Wow

(03-11-2020 08:39 PM)quo vadis Wrote:  Wow

It started when they canceled the game between the Jazz and Thunder because a Jazz player tested positive.

Now they suspend the season until further notice.

(03-11-2020 08:41 PM)JRsec Wrote:  

(03-11-2020 08:39 PM)quo vadis Wrote:  Wow

It started when they canceled the game between the Jazz and Thunder because a Jazz player tested positive.

Now they suspend the season until further notice.

In the long run, this may allow them to save money. Playing games without fans forces them to give refunds. Suspending the season still allows the fans to attend at a later date, so no refund needed. Obviously, this was the call that should have been made. I think the NCAA tournament may follow suit with simply postponing it.

This is the 1919 Stanley Cup Final all over again. Except a player actually died from Spanish influenza.

Wow!

The H1N1 (Swine Flu) was a hell of a lot worse yet there were no cancellations of games in basketball, football, baseball and soccer.

Two celebrities also contacted COVID-19. Tom Hanks and Rita Wilson contracted it shooting a movie down in Australia.

(03-11-2020 08:53 PM)otown Wrote:  

(03-11-2020 08:41 PM)JRsec Wrote:  

(03-11-2020 08:39 PM)quo vadis Wrote:  Wow

It started when they canceled the game between the Jazz and Thunder because a Jazz player tested positive.

Now they suspend the season until further notice.

In the long run, this may allow them to save money. Playing games without fans forces them to give refunds. Suspending the season still allows the fans to attend at a later date, so no refund needed. Obviously, this was the call that should have been made. I think the NCAA tournament may follow suit with simply postponing it.

Not really. Small markets like Milwaukee are going to be F'ed.

Recall, the NBA already lost hundreds of millions in revenue due to the Morey tweet about China, now this.

Revenue lost is revenue lost. The CBA, salary cap, and luxury tax are based on Total Basketball Revenue, which regular seats (non-suites) are included.

Any loss of revenue will impact the future salary cap and luxury tax. Teams may have to trade players due to less TBR yet still have contracts committed to players. The salary cap for 2020-21 was already going to be lower after China, it will be much lower now after this and lost ticket and TV revenue.


Example: If you signed a guaranteed contract for say a four-year contract $10M/year in 2018 and the team based that contract off of current and future income streams and some streams were cut by the Rockets GM and now by up to 20% of the season getting cut by the virus, the franchise is still on the hook for all your money!

(03-11-2020 09:16 PM)Renandpat Wrote:  

(03-11-2020 08:53 PM)otown Wrote:  

(03-11-2020 08:41 PM)JRsec Wrote:  

(03-11-2020 08:39 PM)quo vadis Wrote:  Wow

It started when they canceled the game between the Jazz and Thunder because a Jazz player tested positive.

Now they suspend the season until further notice.

In the long run, this may allow them to save money. Playing games without fans forces them to give refunds. Suspending the season still allows the fans to attend at a later date, so no refund needed. Obviously, this was the call that should have been made. I think the NCAA tournament may follow suit with simply postponing it.

Not really. Small markets like Milwaukee are going to be F'ed.

Recall, the NBA already lost hundreds of millions in revenue due to the Morey tweet about China, now this.

Revenue lost is revenue lost. The CBA, salary cap, and luxury tax are based on Total Basketball Revenue, which regular seats (non-suites) are included.

Any loss of revenue will impact the future salary cap and luxury tax. Teams may have to trade players due to less TBR yet still have contracts committed to players. The salary cap for 2020-21 was already going to be lower after China, it will be much lower now after this and lost ticket and TV revenue.


Example: If you signed a guaranteed contract for say a four-year contract $10M/year in 2018 and the team based that contract off of current and future income streams and some streams were cut by the Rockets GM and now by up to 20% of the season getting cut by the virus, the franchise is still on the hook for all your money!

Some streams were cut by Chinese Communist totalitarians and then the season was suspended basically due to Chinese Communist totalitarians.

(03-11-2020 09:16 PM)Renandpat Wrote:  Example: If you signed a guaranteed contract for say a four-year contract $10M/year in 2018 and the team based that contract off of current and future income streams and some streams were cut by the Rockets GM and now by up to 20% of the season getting cut by the virus, the franchise is still on the hook for all your money!

