Though the NBA was first to pause operations due to Covid-19 last month, team executives also criticized the league office over a lack of information, like the recent plan to allow players to return to practice sites.ĭespite all the signals that it will be nearly impossible to rescue the rest of the NBA season, a league spokesperson told CNBC the league is still working on plans to resume. "Some of them are looking at vast losses outside of just their basketball team." "These owners aren't just sitting there with an ATM that's printing more than ever before," said Andy Dolich, the Memphis Grizzlies former president of business operations. What revenue comes in now?"Īlso, NBA clubs have many limited partners who are taking losses. "They are looking at the cost side versus the revenue side. "What are saying is, 'If we return, where is the revenue that is going to justify the additional cost of returning?" one team executive said. With that settled, team executives say many owners have no desire to return, saying the league's other sources of revenue has temporarily dried up. The league and National Basketball Players Association agreed to withhold 25% of players' checks starting next month. One of the individuals said a Western Conference team has already lost roughly $50 million this season and doesn't have much incentive to restart the season anymore.Īnd team owners already mitigated their biggest cost: player contracts. Despite their massive media rights deal, teams are still reporting losses.
The NBA's revenue sharing system among teams is confusing even to executives. But nonplayoff team owners would also benefit as they don't incur the costs associated with resuming under postseason formats.
#WHEN DOES NBA SEASON START TV#
If the NBA cancels the remainder of the regular season, leaving open the possibility of only a postseason, it hurts nonplayoff teams who want to collect the remainder of local TV dollars. But clubs also gain revenue from local media deals with Regional Sports Networks.įor more coronavirus developments see this. NBA teams split the roughly $2 billion per year in national TV money the NBA receives from ESPN and Turner Sports. The individuals spoke on condition of anonymity as they aren't authorized to discuss league matters publicly.īillions of dollars are on the line if the NBA can't rescue its season. They said team owners are concerned with liability issues and are conflicted about whether or not to give up on the current season. NBA team executives and players' agents spoke to CNBC in recent weeks about the challenges in resuming play.
0 kommentar(er)
