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Shaq Said It, Fans Proved It: The NBA’s New Reality

Feb 27, 2025 | Edition #03

Hey, there!

The NBA All-Star game was a thriller letdown. The viewership numbers were dismal. But the truth is, it's part of a bigger trend. The NBA's TV ratings have been on a rollercoaster ride for the past couple of years, and it's clear that fans are losing interest. Meanwhile, NCAA games are gaining traction - and it's not just fans who are taking notice. Brands are starting to move in, with JBL being a prime example.

So, in today’s edition, we will talk about why NBA’s viewership has taken a nosedive and what it signals for its future partners. That’s not all; we also recently caught up with Chris Epple, Harman’s vice president of marketing. So, if your brand is looking to leverage the NCAA space, you’re in for some actionable insights today.

Today’s TLDR:

📺 What NBA’s viewership slump means for its future sponsors

💡 How JBL is crafting winning campaigns with teenagers 

📖 The stories shaping the industry (and the lessons we learned from the week)

Let’s dive in. 🚀

The NBA is in a TV ratings slump, and even legends are concerned about the future. Shaquille O’Neal put it bluntly: “This new era of humans f–ked it up…” Further voicing his anger on ‘The Big Podcast,’ he said, “Golden State came in and changed it and you made a great point, it’s a copycat league. Everybody wants to be Steph Curry, but everybody’s not Steph Curry and that’s why viewership is down.”

Shaq had reasons to be angry. The league is averaging 1.76M viewers per game, with the 5% Y-O-Y decline continuing to be a troubling trend. Despite powerhouse matchups featuring LeBron James, Stephen Curry, and Kevin Durant, fans are tuning out – just look at this graph:

Notably, the 2025 NBA All-Star Game was the second-least-watched in history, with viewership dropping 13% from last year. Meanwhile, high-profile matches in other leagues are soaring:

📈 WNBA: The 2024 regular season averaged 1.2M viewers, +170% from 2023.

🔄 NCAA Men’s Basketball: The Alabama-Kentucky match drew an average of 2.17M viewers, the fourth basketball game this season, to cross the 1M mark.

🚀 NCAA Women’s Basketball: ESPN averaged 234K viewers, up 17% from 2022-23, per Front Office Sports.

So, if sponsors start questioning their NBA investments, they won’t be wrong. And the problem isn’t just declining numbers—it’s the fans shifting their attention elsewhere.

NBA Viewership is Slipping—And Fans Are Watching Something Else

​​The NBA’s decline is part of a larger industry trend. Cord-cutting and fragmented streaming rights make watching games expensive and inconvenient. Consider these figures:

📉 Primetime Viewership Is Dwindling

  • Only three cable networks (Fox News, ESPN, MSNBC) averaged 1M+ viewers in 2024, down from 19M in 2014.

  • TNT’s primetime average: 815K viewers (-13% Y-O-Y, as per Forbes).

  • Major cable networks (HGTV, History, FX, AMC, A&E, TLC, Discovery) saw a double-digit Y-O-Y decline in their primetime viewership.

But the NBA isn’t making it easier to watch. A pulse check among fans tells us the root causes of the problem.

 1. Excessive Load Management:

  • Joel Embiid admitted he avoids playing back-to-back games (although he retracted his words after the backlash).

  • ‘Load management,’ a term popularized by Spurs coach Gregg Popovich in the 2010s, has now become the norm, diluting regular-season competitiveness and frustrating fans.

 2. Fast-Paced, High-Scoring, Low-Tension Games:

  • In just two years, we’ve seen four 70+ point games from individual players. 

  • Average attempts at three-pointers have skyrocketed to 37 in 2024-25 from 22.4 a decade back, per Front Office Sports.

3. Franchise Identity Is in Perpetual Motion:

  • Teams constantly overhaul jerseys and branding, leaving no lasting identity.

  • Rosters are in constant flux, making it hard for fans to stay loyal—Luka Dončić’s sudden trade had Mavs fans protesting outside the American Airlines Center. A significant number of them canceled their TV packages once the news broke out. 

