Did you watch the NBA Finals game 7 last night? Don’t worry…you didn’t miss a single thing except maybe one of the most epic games in NBA Finals history.
As you can tell, the Miami Heat won. Again. (shocker I know) Oh yeah, apparently LeBron doesn’t have a single worry in the world anymore.
While Game 6 had a 14.7 TV rating, Game 7 topped that as you could easily guess. In fact, last night was the second-highest preliminary television rating (17.7) for the NBA Finals on ABC since the network took over the series in 2003.
I tweeted early this morning that the real winners from last night were those that didn’t play on the court . I’m a marketing nerd, and I’ve grown to accept it. I love looking at how #InstagramVideo became a trending topic yesterday and how Time Warner’s potential partnership with Liberty Media calls for consolidation in the media industry.
I also like sports…just a little.
Immediately after the game ended last night I went to sleep. The game was definitely one for the record books, LeBron captured his 2nd straight title and Finals MVP to go with his 4 MVP awards and we get to talk another 365 days about how “awful” King James is as a player, competitor and person. These are all great topics that I’m sure will attract a lot of attention.
But LeBron can rest now. His endorsement partners, however, are hard at work today creating new national and global ad campaigns to make more what? MONEY.
In this world we call the sports business industry it’s very interesting to see the passion on numerous sides of the equation:
Passionate Fans + Passionate Players + Passionate Marketers = More Money
What used to excite me (the game) is now just that…a game. A game that happens and will continue to happen until the end of time. The business aspect, though, is driving all this engagement and allowing us fans to enjoy sports the way we do today. Just think back to the excitement in 2009 surrounding the NBA Playoffs when its two biggest stars, Kobe and LeBron, were putting up big numbers on the court and starring as puppets off it.
So what happened last night from a sports marketing perspective? Something incredible if you ask me. Three of the top brands in the business brought the real Heat.
As I write this, the above Nike commercial about LeBron has close to 87,000 YouTube views in less than 12 hours of it going viral. Talk about creating contagious content.
As we all look to what looks like an even better 2013-2014 NBA season (can you imagine such a thing?) with the return of Derrick Rose and Kobe Bryant along with Kevin Durant’s continued resurgence, Miami will have a hard time 3-peating. Gatorade and Nike will of course still look for record revenues as LeBron James, D-Wade and Ray Allen return for the Heat next year. But Nike will be competing with a few familiar friends:
- Adidas – paying Derrick Rose approx. $10M / year in endorsements
- Coca-Cola – have Kobe Bryant (Sprite) and D-Rose (Powerade) as clients, both with deals close to or above $1M / year
Fans are excited to see if LeBron can repeat his MVP success en route to another NBA title. As I wrote in a previous post, sports marketers are also looking for the MVP: the Most Valuable Profit.
Follow the money. It seems to always have a way of telling us the full story.