NBA Could Lose Out On $500 Million In Ticket Revenue

The NBA was the first major professional sports league in America to suspend play due to the coronavirus outbreak, and it’s unknown if the 2019-20 campaign will be resumed.

The league announced that play would be suspended on March 11, after Utah Jazz star Rudy Gobert tested positive for the coronavirus. One day later, the NHL, MLB and MLB announced that they were suspending play. The NCAA also canceled its basketball and hockey tournaments.

On top of that, WWE has since moved its live shows (Raw and SmackDown) to the Performance Center in Orlando. They relocated WrestleMania 36 from Raymond James Stadium in Tampa Bay to the Performance Center. The event is scheduled to take place on Apr. 5.

The PGA canceled the Players Championship, and they have postponed the Masters tournament, which was slated to run from Apr. 9 to 12.

Before the suspension was announced, the NBA was slated to conclude its regular season on Apr. 15. The Milwaukee Bucks own the best record in the league at 53-12, while the Los Angeles Lakers hold the top seed in the West at 49-14.

NBC Sports basketball insider Tom Haberstroh reports that the league could lose an estimated $500 million in “lost ticket revenue if the NBA doesn’t allow fans to attend the full slate of games.”

Haberstroh explained that, on average, the league receives “$1.2 million in gate revenue” for each regular season contest. That number increases to $2 million for every postseason game.

Obviously, public health and safety are the No. 1 concern for the NBA and all other major sports leagues. The league fully understands that they’re about to lose out on a lot of money here, but they really didn’t have a choice.

Last week, commissioner Adam Silver said that the suspension would last at least 30 days, the same as MLS. The NHL is continuing to weigh its options, and it sounds like June is the earliest potential start time for Major League Baseball, which was originally slated to begin next Thursday – with all 30 teams in action.

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