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- 9 billionaire team owners affected by the NBA coronavirus shutdown - and how they're helping lower-level employees deal with the fallout
9 billionaire team owners affected by the NBA coronavirus shutdown - and how they're helping lower-level employees deal with the fallout
Tony Ressler
Mark Cuban
Net worth: $4.3 billion
Owns: Dallas Mavericks
Forbes estimates that the Dallas Mavericks has a valuation of $2.4 billion. For the 2018-2019 season, the Mavericks brought in $52 million in gate receipts and ticket sales.
Cuban announced he has started a "plan" to help out Maverick employees, in addition to donating to help workers in need of childcare.
Charles Dolan and family
Net worth: $4.7 billion
Owns: New York Knicks
Forbes estimates that the New York Knicks is the most valuable NBA team, with a valuation of $4.6 billion. For the 2018-2019 season, the Knicks brought in $132 million worth of gate receipts and ticket sales.
Dolan and his family have not publicly announced whether they are taking measures to support employees amid the league postponement.
Micky Arison
Net worth: $5.4 billion
Owns: Miami Heat
According to Forbes, the Miami Heat is worth $1.95 billion. For the 2018-2019 season, the Heat had $70 million in gate receipts and ticket sales.
The Heat will pay their food and beverage service partners, security, housekeeping, and part-time arena staffers. The Arison family will also donated $1 million to help part-time workers.
Tom Gores
Net worth: $5.7 billion
Owns: Detroit Pistons
Forbes estimates that the Detroit Pistons team is worth about $1.45 billion. For the 2018-2019 season, the Pistons had $47 million in gate receipts and ticket sales.
Though Pistons player Blake Griffin will be donating $100,00, there's no information available about whether Gores himself plans to personally donate to help part-time workers.
Daniel Gilbert
Net worth: $6.2 billion
Owns: Cleveland Cavaliers
According to Forbes, the Cleveland Cavaliers team is worth $1.51 billion. For the 2018-2019 season, the Cavaliers saw $69 million in revenue from gate receipts and ticket sales.
The team announced that they would be compensating all of their hourly staff workers as if the games and events were still taking place. This came following the announcement that Cavaliers player Kevin Love will be donating $100,000 to event staff.
Robert Pera
Net worth: $7.2 billion
Owns: Memphis Grizzlies
According to Forbes, the Memphis Grizzlies is worth $1.3 billion. For the 2017-2018 season, the Grizzlies had $22 million worth of gate receipts and ticket sales.
The Grizzlies and Robert Pera will be compensating all "game night employees" for the games that will be missed through the end of the year.
Stanley Kroenke
Net worth: $10 billion
Owns: Los Angeles Rams, Colorado Avalanche, Denver Nuggets, Colorado Rapids, Arsenal
According to Forbes, the Denver Nuggets is worth $1.6 billion. For the 2018-2019 season, the Nuggets had $47 million worth of gate receipts/ticket sales.
It's unclear whether, or how, Kroenke and the teams he owns will be compensating workers during the postponement.
Steve Ballmer
Net worth: $53.6 billion
Owns: Los Angeles Clippers
According to Forbes, the LA Clippers team is worth $2.6 billion, making it one of the most valuable in the league. For the 2018-2019 season, the Clippers brought in $64 million worth of gate receipts and ticket sales.
The Clippers have teamed up with the Lakers, and the NHL's LA Kings to create a fund to help compensate part-time and contract workers affected by the shutdown.
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