Not really, the players work on pure commission. They're guaranteed 50ish percent of revenues and a portion of their salaries are held in escrow until the end of the fiscal year. If the players were paid more than that 50% then the overage amount goes back to the teams (similarly if they aren't paid the full 50% the players get supplemental checks over the summer, that's happened recently). The individual contract values are just a roundabout way to calculate the breakup of the 50%.

Anyway, there's close to zero chance the league and the players association don't work out some sort of adjustment if a major portion of the season (up to and including the rest of it) is cancelled.

(03-11-2020 09:19 PM)bullet Wrote:  

(03-11-2020 09:16 PM)Renandpat Wrote:  

(03-11-2020 08:53 PM)otown Wrote:  

(03-11-2020 08:41 PM)JRsec Wrote:  

(03-11-2020 08:39 PM)quo vadis Wrote:  Wow

It started when they canceled the game between the Jazz and Thunder because a Jazz player tested positive.

Now they suspend the season until further notice.

In the long run, this may allow them to save money. Playing games without fans forces them to give refunds. Suspending the season still allows the fans to attend at a later date, so no refund needed. Obviously, this was the call that should have been made. I think the NCAA tournament may follow suit with simply postponing it.

Not really. Small markets like Milwaukee are going to be F'ed.

Recall, the NBA already lost hundreds of millions in revenue due to the Morey tweet about China, now this.

Revenue lost is revenue lost. The CBA, salary cap, and luxury tax are based on Total Basketball Revenue, which regular seats (non-suites) are included.

Any loss of revenue will impact the future salary cap and luxury tax. Teams may have to trade players due to less TBR yet still have contracts committed to players. The salary cap for 2020-21 was already going to be lower after China, it will be much lower now after this and lost ticket and TV revenue.


Example: If you signed a guaranteed contract for say a four-year contract $10M/year in 2018 and the team based that contract off of current and future income streams and some streams were cut by the Rockets GM and now by up to 20% of the season getting cut by the virus, the franchise is still on the hook for all your money!

Some streams were cut by Chinese Communist totalitarians and then the season was suspended basically due to Chinese Communist totalitarians.

As I wrote, "Revenue lost is revenue lost." Does not matter how it's gone as it still impacts the next year's cap and luxury tax.

Revenue lost via COVID-19 is also revenue lost and it impacts both Total Revenues.

The only way it as the OP wrote, "saves money" is in the immediate term as they don't have to play players, but even a portion (10%) of NBA salaries are in escrow as the Larry Coon NBA CBA Faq says until the revenues are reached.

I am amazed how many Fox News viewers there are here who are in denial.

If this event doesn't wake you up to the fact that you've been fed an alternative reality, I don't know what will.

I'm a lifelong conservative, but I shut off the BS machine in my house almost 7 years ago. It took awhile, but I started to build up a more reliable network of news sources to cross reference. You can do that too, and easily separate out Democratic Party and Republican Party talking points and myths from the real news.

Reality is out there. But way too many of us are plugged into "commentary news," so lose sight of reality.

I get it, commentary based news far outdraws reality news, which is often boring and without a narrative; and it's the narrative commentary news sells. Just remember almost all narratives are fictions.

Unplug from the machine, get back in reality.

(03-11-2020 09:45 PM)Bogg Wrote:  

(03-11-2020 09:16 PM)Renandpat Wrote:  Example: If you signed a guaranteed contract for say a four-year contract $10M/year in 2018 and the team based that contract off of current and future income streams and some streams were cut by the Rockets GM and now by up to 20% of the season getting cut by the virus, the franchise is still on the hook for all your money!

Not really, the players work on pure commission. They're guaranteed 50ish percent of revenues and a portion of their salaries are held in escrow until the end of the fiscal year. If the players were paid more than that 50% then the overage amount goes back to the teams (similarly if they aren't paid the full 50% the players get supplemental checks over the summer, that's happened recently). The individual contract values are just a roundabout way to calculate the breakup of the 50%.

