Of the many industries and sectors hit by the economic chaos of the last year, there are few that have had to adapt to the new normal quite as quickly as professional sports. This is true of professional sports across the world, as the varying degrees of ongoing restrictions make live sports difficult commercial terrain to navigate. And with mass gatherings of crowds off the table – until at least this coming summer – the future looks even more uncertain for sports fans and team owners alike.
But with income from in-person ticket sales not an option for the foreseeable future, how are NBA teams making up for the lost revenue this would ordinarily bring, in these uncertain times?
According to recent reporting on the financial health of the NBA, the organization suffered a 10% loss to its finances in the 2019-20 season. This amounted to a total financial hit of $8.3 billion.
In terms of what is behind this loss, it comes from a combination of loss in gate receipts, which totaled around the $800 million mark, as well as a $400 million loss in sponsorships and merchandising. The outlook for the 2020-21 season looks similarly dim, with industry analysts already projecting a 40% loss in overall revenue if the season progresses without the presence of fans at live events and the accompanying gate-night receipts.
With these losses in mind, however, what options do the NBA have available to them to keep their financial health in check, and what steps have they taken so far?
Loosened sponsorship restrictions
As mentioned above, one of the most notable hits to the revenue of the NBA in the last season came in the form of fewer sponsorship deals being signed. Given that the overall health of the economy was declining at the time, it is understandable that companies had less money available to spend on sponsorship deals.
As a way of mitigating the economic impact of this, the NBA began loosening sponsorship restrictions that had previously limited the types of companies that could provide sponsorship, either at games or to teams. With ticket revenue essentially non-existent for the foreseeable future, this move will provide the league with a vital source of revenue going forward into the 2020-21 season.
As a result of these changes, the NBA has agreed to let hard alcohol, casino and sports betting companies provide sponsorship to NBA teams. This marks a significant change from the norm and opens these companies and business sectors to greater visibility on in-arena signage.
NBA teams have already begun benefiting from these changes, with the Memphis Grizzlies becoming the first NBA franchise to partner with a sports betting and fantasy operator. It is expected that this will be the first of many such industry tie-ups, as NBA franchises begin eying new sponsorship opportunities. And with so many sports betting platforms already recognizing the opportunity that this change presents, we can expect this trend to continue.
This change comes at just the right time for the sports betting and gambling industry across the USA, as recent legislative changes at both the state and federal level have significantly loosened decades-old restrictions imposed on them. For this reason, companies such as SkyCity Online Casino are now considering the opportunities presented by this shift in NBA sponsorship restrictions, which could allow them to gain more exposure than ever in the domestic market. In light of all this, it is an incredibly exciting time to be involved in the online gambling and sports betting sector in the USA!
In addition to diversifying the kinds of corporate entities that can acquire sponsorship rights, the NBA has also opened up other commercial ventures. This includes giving teams the ability to sell international sponsorship rights to three partners, which is an increase over last year.
An additional change will allow NBA teams to create live digital content that does not feature game footage, for second-screen use during match broadcasts. This could include in-arena, half-time shows that could be aired on the website or app of a particular team.
With all this in mind, we begin to get a sense of how the NBA is responding to an uncertain outlook for the 2020-21 season. Despite this uncertainty, however, it does look as if they are taking proactive steps to ensure that the financial impact will be relatively minimal, if not significantly lessened, as we move into the spring and summer months.
Can Curry Carry Golden State All The Way?
er can make a team but Golden State Warriors’ Steph Curry is attempting to defy that theory. Golden State is having a modest season by their high standards but they are in touching distance of the playoffs.
The fact that Golden State is even in contention is almost solely down to Curry’s performances on the court. With around one-third of the regular season remaining, the question is whether he can sustain that form and drive the Warriors all the way to the Championship game.
On April 20th against the Philadelphia 76ers, Stephen Curry returned no fewer than 49 points as his franchise cruised to a 107-96 win. This was the 11th game in which the Point Guard had landed more than 30 points and that’s an incredible run, even by his own world-beating standards.
Curry’s form is carrying GSW to an extent: After 58 games of the regular season, there was perfect symmetry in the Warriors’ return of 29-29. Winning just 50% of their matches at this stage of the campaign put the side in ninth place in the Western Conference and that’s only enough to put the team in the play-in rounds.
