Wednesday, October 30, 2013

NBA Tip-Off: 6 Business Stories To Watch This Season

The NBA season gets started Tuesday night with a trio of games highlighted by a clash between the Derrick Rose-led Chicago Bulls and the two-time defending champion Miami Heat.

 Las Vegas has the Heat favored to win a third straight title with the Oklahoma City Thunder, Los Angeles Clippers and Bulls among the next set of favorites. The NBA has been on a roll in recent years thanks to a bevy of stars, success by big market franchises and the international appeal of the game.

 Total revenues for the league were expected to approach a record $5 billion last season. Here are the business stories we are tracking this season.

The four-time MVP is story 1a, 1b and 1c in today’s NBA. We have not seen the focus on one player in the NBA since Michael Jordan hung up his high tops for a second time in 1998 after his second three-peat with the Bulls. ESPN The Magazine devoted its entire NBA preview issue to all-things LeBron and it is hard to blame them.
 The immediate questions are whether James can lead the Heat to another title and win a fifth MVP (the record is six by Kareem Abdul-Jabbar, while Jordan and Bill Russell each won five).
The bigger long-term question is where James will be playing next year. He is expected to exercise his early termination option in his contract to make him a free agent in the summer of 2014, setting up The Decision 2.0
Three years after James’ departure from Cleveland, the franchise value of the Cavaliers is down 9% and the value of the Heat is up 71%. James said he will not address his free agency during the season, but the Heat, followed by the Cavs are expected to be the leaders in the race for his services.
Source: forbes
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