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A Decade of NBA Profit: How Did the League Fare in 2020?

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A Decade of NBA Profit

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The Briefing

  • Because of the global pandemic, NBA teams missed out on approximately 20% of their regular-season home games in 2019-20
  • Despite this, average team profits in 2020 fell by less than 12% compared to the year prior, and team values are up 4% in 2021
  • The New York Knicks are once again the most valuable team, for the sixth year in a row

A Decade of NBA Profit: How Did The League Fare in 2020?

The NBA has gained undeniable traction over the last decade, at least from a financial standpoint.

In 2011, 22 of the 30 teams were losing money, and the average operating income per team sat at $6 million. But, fast forward to 2020, and every team in the league was profitable, with average operating income surging to $62 million.

Here’s a look at team profitability since 2011, according to Forbes:

YearAverage Operating IncomeYOY Change
2011$6M--
2012$12M100%
2013$24M100%
2014$23M-4.2%
2015$30M30.4%
2016$31M3.3%
2017$52M67.7%
2018$61M17.3%
2019$70M14.8%
2020$62M-11.4%

Despite years of momentum, the NBA was not immune to the impacts of COVID-19 last year. However, thanks to hefty TV contracts and player salary cuts, average operating income only fell by 11.4%, from $70 million to $62 million.

The Most Valuable NBA Teams

Despite a decrease in NBA profit per team last year, team values are up 4%—from $2.1 billion in 2020 to $2.2 billion this year.

Here’s a look at the top five most valuable teams in 2021:

RankTeam2021 Valuation1-Year Change
1New York Knicks$5.0B9%
2Golden State Warriors$4.7B9%
3Los Angeles Lakers$4.6B6%
4Chicago Bulls$3.3B3%
5Boston Celtics$3.2B3%

The Knicks took the top spot for the sixth consecutive year, but the Lakers lost their long-standing second place ranking to the Warriors. It’s the first time another team has made the top two since 1999.

» Interested in sports investing? Then you might enjoy this article Investing in the Beautiful Game of Football

Where does this data come from?

Source: Forbes
Details: Team values are measured using 4 metrics—overall sport revenue, market size, area revenue, and brand.

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Datastream

Olympics 2021: Comparing Every Sports Ball

Here are the different sizes and weights of each Olympic sports ball used in the Tokyo Olympics.

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Olympics 2021 Comparing Every Sports Ball Preview

The Briefing

  • Table tennis has the smallest sports ball used in the Tokyo Olympics at just 4cm in diameter and 2.7g in weight.
  • The biggest by size is the basketball at 24.35cm in diameter, but the shot is more than 10 times heavier at 7.26kg.

Olympics 2021: Comparing Every Sports Ball

It might be strange having the Olympics in 2021 (an odd year), but 2020 was anything but normal.

After facing a 12-month delay due to the COVID-19 pandemic, the 2020 Summer Olympics in Tokyo are set to kick off from July 23 to August 8.

In addition to hosting traditional sports like running and aquatics, some sports are being introduced for the first time (karate, skateboarding) or returning after an absence (baseball).

One thing that many Olympic sports share in common? There are 17 different sports that use balls or spheres of some sort, ranging in size and weight. Here are the different balls used in the Tokyo Olympics.

Olympic Sports Balls by Size and Weight

The 2021 Olympics, which are still officially called the 2020 Olympics to keep the four-year cycle and branding consistent, are hosting 339 events across 33 different sports.

17 of those sports use balls or spheres. The official sizes and weights vary from a small diameter of 4cm for table tennis to the largest ball, a basketball with a diameter of 24.35cm.

SportDiameterWeight
Table Tennis4.00cm2.7g
Golf4.27cm45.93g
Tennis6.70cm57.7g
Field Hockey7.48cm163g
Baseball7.50cm149g
Softball9.55cm177g
Shot Put12.00cm7,260g
Handball (Women’s)17.51cm350g
Handball (Men’s)18.78cm450g
Rhythmic Gymnastics19.00cm400g
Volleyball21.01cm270g
Water Polo (Women’s)21.01cm425g
Beach Volleyball21.33cm270g
Soccer21.96cm432.5g
Water Polo (Men’s)22.28cm425g
Basketball (Women’s)23.24cm538g
Basketball (Men’s)24.35cm608g

Even within the same categories of sports, balls have different size and weight rules based on event or gender. Water polo, handball, and basketball all have slight variations of a few centimeters in diameter and up to 100g in weight for different gender events.

But sorting the balls by weight shows that the shot is far and away the heaviest. At 7.26kg, the shot is more than 10 times heavier than a basketball. That’s because while most sporting balls are made of light material filled with air, shots are typically constructed entirely of metal.

Where does this data come from?

Source: Wired, Official Sport Rulebooks.

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Datastream

Top 50 Companies Proportion of World GDP

The world’s top 50 companies are becoming more valuable, especially compared to global GDP.

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The Briefing

  • The combined market cap of the world’s top 50 companies was proportional to 27.6% of global GDP in 2020, up from just 4.7% of global GDP in 1990
  • Tech’s role continues to grow, now accounting for 21 of the top 50 companies

Top 50 Companies Proportion of World GDP

The world’s top 50 companies have become increasingly more valuable, and more powerful, over time.

As global GDP has grown over the last four decades, from $23.6 trillion in 1990 to $84.5 trillion in 2020, the proportional share of the world’s top companies by market capitalization has grown over five-fold.

YearGlobal GDPTop 50 Companies Market Cap as a % of GDP
1990$23.6T4.7%
2000$34.0T22.1%
2010$66.2T12.7%
2020$84.5T27.6%

Though the world’s top 50 companies change year-to-year, there’s also a lot of overlap.

Which Companies Dominated Each Decade?

2020’s largest company by market cap, Apple at $2.26 trillion, was the third largest company in 2010. Likewise, 2010’s largest company was Exxon Mobil, which was the second largest company in both 1990 and 2000 (but has since fallen off).

The top 50 companies in the world also highlight the increasing role of tech in the modern market. 1990’s largest company IBM was just one of three tech companies that made the ranking that year. Even in 2000, when the world’s largest company was GE, tech companies like Cisco and Microsoft only made up three of the top 10 companies by market cap.

Fast forward to 2020, and tech accounted for 42% of the top 50 companies in the world. It also plays a more prominent role on the high end of the spectrum, as six of 2020’s seven largest companies were tech-based, with only oil giant Saudi Aramco the odd one out.

Though digitization is a primary driver of current economic growth, will these trends remain steady in 10 or more years from now? Or will companies from other booming industries such as green energy take over the leaderboard?

>>Like this? You might find this article interesting, 23 Years of Shifting Tech Market Caps

Where does this data come from?

Source: Bloomberg, IMF.

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