In early March, the Madison Square Garden Company (MSG), which owns the Knicks, announced that it had purchased the rights to an NBA D-League team that will play its home games at the Westchester County Center. While it’s the 18th team in the league (which is the NBA’s ‘minor leagues,’ if you will), it’ll be just the seventh to be fully owned and operated by an NBA team. It’s an exciting announcement for fans, who can now watch elite-level basketball close to home for just $12 a ticket when the season starts next November. But, it’s perhaps even more exciting for the county’s bottom line. Below, we break down the important numbers of the deal.
5
years in the license agreement, with option to renew |
24home games to be played at the County Center - Advertisement -
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$167,000base fee MSG will pay the county per season, plus any overtime incurred |
4,400maximum capacity of the County Center |
$6,500the amount MSG will pay the county per game |
$288,000in potential earnings per year from the county’s percentage of food, parking, advertising, and concessions |
3%increase per year on what the county will be paid per game - Partner Content -
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$475the amount the county will be paid per game for utilities costs |
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