The NBA’s revenue for the 19-20 season dropped by just 10 percent to $8.3 billion due to the COVID-19 pandemic.
The balance of the finances included an $800 million loss in gate receipts and a $400 million loss in sponsorships and merchandise.
The NBA also believes there was a $200 million “net negative impact” from its splintering of a partnership with China following Daryl Morey’s Tweet supporting Hong Kong a year ago.
The NBA bubble in Orlando recouped $1.5 billion in revenue that would’ve been lost without restarting the season. The bubble cost the league $190 million, which was $10 million more than originally estimated.
The league is projecting a 40 percent loss in overall revenue, or approximately $4 billion, if the 20-21 season advances without fans and accompanying gate-night receipts.