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Go Woke, Go Broke? NBA Reportedly Facing Billions in Losses, Steep Decline in Player Salaries
Western Journal ^ | 10-31-20 | Bryan Chai

Posted on 11/01/2020 4:59:04 PM PST by 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.

RELATED: NBA Legend Named Special Reserve Sheriff's Deputy

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.

(Excerpt) Read more at westernjournal.com ...


TOPICS: Chit/Chat; Humor; Sports
KEYWORDS: blmdestroys; leebrownjimmy; maga; nba; revenue; sports; thugball; walkaway; wokebroke
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I am crying sooo hard, I can barely type this

(tears of laughter!)

1 posted on 11/01/2020 4:59:04 PM PST by dynachrome
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To: dynachrome

2 posted on 11/01/2020 5:00:47 PM PST by guido911 (all)
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To: dynachrome

You made your bed,now lie in it.....You wanted this...okaaaay..you have it....ENJOY GOING BROKE


3 posted on 11/01/2020 5:01:30 PM PST by Hambone 1934 (WE all know President)
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To: dynachrome; forgotten man

Stephen Curry, Other NBA Stars Set To Lose A Lot Of Money
10/31/2020, 1:31:30 PM · 49 of 58

Grampa Dave to forgotten man
Thanks for posting this tax loss reality.

“The good news is that the State of California Franchise Tax Board is losing tens of millions of dollars in income taxes from Curry and LeBron James alone.”

Oakland and the State of California Franchise Tax Board took a big hit when the Oakland thugs aka Raiders moved to Vegas.

Now, their basketball thugs will not be paying as much Califonicator Income tax.

MLB was basically a total loss for everyone involved. The bay area has the former Giants and the Oakland A’s.

The loss of seasonal ticket sales for all of these Bay area pro thugs has to be in the millions.

Thanks, again, I had not really thought of the loss of tax’s for California and probably the host cities when the thugs take massive paycuts!

http://freerepublic.com/focus/chat/3900332/posts?page=49#49


4 posted on 11/01/2020 5:01:53 PM PST by Grampa Dave (I would rather be killed by Covid than by Loneliness, at the end of my life! I'll be 82 in November!)
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To: dynachrome
I want them to go full throttle on the social justice stuff.

I also hope no one ever goes back to watching or caring about anything “pro-sports,” in general.

5 posted on 11/01/2020 5:01:55 PM PST by ConservativeMind (Trump: Befuddling Democrats, Republicans, and the Media for the benefit of the US and all mankind.)
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To: dynachrome

(Cue Nelson from The Simpsons)

HAAAA ha!


6 posted on 11/01/2020 5:02:15 PM PST by AFB-XYZ (Option 1 -- stand up. Option 2 -- bend over.)
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To: dynachrome

Great news. Less money going to people that hate us.

JoMa


7 posted on 11/01/2020 5:02:19 PM PST by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: dynachrome

8 posted on 11/01/2020 5:02:29 PM PST by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: dynachrome

I hope the have to contract the league down to 6 teams, and then declaim bankruptcy


9 posted on 11/01/2020 5:02:42 PM PST by Fai Mao (There is no justice until PIAPPS is hanging from a gallows.)
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To: dynachrome

Now that there is funny!


10 posted on 11/01/2020 5:02:45 PM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: dynachrome

It’s too bad that my city doesn’t have an NBA team to boycott.


11 posted on 11/01/2020 5:03:04 PM PST by Jonty30 (What Islam and secularism have in common is thp at they are both death cults. N)
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To: dynachrome

It’s time for a market correction. You just cannot keep paying all these sportsball jocks hundreds of millions of dollars and then think the money from the fans will always flow to keep up with it.

A good hard crash once in awhile will bring them back to reality.


12 posted on 11/01/2020 5:03:32 PM PST by shelterguy
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To: dynachrome

Glad to hear their contracts aren’t fixed but are tied to overall league revenue, which is cratering.

Shut up and dribble. Or whatever.


13 posted on 11/01/2020 5:04:03 PM PST by Golden Eagle (Hope for the best, but prepare for the worst. Anything less is a sign of weakness.)
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To: dynachrome

NBA, mlb nfl are all dead to me


14 posted on 11/01/2020 5:04:50 PM PST by fastrock
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To: dynachrome

NBA, mlb nfl are all dead to me


15 posted on 11/01/2020 5:05:12 PM PST by fastrock
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To: dynachrome

But, LeBron says it’s ‘racist’ for the right wings to enjoy his misfortune. Except that, no, it’s not at all ‘racist’.
It’s human nature to take pleasure in seeing a big mouth forced to shut up and re-evaluate the game plan of shoving BLM down our throats.


16 posted on 11/01/2020 5:06:46 PM PST by lee martell
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To: ConservativeMind

Maybe people will go back to the novel idea of making your own fun. Having friends over for game / card nights. Playing sports yourself. Having dinner parties , etc.

I do think it would be hilarious if those ungrateful bums lost their jobs or took huge cuts because of their nasty arrogant attitudes.


17 posted on 11/01/2020 5:07:07 PM PST by boxlunch (MSM + Twitter+ FB = post Soviet “Glavit“- Propaganda Arm of the Communist Democrat Party)
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To: fastrock

“NBA, mlb nfl are all dead to me”

Same here, though I never watched the thugball known as the nba.


18 posted on 11/01/2020 5:07:17 PM PST by dynachrome (The panic will end, the tyranny will not)
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To: dynachrome

Obviously a consequence of ray-ciss.


19 posted on 11/01/2020 5:08:30 PM PST by 2 Kool 2 Be 4-Gotten
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To: dynachrome

I haz The Sadz for LeeBrown Jimmy and his sportsball hero pals...


20 posted on 11/01/2020 5:09:15 PM PST by kiryandil (Chris Wallace: Because someone has to drive the Clown Car)
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