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High C
USA Fan
viewing the fall....
Member since Nov 2012
35644 posts

Report: NBA came in $1.5 billion under revenue projections in 2020
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.


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angryslugs
Member since Apr 2008
8727 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
They're waiting on that tik tok check to clear.


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810
Mr Perfect
Lamar Fan
Member since Mar 2010
17836 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
very good numbers with lockdown

only ~$50 milli per team


Seeker
Member since Jul 2011
1354 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
Funny how they exclude the “wokeness caused the brokeness” factor.


LSUlefty
LSU Fan
Youngsville, LA
Member since Dec 2007
22633 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
Good news


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423
High C
USA Fan
viewing the fall....
Member since Nov 2012
35644 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
quote:

Funny how they exclude the “wokeness caused the brokeness” factor.


It’s not funny, it’s Yahoo.


PhillyTiger90
Rutgers Fan
Member since Dec 2015
5379 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
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.


Image: https://gifrific.com/wp-content/uploads/2012/04/Jon-Hamm-Sure-Thing.gif



thejuiceisloose
UNO Fan
U.S. and A
Member since Nov 2018
517 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
Good thing they've got the cash cow of the WNBA to make up for losses


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1102
Chicken
USA Fan
Jackassistan
Member since Aug 2003
16195 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
I think they get hammered on season ticket holders not renewing for next season.


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935
diremustang
SMU Fan
Member since Oct 2017
667 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
The tv contract was already signed. Low viewership for the bubble wouldn’t show up in this year’s revenue


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MikeAV8s
Auburn Fan
Member since Oct 2016
990 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
I hate the nba and all the pc crap, but I don’t think you can really compare this year.


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617
Obtuse1
Wofford Fan
Westside Bodymore Yo
Member since Sep 2016
9999 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
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.


Mr Perfect
Lamar Fan
Member since Mar 2010
17836 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
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


High C
USA Fan
viewing the fall....
Member since Nov 2012
35644 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
quote:

they don't like facts dude.


quote:

Mr Perfect


Oh, the irony.


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394
Jcorye1
Detroit Mercy Fan
Tom Brady = GoAT
Member since Dec 2007
59131 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
Outright supporting a country that is literally rounding up the Uighurs tends to bite a company in the ass.


TigerintheNO
LSU Fan
New Orleans
Member since Jan 2004
34808 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
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





RollTide1987
Alabama Fan
Washington, D.C.
Member since Nov 2009
50521 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
Good. May they continue to slowly kill their product so long as they are a part-time political action group.


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233
TheeRealCarolina
South Carolina Fan
Member since Aug 2018
10003 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
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.


Diseasefreeforall
Miami (FL) Fan
St Clair Co
Member since Oct 2012
1443 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
The vast majority of businesses all over the world have taken big hits.


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WPBTiger
USA Fan
Parts Unknown
Member since Nov 2011
20737 posts

re: Report: NBA came in $1.5 billion under revenue projections in 2020
quote:

Report: NBA came in $1.5 billion under revenue projections in 2020
Image: https://i.imgur.com/28BbEUP.gif


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