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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

Dominic-Madori Davis   

9 billionaire team owners affected by the NBA coronavirus shutdown - and how they're helping lower-level employees deal with the fallout
Sports2 min read
Team owner Mark Cuban of the Dallas Mavericks from behind the team bench reacts to the officiating against the Golden State Warriors during an NBA basketball game

Billionaires are getting hit hard as the coronavirus wreaks havoc on businesses and markets across the globe. On March 14, NBC News' Kurt Helin reported that the NBA could lose out on nearly $500 million in ticket revenue if the entire season and playoffs are completely cancelled.

Despite the grim outlook, some NBA players have taken it upon themselves to help out the arena workers and other employees who are being impacted by the postponed season. Nineteen-year old Zion Williamson of the New Orleans Pelicans, for one, offered to pay the lost wages for those who work at the Smoothie King Arena, where the Pelicans play.

Kevin Love of the Cleveland Cavaliers and the Detroit Pistons' Blake Griffin have also each donated $100,000 to affected arena workers. Steph Curry similarly started a fundraiser to help fight hunger amid the coronavirus.

While a number of players have come together to help affected employees, relatively few team owners have done the same. Mark Cuban and Tony Ressler, who own the Dallas Mavericks and Atlanta Hawks respectively, announced that they would be taking care of their employees, in addition to Washington Wizard's owner Ted Leonsis.

But as of March 13, only about half of the NBA teams had announced they would help compensate workers for lost wages, The New York Times reports.

Here's a list of nine billionaire NBA team owners who stand to lose money if the season is canceled outright - and whether or not they or the teams they own have agreed to pay for affected workers' lost wages.


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