Report: NBA fell $1.5 billion short of revenue projection

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The NBA, which suffered a shortened season like many professional leagues amid the COVID-19 pandemic, made $1.5 billion less than it projected last season due to the pandemic and other factors, according to an Associated Press report.

The league shut down March 11, then returned to finish a shortened season at the ESPN Wide World of Sports Complex near Orlando as the Los Angeles Lakers lifted the trophy after a 10-year wait.

That restricted access, which was run at an estimated cost of $200 million, was one of the factors that hit the NBA's bottom line.

The lack of attendance for games as well as the loss of regular-season games all played their part in the financial shrinking.

The league's Board of Governors is currently meeting to discuss the start date for the 2020-2021 season, potential fan attendance and possibly a shortened schedule, with a push to start the new season by Christmas apparently gaining momentum.

The Athletic reported Friday that the NBA is targeting a December 22 start date and a 72-game regular season that would finish before the start of the 2021 Summer Olympics, which have been pushed back and are set to begin on July 23 in Tokyo.

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