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gotoHcarolina52
06-20-2012, 09:49 PM
The Miami Heat are involved in discussions for a blockbuster cable television deal that experts say are being enhanced by the long-term contract the team has with reigning league MVP LeBron James and its run towards a second NBA title.

Sources familiar with the negotiations, but who do not have permission to speak about them publicly, peg the value of the long-term deal between $80 million to $100 a year with Fox Sports Florida. Although the Heat’s new deal will only be about half the amount Los Angeles Lakers are going to get from Time Warner Cable, it will still generate at least over four times the revenue the team currently rakes in.

Says Chris Bevilacqua, who runs Bevilacqua Media, but is not involved or familiar with the details of the negotiations, “Fox has a lot of competition down there with Comcast and that plays well into the dynamics of the deal for the Heat.” The Heat’s new cable deal will be the second-richest in the NBA.

A spokesperson for Fox could not immediately comment on the deal between the Heat and the RSN.

In February, SportsBusiness Journal reported that the Heat were averaging a 6.49 rating, second in the NBA behind the San Antonio Spurs. The Lakers, however, whose television market is 3.5 times bigger than Miami’s, were averaging 258,000 households per game, tops in the league and more than double the Heat’s household average.

The Heat’s current television deal with News Corp.’s regional sports network was signed in 2004 and still has three more seasons to run, but such deals typically include clauses that give both sides an opportunity to renegotiate early for an extension or come up with a new deal.

The television windfall would pad the net worth of the Heat’s billionaire owner, Micky Arison, who paid $32 million for the team in 1988. In January we valued the Heat at $457 million, sixth-most in the NBA and $443 million less than the league-leading Lakers. The Heat’s new television deal would close about one-quarter of that gap.
http://www.forbes.com/sites/mikeozanian/2012/06/20/miami-heat-on-verge-of-blockbuster-television-deal/

justinnum1
06-20-2012, 09:55 PM
yea, just saw this. awesome news.

PackinHeat
06-20-2012, 09:58 PM
+1. This is sick!

justinnum1
06-20-2012, 10:32 PM
**** the luxury tax!

kjoke
06-20-2012, 11:00 PM
Arison should be on his knees blowing Lebron right aboout now

Ethix11
06-20-2012, 11:07 PM
Does this mean their television production will improve? It sure seemed like they can do better.

AllBall
06-21-2012, 12:31 AM
Does this mean their television production will improve? It sure seemed like they can do better.

Our broadcast is HBO compared to other team's local broadcasts.

Honestly I wonder what this means for the Heat? Do we get a Heat channel? All Heat all the time? Running non-stop classic Heat games in HD? With more Joanna Gomez and Heat dancers?? One can only dream. :drool:

JNoel
06-21-2012, 12:43 AM
Our broadcast is HBO compared to other team's local broadcasts.

Honestly I wonder what this means for the Heat? Do we get a Heat channel? All Heat all the time? Running non-stop classic Heat games in HD? With more Joanna Gomez and Heat dancers?? One can only dream. :drool:

That would be mother****ing sick

:pray:

Slug3
06-21-2012, 10:04 AM
Our broadcast is HBO compared to other team's local broadcasts.

Honestly I wonder what this means for the Heat? Do we get a Heat channel? All Heat all the time? Running non-stop classic Heat games in HD? With more Joanna Gomez and Heat dancers?? One can only dream. :drool:

I live out here in Southern CA and the Lakers dont even get their own channel like that, but if Miami did that would be nice.

LRizzle
06-21-2012, 11:15 AM
Hahah, the whole channel just for us seems a bit much, but I like the idea. But this is great news overall, enriching our franchise and giving Micky back some of the money he's been coughing up because of the luxury tax, so this is good. This will definitely help him keep the team adding pieces.