, 2017, the teams first jersey patch partner beginning in the 2017-18 season in Boston, Massachusetts. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Mandatory Copyright Notice: Copyright 2017 NBAE (Photo by Steve Babineau/NBAE via Getty Images)
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

The NBA is the first of the big four professional leagues to allow ads on uni- forms. NBA commissioner Adam Silver has compared the move to the settling of the American West, calling it "manifest destiny" at 2016's All-Star Game.

Financial terms weren't disclosed, but reports put Boston's fee at about $7 mil- lion per season, near the upper end of the estimated $2 million to $10 million per- team range. Overall, the league hopes to raise $100 million to $150 million a year with jersey ads, split 50-50 between individual teams and a league-wide revenue-sharing pool. European soccer, where uniform ads are well established, dwarfs the NBA fees; Manchester United gets $80 million a year for the Chevrolet logo on its jersey.

USC professor David Carter, who heads the university's Sports Business Institute, predicts the other leagues will be watching the experiment closely and that in a few years the practice will be commonplace. The real dispute, he says, will be between leagues and their star players: "One of the areas of pushback may be from players promoting competing brands. You've got to make sure the players and the union realize that they are going to share in the revenue, and it's not going to be a drag on individual players' opportunity to make money from endorsements."

Read more: LeBron James Blasts "Hater" Charles Barkley in Rant: "I Never Spit on a Kid"

Read Full Story

Sign up for Breaking News by AOL to get the latest breaking news alerts and updates delivered straight to your inbox.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.