The NBA is reportedly planning to raise its credit line up to $1.2 billion, per Adrian Wojnarowski of ESPN.
The previous credit line was $650 million.
The NBA discussed the plan on a call with the Board of Governors on Tuesday. The change allows the NBA to increase cash flow through what’s expected to be an extended shutdown of the season because of the coronavirus pandemic.
The NBA discussed the plan on a call with the Board of Governors on Tuesday, sources said. For the NBA, this would allow the league to increase cash flow through what’s expected to be an extended shutdown of the season. https://t.co/1Q47bze0RD
— Adrian Wojnarowski (@wojespn) March 18, 2020
The NBA suspended the season last Wednesday following Utah Jazz big man Rudy Gobert's positive coronavirus test. His All-Star shooting guard teammate Donovan Mitchell, Detroit Pistons high-flyer Christian Wood and Brooklyn Nets superstar small forward Kevin Durant have tested positive for the infectious disease too.
Three others Nets players have the virus along with Durant.
This was a good move by the NBA. The owners can now afford to pay players through the season by assessing the value of the league and gaining a credit line.
Hopefully, fans get to see basketball again in the summer. The NBA wants to resume the season in July or August. But again, with the way this virus has been spreading, no one really knows for sure if sports will be played soon.
Along with the NBA, the MLB, NCAA and NHL suspended play, as well as tennis and golf.