Name: NBA on Verge of Losing Billions, Player Salaries Could Plummet: Report
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NBA on Verge of Losing Billions, Player Salaries Could Plummet: Report

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AdvertisementAdvertisementAdvertisementAdvertisementFor obvious reasons, 2020 has been a bizarre year for sports.The stark lack of fans at games, the various “bubble” environments to try and mitigate the spread of coronavirus, and the awkward rescheduling forcing leagues to play much later in the year than normal have all contributed to a sports year that fans won’t soon forget.But one major aspect of 2020 professional sports that fans might want to try and forget is the deluge of “woke” protests that have proliferated the major three North American professional sports leagues.Advertisement - story continues belowWhile both and the had their own bouts of social justice demonstrations, no sports league tapped into those protests more than the NBA.Yes, the NBA had a or , but the league, by and large, wholly embraced the “” movement. The NBA even went so far as to have “Black Lives Matter” emblazoned on the court during the duration of its bubble restart.Trending:Here is the NBA restart court in Orlando: the spaced out chairs are the socially distanced bench, Black Lives Matter is written on the court.— Malika Andrews (@malika_andrews)Advertisement - story continues belowThe NBA had a litany of factors working against it, but it was due in no small part to the league’s social justice initiatives that ratings utterly for its ballyhooed restart.Those abysmal ratings couldn’t have left the NBA’s broadcast partners and sponsors happy. So what’s the best way to appease them and recoup some of the lost revenue? Get back to work as soon as possible and play as many games as you can.If the NBA completely gets rid of its social justice messaging, would you give it another shot?Yes: 17% (406 Votes)No: 83% (1984 Votes)Unfortunately for the league, it’s not that simple.According to a Friday from ESPN’s , the league and the National Basketball Players Association are still not able to agree on when the league will restart.The league would like to start as early as December, while the Players Association prefers to play at a later date, the report said.Advertisement - story continues belowThe 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: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.Advertisement - story continues belowThe 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 , 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?Advertisement - story continues belowMuch 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.Based on that aforementioned $5 billion figure, the NBA clearly needs to engage as many fans as humanly possible.Submit a Correction →We are committed to truth and accuracy in all of our journalism.Tags:, , , , , ,AdvertisementThe Victory Baptist Church in South Los Angeles, where Martin Luther King preached, has burned; arson investigators have begun their work.Former President Donald Trump's legal team completely dismantled the Department of Justice's legal argument regarding a 'special master.'Republican South Dakota Gov. Kristi Noem will not be out and about much in the coming months due to recent back surgery.When Trump exited his plane at Dulles International Airport in Virginia, leftists had their theories ready to go.The family's electric truck completely ran out of battery after the charging station they stopped at was not working.On one hand, Hillary Clinton laments that we aren't 'united' as Americans like we were on 9/11, then she attacks all who oppose her.All the supervisor did was come in contact with these pills, and he had to be hospitalized. Imagine if the kids had taken them.'When evil presents itself, it can be devastating, but we must remember there is more good than evil in our world.'These ten "levers" have potential to lengthen your life while also enhancing your quality of life, so you can keep doing what you love.Even though Stelter failed at being a journalist in his own right, Harvard has somehow decided he is qualified to teach students.

AdvertisementAdvertisementAdvertisementAdvertisementFor obvious reasons, 2020 has been a bizarre year for sports.The stark lack of fans at games, the various “bubble” environments to try and mitigate the spread of coronavirus, and the awkward rescheduling forcing leagues to play much later in the year than normal have all contributed to a sports year that fans won’t soon forget.But one major aspect of 2020 professional sports that fans might want to try and forget is the deluge of “woke” protests that have proliferated the major three North American professional sports leagues.Advertisement...

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Bryan Chai has written news and sports for The Western Journal for more than five years and has produced more than 1,300 stories. He specializes in the NBA and NFL as well as politics.

https://www.westernjournal.com/author/bchai/

Bryan Chai

The Western Journal is a news company that drives positive cultural change by equipping readers with truth. http://t.me/WesternJournal

NBA on Verge of Losing Billions, Player Salaries Could Plummet: Report

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