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- The NBA season has been delayed since of the coronavirus pandemic
- NBC News’ Kurt Helin reports that the NBA could lose out on nearly $500 million in ticket profits if the whole season and playoffs are cancelled.
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Kevin Love of the Cleveland Cavaliers and the Detroit Pistons’ Blake Griffin have actually also each donated $100,000 to affected arena employees. Mark Cuban and Tony Ressler, who own the Dallas Mavericks and Atlanta Hawks respectively, announced that they would be taking care of their workers, in addition to Washington Wizard’s owner Ted Leonsis
But as of March 13, only about half of the NBA groups had announced they would help compensate workers for lost wages, The New York Times reports.
Here’s a list of 9 billionaire NBA team owners who stand to lose money if the season is canceled outright– and whether they or the groups they own have actually accepted spend for affected employees’ lost earnings.
Charles Dolan and family
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Net worth: $ 4.7 billion
Owns: New York Knicks
Forbes estimates that the New York Knicks is the most valuable NBA group, with an evaluation of $4.6 billion. For the 2018-2019 season, the Knicks brought in $132 million worth of gate invoices and ticket sales.
Daniel Gilbert
Jason Miller/Getty Images.
Net worth: $ 6.2 billion
Owns: Cleveland Cavaliers
According to Forbes, the Cleveland Cavaliers group is worth $1. For the 2018-2019 season, the Cavaliers saw $69 million in income from gate invoices and ticket sales.
The team announced that they would be compensating all of their hourly staff employees as if the video games and occasions were still taking place.
Steve Ballmer
Company Expert.
Net worth: $536 billion
Owns: Los Angeles Clippers
According to Forbes, the LA Clippers group is worth $2.6 billion, making it one of the most important in the league.
The Clippers have actually teamed up with the Lakers, and the NHL’s LA Kings to develop a fund to help compensate part-time and contract employees affected by the shutdown.
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