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Guide

A Guide to Sponsorship for the 2023-24 NBA Season

Your guide to navigating sponsoring current NBA players, retired NBA players, and College Basketball Players during the 2023-2024 season.

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Navigating the Guide

Use the links on the right to navigate directly to a topic in the 2023-2024 NBA Sponsorship guide you'd like to learn more about.

Types of Sponsorship Deals

Below are the most common types of deals between brands and NBA players, college basketball players, and retired NBA legends. Click on a title to expand on the topic.

Social Media Posts

NBA players can do brand deals on purely social media in the form of a post. The player promotes the brand's products or services on their social media channels, such as Instagram, Twitter, or TikTok, creating content that aligns with the brand's message and target audience. These brand deals help the brand reach a broader and more engaged fanbase through the player.

UGC Development

Another sponsorship method is developing user-generated content. In these partnerships, the brand showcases the NBA player’s content related to their products or services - without having the player post it on their own social feed. The content may include videos and photos. These collaborations enable brands to tap into the NBA player's authenticity and credibility, fostering a positive association with their products and strengthening their marketing efforts.

Event Appearances

Event appearances with NBA players involve partnering with brands and having players attend various events on behalf of the brand - in 2023 this can be in-person or virtual attendance. These events can range from product launches and promotional campaigns to charity functions and public appearances. The athletes act as ambassadors for the brand, lending their star power and popularity to generate interest and excitement around the event. Their presence helps create a positive association between the brand and the player's image, enhancing the brand's reputation and visibility. Additionally, such collaborations allow brands to tap into the vast fanbase and reach of NBA athletes, effectively connecting with their target audience.

Long-term Partnerships

Long-term partnerships between brands and athletes involve extended contractual agreements where the athlete becomes an ambassador or spokesperson for the brand over a prolonged period. These collaborations typically span several years and encompass multiple marketing campaigns. For instance, NBA superstar LeBron James extended his equity with the Fenway Group through a lifetime deal, solidifying his role as a brand ambassador and strengthening the brand's association with his image and unparalleled success in basketball.

LeBron James extends Fenway Group equity with lifetime deal.

Lebron james Opensponsorship NBA guide

 

Game Day Activations

Game day activations are brief yet impactful moments that NBA players have agreed to with a brand. There are numerous opportunities for brands to make their mark with a player during the pre-game and post-game moments. One classic example is the quote after a significant championship win - “I’m going to Disneyland”. This is a premeditated brand deal. A more recent trend sees brands having players wear specific apparel items during their walk into the arena. The only limit here is your creativity (and some of the restrictions put in place by the NBA and NCAA).

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Co-Founder Agreement

As Athletes increase their influence and reach, many have begun dabbling in the world of startups. Companies can approach players to join their company and make payment in cash or equity. Many players such as Baron Davis are becoming well-seasoned entrepreneurs and leveraging their reach to help the startup succeed.

 

Hot Tip!

Did you know that in the 2023 off-season, the league voted to allow active NBA players to invest in, endorse, and use CBD and cannabis-related products?

Keep in mind, that players need written consent from the league to act on this change.

Social Stats

Basketball players, whether they're currently active in the NBA, in college, or retired from the league, have distinct preferences when it comes to social media platforms. While Instagram and TikTok are the go-to platforms for these athletes, college basketball players often have a stronger presence on TikTok. In contrast, retired NBA legends tend to gravitate more toward Facebook and Instagram.

When collaborating with a basketball player for your marketing campaign, it's crucial to leverage their strengths. The most effective strategy is to ensure they share content on their most popular social media platform.

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How Much Does It Cost to Sponsor?

When considering pricing for NBA players, college basketball stars, or retired NBA legends, it's essential to understand that the figures often quoted are average costs for social media endorsements. As brands demand more comprehensive deliverables, like custom content, multiple social media posts, event appearances, or exclusivity clauses, the sponsorship and endorsement fees naturally rise. Moreover, the athlete's popularity, influence, and public reputation in the basketball community can significantly influence the cost. Notably, high-profile NBA players and legends typically command heftier fees for their endorsement services.



What is the average starting cost to work with an active NBA Player?

$14,000

Active NBA Players
What is the average starting cost to work with a retired NBA Player?

