Due to the absence of NBA games and the loss of revenue that comes with it, the NBA is planning to increase its credit line to $1.2 Billion, almost doubling their previous one of $650 Million, according to Adrian Wojnarowski from ESPN.
The NBA discussed the plan on a call with the Board of Governors on Tuesday, sources said. For the NBA, this would allow the league to increase cash flow through what’s expected to be an extended shutdown of the season. https://t.co/1Q47bze0RD
— Adrian Wojnarowski (@wojespn) March 18, 2020
The decision came during a meeting with the Board of Governors on Tuesday with the intention to increase the cash flow around the league during the extended period of time in which the season is suspended due to the coronavirus situation.
It’s been barely a week since the decision was made and the virus started spreading amongst the players in the league. As of now, there’s no certainty to when the season will return but the executives around the league are aiming for mid-June, as the earliest, and the league is consulting for the availability of the arenas in the month of August.
