NBA Missed Revenue Projections By $1.5 Billion

[RealGM Wiretap]

The NBA missed its revenue projections this season by $1.5 billion, sources told Tim Reynolds of The Associated Press.

The losses were due to a combination of the shutdown due to the pandemic, the cancellation of 171 regular-season games, completing the season without fans, and losing $200 million in a rift with the Chinese government.

There have been no decisions on finalizing the start of next season's schedule, though beginning the season in December as opposed to January or later could generate the league an extra $500 million in revenue.

The NBA is currently targeting a December 22nd start date, with a 72-game season. 

Via Tim Reynolds/The Associated Press

[shrink]

Your donation of just $12 a month will help provide the support that these athletes and owners need.

[Salty1]

Your donation of just $12 a month will help provide the support that these athletes and owners need.

Oh man I hope you're joking.

[Desiderium]

The NBA missed its revenue projections this season by $1.5 billion, sources told Tim Reynolds of The Associated Press.
The losses were due to a combination of the shutdown due to the pandemic, the cancellation of 171 regular-season games, completing the season without fans, and losing $200 million in a rift with the Chinese government.
There have been no decisions on finalizing the start of next season's schedule, though beginning the season in December as opposed to January or later could generate the league an extra $500 million in revenue.
The NBA is currently targeting a December 22nd start date, with a 72-game season. Via Tim Reynolds/The Associated Press

I can think of one more reason actually

[TheHardenChoke]

Who cares...Silver is the greediest snake, karma playing out here

[joeschmo]

Your donation of just $12 a month will help provide the support that these athletes and owners need.

Oh man I hope you're joking.

He's not "Shrink" is a known commie and may even be Lebron himself asking for money.

[robillionaire]

They have plenty of money, I just want to know if it has an impact on the salary cap

[DoctorDunc]

Silver will be gone and the rank and file players will turn on LeBron before this is all over.

[Furinkazan]

more politic please

[23artest23]

The NBA will weather the storm and come out bigger and better for it. The pandemic will eventually end. The China issue might've already blown over. It's a worldwide game...the NBA doesn't give a hoot for the small percentage of fans that are boycotting. People can whine about the stance that the NBA has taken but those people are a small minority that likely wasn't supporting the league to begin with and many will jump right back on board once things calm back down. For those that don't get back on board...your not needed, wanted, or even missed.

[hyberx]

NBA Missed Revenue Projections By $1.5 Billion

That's a very small price to pay for a democrat political rally. Don't worry Adam, you will get it back from the China government if their stooge Biden gets in WH.

[deeps6x]

Your donation of just $12 a month will help provide the support that these athletes and owners need.

Oh man I hope you're joking.

He's not "Shrink" is a known commie and may even be Lebron himself asking for money.

If you live in America and make more than $300,000 per year, you are officially part of the 1% club.
If you make more than $500,000 per year, you are part of the 0.1% club.
If you make more than $1.5 million per year, you are part of the 0.01% club. If you are a professional NBA basketball player, you are automatically in this super elite club.
If you make more than $4 million per year, you are part of the 0.001% club.
If you make more than $20 million per year, you are part of the 0.0001% club. FWIW, there are ONLY 1,237 people in America that had taxable income this high last year.
https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2019

[dougthonus]

Oh man I hope you're joking.

He's not "Shrink" is a known commie and may even be Lebron himself asking for money.

If you live in America and make more than $300,000 per year, you are officially part of the 1% club.
If you make more than $500,000 per year, you are part of the 0.1% club.
If you make more than $1.5 million per year, you are part of the 0.01% club. If you are a professional NBA basketball player, you are automatically in this super elite club.
If you make more than $4 million per year, you are part of the 0.001% club.
If you make more than $20 million per year, you are part of the 0.0001% club. FWIW, there are ONLY 1,237 people in America that had taxable income this high last year.
https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2019

Most people whom make over 20M per year find ways to avoid taxes. Its very rare to make so much money through income. Not to say there are tons and tons more people on that list, but once you get above 1M a year (maybe even less) tax avoidance becomes something to optimize around, and something that people with that much wealth can pay to optimize around.

