NBA fears a January season start could cost up to $1B in revenue

NBA and NBPA have agreed to extend the CBA termination deadline to November 6th.

The NBA fears that starting the league in January instead of December could cost the league between $500 million and $1 billion in revenue, sources told Adrian Wojnarowski of ESPN.

The financial consequences would result in a steep drop in salaries. There remains “significant gaps” between the NBA and NBPA on how to account for financial losses for last season and steeper projected declines for next season.

Meanwhile, both sides have agreed to push back the deadline of potentially terminating the CBA until next Friday, November 6.