South Florida $200 million;
Portland $59 mil
OKC $60 Mil
San Antonio $90 Mil

This is Big money to the smaller cities. I wonder what the effect is for New York and LA? Where's Mayor Bloomberg? How many workers in the NY metro area are out of work due to the lockout? I would be for a Federal Gov't intervention to get the season started. Perhaps binding arbitration?

LeBron James might disappear in the fourth quarter of playoff games, but should the NBA regular season vanish, a big chunk of the South Florida economy may go up in smoke.

Economists tell CBS Miami that South Florida may suffer $200 million in losses if there is no pro basketball this year. Need an example of the shortfall? CBS reports parking near the American Airlines Arena is now going for three bucks.

And the lockout will do major damage to other cities, too.

In Cleveland, WOIO reports up to 35 percent of downtown restaurants' annual revenue comes from NBA games.

Portland says no Blazers games translates to a $59 million hit, Oklahoma City claims it will lose $60 million if Kevin Durant doesn't play, and Tony Parker's Spurs are worth an astonishing $90 million to the businesses of San Antonio.

Though Miami will feel it the worst, some feel the whole reason for the lockout itself is the Heat's ability to add James and Chris Bosh last year during free agency. Small market owners want to make sure that never happens again.

Of course, it's not just local cities that will need a major league stimulus plan. Bloomberg reports that Tuesday is the day pro basketball players were supposed to get their first paychecks of the 2011-12 NBA season. With the games on hold, the NBA's players are missing out on an average game check of $425,000 per player.

As a whole, the National Basketball Association has an annual revenue of about $4.3 billion, with more than $1.1 billion of that figure coming in the form of gate receipts during last season.

http://www.thepostgame.com/blog/dish/201111/south-floridas-eye-popping-economic-hoops-losses

it is not coincidence that the big market teams want a deal and the midwestern/southern owners want to perpetuate the lockout.

If Obama had any guts he would order the league and players to start playing. Order binding arbitration. Something. The 2 sides are very close if they really wanted a season.

Where are the jobs that the President promised. And Congress as well. There are thousands and thousands of people associated with the NBA season and wanting to go back to work. Instead of just spewing a lot of hot air and rhetoric, do something.

Using this article's numbers, I'll guestimate that on average $90 to $100 million is being lost by each of the 30 NBA cities. This comes to $3 Billion total. That's huge. Lost! And all because the 2 sides can't agree on some structural points. They've agreed on a 50 - 50 split which was the largest hurdle to overcome. This is ridiculous and it is time the politicians earned their salaries and stepped in and solved this impass.

Markji wrote:I agree. The small owners have not wanted a season. Period. For political reasons. For financial reason. Because their team stinks reasons. Because most of their players are playing overseas reasons (That's you Denver).

If Obama had any guts he would order the league and players to start playing. Order binding arbitration. Something. The 2 sides are very close if they really wanted a season.

Where are the jobs that the President promised. And Congress as well. There are thousands and thousands of people associated with the NBA season and wanting to go back to work. Instead of just spewing a lot of hot air and rhetoric, do something.

WOW, talk about living in Bizarro World. So, this is a matter that the President of the United States should involve himself in.

DurzoBlint wrote:

Markji wrote:I agree. The small owners have not wanted a season. Period. For political reasons. For financial reason. Because their team stinks reasons. Because most of their players are playing overseas reasons (That's you Denver).

If Obama had any guts he would order the league and players to start playing. Order binding arbitration. Something. The 2 sides are very close if they really wanted a season.

Where are the jobs that the President promised. And Congress as well. There are thousands and thousands of people associated with the NBA season and wanting to go back to work. Instead of just spewing a lot of hot air and rhetoric, do something.

WOW, talk about living in Bizarro World. So, this is a matter that the President of the United States should involve himself in.

Or someone can do something about it. Someone with power and those are the politicians. Or is it just rhetoric that they want to get people back to work?

My only comment about my "Bizarro World" is what have YOU done lately to help correct some of the major problems in this country.
(P.S. - I did vote for Obama.)

smackeddog wrote:

Nalod wrote:
Lost?

More like redistributed.

Its not lost, its spend in other places or is still sitting in peoples accounts.

I'd never actually thought of that before, but you're absolutely right. There's an interesting article over on hoopsworld about this issue, and it makes the very good point that if the money is simply redistributed to other things, then why did politicians give money to fund arena's? I think they got conned. What amazes me is why only Memphis are taking legal action vs the owner- if some of the other states took action then they might pressure the owners a bit more into ending the lockout.

If the owners pay the rent, or its in their lease that they don't have to pay if there is a work stoppage then waddaya gonna do?

Owners in many cases have in part contributed to the arena cost.

Basically what is politition gonna do? National security is not at risk, materials are not at risk, power is not at risk, telecommunications not at risk either. NBA is a discretionary expenditure for entertainment.

Markji wrote:

DurzoBlint wrote:

Markji wrote:I agree. The small owners have not wanted a season. Period. For political reasons. For financial reason. Because their team stinks reasons. Because most of their players are playing overseas reasons (That's you Denver).

If Obama had any guts he would order the league and players to start playing. Order binding arbitration. Something. The 2 sides are very close if they really wanted a season.

Where are the jobs that the President promised. And Congress as well. There are thousands and thousands of people associated with the NBA season and wanting to go back to work. Instead of just spewing a lot of hot air and rhetoric, do something.

WOW, talk about living in Bizarro World. So, this is a matter that the President of the United States should involve himself in.

Why shouldn't politicians get involved? If it is costing the NBA cities nearly $3 billion. What else are they doing. Campaigning and rhetoric? They are supposed to be creating jobs. That is a top priority in the economic recovery plans, probably of both parties. Well, thousands of people are losing jobs due to the lockout. Should we just feel sorry for them. We can go on forums and write what a shame it is that they are losing their income and/or jobs.

Or someone can do something about it. Someone with power and those are the politicians. Or is it just rhetoric that they want to get people back to work?

My only comment about my "Bizarro World" is what have YOU done lately to help correct some of the major problems in this country.
(P.S. - I did vote for Obama.)

got no problem with politicians in general but you were calling out the President to do something. No need to use a bazooka when a gun will do. This is not about creating job...those jobs will still be there and those rooks waiting in the wings will be duly employed so your argument for him to get involved in flawed.