The NBA is taking measures to mitigate its losses due to the season suspension amid the coronavirus outbreak. According to ESNP’s Adrian Wojnarowski, the league is planning to raise its credit line by $550 million, making it $1.2 billion in total.
The money will be used to cover NBA’s losses that are caused by the season shutdown. The league and its teams are evaluating the situation.
The NBA will likely provide financial projections on three primary scenarios: shutting down the season, restarting with no fans in arenas and playing playoff games with fans. Those losses will be reflected in next year’s salary cap and the players’ share of Basketball Related Income.
Adrian Wojnarowski
