It seems that the NBA`s problems are just beginning. First, all games were canceled due to a player testing positive for COVID-19. Second, there is no exact information on the approximate time when games will go back to normal. That is why it is hard to count losses. However, according to preliminary information, the pandemic will cost the NBA roughly $500 million. Where did we get such a big figure?
All this has to do with spectators; to be exact the tickets that they buy. If the last matches are to be played without spectators, the NBA will have to bid farewell to half a million dollars. It is to be noted that the league makes $1.2 million profit per game of the regular season. By the way, the same one in the play-off series brings $2 million. To sum it up, the loss of regular games is about $300 million. At the same time, around 84 games were expected to come about in the play-off, which is approximately $170 million of income. Plus income from fan stores, to boot. Surely, such loss is the lesser of evils but it still is a shock to the NBA economy as well.
According to the source, only 60 percent of the average number of spectators was present on the last day of the NBA games, on Wednesday. At the time when the championship stopped, the teams held from 63 to 67 matches. The Los Angeles Lakers, The Milwaukee Bucks, The Toronto Raptors and The Boston Celtics managed to get into the playoff race.
Furthermore, the NBA has previously lost $200 million due to the political conflict with China. That led to the salary cap cut from $116 to $115 million in the 2020/21 season.
In that regard, it is noteworthy that the above-described concerns only a 30-day pause announced by the NBA. It seems clear that following restrictions may cause even greater damage to the NBA.
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