How much does a BIG3 team cost?

What is BIG3?

BIG3 is a professional 3-on-3 basketball league founded in 2017 by rapper and actor Ice Cube and entertainment executive Jeff Kwatinetz. It features 8 teams of former NBA players competing in a half-court game. It is the first professional 3-on-3 basketball league in North America.

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What is the Cost of a BIG3 Team?

The cost of a BIG3 team depends on several factors, including the size of the roster, the number of games played, and the league’s overall salary cap. The cost to own and operate a team in the BIG3 typically ranges from $500,000 to $1 million USD.

Roster Size

A BIG3 team consists of a maximum of 10 players, including the head coach. Teams may have as few as six players if they choose, but it is recommended that teams have at least eight players in order to be competitive.

Number of Games

A BIG3 team plays a total of 12 regular-season games, plus playoffs. Each team plays four regular-season games per week over a three-month period. Teams can also play exhibition games outside of the regular season.

Salary Cap

The salary cap for a BIG3 team is $2.5 million USD. This includes salaries for all players, coaches, and front office staff. The league also has a minimum salary of $50,000 USD for each player.

What Are the Expenses of a BIG3 Team?

The cost of a BIG3 team depends on several factors, including the size of the roster, the number of games played, and the league’s overall salary cap. The cost to own and operate a team in the BIG3 typically ranges from $500,000 to $1 million USD. The following are the expenses associated with a BIG3 team:

  • Player Salaries: BIG3 teams must adhere to the league’s salary cap, but each team can offer individual contracts to players. The average player salary is around $150,000 USD annually.
  • Coaching Salaries: A BIG3 team typically has a head coach and an assistant coach. Head coaches typically make between $100,000 and $250,000 USD per season, while assistant coaches make between $50,000 and $100,000 USD per season.
  • Front Office Salaries: Front office staff such as general managers, scouts, and other staff typically make around $50,000 to $150,000 USD, depending on their experience and responsibilities.
  • Travel Costs: BIG3 teams are required to travel to each of the league’s cities for games and practice. Travel expenses typically include airfare, hotels, food, and other incidentals.
  • Equipment and Uniforms: Teams are required to provide their own uniforms and equipment such as basketballs, backboards, and other miscellaneous items.
  • Marketing and Promotion: Teams are responsible for their own marketing and promotion in order to generate fan interest and ticket sales.
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What Are the Benefits of Owning a BIG3 Team?

Owning a BIG3 team provides several benefits, including:

  • Exposure: BIG3 teams get exposure on national television, in newspapers and magazines, and on the Internet.
  • Revenue: BIG3 teams generate revenue through ticket sales, merchandise sales, and sponsorships.
  • Networking: BIG3 teams provide an opportunity to network with other teams, players, coaches, and executives.
  • Community Involvement: BIG3 teams are active in their local communities, providing donations and other support to help local causes.

What Are Some Tips for Selecting a BIG3 Team?

When selecting a BIG3 team, it is important to consider the following tips:

  • Choose a Market: Select a market that will support a BIG3 team, such as a large city or metropolitan area.
  • Select a Head Coach: Select a head coach who has a strong knowledge of 3-on-3 basketball and the BIG3 league.
  • Choose Your Players: Select players who are talented, experienced, and committed to the team.
  • Develop a Business Plan: Develop a business plan to ensure the team is successful and sustainable.
  • Secure Financing: Secure financing to cover the costs of the team.

Conclusion

Owning a BIG3 team is an exciting opportunity, but it is also a significant financial commitment. The cost to own and operate a team in the BIG3 typically ranges from $500,000 to $1 million USD. It is important to consider the expenses associated with a team, as well as the benefits, before making a decision.

FAQs

How many players are on a BIG3 team?

A BIG3 team consists of a maximum of 10 players, including the head coach.

What is the salary cap for a BIG3 team?

The salary cap for a BIG3 team is $2.5 million USD.

What are the benefits of owning a BIG3 team?

The benefits of owning a BIG3 team include exposure, revenue, networking, and community involvement.

What are some tips for selecting a BIG3 team?

When selecting a BIG3 team, it is important to choose a market, select a head coach, choose your players, develop a business plan, and secure financing.