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NBA Offseason Thread

http://www.espn.com/chalk/story/_/id/24245142/nba-first-league-betting-sponsor-deal-mgm

NBA signs deal with MGM

The NBA has become the first major U.S. sports league to sign an official betting sponsor.

On Tuesday, commissioner Adam Silver announced that the league struck a deal with MGM that will give the gaming company rights to use league highlights, names, logos and its direct data feed, as well as exclusively market itself as the official gaming partner of the NBA and WNBA.

Industry sources pegged the deal to be for three years and at least $25 million.

"As the landscape for sports betting in the U.S. continues to evolve at a rapid pace, MGM Resorts is a proven gaming leader for us to work with on this groundbreaking partnership," Silver said in a statement. "Our collaboration will result in the best possible gaming and entertainment experience for consumers through the use of accurate, real-time NBA and WNBA data, and our collective efforts to maintain and enhance the integrity of our games."

The pioneering move comes as no surprise since Silver has been the most progressive of all U.S. sports leaders in talking about how the NBA could interact in the gambling space.

The NBA believed that gaming partners should compensate the league for the commercial value of its intellectual property, and sources said that MGM did that in this deal.

It is not known if the NBA receives an "integrity fee" that gives the league a percentage of the amount wagered on NBA games and events. The league was looking for a .20 percent to 1 percent cut based on total bets made on the NBA to compensate for increased compliance costs the NBA believes will arise from expanded legal sports betting in the U.S. The integrity fee is strongly opposed by the American Gaming Association, whose position is that it unfairly taxes operators whose margins are already razor thin.

Allowing use of league logos and team names on boards at MGM casinos is a first for a major American sports league. The logos and league highlights will also appear on an MGM sports betting app, which will be available to states that approve online sports betting. As of now, only Nevada offers legal mobile sports betting, but sports betting operators in New Jersey are expected to launch mobile apps at some point in August.

On Monday, MGM and GVC Holdings announced a $100 million joint venture to create an online gaming experience. MGM also formed a partnership with Boyd Gaming on Monday that allows the companies to eventually offer online and mobile sports gambling in states where sports gambling becomes legal and either of the two have physical casinos.

The most lucrative opportunities figure to come in three to five years when it is projected that more than 20 states will have legalized sports gambling. Partnering with the league also could pay off in the ability to place a bet on the same screen where a live game is being shown. But this deal does not include those rights.

The NBA and MGM are expected to promote the direct data feed relationship because it will enhance the live betting product. While that product makes up a small percentage of the total NBA betting, it has been hurt by complaints of slow third-party data feeds.

MGM has properties in Nevada, Maryland, Mississippi, New Jersey and Mississippi and will open in Massachusetts next month. In May, the company also announced intentions to acquire Empire City Casino in Yonkers, New York.

Nearly $1.5 billion was bet on basketball at Nevada sportsbooks in 2017. Nevada Gaming Control does not separate the NBA and college basketball on its revenue reports. Sportsbook managers say the NBA accounts for 40-50 percent of the amount bet on basketball.
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5th Letter said:
There isn’t any videos of the incident but reputable sources are reporting it.
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i hoped it really happened

Green be talking too much shit

i bet if he was having his career wasted in Charlotte or somewhere, he wouldnt open his mouth
 
Beta said:
The Houston Rockets have interest in acquiring Atlanta Hawks swingman Kent Bazemore, according to a report from Kelly Iko of Rockets Wire.
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Iko basically repeating what Fat Boy Windhorst was talking about last week and what I've been saying about trading Anderson for more bad salary but a more productive player

I think we've actually had a couple of trades lined up for a while now but had to wait for the big dominoes to fall first(Re-signing Cliff, Capela's restricted free agency, Melo buyout) before we made any other moves

Also it's a good reason why we haven't signed Deanthony Melton yet either, probably going to end up being used in a trade
 
HarryHippie said:
They on tv acting like the Lakers roster is ass

Their 5 best players last year were babies and they won 33 games...they put vets around them along with LeBron

Blazers stayed still so they got worse
Pelicans got worse
Spurs got worst
Rockets probably got worse but I’ll wait on that

Them niggas could arguably have the 2nd best roster in the conference. 4th in the league

Dude like a puppet string with them narratives...I been peeped though, they got media in their pocket
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Pelicans got worse by not resigning the dude who missed the entire second half of the season and brought back everyone who swept the blazers in the first round and added two younger pieces who should fit right in with the style of ball Gentry wants to play?

Shut up
 
AP21 said:
Pelicans got worse by not resigning the dude who missed the entire second half of the season and brought back everyone who swept the blazers in the first round and added two younger pieces who should fit right in with the style of ball Gentry wants to play?

Shut up
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Y'all brought rondo back? Oh wait you got the rondo with no badges and not enough VC
 
southsil4lil said:
Iko basically repeating what Fat Boy Windhorst was talking about last week and what I've been saying about trading Anderson for more bad salary but a more productive player

I think we've actually had a couple of trades lined up for a while now but had to wait for the big dominoes to fall first(Re-signing Cliff, Capela's restricted free agency, Melo buyout) before we made any other moves

Also it's a good reason why we haven't signed Deanthony Melton yet either, probably going to end up being used in a trade
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So you're saying we didn't sign wade yet because there's a trade coming? Bet
 
HarryHippie said:
They on tv acting like the Lakers roster is ass

Their 5 best players last year were babies and they won 33 games...they put vets around them along with LeBron

Blazers stayed still so they got worse
Pelicans got worse
Spurs got worst
Rockets probably got worse but I’ll wait on that

Them niggas could arguably have the 2nd best roster in the conference. 4th in the league

Dude like a puppet string with them narratives...I been peeped though, they got media in their pocket
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You Don’t DO hoop.
 
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