Sources inform Michael McCarthy of FrontOfficeSports that ongoing discussions occur regarding the NBA’s potential acquisition of a share in ESPN. Recent reports from The New York Post suggested that the NFL was engaged in “advanced talks” for a similar investment in ESPN.
Simultaneously, negotiations are underway between the NBA and ESPN for a new media rights agreement, with the league aiming to increase its total rights value to $50 billion over nine years. Financial experts speculate that ESPN’s market value could reach around $24 billion.
NBA Remains In Talks On Buying Equity Stake In ESPN https://t.co/ts49dp25QR
— RealGM (@RealGM) January 17, 2024
