The future of the NBA’s relationship with Main Street Sports Group is uncertain after the company failed to make its January payments to several teams, sources tell Tom Friend of Sports Business Journal.
Main Street, which is in the process of being sold to DAZN, also missed a payment to Major League Baseball’s St. Louis Cardinals last month. According to Friend, that prompted the NBA league office to contact all 13 teams doing business with the company to warn them that their January payments may not arrive as expected. Friend reports that at least several of those teams didn’t receive scheduled rights fee payments this week.
The missed deadline won’t have an immediate effect, as telecasts will continue on Main Street’s FanDuel Sports Networks. Sources tell Friend that default notices have already been sent to Main Street, which will have a 15-day cure period once they are received.
“Main Street Sports Group is in dialogue with its team and league partners around the timing of rights payments as we progress discussions with strategic partners to further enhance our long-term capital position,” a company spokesperson said in a statement to Sports Business Journal.
According to Friend’s sources, the 13 teams have safeguards in their contracts with Main Street that will make them the primary payees from the company’s creditors if it were to go out of business.
Friend hears that Main Street lost about $200MM in 2025 and owes the teams a combined $180MM for this season. The potential sale depends on several conditions, he adds, such as DAZN wanting the teams’ digital rights, hoping to negotiate extensions through at least the 2028/29 season and trying to get teams to accept lower fees for their broadcast rights.
If the sale can’t be completed in January, sources tell Friend that Main Street officials plan to shut down the business after the NBA and NHL seasons conclude, but they hope to continue game broadcasts until then. However, team sources aren’t convinced that Main Street has the financial means to keep producing the games, so the 13 NBA teams will need to develop emergency backup plans.
“The league has the capacity to put them on, to stream them, and all the teams are certainly equipped to go over-the-air to do it,” one team source tells Friend. “But now the revenue gets crushed. Hopefully a lot of people have already gotten paid at least 30 to 50% of this year’s revenue. But you’ll never get the rest of that money back, you’ll never recoup the money.’’
Friend notes that if Main Street dissolves, digital rights would revert back to the teams, which would make a national streaming Regional Sports Network much easier to accomplish. If DAZN completes the deal, not much will change except for the brand name. However, the company will have to address the issue of extensions, as contracts with the Grizzlies, Hornets and Magic expire after the current season, and deals with the Thunder, Clippers, Timberwolves, Pacers, Hawks, Heat, Cavaliers and Bucks only run through 2026/27.
According to Friend, here are the 13 teams under contract with Main Street and their rights fees payments for 2025/26:
- Atlanta Hawks: $32M
- Charlotte Hornets: $16.57M
- Cleveland Cavaliers: $34M
- Detroit Pistons: $25.78M
- Indiana Pacers: $17.47M
- Los Angeles Clippers: $34.59M
- Memphis Grizzlies: $11.41M
- Miami Heat: $55M
- Milwaukee Bucks: $24M
- Minnesota Timberwolves: $24.88M
- Oklahoma City Thunder: $16.67M
- Orlando Magic: $26.19M
- San Antonio Spurs: $19.92M
Do they not have autopay? or the check bounced?
Make fan duel pay. They’ve done more than $180m in damage to the NBA experience anyway
what are the odds that FDSN goes under?
also let me watch my teams games on the nba app, it’s ridiculous that league pass is nearly the same price and watching my teams games
I thought they may have gone under last night during the Cavs/Pacers telecast! Viewers missed the last 4 or 5 minutes of the game due to “technical difficulties.” I followed on the ESPN app to “see” the action.
One can only hope that Fan Duel goes out of business. Having a gambling company airing games is dumb.
it’s a sponsorship thing, fan duel doesn’t own the network.
Regardless, their name is tied to the network – front & center, every game, every break. They even have ‘in game odds.’ Not a good look.
The US economy is under immense pressure… the bubble is due to pop…
They’re going to trash a bunch of MLB teams as well, for those of us who give a sh*t