The Los Angeles Lakers generated about $680 million in revenue and $129 million in profit last season, while their Spectrum SportsNet deal is projected to bring in another $180 million annually through 2032.
ESPN insider Brian Windhorst detailed the Los Angeles Lakers’ remarkable financial position among other NBA teams.
According to figures cited by Windhorst on The Hoop Collective podcast, the Lakers generated approximately $680 million in revenue last season.
“The Wall Street Journal said that the Lakers’ profit was $129 million,” Windhorst added.
A significant portion of the Lakers’ business also comes directly from games at Crypto.com Arena.
Windhorst mentioned that the LA franchise generates around $245 million from tickets and other game-day revenue, including parking, concessions, suites, etc.
“They make $245 million on tickets and game day,” he underlined.
The financial details have emerged as Joshua Kushner and former Disney CEO Bob Iger work toward purchasing a controlling interest in the Lakers from Mark Walter at a record $12.5 billion valuation.
Credit AP – Scanpix
Lakers have massive local TV advantage
One of the biggest advantages revealed in the investor materials is the Lakers’ local television agreement with Spectrum SportsNet.
Windhorst said NBA teams are expected to receive approximately $144 million each from the league’s new national media-rights agreements with ESPN, NBC, and Amazon, with roughly $32 million more coming through league-wide revenue such as sponsorships and licensing.
“So what they’re saying is that the check that’s coming from the league that every team gets is roughly $176 million,” Windhorst explained.
The Lakers, however, are projected to receive an additional $180 million from their local television contract alone.
“This is what I’m fascinated by: the number that I’m about to give you,” Windhorst told co-host Tim MacMahon. “The local media rights. … This is the deal that differentiates the Lakers from everybody else. $180 million.”
That means the Lakers are projected to earn slightly more from their local TV contract than each NBA franchise receives from the combination of national media rights and other shared league revenue.
According to Windhorst, the Spectrum agreement runs through 2032.
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