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Kings to receive $15 million over three years for jersey ads

Cleveland Cavaliers v Sacramento Kings

SACRAMENTO, CA - MARCH 09: DeMarcus Cousins #15 of the Sacramento Kings goes for a rebound against the Cleveland Cavaliers at Sleep Train Arena on March 9, 2016 in Sacramento, California. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Ezra Shaw/Getty Images)

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The NBA is allowing jersey advertisements on a three-year trial basis, which has opened the floodgates for a new source of revenue led to just two teams striking deals so far.

The 76ers signed a three-year, $15 million contract for jersey ads. The Kings will get the same amount, according to John Lombardo and Terry Lefton of Sports Business Journal.

This will be a nice revenue boost to the Kings, who – as confirmed by owner Vivek Ranadivé to Sam Amick of USA Today – are forgoing revenue-sharing income. Sacramento’s jerseys will look a little less appealing, but that hit in prestige could be offset by the added money.