TNT is on the verge of losing the NBA after the 24-25 season with Tom Friend of the Sports Business Journal reporting on how Warner Bros. Discovery CEO David Zaslav mishandled negotiations with the league.
While ESPN was firm on wanting to retain the "A" package and not letting it go to the open market by doubling its old rights fees from $1.4 billion per season to $2.8 billion, Zaslav believed he would only have to pay between $1.8 billion and $2.1 billion to retain the "B" package and refused to double it to $2.4 billion.
WBD entered negotiations believing they could ultimately match any offer the NBA received for the package, but the league's contention is they cannot necessarily match it on a dollar-for-dollar basis.
The NBA subsequently agreed to a $2.6 billion deal with NBC that virtually make it impossible for TNT to equal.
WBD is believed to be preparing to sue the NBA over the issue.