NBA fell $1.5 billion short of revenue projection–report | Inquirer Sports
Close  

NBA fell $1.5 billion short of revenue projection–report

/ 12:17 PM October 27, 2020

FILE — Basketballs are lined up next to the stanchion before warmups of Game 3 of an NBA  first-round playoff series between the Indiana Pacers and the Miami Heat on August 22, 2020 in Lake Buena Vista, Florida. Kim Klement – Pool/Getty Images/AFP

The NBA, which was the first pro league to suspend play amid the COVID-19 pandemic, made $1.5 billion less than it projected last season due to the pandemic and other factors, according to an Associated Press report.

The league shut down March 11, then returned to finish a shortened season at the ESPN Wide World of Sports Complex near Orlando.

ADVERTISEMENT

That restricted access, all-inclusive bubble, which was run at an estimated cost of $200 million, was one of the factors that hit the NBA’s bottom line.

Other factors were the initial shutdown, the loss of 171 regular-season games, the lack of attendance for games in the bubble and China’s decision to not show games after an October tweet by former Houston Rockets GM Daryl Morey in support of Hong Kong.

FEATURED STORIES

The league’s Board of Governors is currently meeting to discuss the start date for the 2020-21 season, potential fan attendance and possibly a shortened schedule, with a push to start the 2020-21 NBA season by Christmas apparently gaining momentum.

The Athletic reported Friday that the NBA is targeting a Dec. 22 start date and a 72-game regular season that would finish before the start of the 2021 Summer Olympics, which are set to begin on July 23 in Tokyo.

Field Level Media

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Adam Silver, business, COVID-19 pandemic, NBA, NBA Bubble
For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2021 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.