Source: China State Council Information Office
The NBA, which suffered a shortened season like many professional leagues amid the COVID-19 pandemic, made $1.5 billion less than it projected last season due to the pandemic and other factors, according to an Associated Press report.
The league shut down March 11, then returned to finish a shortened season at the ESPN Wide World of Sports Complex near Orlando as the Los Angeles Lakers lifted the trophy after a 10-year wait.
That restricted access, which was run at an estimated cost of $200 million, was one of the factors that hit the NBA’s bottom line.
The lack of attendance for games as well as the loss of regular-season games all played their part in the financial shrinking.
The league’s Board of Governors is currently meeting to discuss the start date for the 2020-2021 season, potential fan attendance and possibly a shortened schedule, with a push to start the new season by Christmas apparently gaining momentum.
The Athletic reported Friday that the NBA is targeting a December 22 start date and a 72-game regular season that would finish before the start of the 2021 Summer Olympics, which have been pushed back and are set to begin on July 23 in Tokyo.