Well the NBA was not like the NFL. Smart enough to know that a lockout in regular season would have been a disaster of major proportions. What people do not realize is that the NBA however will have a huge impact on the sporting industry and the overall American economy if the lockout looms all year.
According to Plunkett Research®, Ltd. At this web page: Http://www.plunkettresearch.com/sports%20recreation%20leisure%20market%20research/industry%20statistics
The NBA is a 4.1 Billion Dollar sports industry, and the NBA has 30 teams with a 82 regular season.
This does not include the playoffs or championship games as well.
Today with the NBA announcing that even more games will be cancelled after the NBPA rejected the owners latest deal, the league has officially taken a turn for the absolute worst, as possibly more games and the entire 2011-12 season could be ultimately cancelled.
The players and owners are losing money, but nobody seems to recognize the thousands upon thousands of stadium workers that make a living from October to May earning minimum wage serving the 20,000 fans that attend the 82 games and the postseason games following.
Economists: $200M Lost In Local Revenue If NBA Lockout Persist in Miami. An entire NBA season would also mean the loss of an estimated $4.5 million in local revenue. That’s what Memphis City Council members were told today.
THIS COULD MEAN GOOD NEWS FOR THE AMERICAN BASKETBALL ASSOCATION AND COLLEGE HOOPS HOWEVER.
Teams in other leagues might benefit in fans and TV time as the NBA is disbanded this year such as the American basketball League who hosts a team here in Jacksonville called the Jacksonville Giants.
The Giants are a team in the ABA a minor basketball league that is struggling and may get a boost from the lack of the NBA.
More basketball fans may find college hoops this year also and colleges may find more TV time.
However the NBA lockout is going to cuase some serious issues for many people!