NBA Could Lose Close To $1 Billion If Season Is Canceled

If the NBA ends up canceling the season, they could lose a whole lot of TV revenue.

BYAlexander Cole
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Due to the Coronavirus, sports have been taken away from us and it remains to be seen when they will be coming back. At this rate, no one really knows whether or not the NBA will be able to restart the season although they have been hard at work trying to make sure they can find a solution that works for everyone. Realistically, fans would love to have the sport back so we can see how the playoffs go down. However, it just simply isn't that easy.

In a report from Sam Amick of The Athletic, it was revealed that the financial implications of this crisis could be massive. In fact, if the NBA were to decide to shut down the season, they would lose out on $900 million in television revenue. This is a lot of money to be playing with right now and it's clear that the stakes are high.

NBA Could Lose Close To $1 Billion If Season Is Canceled
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What makes this situation even more complicated is the fact that if the NBA does have to put a stop to the season and miss out on revenue, they will also have to lower the salary cap. This will put teams in a huge hole especially with some players already under massive contracts.

Needless to say, this is a huge developing story so stay tuned for all of the latest updates.

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About The Author
Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.