The aim from here must be to reach the playoffs without going through those preliminary stages. There’s enough basketball to be played for Golden State to reach the top six and make that target but it’s clear that Steph Curry will be pivotal to that aim.
Golden State Rated
Anything can happen in the remainder of the 2021 NBA season but the sportsbooks don’t rate Golden State Warriors as genuine championship contenders. According to basketball betting odds, as supplied via asiabet.org, the impressive Brooklyn Nets are the favorites to win the pennant at the end of the campaign.
In the chasing pack behind the Nets, the LA Lakers, LA Clippers, Utah Jazz, and Milwaukee Bucks are attracting some interest. As for Golden State, they are way down the list in the outright winner market.
In fact, Stephen Curry and his men are the 17th favorites to win the ultimate prize in 2021. There are 16 teams with a better chance of winning, according to those sportsbooks, and that’s not an encouraging assessment.
As the NBA regular season continues, the markets are sure to adjust depending on results. Asiabet will be ready with updates on odds and they will also provide news and opinion to complement the numbers. Anyone looking to get involved with NBA betting can also consider new sportsbooks and a host of sign-up deals and other promotions for extra value.
Can Curry do it?
The issue for Golden State Warriors is the fact that they seem almost wholly reliant on Steph Curry right now. Of course, there is a supporting cast but their experienced point guard is pivotal to their success moving forward. If he were to suffer a dip in form or an injury that forces him away from the court, GSW may conceivably finish outside of those play in places and be eliminated at the first hurdle.
The good news is that Curry is returning points at record levels. That run of 11 straight games with 30 points or more is the first time that a player aged 33 or over has hit this mark. Curry has also recorded 10 or more three-point scores in six games so far this season. No other player has hit more than five in a season in their entire career.
The point guard also has more 40 point games in a single month than any other player of his age and above.
Little is certain but if Steph Curry stays fit, he will surely finish the season as the NBA’s leading scorer. Whether he can drive Golden State Warriors into the playoffs and beyond is another question but, if anyone can do it, Stephen Curry can.
9 Fun and Easy Warm-Up Exercises
It’s essential to warm up properly before exercising, or else you risk injury or subpar performance. But many people put little effort into this crucial part of exercising because it’s relatively boring.
Some folks will even skip it altogether.
But we’re here to show that it doesn’t have to be boring to perform an effective warm-up session; in fact, it can be downright fun.
The Benefits of Warming Up Properly
We all know what can happen if we don’t warm up properly before working out, but what are some of the benefits of a great warm up routine?
- Better Flexibility
- Performance Improvement
- Increased Range of Motion
- Decreased Chance of DOMS (Delayed Onset Muscle Soreness)
- Better Blood Flow
Here’s a list of our eight favorite fun and easy warm-up exercises for you to try to keep you enjoying your workouts and improving your performance.
1 – Dynamic Stretch Warm-Up
A dynamic warm-up routine is far superior to a static stretch. Static stretching can add an additional risk of injury and be detrimental to your performance. Dynamic stretches are movements that come more naturally to our bodies and are performed using only your bodyweight. The fluidity of the motion allows your body to gently warm up rather than holding a continuous stretch that can fatigue muscles before you’ve even started.
2 – Skipping
Skipping, or jump rope, is not only an excellent way of warming up before you work out, but it’s also really fun and a great cardio workout if you jump rope for extended periods. The constant motion is a surefire way of getting your heart rate elevated, your blood pumping, and your muscles warm.
3 – Heavy Bag Work
Throwing a few punches at a heavy bag is an ideal follow-up to some dynamic stretching. Start with a few simple jabs, crosses, and hooks and work your way up to some combinations. Don’t go too crazy, though; you’re supposed to be warming up, not knocking out Jake Paul. However much you might want to.
4 – Resistance Band Warm-Up
Warming up with some light resistance bands (like these from Victorem) is an excellent way to warm up your muscles for a good workout in the gym. Performing overhead presses, crab walks, rows, band pull aparts, and squats with resistance bands will prime your muscle for heavier barbell work.
5 – Yoga
Yoga isn’t only a fantastic way of warming up before a workout; it’s a superb way of keeping your muscles, tendons, and joints healthy for many years to come. Make no mistake, though, yoga is challenging, and you’ll need a good teacher to teach you the basics.
6 – Medicine Ball Warm-Up
Medicine balls are an amazing tool not just for accessory exercises but for warming up too. You can get creative with the way you warm up with a medicine ball, and they’re brilliant for warming up with your gym buddy. Just don’t go too heavy with your selection of balls.
