Field Level Media
02 Jul 2020, 00:25 GMT+10
The cost of restarting the NBA season in a campus environment in an attempt to ensure safety is over $150 million, ESPN reported on Wednesday.
Commissioner Adam Silver and the league board of governors opted for the "bubble" site of Walt Disney World Resort to provide room and board for the 22 teams within shouting distance of the playoffs. The postseason will also be held in what the NBA hopes is a controlled environment, where players have restrictions to prevent the spread of coronavirus.
Among the costs to the NBA are daily tests for COVID-19, treatment and quarantine associated with positive tests, and meals, security, transportation, sanitation of facilities including practice gyms and staging of games at multiple stadium sites (three arenas are planned for use).
The NBA has projected a total loss exceeding $1 billion in revenue related to ticket sales by playing games at the isolated, neutral site and without fans present.
"It comes into play that we feel an obligation to our sport and to the industry to find a new normal," NBA commissioner Adam Silver told Time magazine on Tuesday. "It doesn't come into play in terms of dollars and cents because, frankly, it's not all that economical for us to play on this campus. It's enormously expensive."
--Field Level MediaGet a daily dose of Charlotte Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Charlotte Star.
More InformationNEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...