NBA suspension could cause league whopping $1 billion loss in revenues: Report

As a result of extended NBA suspension, league will w suffer from a major loss of revenue. Considering Hong Kong controversy and NBA suspension, league could lose approximately $1 billion in revenue this year. Along with loss of revenue, contracts of players like Giannis Antetokounmpo, Ben Simmons and Damian Lillard could also take a hit. 

Also read | NBA's Adam Silver seeking answers, which are in short supply

NBA suspension: NBA suspension could lead to an NBA revenue loss of $1 billion

During Hongkong controversy caused by Houston Rockets General Manr Daryl Morey’s tweet in support of protesters in Hong Kong, NBA commissioner Adam Silver had revealed an NBA revenue loss of around $400 million. However, reports suggest a $1 billion NBA revenue loss if season does t resume soon. If season ends up getting cancelled, NBA revenue loss could in turn also affect salary cap. According to reports, salary cap has declined only twice over span of 35 years, and never more than $23 million. Though Silver has stated that all steps will be taken after communicating with public health officials, loss of revenue in case of cancellation would also affect upcoming NBA seasons. 

Also read | NBA revenue loss: Players might t get paid beyond April 1 during ongoing suspension

NBA suspension: NBA might t pay players on April 15

NBA suspension: NBA players could lose 21-24% salary due to NBA suspension

NBA and  Collective Bargaining Agreement (CBA) have a clause termed as 'Force Majeure Event' regarding major scenarios like epidemics, war or natural disaster. NBA could trigger clause in extreme cases like coronavirus pandemic. If NBA triggers clause, players could stand to lose a portion of ir paycheck for every game y miss.

Also read | Does Kyrie Irving have coronavirus? NBA players with coronavirus

NBA suspension is a big blow to ir television partners

Along with NBA, its TV partners are expected to lose around $100 million.  suspension also affects situation in two ways – broadcast of games and shows about NBA where y review said games. If NBA does t resume soon, ir TV partners will w end up losing revenue from telecast and commercials.

NBA suspension: NBA credit line to be increased to $1.2 billion to increase cash flow

NBA suspension: When will NBA return?

Silver's latest statement on NBA return hinted at least one month without basketball action. As Center for Disease Control (CDC) has recommended garings of 50 or more people for at least two months, NBA return could be pushed to mid-June. Even n, games could still be played without an audience. Currently, re are 10 NBA players with coronavirus – Rudy Gobert, Christian Wood, Dovan Mitchell, Kevin Durant and three Brooklyn Nets players, two Los Angeles Lakers players and Boston Celtics' Marcus Smart. 

Also read | NBA players with coronavirus: Marcus Smart urges people to take its impact seriously