The Financial Blow of the Coronavirus on Sports – The New York Times

The Financial Blow of the Coronavirus on Sports – The New York Times

Also, during the lockouts, some teams could make up for lost revenues by scheduling concerts, other sports events and family shows in their arenas. Not this time.

Another issue: Because hockey does not have a large television audience in the U.S., it relies on ticket sales more than the other major sports leagues.

Major League Baseball has been devising multiple models for its schedule, which is delayed until mid-April at the earliest.

The impact will vary from team to team. The Mariners in Seattle, one of the hotbeds of the virus, may have more trouble drawing fans back to its ballpark than teams playing in areas that have fewer cases. And for competitive reasons, it will be difficult to restart the season if some M.L.B. cities still have restrictions on the size of gatherings, as is the case in San Francisco.

Teams that own their own regional sports networks may face a double-hit — no revenue from tickets and little content for their networks, though fees from cable companies may deliver a small cushion to absorb the blow. Other teams that are already losing money could see steeper losses.

As players disperse from spring training, at least for a few weeks, it is possible they won’t get paid. Under the terms of baseball’s uniform player contract, the commissioner can suspend contracts during a national emergency in which games are not played. President Trump declared a national emergency on Friday afternoon.

For now, the N.F.L. has the least pressing problems because the season ended in February. The league canceled its annual meeting at the end of March.

The biggest date looming on the calendar is the draft at the end of April in Las Vegas. The event is supposed to be a coming-out party for the Raiders, who will start playing in Las Vegas instead of Oakland in September. For now, the league has not changed its plans for the draft, which will draw tens of thousands of fans to The Strip. Mark Davis, the owner of the Raiders, told The Dallas Morning News that the league “won’t put anyone in jeopardy over it.”

It’s too early to say what the ultimate impact will be on the A.T.P., W.T.A., the P.G.A. and the L.P.G.A. A lot will depend on whether events can be rescheduled.

The players are all independent contractors, and they stand to lose millions collectively if they can’t compete for prize money. But the charity partners of the PGA Tour may lose the most. Most golf tournaments are owned by nonprofits, who turn their earnings over to local charities. The tournaments raised $204 million for charities last year. Each lost tournament may cost a local charity one of its more significant donations.

Late Thursday night, Todd duBoef, the president of Top Rank Boxing, finally succumbed to the inevitable. He canceled the fight night scheduled for Saturday at Madison Square Garden, headlined by Shakur Stevenson’s defense of his featherweight belt.

He said that he is out the money for airfare and lodging for about 100 people, and certain costs for events like the weigh-in ceremonies. But the real losers here are the fighters, who are only paid when they compete.

This content was originally published here.

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