Name: なぜニューヨーク・ニックスはとても高価なのか？ (Why The New York Knicks Are So Expensive | So Expensive)
Uploaded: 2021-01-14T08:04:01.000Z
Duration: 3 min 25 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

the New York Knicks' value at $3.6 billion.

Making it the highest valued franchise in the NBA

But the team's business prowess hasn't translated

The Knicks have endured five straight losing seasons,

won one playoff series in the past decade,

and gone through 11 coaching changes since 2001.

Plus, the team's total attendance has fallen

and the Knicks' is Madison Square Garden.

David Berri: "The stadiums are like amusement parks

and there's such an atmosphere to go to it,

that they've made it so that wins and gate revenue

are increasingly have a smaller and smaller link."

Madison Square Garden is valued at $828 million

and accounts for 23% of the Knicks' value.

the Garden underwent a $1 billion renovation

and the franchise is still profiting from it.

The changes created new channels for sponsorship,

and in 2017 the stadium updated its suite membership,

Both factors amounted to a 9% increase in value

Another key to the Knicks' off-court success

Fixed revenues are revenues not linked to wins.

bigger, and bigger, and biggere over time.

So a fixed revenue is your national broadcasting deal.

of a nine year, $24 billion national TV contract.

The deal pays the NBA about $2.6 billion per year,

which equals about $88.9 million per team.

The payout is three times higher than the value

and players' salaries rose along with it.

If a team can't generate enough local revenues,

made the playoffs seven seasons in a row,

have a TV market that is worth one tenth of New York's.

whether you win or not is not gonna make a big difference.

Teams with hefty TV deals, expensive stadiums,

While successful small market franchises,

who've made five straight trips to the playoffs,

but they're worth half of what the Knicks

So the Knicks are not struggling financially.

They're doing quite well, I would guess, financially.

but on court performance is really mostly

a function of your ability to evaluate talent.

In that, there is some disparity in doing that.

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なぜニューヨーク・ニックスはとても高価なのか？ (Why The New York Knicks Are So Expensive | So Expensive)

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