FAST FIVE: NBA Braces For Record 40% Drop In Revenue In 2020-2021 Season
Among the biggest reasons for the revenue loss were an $800 million loss in gate receipts and a $400 million loss in sponsorships and merchandise, and in a “surprise” twist, the NBA's losses also included $200 million “net negative impact” from the loss of a partnership with China following Daryl Morey tweet promoting Hong Kong freedom a year ago.
This explains why some of the NBA's most vocal domestic social justice warriors are also so bizarrely mute when it comes to China's trampling of basic human rights: all players have a vested financial interest and incentive to keep their mouths shut when it comes to any China criticism.
Which may also explain why said SJWs are so much more vocal when it comes to bashing injustices in their own country as a diversion for their hypocrisy.
Dropping to that level would have put almost every team into severe luxury tax territory, and it would have left very little available money for this off season's free agents.
The sudden hit to NBA players' bank accounts is not expected to last: the league anticipates a revenue rebound in 2021-22 (at the earliest).