For its brand partners, it immediately translates into a bigger challenge: the rising cost of acquiring new customers, thanks to fewer eyeballs. Contrarily, as NBA viewership is declining, college sports are thriving.

In 2018, ESPN’s most-watched NCAA Women’s Basketball match, Notre Dame vs Mississippi State, garnered 3.6 million eyeballs. Cut to six years later, the Iowa-South Carolina showdown netted a whopping 18.9M viewers across ESPN and ABC. Is it a surprise that brands are considering NCAA games as the next big player in the arena?

The Rise of College Sports as a Marketing Goldmine:

In the last few years, TV ratings for women’s basketball have skyrocketed. There is little surprise that brands are investing heavily in college athletes. Angel Reese, as an LSU grad, walked with 26 endorsement deals, including heavyweights like Mercedes-Benz, Dick's Sporting Goods, and Beats by Dre.

Brands are capitalizing on the stars’ huge social media and TV exposure. Without any extra effort, March Madness has constantly outpaced the NBA finals. In 2023, SportsPro media reported that 18.1M fans tuned in for the championship game, compared to 16.1M for the 2022 NBA finals.

It’s clear proof: college matches are thriving, beating the overall industry trends in the pro arena. Brands have taken notice as well, with giants like Nike roping in more college athletes. In fact, they started partnering with up-and-coming stars even before they entered college.

Women’s NCAA basketball isn’t just thriving—it’s dominating, with more star power and momentum than the Men’s Game. Leading the charge is JuJu Watkins, well-complemented by Paige Bueckers, Hannah Hidalgo, and the like. Naturally, March Madness numbers keep climbing. And brands? They’ve caught on fast.

Flau’jae Johnson leads with $1.5 million in endorsements, followed by Paige Bueckers with over $1 million from brands like Nike and Gatorade. JuJu Watkins has also secured major deals. Make no mistake, college sports aren’t just entertainment anymore—they’re your next marketing frontier. If you want to stay relevant, you better be courtside for the next big thing before it even happens.

Brands Are Pivoting toward College Basketball

Nike added JuJu Watkins to its roster even before she became part of the Trojans team. That allowed the apparel giant to target the ever-growing fanbase of the 19-year-old star. In a similar vein, JBL joined the NIL bandwagon quite early and perhaps with more vigor than any other brand. 

  • Back in 2023, they inked a deal with LSU basketball star and rising hip-hop artist Flau'jae Johnson

  • Now, they have over 25 athletes on their roster, from gymnastics to softball. 

  • JBL has leveraged mostly Instagram and TikTok, noticing those are the preferred platforms for athletes and Gen Z.

How did that pivot come about? And why is JBL so laser-focused on college athletes? We caught up with Chris Epple, vice president of marketing for the Americas at Harman, for an in-person chat in New York for our second ES Think Tank Season 2 episode. Here is what we learned.

But before that, tell us…

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There was a time when JBL was tying up with teams – New York Knicks, Boston Celtics, Miami Heat, and more. Then, around 2021, they shifted away from that strategy to focus on athletes. To be more specific, college athletes. In 2023, JBL shook hands with LSU basketball star (and rapper) Flau’jae Johnson. It has paid rich dividends, as the metrics below show. But more importantly, it was a stepping stone for grander things to come. 

With time, they have expanded beyond basketball. Last year, the audio giant launched JBL Campus, an initiative that brought 25 of the best collegiate athletes from 45 American Universities. It included rising stars like Hunter Dickinson & Kevin McCullar Jr. from the University of Kansas, Emma Carpenter, Women’s Golf from the University of Minnesota, Jaiden Fields, Women’s Softball from the University of Georgia, and others. 

But what was the reason behind this transition from teams to athletes, from the professional arena to the field of college sports? Our host, Trey Holder, let Epple set the stage with this question. When quizzed about it, Chris Epple explained, “One of the things I always say is leagues give you scale, and they give you reach, teams give you local relevance, but it’s the players who tell stories.

