One thing that can be said about the relationship between media and sports is that they really work well together, even at the toughest times. Media feeds both sports and sport businesses. As the world has changed and technology has advanced and evolved, people seem to want more detailed information about a lot of the same things.
For example, when we follow a particular team or club, everybody wants to know all of the general information, but they want to know more than that as well. Obviously, they want to know the scores and how the players are doing, but they also want to know the inside information of what’s happening in the locker room, in the training room, and how the players are feeling. There is so much demand out there for all of this information. Given the state of the media landscape, especially online, it’s clear that content is king and distribution is maybe even more important.
One thing we’re able to do now is to look at how people are able to locate the specific info that they want about a particular player, team, or game, and also figure out what it means to them, when and how they want to receive it, etc.
Media provides a level of stability to the sports ecosystem. The contracts that the media has with the leagues, teams, and even conferences in collegiate athletics provide a level of stability when it comes to revenue streams that those entities can count on year to year. And for the most part, large American sport franchises and leagues rely on the media contract as a prediction of what they can spend on salaries.
Most of the North American leagues have salary caps that are loosely tied to the growth in media contracts. Therefore, as the media contracts increase, it ups the amount that the teams can spend on their players. It’s typical for both the media contracts and collective bargaining agreements that govern players to have coterminous maturity. This means that the contracts will mature around the same time. They do this because the media outlets want to know that the teams will be playing, and the teams and/or players want to know that the media revenues will be available to pay them.
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