Hello SOTGC Community,
It seems like there’s so much happening in sports right now. As if the baseball World Series and football season wasn’t enough, it’s time for basketball season to start. The NBA (National Basketball Association aka professional basketball) kicked off its season and its fight for your entertainment dollar last night.
When office talk turns to sports we’re here to give you the knowledge to own the conversation. Here are a few NBA facts that you can drop into everyday conversation to sound sports savvy.
First, a quick overview of the NBA:
- There are 30 teams in the NBA. The League is broken down into two conferences, Western and Eastern.
- A regular season consists of 82 games. Games have four 12-minute quarters with a halftime break.
- The Cleveland Cavaliers broke the city’s 52-year championship drought (in all major sports) by winning the NBA title last season.
- Not all job offers are created equal and neither are professional sports contracts. NBA contracts are much higher than those of NFL players (National Football League). Why? NBA players have guaranteed contracts (if they get hurt, they’re still paid in full), the players have a better revenue split with league and there are fewer players on roster. Speaking of contracts, the TV contracts are a big source of revenue for the NBA – $2.6 billion over nine years.
- Like your business, the NBA is always seeking additional ways to make money. They are the first of the four major professional sports to begin selling ad space on player jerseys. StubHub is paying $5 million a year for a 2.5-inch patch on the Philadelphia 76ers. Only $800,000 a square inch – a little pricier than those Jimmy Choo stilettos in your closet.
- When an NBA player is fined for a rule violation be it league policies, flagrant fouls or lost salary from a suspension, all fines and lost salaries assessed to players and coaches are distributed to charity. Unlike SEC fines, the NBPA (National Basketball Players Association) donates to a multitude of undisclosed non-profits. The fines are also tax-deductible assuming that the penalized act does not violate public law.
- NBA players love shoes as much as Carrie Bradshaw loves Manolos. Brand names are a big deal with 68% of the league wearing Nike, 15% Adidas, 6% Jordan (Michael Jordan’s namesake brand) and 3.8% wearing Under Armour. A handful of players (LeBron James, Dwayne Wade, Steph Curry to name a few) have their own signature shoes.
For tips on how to own the conversation and work these points into office chatter read our guide to talking sports in the office. Sign up for our free triweekly email publication, The Rundown, to receive the breakdown of the trending topics in sports in an easy to understand way so you’re never stuck in an awkward conversation.