Anyway, there's close to zero chance the league and the players association don't work out some sort of adjustment if a major portion of the season (up to and including the rest of it) is cancelled.

10% is withheld in escrow from the start if revenues are not met.

NBAP is looking for a new President since Michelle Roberts is not working a third term.

But if teams can still practice, as Woj is reporting, then the players still should be paid.

I think the season will end up canceled.

(03-11-2020 08:58 PM)MWC Tex Wrote:  Wow!

The H1N1 (Swine Flu) was a hell of a lot worse yet there were no cancellations of games in basketball, football, baseball and soccer.

That is not correct, at least not according to the head of the National Institute of Allergy and Infectious Diseases (NIAID):

https://www.cnbc.com/2020/03/11/top-fede...he-us.html

Fauci said COVID-19 is at least 10 times “more lethal” than the seasonal flu.
The H1N1 “swine flu” epidemic in 2009 was even less lethal than regular seasonal flu, Fauci said.

(03-11-2020 10:13 PM)SoCalBobcat78 Wrote:  

(03-11-2020 08:58 PM)MWC Tex Wrote:  Wow!

The H1N1 (Swine Flu) was a hell of a lot worse yet there were no cancellations of games in basketball, football, baseball and soccer.

That is not correct, at least not according to the head of the National Institute of Allergy and Infectious Diseases (NIAID):

https://www.cnbc.com/2020/03/11/top-fede...he-us.html

Fauci said COVID-19 is at least 10 times “more lethal” than the seasonal flu.
The H1N1 “swine flu” epidemic in 2009 was even less lethal than regular seasonal flu, Fauci said.

"10 times more" can be misleading. E.g. if i have 1 powerball ticket and you have 10 with different numbers, you are 10x more likely to win, but you're still not winning.

(03-11-2020 10:16 PM)quo vadis Wrote:  

(03-11-2020 10:13 PM)SoCalBobcat78 Wrote:  

(03-11-2020 08:58 PM)MWC Tex Wrote:  Wow!

The H1N1 (Swine Flu) was a hell of a lot worse yet there were no cancellations of games in basketball, football, baseball and soccer.

That is not correct, at least not according to the head of the National Institute of Allergy and Infectious Diseases (NIAID):

https://www.cnbc.com/2020/03/11/top-fede...he-us.html

Fauci said COVID-19 is at least 10 times “more lethal” than the seasonal flu.
The H1N1 “swine flu” epidemic in 2009 was even less lethal than regular seasonal flu, Fauci said.

"10 times more" can be misleading. E.g. if i have 1 powerball ticket and you have 10 with different numbers, you are 10x more likely to win, but you're still not winning.

I don’t get the lottery analogy, but if a leading health expert says it “is at least ten times more lethal,” it is not something I want to get.

(03-11-2020 10:08 PM)Renandpat Wrote:  10% is withheld in escrow from the start if revenues are not met.

Yup, and if you're looking at something like next year's salary cap dropping significantly then something's going to get figured out. Neither the league nor the players union wants a scenario where the players are potentially responsible for cutting a check back to the teams from wages paid months prior.

(03-11-2020 10:37 PM)Bogg Wrote:  

(03-11-2020 10:08 PM)Renandpat Wrote:  10% is withheld in escrow from the start if revenues are not met.

Yup, and if you're looking at something like next year's salary cap dropping significantly then something's going to get figured out. Neither the league nor the players union wants a scenario where the players are potentially responsible for cutting a check back to the teams from wages paid months prior.

NBA sets the cap basically 48 hours before their next fiscal year thus is before July 1.

https://www.nba.com/article/2019/06/29/n...14-million

It's is gonna be hard to dial back income as well as contributions to the NBAP pension/retirement health plan as those guys got lifetime healthcare in 2016.

The NBA just suspended the G-League season as well.

https://twitter.com/ShamsCharania/status...5896778753

You fools who are looking at the CBA and thinking next year must happen do not really get the seriousness of the situation. Social Distancing is going to be the policy of most States regardless of what our idiot in the White House says.

NHL is having a meeting tomorrow, they may postpone too. No! espn gonna be the 24/7 corona virus contracted by players, tracker. If NHL shuts down, NCAA probably will, or will anyway.