7 – Stationary Bike
While the stationary bike in and of itself might not be the most exciting way to warm up for you (though some people love it), you can use the static nature of the machine to busy your mind while you warm up your body. Catch up on your favorite Netflix series, read a book, answer those emails you’ve been putting off for the last few days. The options are endless.
8 – Jumping Jacks
You can’t go wrong with jumping jacks as part of your warm-up. They’re super easy, everyone knows how to do them, they don’t require any equipment, and doing jumping jacks to music is a fun way of getting your body moving and your heart rate up. Though don’t try to keep the rhythm to thrash metal, or you may pass out.
9 – Animal Crawls and Walks
There are a surprising number of warm-up exercises that are named after animals. Many of these routines get their names as they mimic the movements of the creatures they’re named after the crab walk, the frog jump, the bear crawl. There’s a whole host of different animal exercises you can use to warm up your body.
You can choose to incorporate one or two of these different exercises into your warm-up routine or mix and match them to create a whole new warm-up altogether. Keeping your warm-up routines interesting so that you stick to them is the most important thing to keep your body primed for the best workouts possible.
How it Is Hard To Predict March Madness Bracket And Why It Is So Popular?
After a gap of 1 year, the NCAA tournament is about to start. Since the tournament is going to start; The March Madness Bracket is also set to come back. It suffered a setback last year for the pandemic. There are millions of people around the world who are waiting to participate in this outstanding program which can come with plenty of money as a prize if their luck favors it. People, who are participating in this kind of lottery program, are not only basketball enthusiasts but a number of mathematicians who have a length of period of experience in prediction, have joined.
According to many, it is not as easy as it seems to predict the right outcome from the tournament. The chance to get your predictions correct is almost one in billions of times. So, even one of the professional mathematicians has ever been able to predict the right March Madness bracket but still, there is a chance to get the best result from the prediction and in this way, it will be a very close outcome that can satisfy the participants. This article will let you know about the March Madness Bracket which is known as one of the biggest betting events of basketball history.
Why Do People Wait Eagerly to Participate in the March Madness Bracket?
Needless to mention, there are millions of basketball enthusiasts eagerly waiting to participate in the March Madness Bracket. This event is high in popularity around the world. This particular term is being coined by Illinois high school officer Henry Porter. However, this was particularly popular in the year 1982 basketball tournament when the broadcaster used this officially on the official channels.
How March Madness Bracket Is Being Played Out?
In the event of the March Madness Bracket, there are almost 68 basketball teams that get the chance to compete against each other along with the single-elimination tournament in seven rounds and with 63 matches. NCAA Madness Bracket allows anyone who can try to predict the match results. If the people who have predicted all these matches and their results rightly, they will win big money.
The Chance of Winning the March Madness Bracket
March Madness Bracket is getting organized every year and this ritual is from 1939. At present, there is not a single person even able to predict the outcome rightly and however, some participants have managed to predict the correct result for a few matches but still, they are far from the reality.
People Participate in this Event as a Lottery
People who are mainly participating in different types of lottery programs have already tried their luck to win the right bracket, however; they fail to predict the right outcome. This is not about winning the Lotto jackpot. According to estimation, people get a chance of 1 in 33 million to win the lottery. Though it looks very small probability in the case of the March Madness bracket, this chance also gets thinner. According to experts, the odds of any person being hit by an asteroid from space are 1 in 1.6 million but it is more than 75,000 likelier than winning the perfect bracket.
According to the rule of that event, people who want to win the entire prize money, have to predict 32 matches’ results in the first round, 16 matches in the 2nd round, and the last 8 matches in the third round. After that, they have to also predict the right 4 matches in the Elite Eight round, 2 matches in the final four and last the championship match. So, according to a calculation, the probability of the right predicting of all these matches is 1 in 9 quintillions. Due to this thinnest probability, there are millions of people every year eagerly waiting to participate in this event.
Has Anyone of the Participants Succeeded?
Though, none of the participants have yet to predict a hundred percent correctly most of the participants have come close. Few people also predict the right half of the entire match. In the year 2019, Gregg Nigl had successfully predicted 49 out of 64 matches. This result was very close but he lost to correctly predict Sweet Sixteen rounds which are known as the 3rd round of the tournament. It is quite hard to predict and still, it is yet to witness the winner.
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