By Jerry Wein
The New York Knicks are reportedly looking for a jersey ad deal worth around $30 million annually — a significant jump from its previous patch agreement with Squarespace, which ran from 2017 through last season. That deal also paid $15 million to $16 million annually, half of which was going to the New York Rangers and other MSG-owned teams and assets.
The Knicks could also be holding out for a deal similar to their neighbors, the Brooklyn Nets, who signed a deal with Webull in 2021 reportedly worth $30 million annually.
The Knicks, Portland Trail Blazers, Memphis Grizzlies, and Washington Wizards are currently the only NBA teams without a jersey patch deal, but nine other teams’ jersey patch deals come due at the end of the season.
“We know there’s a lot (of patch inventory) out there, but we feel this asset for us is global, considering the visibility of our players and the social media reach that we have,” said Amy Brooks, NBA president of team marketing and business operations, adding that jersey patch revenues are currently more than double the original projections.