Exec: No NBA Teams Will Operate In Black During 20-21 Season

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Exec: No NBA Teams Will Operate In Black During 20-21 Season 

Post#1 » by RealGM Wiretap » Fri Jul 10, 2020 3:25 pm

With the NBA unlikely to play the 20-21 season with fans in the arena and limited fans under the best case scenario, the financial outlook for the league is uncertain and far less promising than it did before the COVID-19 pandemic started in March.


Adam Silver has estimated that approximately 40 percent of the NBA's once-projected $8.4 billion in revenue came from arenas.


"The truth is, things are changing so fast that, when it comes to next season, the best we can do is put a stake in the ground and make a guess," an Eastern Conference team president said. "The reality is nobody is probably going to operate in the black next season.


"The only question is how much each of us are going to lose."


In order to help the league account for the shortfall, the NBA could withhold as much as 20 percent of players' salaries in escrow as opposed to the typical 10 percent.

Via Brian Windhorst, Tim Bontemps/ESPN

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Re: Exec: No NBA Teams Will Operate In Black During 20-21 Season 

Post#2 » by deeps6x » Sat Jul 11, 2020 10:58 pm

Scotiabank's record-setting $800 million deal for the naming rights to the Raptor's arena will surely help offset some of the losses. $40M/yr.

How much did Golden State get for the naming rights to their new arena?
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Re: Exec: No NBA Teams Will Operate In Black During 20-21 Season 

Post#3 » by Jedzz » Sun Jul 12, 2020 12:27 am

deeps6x wrote:Scotiabank's record-setting $800 million deal for the naming rights to the Raptor's arena will surely help offset some of the losses. $40M/yr.

How much did Golden State get for the naming rights to their new arena?


How does Scotiabank explain a return on that huge naming rights payout? I hadn't even heard of them until now. Is that it? Now some have heard of them? is that worth 40 mil/yr? Is this a China bank?
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Re: Exec: No NBA Teams Will Operate In Black During 20-21 Season 

Post#4 » by Oden2 » Sun Jul 12, 2020 2:52 am

Oh no the nba is so racist, they said operating in the “black” :roll:
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Re: Exec: No NBA Teams Will Operate In Black During 20-21 Season 

Post#5 » by jayrehme » Sun Jul 12, 2020 3:41 am

Is dark brown allowed? How about purple? The NBA has gone full re ( never go full re )
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Re: Exec: No NBA Teams Will Operate In Black During 20-21 Season 

Post#6 » by jayrehme » Sun Jul 12, 2020 3:56 am

Totally interpreted that wrong.. but a good suggestion would be a better streaming service.. ballstreams blew what the nba is providing away, learn from them.. and quit blocking local home games.

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