5 ms·

I wonder if they'll receive some type of financial consideration given the loss in revenue. They aren't as good this year as in previous years but it looks like

I wonder if they'll receive some type of financial consideration given the loss in revenue. They aren't as good this year as in previous years but it looks like there are at least 1,000 spectators at the games most nights.

wtvanhest 7y ago
I actually wonder whether they will consider selling 500 very expensive tickets.
jerf 7y ago
Nobody is going to be able to afford to compensate people for everything that's going to happen. Even insurance won't be able to, which is why they have the "Act of God" clauses, which I'm sure are already getting stretched and warmed up now and will be running many ultra-marathons in the months to come.
- munk-a 7y ago
  I mean, in theory, this would be a really good reason to go into deficit spending - this was unforeseeable, unnatural and preventing long term economic damage is in all of our interests - in actuality the US is too big to sanely manage such compensations and, given the current uncollectability and extreme size of the US deficit we probably don't want to try and draw any attention to it during a national crisis. All those economic stimuluses that got dumped into stock buy backs came out of the fund that should be there to cover our asses right now.
  - freehunter 7y ago
    Yup, that’s why many economists have been saying that during a good economy like we’ve had for the past ten years, we should have used the opportunity to rebuild the economic tools we rely on in case of an emergency. Instead we cut taxes and cut interest rates, so now there’s no room in the economy to recover this time. It could end up being nothing... or it could end up being the worst economic crisis we’ve ever seen. And if it’s the latter, we have no way to defend against it. The coffers are empty.
    - munk-a 7y ago
      In fact, a lot of sane and balanced economists are saying that, while the corona virus certainly incited the latest market downturn, that downturn is going to continue since the market has been highly over-valued recently. So yea, I am concerned and not putting anything into the market right now.
arthurgibson 7y ago
A little more clarifying, but theres at least 18,000~ fans per Warriors home game, lots of money to be lost ($140~/fan). - http://www.espn.com/nba/attendance http://www.espn.com/nba/attendance https://www.forbes.com/sites/kristidosh/2018/09/30/measuring-the-cost-of-being-a-sports-fan/#3458ec6d5e54 https://www.forbes.com/sites/kristidosh/2018/09/30/measuring...
saghm 7y ago
Not sure about the NBA, but in the MLB, the league enforces a certain amount of revenue sharing between teams as an attempt to even things out: https://www.baseball-reference.com/bullpen/Revenue_sharing https://www.baseball-reference.com/bullpen/Revenue_sharing Of course, this doesn't do much to equalize the budgets of the teams, which tend to be influenced more by how just how many billions of dollars the owner(s) have.

wtvanhest 7y ago

I actually wonder whether they will consider selling 500 very expensive tickets.

jerf 7y ago

Nobody is going to be able to afford to compensate people for everything that's going to happen. Even insurance won't be able to, which is why they have the "Act of God" clauses, which I'm sure are already getting stretched and warmed up now and will be running many ultra-marathons in the months to come.

munk-a 7y ago
I mean, in theory, this would be a really good reason to go into deficit spending - this was unforeseeable, unnatural and preventing long term economic damage is in all of our interests - in actuality the US is too big to sanely manage such compensations and, given the current uncollectability and extreme size of the US deficit we probably don't want to try and draw any attention to it during a national crisis. All those economic stimuluses that got dumped into stock buy backs came out of the fund that should be there to cover our asses right now.
- freehunter 7y ago
  Yup, that’s why many economists have been saying that during a good economy like we’ve had for the past ten years, we should have used the opportunity to rebuild the economic tools we rely on in case of an emergency. Instead we cut taxes and cut interest rates, so now there’s no room in the economy to recover this time. It could end up being nothing... or it could end up being the worst economic crisis we’ve ever seen. And if it’s the latter, we have no way to defend against it. The coffers are empty.
  - munk-a 7y ago
    In fact, a lot of sane and balanced economists are saying that, while the corona virus certainly incited the latest market downturn, that downturn is going to continue since the market has been highly over-valued recently. So yea, I am concerned and not putting anything into the market right now.

arthurgibson 7y ago

A little more clarifying, but theres at least 18,000~ fans per Warriors home game, lots of money to be lost ($140~/fan). - http://www.espn.com/nba/attendance http://www.espn.com/nba/attendance https://www.forbes.com/sites/kristidosh/2018/09/30/measuring-the-cost-of-being-a-sports-fan/#3458ec6d5e54 https://www.forbes.com/sites/kristidosh/2018/09/30/measuring...

saghm 7y ago

Not sure about the NBA, but in the MLB, the league enforces a certain amount of revenue sharing between teams as an attempt to even things out: https://www.baseball-reference.com/bullpen/Revenue_sharing https://www.baseball-reference.com/bullpen/Revenue_sharing Of course, this doesn't do much to equalize the budgets of the teams, which tend to be influenced more by how just how many billions of dollars the owner(s) have.