NBA arena owners could lose $1B if no season
NBA arena operators may lose as much as $1 billion in ticket revenue if the current lockout wipes out the entire 2011-12 season.
Teams generated $1.1 billion in ticket revenues last season, and that number will likely increase in 2011-12.
Arena owners have procured 41 dates for regular season games – as well as both preseason and postseason contests.
“Most all the dates would go unfilled,” former Portland Trail Blazers president Steve Patterson told Bloomberg in an e-mail.