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NBA Could Lose Close To $1 Billion If Season Is Canceled


If the NBA ends up canceling the season, they could lose a whole lot of TV revenue.

Due to the Coronavirus, sports have been taken away from us and it remains to be seen when they will be coming back. At this rate,  will be able to restart the season although they have been hard at work trying to make sure they can find a solution that works for everyone. Realistically, . However, it just simply isn’t that easy.

In a report from Sam Amick of The Athletic, it was revealed that the financial implications of this crisis could be massive. In fact, if the NBA were to decide to shut down the season, they would lose out on $900 million in television revenue. This is a lot of money to be playing with right now and it’s clear that the stakes are high.

NBA Could Lose Close To $1 Billion If Season Is Canceled

Craig Barritt/Getty Images for TIME 100 Health Summit

What makes this situation even more complicated is the fact that if the NBA does have to put a stop to the season and miss out on revenue, they will also have to lower the salary cap. This will put teams in a huge hole especially with some players already under massive contracts.

Needless to say, this is a huge developing story so stay tuned for all of the latest updates.

[Via]

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