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Thursday, August 25th, 2011 at 9:15 am  |  6 responses

NBA Lockout to Cost Arena Operators Over $1 Billion?


According to Bloomberg, should all of next season get wiped out by the lockout, NBA arena operators could see enormous financial losses: “National Basketball Association arena operators would miss out on more than $1 billion in ticket revenue if a labor shutdown wipes out the 2011-12 season, probably leaving their buildings dark those nights. ‘Most all the dates would go unfilled,’ former Portland Trail Blazers President Steve Patterson wrote in an e-mail. The NBA’s 30 teams generated more than $1.1 billion in gate receipts during the 2010-11 campaign, according to the annual postseason audit conducted by the league and the players’ union. That probably would rise due to customary ticket-price increases if players and owners reach a labor agreement in time to prevent lost games this season.”

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  • Fred

    Stop the greed fellas! Let’s play some ball…

  • http://cnbc.com JTaylor21

    Cry me a river. I really don’t care anymore, all this lockout BS is getting on my nerves. When does college basketball start?

  • http://www.slamonline.com UNFROZEN CAVEMAN LAWYER

    I LIKE HOW TICKET PRICES GO UP EVERY YEAR. 1.1 BILLION JUST FROM GATES. HOW MUCH WERE PLAYER SALARIES??

  • CubicleWorker

    $2.17B, by the way that’s just revenue, they still have the lease on the buildings, arena staff etc that comes off of that. But these guys will be alright, if you own an arena… you’ll be alright.

  • http://www.opposingviews.com/i/nba-breakdown-cba-talk-revenue-sharing-salary-caps-and-lockouts Allenp

    It’s a shame what the owners did to these people. Lol.

  • bike

    I can’t wait for the Kris and Kim Humphries reality show! Hear they are gonna call it “Lockout Love with the Humphries”. It’s gonna be way awesome!!

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