NBA Commissioner Adam Silver said the league could suffer financial losses of $400 million or less after a dispute with China following an executive's Twitter post last October.
NBA Commissioner Adam Silver spoke to reporters before the 2020 NBA All-Star festivities on Saturday where he confirmed the league will suffer "substantial" losses following a rift with China last October.
Silver said the NBA could stand to lose up to $400 million as its Chinese business partners cut ties with the league following social media comments made by Houston Rockets GM Daryl Morey last October in support of Hong Kong protesters. The NBA publicly supported Morey's right to free speech in America, and though Morey did apologize for his tweet and has kept a low profile since, the financial impact remains.
Silver added: "I think part has to do with what happens over the remainder of this season. So much of the value of NBA broadcast, for example, are back-loaded in the playoffs. So, we don't quite know yet where that will come out."
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