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-PC Follies
NBA revenue for 2019-20 season dropped 10% to $8.3 billion, sources say
2020-10-29
[ABC] The NBA's revenue dropped 10% to $8.3 billion for the 2019-20 season amid losses because of the coronavirus pandemic, according to financial numbers shared with teams and obtained by ESPN.

The balance of the finances included an $800 million loss in gate receipts and a $400 million loss in sponsorships and merchandise, sources said.

The NBA's losses included $200 million in deemed "net negative impact" from a monthslong splintering of a partnership with China in the aftermath of the Daryl Morey tweet promoting Hong Kong freedom a year ago, sources said.
Posted by:Clem

#10  I'm surprised that the playoffs only account for 10% of projected revenue; unless it is 15% and they still accounted for 5% of projection.

If that is the case, that is a lot of dependency on people watching because sportsball gameday, and if they didn't show up for mega championship history time starring big market 1 and big market 2, then if I were an investor at any orbit - I'm getting penguin foot.
Posted by: swksvolFF   2020-10-29 16:04  

#9  Does anyone know when their TV contracts expire and have to be renegotiated?

Or, alternatively, does anyone know how much money the TV networks had to refund to the advertisers because the #s didn't meet the guaranteed minimums?
Posted by: Tom   2020-10-29 12:24  

#8  The faster these corrupt professional sports go broke, the happier I will be.
Posted by: DarthVader   2020-10-29 09:12  

#7  >This would have devastating financial consequences for the league and certainly NBA players

Devastating? Going from 1 million dollars a game to just 10 thousand (99% loss of salary) would still make you extremely rich.
Posted by: Bright Pebbles   2020-10-29 05:42  

#6  China and existing contracts with the media. Might be different when those contracts get renewed.
Posted by: CrazyFool   2020-10-29 01:44  

#5  ^Most of their revenue comes from China?
Posted by: g(r)omgoru   2020-10-29 01:42  

#4  Only 10%? Must be some creative accounting.
Posted by: Glenmore    2020-10-29 01:32  

#3  Wait for the TV networks and pay per view to force early contract renegotiations due to lack of viewers.
Posted by: Flineque Cleaper1552   2020-10-29 00:39  

#2   Raj also submitted the Zero Hedge article. His comments are highlighted in yellow, below

Clem submitted the ABC article, Raj, and while he linked to the Zero Hedge article, you are given credit for the rest of it.
Posted by: trailing wife   2020-10-29 00:29  

#1  Um, I'm quite sure this was posted by me; just sayin', and no disrespect to my fellow Celtics fan Clem.
Posted by: Raj   2020-10-29 00:05  

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