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Report: NBA came in $1.5 billion under revenue projections in 2020
Posted on 10/25/20 at 9:13 am
Posted on 10/25/20 at 9:13 am
Yahoo Sports
quote:
Revenue projections for the league this season were missed by about $1.5 billion, the person said. The losses were the result of a combination of factors — the shutdown caused by the pandemic, the cancelation of 171 regular-season games, completing the season in a bubble at Walt Disney World without fans, the nearly $200 million price tag for operating that bubble and a yearlong rift with the Chinese government that saw NBA games not shown on state television there.
26
Posted on 10/25/20 at 9:15 am to High C
They're waiting on that tik tok check to clear.
Posted on 10/25/20 at 9:17 am to High C
very good numbers with lockdown
only ~$50 milli per team
only ~$50 milli per team
Posted on 10/25/20 at 9:18 am to High C
Funny how they exclude the “wokeness caused the brokeness” factor.
Posted on 10/25/20 at 9:18 am to High C
Good news
Posted on 10/25/20 at 9:22 am to Seeker
quote:
Funny how they exclude the “wokeness caused the brokeness” factor.
It’s not funny, it’s Yahoo.
Posted on 10/25/20 at 9:23 am to High C
quote:
The losses were the result of a combination of factors — the shutdown caused by the pandemic, the cancelation of 171 regular-season games, completing the season in a bubble at Walt Disney World without fans, the nearly $200 million price tag for operating that bubble and a yearlong rift with the Chinese government that saw NBA games not shown on state television there.
Posted on 10/25/20 at 9:23 am to High C
Good thing they've got the cash cow of the WNBA to make up for losses
Posted on 10/25/20 at 9:24 am to High C
I think they get hammered on season ticket holders not renewing for next season.
Posted on 10/25/20 at 9:25 am to Seeker
The tv contract was already signed. Low viewership for the bubble wouldn’t show up in this year’s revenue
Posted on 10/25/20 at 9:27 am to High C
I hate the nba and all the pc crap, but I don’t think you can really compare this year.
Posted on 10/25/20 at 9:27 am to High C
Honestly, a less than 20% drop in revenue this year in a business where the revenue is impacted significantly by lack of in-person attendance is pretty good. If 40% of your revenue is gate and you spend 200,000,000 on a bubble as well I am not sure they can be too upset. There are a helluva lot of businesses that would have loved to only lose 20% this year.
Posted on 10/25/20 at 9:30 am to Obtuse1
they don't like facts dude. since revenue sharing is 50/50. it works out to be a loss of a little over $1 milli per player
Posted on 10/25/20 at 9:33 am to Mr Perfect
quote:
they don't like facts dude.
quote:
Mr Perfect
Oh, the irony.
Posted on 10/25/20 at 9:49 am to High C
Outright supporting a country that is literally rounding up the Uighurs tends to bite a company in the arse.
Posted on 10/25/20 at 9:52 am to Jcorye1
they agreed to raise the escrow amount from 10% to 25%,
quote:
Agents are bracing for the possibility of up to 40% of the escrow being withheld from players, sources told ESPN. That money would offset losses incurred with a lack of revenue coming in from home games
Posted on 10/25/20 at 10:01 am to High C
Good. May they continue to slowly kill their product so long as they are a part-time political action group.
Posted on 10/25/20 at 10:01 am to TigerintheNO
NBA total revenue in 18-19 was 7.7 billion.
NHL total revenue in 18-19 was 4.6 billion.
MLB total revenue in 19 was 9.8 billion.
NBA is officially in the NHL tier of sports. A regional niche. Despite sucking every dick that will jizz a penny down its throat.
NHL total revenue in 18-19 was 4.6 billion.
MLB total revenue in 19 was 9.8 billion.
NBA is officially in the NHL tier of sports. A regional niche. Despite sucking every dick that will jizz a penny down its throat.
Posted on 10/25/20 at 10:02 am to Sun God
The vast majority of businesses all over the world have taken big hits.
Posted on 10/25/20 at 10:02 am to High C
quote:
Report: NBA came in $1.5 billion under revenue projections in 2020
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