WASHINGTON — We’re supposed to be in the home stretch of the NBA regular season right now, with the playoffs tipping off in less than a month. But with sports on an indefinite hiatus, the NBA might be facing serious financial losses from the coronavirus pandemic.
"By virtue of an NBA player being tested and the kind of attention it brought, my sense was that, especially among young people in the United States, people were not taking these protocols all that seriously until the NBA did what it did," NBA Commissioner Adam Silver said on ESPN's "The Jump" on March 18.
The NBA suspended their season all started after Utah Jazz center Rudy Gobert tested positive for coronavirus.
According to TicketIQ, the NBA could lose an estimated $690 million just in ticket sales because of the pandemic. That’s not even counting the playoffs or the other money coming from TV contracts, merchandise, or sponsorships.
Also, consider the salary cap that allows teams to sign and pay players, and is directly tied to league revenue.
The coronavirus, though, is likely to drop that number and players on the bubble to make rosters might not get signed. Players with salaries tied by percentage to the salary cap will see that lowered, as well.
Let's also not forget about the seasonal employees, like parking staff, concession-booth operators, ushers and security guards who are waiting, and hoping, for a return to normal as soon as possible.
This would help franchises handle their expenses for however long the suspension lasts.