A tweet by the Houston Rockets General Manager Daryl Morey in support of Hong Kong protesters will have a serious financial impact on the NBA.
According to ESPN’s Adrian Wojnarowski and Bobby Marks, the league expects that the cost will be between $150 million and $200 million:
“China’s decision to pull sponsorships and television coverage because Houston Rockets general manager Daryl Morey tweeted support for anti-government protesters in Hong Kong in October is believed to have cost the NBA anywhere between $150 million and $200 million, league sources said.”
In response to Morey’s tweet, China took various actions against the Rockets and the NBA, including banning broadcasting of games and other commercial cooperation.
It’s been previously reported that the Rockets expect to lose around $25 million in revenue due to the tweet.