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It's quite clear that the NBA will lose a ton of revenue by suspending the 2019-20 regular season campaign due to the growing coronavirus (COVID-19) pandemic. Now, team owners are scrambling to know just exactly how much those financial losses will be.
Per an ESPN report from Adrian Wojnarowski, team owners are still awaiting for the league's financial projections on lost revenues, which are expected to come out in the coming days.
NBA chief financial officer J.B. Lockhart has been leading the charge of crunching down the numbers of financial projections, which will no doubt be filled with uncertainty and volatility.
The league will reportedly narrow down the projections to three primary scenarios — mainly the financial costs of shutting down the season, restarting with no fans in the arena, or playing playoff games with fans.
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Apart from assessing the imminent financial damage brought by the suspension, the numbers will also affect next season's NBa salary cap and the players' share of basketball-related income.
The league, meanwhile, has been mapping out a comprehensive plan of action since it announced the suspension following Utah Jazz center Rudy Gobert's positive test for coronavirus. Two other players have also tested positive for the virus, including Gobert's Jazz teammate Donovan Mitchell and Detroit Pistons center Christian Wood.
The NBA has not thrown in the towel completely, as commissioner Adam Silver hinted that basketball action may resume after two months, albeit several tweaks to ensure public safety.
Games will reportedly be converted to closed-door events, while the NBA is also looking at the possibility of holding the matches in practice facilities rather than the regular arenas.