[dougthonus]

NBA Missed Revenue Projections By $1.5 Billion

That's a very small price to pay for a democrat political rally. Don't worry Adam, you will get it back from the China government if their stooge Biden gets in WH.

That was where they lost all the money for sure, had nothing to do lack of ticket sales, food/product sales at games, china revenue, or airing games in the middle of the day.

Not saying they lost $0 due to social views, but it was likely a pretty small chunk of this money, especially since I don't think their TV revenue changes based on the ratings in the short term, and they aren't renegotiating a contract right now.

[njknicks]

The NBA will come out much strong, better & much more globally prevalent as a result of their resilience during the pandemic.

Every sports industry ( including the NBA ) lost money, viewership during the current pandemic -- the NBA actually managed to recoup $500+ million by safely operating in the Bubble.

All team-oriented leagues (i.e. baseball, soccer, football, hockey ) had difficulty in their execution/precision of games during the bubble. However, the care, precision & thought process of the NBA was above the rest & outstanding -- prioritizing player health, carefully crafting TV/game day schedules, league accommodations, re-imagining the concepts of player health overall -- one day they will be in a Harvard Case study.

They implemented revolutionary technology ( virtual fans, wristband testing, expedited COVID testing ), shown that they can successfully operate in the most extraordinary of circumstances, we're able to actually to recoup losses, and able to have the ability to partner with players on social issues that affect the majority of their athletes.

The NBA league offices / Players Union / Ownership strengthened their relationships & will be a much better league domestically & internationally as a result.

[23artest23]

The NBA will come out much strong, better & much more globally prevalent as a result of their resilience during the pandemic.

Every sports industry ( including the NBA ) lost money, viewership during the current pandemic -- the NBA actually managed to recoup $500+ million by safely operating in the Bubble.

All team-oriented leagues (i.e. baseball, soccer, football, hockey ) had difficulty in their execution/precision of games during the bubble. However, the care, precision & thought process of the NBA was above the rest & outstanding -- prioritizing player health, carefully crafting TV/game day schedules, league accommodations, re-imagining the concepts of player health overall -- one day they will be in a Harvard Case study.

They implemented revolutionary technology ( virtual fans, wristband testing, expedited COVID testing ), shown that they can successfully operate in the most extraordinary of circumstances, we're able to actually to recoup losses, and able to have the ability to partner with players on social issues that affect the majority of their athletes.

The NBA league offices / Players Union / Ownership strengthened their relationships & will be a much better league domestically & internationally as a result.

Very well stated and totally agree. I attempted to explain it but you clearly did so in a far superior manner.

[njknicks]

The NBA will come out much strong, better & much more globally prevalent as a result of their resilience during the pandemic.

Every sports industry ( including the NBA ) lost money, viewership during the current pandemic -- the NBA actually managed to recoup $500+ million by safely operating in the Bubble.

All team-oriented leagues (i.e. baseball, soccer, football, hockey ) had difficulty in their execution/precision of games during the bubble. However, the care, precision & thought process of the NBA was above the rest & outstanding -- prioritizing player health, carefully crafting TV/game day schedules, league accommodations, re-imagining the concepts of player health overall -- one day they will be in a Harvard Case study.

They implemented revolutionary technology ( virtual fans, wristband testing, expedited COVID testing ), shown that they can successfully operate in the most extraordinary of circumstances, we're able to actually to recoup losses, and able to have the ability to partner with players on social issues that affect the majority of their athletes.

The NBA league offices / Players Union / Ownership strengthened their relationships & will be a much better league domestically & internationally as a result.

Very well stated and totally agree. I attempted to explain it but you clearly did so in a far superior manner.

Much appreciated -- can not fathom how any sincere sports enthusiast can detract from or harbor resentment towards the bold/forward-thinking steps that the NBA took during unprecedented times. Still in awe of how, in less than a few month's time, the NBA completely re-oriented the entire league / essentially centralized the entire league's operation in one location with resounding success. Baffles me how anyone wants the NBA to fail when it is striving ( with precaution ) to pave the way to show that the sports industry can continue to operate in perhaps the most challenging times in sports modern history ( good blueprint for the Olympics ). Greatest comeback in sports?