The Amount of Money the NBA Could Lose Due to COVID-19
Reading Time: 2 minutesEven before COVID-19 and the postponement of the NBA season, insiders in the NBA organization were already projecting losses of $400M in revenue. This initial decrease was because of Daryl Morey, since he got China furious at the NBA, and most of the Chinese sponsorships disappeared. Because of the suspension, the NBA is facing a much larger depreciation. The NBA generates about $8B each year, and many experts project that the NBA will lose about $1.2B if the season is canceled. The NBA makes the most money from sponsorships, merch, ticket sales, and TV contracts. Since...
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