Coronavirus-Driven Cancellation of NBA Regular Season Could Cost $1 Billion or More
By NBC // March 23, 2020
NBA still playing out expenses to employees
(NBC) – The NBA is a business, and like a lot of businesses around the nation right now, it is getting hammered. Revenue flowing in has stopped because the league is suspended due to the coronavirus, but it is still playing out expenses to employees right now.
How big a hit? Cancel the season and the loss could be $1 billion or more.
There was 21 percent of the NBA season left when games were suspended. When they added up the cost of lost gate receipts, television revenue, money returned to sponsors, and everything else, fivethirthyeight.com got to $1 billion quickly.
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