Brooklyn Nets land $30 million per year jersey deal with brokerage platform Webull

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Kevin Durant #7 of the Brooklyn Nets shoots the ball against the Washington Wizards during a preseason game on December 13, 2020 at Barclays Center in Brooklyn, New York.Nathaniel S. Butler | National Basketball Association | Getty ImagesThe Brooklyn Nets on Monday landed one of the National Basketball Association's top jersey patch sponsorships with New York-based brokerage platform Webull, the parties told CNBC.Terms of the agreement for the jersey patch weren't announced, but people familiar with the agreement told CNBC it's a multiyear pact that pays the Nets roughly $30 million per year. Since the NBA started its jersey patch asset in the 2017-18 season, the Golden State Warriors had the most expensive deal at $20 million per season with Japan-based e-commerce company Rakuten.Webull is an online trading platform headquartered in New York and owned by Chinese holding company Fumi Technology. It competes with online brokers like Robinhood with its commission-free offerings
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