Hoopsword: Watching the stock market bounce up and down over recent weeks (mostly down), the nation’s economy is big concern to just about everyone in the United States. Recently the NBA announced that they will be laying off about 80 workers or 9% of its American workforce.
In September, the Charlotte Bobcats
cut about 35 employees from their non-basketball operations departments.
Some teams have felt the crunch at the box office with reduced season ticket renewals. Preseason ticket sales have not been overwhelming.
Some teams, like the Los Angeles Lakers have survived the early stages of economic downturn with a 99% season ticket renewal rate. At this point it’s too early to tell how severely the NBA will feel the impact of the flagging economy.
For the fantasy GM, it’s important to note is that the player salaries are directly tied to how much money the league takes in – specifically Basketball Related Income (BRI).