⁍ The NBA was the first pro league to suspend play amid the COVID-19 pandemic.
⁍ The league made $1.5 billion less than it projected last season due to the pandemic and other factors.
⁍ The NBA Board of Governors is currently meeting to discuss the start date for the 2020-21 season.
– The NBA made $1.5 billion less than expected this season thanks in part to the H1N1 virus and other factors, the AP reports. The league, which was the first to suspend play amid the pandemic, made $1.5 billion less than it projected last season due to the H1N1 virus, as well as the loss of 171 regular-season games, the cost of a $200 million “all-inclusive bubble” at ESPN’s Wide World of Sports Complex, the lack of attendance for games in the bubble, and China’s decision to not show games after a former Houston Rockets GM tweeted in support of Hong Kong. The NBA 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.
Source: https://www.reuters.com/article/us-basketball-nba-revenue-loss/report-nba-fell-15-billion-short-of-revenue-projection-idUSKBN2790S2