Is the NBA really loosing tons of money?


Desiree Vanada

Did the NBA really lose tons of money during Covid-19? Yes, and it is still happening. For those who don’t know, the NBA is a professional basketball league in North America. The league is composed of 30 teams and is one of the four major professional sports leagues in the United States and Canada. It is the premier men’s professional basketball league in the world. The NBA have been around for about 74 years total and still counting. Articles say that the NBA revenue for the 2019-20 season dropped 10% to $8.3 billion. The NBA is open to the idea of regional pods and intraconference scheduling to lessen team travel and exposure to the coronavirus. The NBA hopes that it can play games with fans in home arenas in 2020-21, but it has also been exploring the possibility of modeling a bubble environment similar to what Major League Baseball used to finish the 2020 season’s playoffs. Article says, “The NBA’s losses included $200 million in deemed “net negative impact” from a months long splintering of a partnership with China in the aftermath of the Daryl Morey tweet promoting Hong Kong freedom a year ago, sources said.” and “As the NBA and National Basketball Players Association discuss start dates and financial amendments to the collective bargaining agreement, the potential for a grim financial landscape without fans in the 2020-21 season looms over the league. The 2019-20 season losses are slight in comparison to what awaits the NBA in 2020-21 if the season advances without fans and accompanying gate-night receipts, the league told teams, a projected 40% loss in overall revenue, or approximately $4 billion.” Overall the NBA is anxious to get its calendar back on track for the start of the 2021-22 season, and delaying the start of the 2020-21 season until mid-January would make it difficult to do that. The NBA is considering releasing the schedule in halves to increase flexibility, allowing for postponements that are likely inevitable with coronavirus outbreaks. They doubt that they will be able to make up games that might be lost due to the virus.