$10,000

Retired NBA Players
What is the average starting cost to work with an active College Player?

$950

Active College Players

NBA Sponsorship Restrictions

College, professional, and even retired NBA basketball players have stipulations against sponsorships with certain types of products to protect the integrity and reputation of the sport and its athletes. Restrictions would apply to the following:

  • Alcohol Products - ALLOWED Active NBA & Retired NBA
  • CBD Products - ALLOWED Active NBA & Retired NBA
  • Betting/Gambling Products - ALLOWED Retired NBA

One thing to watch out for is player exclusivity agreements. Meaning, that a player may not be allowed to wear other brands of clothing or shoes in relation to their sport.

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Find the Right Player for Your Brand

Entering a sponsorship, many times brands aim for the most popular players - LeBron James, Stephen Curry, etc. However, this approach might not always yield the best results in the player selection process. To find the ideal fit for your brand, you'll want to consider the following:

How many social media followers does the player have? On what platforms do they have influence - make sure this aligns with your brand. 

#1 Review their Reach

Using OpenSponsorship, you can see data about a Player’s social media following. The split between Male and Female fans, where those fans live, and more. This data is extremely important to make sure that player has an audience that matches your target.

#2 Review their audience data

Review the player's interests, their hobbies, and other activities they participate in outside of basketball. If you are a vegan health food company, you can look through players’ interests to find vegetarian or vegan players that will enjoy your products.

#3 Review their interests & personal brand

Player Availablity during the Season

NBA and College basketball seasons are longer and more frequent than other sports, with teams playing multiple games a week. However, in between these games, teams engage in rigorous training and practice sessions. Given the packed schedule, you might wonder: When is there even time to work on these sponsorship deals?

When considering a player’s availability during the season, a brand must strategize the right deal. If the brand wishes for a player to make an in-person appearance, ample notice is crucial. Brands should be mindful of the team’s travel schedule. For instance, if a brand based in New York wants a player from California to make an appearance, it's optimal to coordinate the appearance when the team has an away game scheduled in New York. Hence, we recommend organizing in-person appearances before the season kicks off.

Social media and UGC deals are more feasible during the season, as players can allocate time to produce content at their convenience without the stress of making an appearance in the midst of the season.

Hot Tip!

March Madness is the one time of the year where College Basketball will nearly match the viewership of the NBA. This a great time for brands with a lower budget to massive exposure by working with players in the tournament. 

Team & Stadium Sponsorship

Want to be the official drink, clothing brand, or anything else of an entire NBA team? It's possible! On OpenSponsorship, teams have profiles much like athletes where you can view their social media accounts, audience metrics, and more. You can send direct proposals to NBA teams on the platform, and their sales team will respond back to you on the platform with their offerings and prices.

Pro tip! With a Full-Service level account on OpenSponsorship means that you have a dedicated account manager that will handle all conversations and negotiations with the team's representatives. 

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Terms & Conditions

All terms and conditions are set on the OpenSponsorship platform when hiring a player. The Terms and Conditions set on an OpenSponsorship deal are legally binding and payments are held in escrow until both parties are satisfied with the work together.

  • How much will they be paid?
  • What are they required to do?
  • How long can my brand use the content?
  • How long will our partnership last?

    Terms and conditions are INCREDIBLY important for endorsements with prominent players in the NBA - it is essential to set clear expectations and use the OpenSponsorship T&Cs system to make setting these terms straightforward. Overlooking a specific Term or Condition could jeopardize campaign deliverables or deadlines.

Campaign Inspiration

Check out the latest case studies for OpenSponsorship!

Walmart OpenSponsorship Case Study

Walmart

Walmart partners with NFL player for spring fashion

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Sperry

Sperry promotes inclusivity for it's brand & products

OpenSponsorship Tony parker NBA guide

Leaf Trading Cards

Leaf partners with Tony Parker for card signings

OpenSponsorship + The NBA

OpenSponsorship has a strong relationship with the NBA, its players, their agents, and the player association. With these connections, we have our finger on the pulse of the league from the sponsorship angle and have the reach to help brands work with any player.

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Work with Basketball Stars on OpenSponsorship

Looking to sponsor active NBA, retired NBA, or active College players - start for free on OpenSponsorship.