  • JBL Campus has garnered over 28 million impressions and 36,800 engagements on nearly 100 posts across Instagram and TikTok, per Marketing Dive

  • The engagement rate of 14% beats the industry average comfortably – TikTok’s average engagement rate is 2.50%, and Instagram’s  0.70%. 

So, how did Epple’s team achieve that? The answer is deceptively simple: authenticity

This incident from last year stands as the epitome of that. Danny Stutsman of the Oklahoma Sooners wanted to donate $50K of his NIL money to the walk-ons. JBL accepted the proposal but also elevated it by offering every walk-on a package of JBL gear. The fact that the brand will walk the extra mile for walk-ons is actually not a surprise. 

They never looked at statsheets before picking a player. Epple emphasized, “Our first filter is always ‘Do they have interesting stories to tell?’” Authentic storytelling is how JBL found a way into Gen Z’s hearts: 

  • By bringing athletes from diverse backgrounds, JBL has inadvertently ticked another box that the young generation values quite highly: inclusivity

  • Indeed, JBL’s roster of athletes includes Alyssa Conyers (Track & Field), Kameron Nelson (Men’s Gymnastics), Lexy Denaburg (Volleyball), and others. 

  • Another interesting factor: JBL’s roster consists of 54% females.

Epple went on to add, “We have a term called ‘making voices heard.’ We really want to make sure we’re representing the voice of Gen Z. The people feel like with this brand, I have a platform to make a difference. That also speaks authenticity.

By roping in college athletes, JBL is getting a lifetime of value. Because when these college athletes are going home, when they are hanging out with friends, they are using a JBL boombox, or they are recommending a JBL speaker to their friends, or their cousins. In the long term, that builds a loyal partnership. It can very well translate into an inserting JBL speaker when they buy a car.

Of course, it helps JBL connect with a younger demographic. But at the same time, let’s not forget the alumni. By connecting themselves with college students, brands can actually tap into the attachment and passion that past graduates have toward their alma mater or college team. Don’t just look at the followers count; look at what the athletes represent. That’s how brands like JBL are nailing the marketing game.

Luka Dončić's move to the Los Angeles Lakers is likely to accelerate his path to becoming the NBA’s next billionaire. As one of the league’s most promising and marketable stars, Dončić's presence in L.A. enhances his visibility in both basketball and business. Plus, there is the Lakers boost. According to Forbes, the Lakers rank as the third most valuable NBA franchise at $7.1 billion, with 25.1 million Instagram followers. Being in an era where brands seek visibility, it will be a shot in the arm for him and his sponsors. Barely 25, and he is already the 34th highest-paid athlete in the world, per Forbes. The Lakers move might just be the start of his journey to becoming a billionaire.


Stephen Curry’s Underrated Golf Tour is a sponsors’ goldmine. The league founded on the principles of providing equal opportunities to aspiring golfers has already drawn a number of heavyweights like KPMG, Callaway, and Dick’s Sporting Goods as its partners. In fact, United Arab Airlines is on board with Curry’s vision for the second consecutive year. But the league’s actual potential for sponsors is still unrealized. NGF data suggests that 6.8M recreational golfers in 2024 fall in the 18-34 age bracket, and Curry’s league is also focused on up-and-coming stars. The ideal playground for brands to leverage the young talent pool and grow the brand identity beyond the traditional PGA and LPGA Tour audience.


Over 50% of MLS teams are running on a loss, but commissioner Don Garber makes a contrasting (and bold) claim – the league is offering team owners a ‘good return’. Lies? Not really, when you look at the long-term potential of the league. In the last five years, LAFC’s valuation has soared to $1.2B from $800M. The average MLS franchise is now valued at $600M, a 121% upshot from 2021. Not just that, but believe it or not, MLS is now the second-most-watched soccer league globally. Of course, Lionel Messi has been the catalyst in MLS’s climb. But there is more to it. Despite what the current scenario looks like for most teams, MLS’s resilience and continuous growth are actually an indicator of hidden potential.

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