Go Woke, Go Broke? NBA Reportedly Facing Billions in Losses, Steep Decline in Player Salaries

Western Journal ^ | 10-31-20 | Bryan Chai

[dynachrome]

The NBA, however, fears that starting the season even in January could cost the league anywhere from $500 million to $1 billion in lost revenue, according to ESPN.

Now, a multibillion dollar entity like the NBA might normally be able to weather losses even that substantive, if only for a year.

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Things get a little hairier, however, when factoring in the great unknown of when fans will be allowed back en masse. Without that vital gate revenue, ESPN noted that projections have the NBA losing another $4 billion.

That’s a potential loss of up to $5 billion in revenue if the season starts in January and fans are not allowed to attend. That massive figure, even for a multibillion dollar entity, would be a very painful and bitter pill to swallow.

The Players Association’s reluctance to start the season early is particularly confounding given the very dire consequences those revenue losses could have on the NBA players.

As ESPN pointed out, the current collective bargaining agreement includes a 50-50 revenue split between the players and the league. A massive drop in revenue would mean a steep drop in player salaries.

While some players with exorbitant salaries, such as LeBron James, John Wall and Chris Paul, would still collect a hefty chunk of change, players on rookie-scale deals or making the league minimum might not be as amenable to those depressed salaries.

So it as simple as going woke and then going broke?

Much like with anything else in life, no, it’s not that simple.

But at the very least, the NBA might want to significantly rethink its strategy of engaging in hyper-partisan politics and alienating its fans.

[MadMax, the Grinning Reaper]

Curry, Kerr and Lebron James can play with their balls. I’ll play with the money I save from not paying to see them bitch about my country.

[Hoosier-Daddy]

Kneeling....

On their own necks

[HP8753]

Does the agreement contain a clause about 50-50 split in losses also? Hopefully the idiots that helped create the losses, have to pay for them too.

[alexander_busek]

Stop for a minute and think of the upcoming Olympics.

I knew a guy once who almost watched the Olympics on tv.

Regards,

[hal ogen]

The anti-American racist thug league of absolute losers hopefully will go belly up. I can’t wait for an EX NBA player to deliver a pizza to my house . No tip!

[The MAGA-Deplorian]

Only way to save it is to all put uniting slogans on their jerseys like:

Die Whitey! Die!
Don’t need no slave owning Crackers to watch us play!
BLACK LIVES MATTER! WHITE LIVES DON`T!
Pay us our money or we’ll burn this stadium down!
We Dribble! We Smart!
Buy My Chinese Slave Labor Shoes Bitch!
Don’t want no Trump supporters watching the NBA!
White Republicans Suck!

[cpdiii]

All is most amusing.

When Jerry Jones fired Tom Landry and let him know via the media the NFL died. Tom Landry had standards of play. Jerry Jones did not.

Professional Basketball is enjoying a most deserved finacnial death.

Note to athletes. You have extreme skill of which we will pay for the privilege of watching. If you become political we will just turn the TV off and your value is much less.

[mulligan]

What goes around comes around.

[TheConservativeTejano]

But at the very least, the NBA might want to significantly rethink its strategy of engaging in hyper-partisan politics and alienating its fans.

Partner, the NBA has already with taking a knew and supporting the BLM Lawlessness crowd, then they have nobody to blame but themselves.

The BLM has shown how "Lawlessness Works by Looting, Rioting, Burning and the Destruction of Buildings" and we know that BLM and Antifa did all of this by themselves.

[Joe Boucher]

Hey NBA, its owners and players Get bent.
Been 2 years since Ive watched a single NBA game.Will Never tune in again.
You all pampered overpaid a-hole punk thugs can kiss my America loving ass.

[lurk]

Trade in the Tesla a for a Hyundai. Expensive kneel.

[Grampa Dave]

Thanks. Some mind awakening comments on this thread re possible election results: "I had not really thought of the loss of tax’s for California..."

That alone is reason not to vote for harris-pelousy ticket...

They win and the communists will have all of us making good on all the lost back pay for the Nasty Bitches Association...

[Grampa Dave]

Thanks for adding to a great learning thread.

[Grampa Dave]

“the biggest part of your cable bill goes to pay ESPN. Its the highest cost network to cable provides.”

What you posted about ESPN is why we used Sling tv Blue before the BLM B$ after cutting our Comcast Cable.

Sling Tv Blue does not carry ESPN, Disney nor ABC.

After the BLM B$ spread to the MLB and NBA, we cancelled our Sling Blue contract.

[Grampa Dave]

BOL!