NBA will lose hundreds of millions of dollars due to rift with China, commissioner says

NBA Commissioner Adam Silver spoke to reporters before the 2020 NBA All-Star festivities on Saturday where he confirmed the league will suffer "substantial" losses following a rift with China last October.

Silver said the NBA could stand to lose up to $400 million as its Chinese business partners cut ties with the league following social media comments made by Houston Rockets GM Daryl Morey last October in support of Hong Kong protesters. The NBA publicly supported Morey's right to free speech in America, and though Morey did apologize for his tweet and has kept a low profile since, the financial impact remains.

Silver added: "I think part has to do with what happens over the remainder of this season. So much of the value of NBA broadcast, for example, are back-loaded in the playoffs. So, we don't quite know yet where that will come out."

...yawn...

😀

Everyone in the NBA going to loose a little money 💰 stop crying 😢 All of you already millionaires

What’s more important, human rights or profits?

Who gives a damn

Fck China. They’re not our friends and their behavior recently shows their true colors.

Just have the top 5 paid players play for free for a season. All is well.

PrinciplesOverProfits I think the NBA will be okay from what it makes off the rest of the world. AllMoneyAintGoodMoney

Oh no! So that means they will only have hundreds of billions in their bank! This is a travesty!

Good

Somehow, I just don't care!

Just dunk on them DunkContest

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