Let’s try to make sense of this: I believe NBA has credit facilities totaling ~$4.6B, so I assume this means $650M of it is credit line. And if they're able to raise it to $1.2B (presumably b/c they project it to be fully drawn), it’d bring total to $5.2B.https://t.co/sJnaLpu1bV
— Albert Nahmad (@AlbertNahmad) March 18, 2020
The NBA has been considering numerous contingency plans, which include playing only several more regular-season games and shortening early playoff series from best-of-seven to best-of-five, but everything remains fluid, sources said.
This is going to be a lot longer than they originally hoped.
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