Due To nCoV, The NBA Will “Evaporate” Nearly $500 Million

Although the entire tournament has to be postponed due to the nCoV virus to ensure health and safety not only for the players but also for the people who work and watch the team, the resulting losses are immeasurable.

Postpone the whole tournament because of the nCoV pandemic

Although the entire tournament has to be postponed to ensure health and safety not only for the players but also for the people who work and watch the team, the resulting losses are immeasurable.

Bonus up to 1000 usd cmd368

After two positive cases of COVID-19 from Donovan Mitchell and Rudy Gobert, it seems that thousands of people who are working and competing in the American professional basketball tournament will temporarily lose their jobs. In addition, financial losses are inevitable and the figure could be as high as $ 500 million if the number of tickets alone is over 250.

Banner Promotion From TT128
Due To nCoV, The NBA Will “Evaporate” Nearly $500 Million
NBA indefinitely suspended all remaining matches in the 2019-20 season

In the most recent sharing from NBC Sports’s prestigious journalist Tom Haberstroh, it was he who made this figure based on actual statistics.

The NBA will “evaporate” nearly $500 million”

On Thursday morning, the NBA had an emergency meeting between the tournament operators to come up with detailed plans in the near future amid the escalating epidemic center. that teams will have to compete without any spectators coming to the field or finding a temporary backup option.

At the same meeting, I talked to the executives and it was certain that the matches would proceed according to the decision above. And immediately, the first game that applies to no spectators in the gym is between the Golden State Warriors and the Brooklyn Nets “- Tom Haberstroh.

However, in addition to the competition plan, the relocation of the venue is also a feasible plan that the US professional basketball system has considered through the meeting.

Additionally, Tom Haberstro add that they had discussed a plan to move the venue to Idaho, in which there has no case of nCoV virus to recent. However, with the information that 2 players Donovan Mitchell and Rudy Gobert infected with the nCoV virus, everything has changed completely.

The NBA has suffered extremely heavy financial losses
The NBA has suffered extremely heavy financial losses

He also frankly shared more information that every competition within the regular season this year, the collected amount of cash from the doorway price ticket averaged $ 1.2 million and $ 2 million for each playoff competition. With 259 remaining unfinished regular competition in the near future, the NBA will lose $ 300 million in tickets and if the situation goes on to tense over the playoffs stage, ie 83 matches, the loss figure continues to reach $ 166 million.

Based on simple calculations, the number of tickets received by the NBA will be “evaporated” is $ 466 million. Not to mention the contract deals between the teams and sponsors as well as the television tournament, the amount will certainly be much larger than the above. This shows that many consequences have been seriously affected just because of the nCoV virus.
Read more: https://thenewssports.net/Category/basketball/

Banner Promotion From TT128