How long will the NBA suspension last? NBA lockout costs more than $1 billion

The new coronavirus is spreading around the world and is constantly escalating. According to foreign media reports, after a Jazz player was diagnosed with the new coronavirus, the NBA officially announced the suspension of the NBA and the resumption date is to be determined. In European football, professional football players in Italy and Germany have also been diagnosed with COVID-19. At present, many national leagues including Serie A, Bundesliga, La Liga, Ligue 1 and others have announced that some games will be postponed or played in empty stadiums. So, what impact will the NBA suspension have? How much loss will the NBA suffer?

NBA lockout costs more than $1 billion

On March 12, the NBA officially confirmed that all remaining games of the 2019-20 season were suspended, the #NBASuspension# league entered a shutdown, and box office losses will be at least $500 million. Currently, each NBA team has about nine home games left, and the total ticket revenue of all 30 teams will exceed $500 million. At the same time, the NBA's television broadcasting agreement will also be hit.
How long will the NBA suspension last? When will the rematch begin?
The suspension of the regular season will last at least two weeks to allow all affected players to spend the quarantine period and hopefully remain free of infection.
In fact, the suspension period of the game may be longer, and the specific resumption time will be notified separately.
In contrast to the outbreak in China, the Chinese Basketball Association suspended all games at the end of January. They plan to restart the competition in early April, which is a suspension period of nearly 10 weeks.
Due to the outbreak of the epidemic, the foreign sports industry has suffered a major impact. What is the situation of the Chinese sports market?

Some sports and fitness venues in Beijing continue to be closed. According to the Beijing Municipal Sports Bureau, in order to do a good job in the prevention and control of the new coronavirus pneumonia epidemic, the suspension measures will continue to be implemented for various local swimming venues, sports and fitness venues opened in enclosed places such as underground spaces, other fitness venues that do not meet the requirements of epidemic prevention and control, and sports and fitness venues that need to be closed in accordance with local epidemic prevention and control requirements. Public sports and fitness venues are not allowed to hold mass sports activities and events with a large number of people.