The NBA is formalizing media rights contracts with ESPN, NBC and Amazon this week with sources telling the Sports Business Journal that it is the final stage of negotiations. Deals with the three providers are expected to return over $7 billion per year for the NBA.

ESPN will pay $2.8 billion annually, which is up from an initially reported $2.6 billion for the NBA's "A" package. That package includes the NBA Finals, a conference final, weekly primetime games, the WNBA and likely shared international rights.

NBC's "B" package is believed to be worth $2.6 billion annually would probably include a "Basketball Night in America" on Sunday nights following the NFL season, a total of two primetime windows a week, conference semifinals and a conference final. 

Amazon's deal is believed to be worth between $1.8B and $2B and would likely include the Emirates In-Season Tournament, the SoFi Play-In Tournament, first-round playoff games, the WNBA and international rights.

The final changes to the deals have been fluid and changing, but expected to be finalized in the coming days or week. Once the written bids are ratified, the NBA will take NBC's contract to Warner Bros. Discovery to see if they can match it in "total value."

WBD may enact legal action over the rights. It's believed that the TNT parent company could contest its right to match the NBC deal. The NBA and WBD apparently have different definitions of what matching a deal would consist of.

TNT is on the verge of losing the NBA after the 24-25 season with Tom Friend of the Sports Business Journal reporting on how Warner Bros. Discovery CEO David Zaslav mishandled negotiations with the league.

While ESPN was firm on wanting to retain the "A" package and not letting it go to the open market by doubling its old rights fees from $1.4 billion per season to $2.8 billion, Zaslav believed he would only have to pay between $1.8 billion and $2.1 billion to retain the "B" package and refused to double it to $2.4 billion.

WBD entered negotiations believing they could ultimately match any offer the NBA received for the package, but the league's contention is they cannot necessarily match it on a dollar-for-dollar basis. 

The NBA subsequently agreed to a $2.6 billion deal with NBC that virtually make it impossible for TNT to equal.

WBD is believed to be preparing to sue the NBA over the issue. 

The All-NBA teams or the 23-24 season have been announced, headlined by Nikola Jokic, Shai Gilgeous-Alexander and Luka Doncic.

Anthony Edwards and Tyrese Haliburton were also notable selections as they will each get 30 percent of the salary cap on their rookie scale extensions, which equals an extra $41 million over their five-year deals.

All-NBA First Team
Nikola Jokic
Shai Gilgeous-Alexander
Luka Doncic
Giannis Antetokounmpo
Jayson Tatum

All-NBA Second Team
Jalen Brunson
Anthony Davis
Kevin Durant
Anthony Edwards
Kawhi Leonard

All-NBA Third Team
Devin Booker
Stephen Curry
Tyrese Haliburton
LeBron James
Domantas Sabonis

Luka Doncic is eligible to sign a $346 super max extension in 2025 after making the 2024 All-NBA First Team.

It would be the largest contract in NBA history, with Doncic eligible to make $78 million in the 2030-31 season.

The NBA salary cap is also likely to eclipse $200 million in the 2028-29 season. 

With the NBA set to begin new media rights deals at more than $7 billion per season in 25-26, the salary cap will increase significantly over the coming seasons.

However, the NBA and NBPA agreed to only increase the salary cap by 10 percent per season.

With a 10 percent increase per season, the salary cap will top $200 million beginning in the 28-29 season. The supermax that season at 35 percent of the cap will have a starting salary of $72 million and be worth $419 million over five seasons. The fifth-year salary on that supermax contract will be worth $95 million as the NBA approaches the point where some players earn nine figures per season by the 33-34 season.

The New York Knicks announced that Jalen Brunson and Bojan Bogdanovic have both undergone successful surgeries for their respective injuries.

Brunson had surgery on a fractured left hand. He'll be re-evaluated in six-to-eight weeks. This injury and subsequent surgery will likely keep Brunson from being a potential injury replacement for Team USA at the Summer Olympics.

Bogdanovic underwent surgery for ligament damage in his left wrist. Bogdanovic is also recovering from surgery on his left foot. He'll be re-evaluated in six-to-eight weeks after the wrist surgery. Bogdanovic is likely to miss the Olympic Qualifying Tournament in early-July for the Croatian National Team.

Tyronn Lue is set to enter the final season of his current contract with the Los Angeles Clippers in 24-25 if an extension isn't reached this offseason. Both the Los Angeles Lakers and Phoenix Suns had interest in Lue, but it was made clear that the Clippers wouldn't entertain letting him out of his contract.

The Clippers would like to extend Lue, but those conversations reportedly haven't progressed.

"They want to extend him," said Shams Charania. "To my knowledge, right there hasn't been any progress in those conversations."

Over the past year, the NBA has seen a large increase in contract values for head coaches from Monty Williams and Gregg Popvoich to Erik Spoelstra and Steve Kerr with top coaches making more than $10 million per season.

The Phoenix Suns announced that their new G League affiliate will be called the Valley Suns. The team will begin play with the 2024-25 G League season.

Phoenix sold their G League affiliate to the Detroit Pistons ahead of the 2021-22 season. Suns CEO Josh Bartelstein was part of making that acquisition happen for the Pistons. Now, he's on the other side of bringing a G League affiliate back to the Suns organization.

“Ironically enough, I was the one on the other side buying the team from the Suns and getting it to Detroit, and now three years later, I’m here,” Bartelstein laughed. “It’s really, really important. I mean, the G-League is a staple of many NBA franchises.”

The Suns had been the only team without a G League affiliate. The Portland Trail Blazers launched the Rip City Remix last season, leaving Phoenix the lone unaffiliated NBA franchise.

The G League now has 31 teams. The Mexico City Capitanes are the only unaffiliated G League team, as G League Ignite has ceased operations.

Game 7 between the Minnesota Timberwolves and Denver Nuggets averaged a 4.1 rating with 8.41 million viewers across TNT and truTV.

The numbers represent the largest audience ever for an early round playoff game in TNT history.

It is also the most-watched game of the NBA season.

The game peaked with 11.3 million viewers, making it the fourth most-watched early round playoff game since 2012.

Game 7 between the Knicks and Pacers earlier in the day averaged a 3.4 rating with 6.45 million viewers on ABC, down 11% from last year.