Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Silver: Thanks to fans, NBA slowed financial woes

Written by 
Published in Basketball
Wednesday, 07 July 2021 00:29

PHOENIX -- NBA commissioner Adam Silver said the league's ability to get over a million fans back into attendance during the playoffs has helped it stem financial losses related to the COVID-19 pandemic.

"We did somewhat better than we initially projected," Silver said Tuesday before Game 1 of the NBA Finals. "We don't have the exact numbers yet, but maybe we'll be down roughly a third in revenue, something around there, instead of 40%."

Silver added that while the burden for those losses will be shared by both franchise owners and players, because of the way the league splits up Basketball Related Income (BRI), he was hopeful that "if things continue on track, we could move toward a new season, next year, that looks a lot more like normal" and "we'll have weathered [the pandemic] very well."

As he does every year before the Finals, Silver addressed a host of NBA issues: the future of the play-in tournament; injuries of star players; the league's record on promoting social justice after last season's joint resolution and commitment to do so with the players' association; expansion; whether the Toronto Raptors will return to playing in Canada next season; and progress -- or lack thereof -- in creating more diversity in the NBA coaching and front-office ranks.

Silver said that keeping players on the floor is of paramount importance and that he had "no doubt" this year's condensed schedule, additional health and safety protocols and other challenges contributed to injuries. But, Silver said, "none of it is an exact science. It's something that even pre-COVID, as you all know, we were very focused on at the league."

For example, Silver noted, "resting was up over 100%" this year from the previous year but injuries still went up.

"The issue which we're trying to get to the root of is: 'Does resting work, frankly? Does load management work?'" Silver said. "What's most surprising, as I said, it's not just about injuries up this season; we have seen this upward trend for several years. You would like to believe that with the investment, the level of sophistication, the number of doctors, the amount of analytics we look at, the data that we collect that we couldn't in the old days, that putting the pandemic aside, we would have seen improvements -- and we haven't seen that yet."

Silver added he hoped that teams would come to see their injury and load management strategies in a more communal way, not as proprietary information, because the effect on the entire league was so important.

As for the play-in tournament, which drew huge ratings and improved competition at the end of the regular season but also criticism from stars such as LeBron James and Luka Doncic, Silver said he thought the tournament was here to stay but that the league would consider tweaks to the format.

"Ultimately," Silver said, "although there were critics, not just LeBron but others who weren't in favor of it and maybe some teams who weren't thrilled with it, I think overall it was very positive for the league and the players."

The idea of expansion, which was raised as an idea to generate revenue during the pandemic, seems to have been placed on the backburner, Silver said.

"I know that was reported when revenues were down we were looking more seriously at expansion," Silver said. "It didn't work exactly like that, largely because expansion is a multiyear process. So, it wasn't as if the pandemic came, we're 40% down, we can quickly collect some expansion revenue.

"It's true that we actually had some time while we were initially shut down, and we were meeting more often with our teams, to think a little bit more about it. But it seemed the consensus was certainly during a pandemic that wasn't the right time to expand but that we should continue to consider it."

On the issue of diversity in NBA front offices and coaching staffs, Silver said "obviously we have seen positive developments there in terms of the number of vacancies that are being filled" but that "it was important not to rest on our laurels there."

Read 175 times

Soccer

Juventus lift Coppa Italia for 1st trophy in 3 years

Juventus lift Coppa Italia for 1st trophy in 3 years

Juve's Dusan Vlahovic celebrates his goal against Atalanta early in the Coppa Italia final.Daniele B...

Griezmann hat trick seals UCL spot for Atletico

Griezmann hat trick seals UCL spot for Atletico

Atletico Madrid's Antoine Griezmann scored a hat trick in a 3-0 LaLiga win at Getafe on Wednesday as...

Reports: Bayern trying to convince Tuchel to stay

Reports: Bayern trying to convince Tuchel to stay

EmailPrintOpen Extended ReactionsAfter rejections from various candidates, Bayern Munich are reporte...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

LeBron attends draft combine to watch Bronny

LeBron attends draft combine to watch Bronny

EmailPrintOpen Extended ReactionsCHICAGO -- Bronny James' famous father was on hand Wednesday to wat...

Nets to retire No. 15 jersey of HOF-bound Carter

Nets to retire No. 15 jersey of HOF-bound Carter

EmailPrintOpen Extended ReactionsNEW YORK -- The Brooklyn Nets are retiring the No. 15 jersey of Vin...

Baseball

Astros' Blanco gets 10-game ban for sticky glove

Astros' Blanco gets 10-game ban for sticky glove

EmailPrintOpen Extended ReactionsHouston Astros pitcher Ronel Blanco, who was ejected from Tuesday's...

Reds lefty Lodolo (groin) placed on 15-day IL

Reds lefty Lodolo (groin) placed on 15-day IL

EmailPrintOpen Extended ReactionsThe Cincinnati Reds placed left-hander Nick Lodolo on the 15-day in...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated