The NBA’s summer restart permitted the league to recoup about $1.5 billion in revenue that would have otherwise been lost, sources tell John Lombardo of SportsBusiness Daily. As Lombardo explains, much of that $1.5 billion was tied to national and local television deals, as well as league sponsorships.
Of course, the inability to fully complete the regular season schedule and to have fans in arenas for any summer games will end up costing the NBA a significant chunk of revenue, and the coronavirus pandemic will continue to impact the league’s financial outlook going forward. Still, that financial outlook would have been significantly grimmer if the NBA hadn’t been able to successfully pull off the bubble experiment at Walt Disney World this summer.
“Without a doubt, it was worth it,” one team executive said of the reported $180MM the NBA spent to operate the Disney bubble, per Lombardo.
Here are more odds and ends from around the basketball world:
- As he prepares to re-enter free agency, guard Alec Burks has signed with Octagon Sports for representation, the agency announced today (via Twitter). Burks signed for the veteran’s minimum last summer, but had a solid season with the Warriors and Sixers, averaging 15.0 PPG, 4.3 RPG, and 2.9 APG on .418/.385/.887 shooting in 66 games (26.6 MPG).
- The NCAA’s Division I Council announced last week that winter sport athletes who compete during the 2020/21 season will receive an additional year of eligibility due to the coronavirus pandemic. While the ruling may affect future NBA draft classes, its impact should be relatively minimal, since most top prospects leave school after a year or two anyway.
- In an interesting piece for ESPN.com, Matthew Kirwin of Sports Africa Network explores how Africa’s relationship with U.S. basketball and the NBA has evolved over the last few decades.