Local Economies

Sporting events bring in the largest amount of revenue open to the public. Majority of the revenue is predetermined and is "already spent" money. According to Oklahoma City Chamber of Commerce, every OKC game brings in $1.3 million directly into the local economy. Without these large amounts of money being poured into the economy, local businesses and stores would be forced to closed and the chains and corporations would take over, helping the national economy, but worsening the local economy of that town.


http://www.best-basketball-tips.com/list-of-nba-teams.html

"The NBA Lockout and the Economy: An Overstated Impact." TIME.com. Web. 10 May 2012. <http://moneyland.time.com/2011/11/07/the-nba-lockout-and-the-economy-an-overstated-impact/>.

Lockout Salary Effects

NBA owners will lose $1 million on average for every game canceled because of the lockout, and players will lose an estimated $350 million a month. Bars, restaurants and hotels don't have the public appeal that the clubs do, people wont know the suffers of local places. Also, the workers who help make basketball a big event in 30 cities will wonder how long they can get by without it.
http://www.businessinsider.com/category/nba-lockout

"Players, Owners Not Only Ones to Feel Economic Effects of NBA Lockout." Dallas-Fort Worth News, Sports, Entertainment, Weather and Traffic. Web. 10 May 2012. <http://www.dallasnews.com/sports/dallas-mavericks/headlines/20111012-players-owners-not-only-ones-to-feel-economic-effects-of-nba-lockout.ece>.

Charlotte

Hickory Tavern has made a reputation for being one of Charlotte's best known sports bars. "We are the home town bar," said Thom Perez. "As a matter of fact we were recently runner up in ESPN's best sports bar in North America competition." "They tip you good because they're here for four hours at a time, they're good. They bring in good business," said server Brandi Stegall, whose salary depends on fans' tips. People live their lives off of the spectators of the sports, for those people it is vital that the sports be in session.


http://www.carolinaclubs.org/main.asp?id=39

 

"NBA Lockout Will Be an Economic Air Ball for Other Sports." DailyFinance.com. Web. 10 May 2012. <http://www.dailyfinance.com/2011/11/16/nba-lockout-will-be-an-economic-air-ball-for-other-sports/>.

College Events

All of the venues in which the pro teams play, are not soley for the NBA. The variety of events is limitless, but one of the more intriguing to the basketball fan, would be to go watch college basketball in that specific venue for a cheap price. Even though it seems the revenue would be miniscual, all of the money from tickets goes to the venue and that means profit. This is a good coping way to avoid the eceonmy and its harm.


http://johnnyjungle.com/columns/over-the-airwaves/garden-to-jungle/

"NBA Lockout Will Be an Economic Air Ball for Other Sports." DailyFinance.com. Web. 10 May 2012. <http://www.dailyfinance.com/2011/11/16/nba-lockout-will-be-an-economic-air-ball-for-other-sports/>.

Layoffs in the NBA

 The layoffs, which represent about 11% of the NBA office, won't be re-filled when the lockout ends. The league said it lost nearly $350 million in 2009-10 and nearly $300 million last season. The league also closed its Paris office, which opened in 1997 as the NBA's first European headquarters, and its Tokyo office. Those in Paris who were not laid off will work in the London office and those still with the NBA in Tokyo will work in the Hong Kong office.



www.rancornews.com

Zillgitt, Jeff. "NBA: Layoffs Saving $50 Million Are Not Lockout-related." USA Today. Gannett. Web. 10 May 2012. <http://www.usatoday.com/sports/basketball/nba/2011-07-14-lockout-stern_n.htm>.

Los Angeles

 With the Lakers losing in the earlier stages of the playoffs in 2011 it cost the Los Angeles economy $70 million. In the shadow of Staples Center, restaurants and bars are empty, taxis are idle, and parking attendants have little to do.  Overall, those effected in the L.A. economy will be the small business owners that rely on the big name brand and appeal of the Los Angeles Lakers to gain a wage and support itself. The Lakers provide for almost the entire Los Angeles economy, due to their appeal.



http://en.wikipedia.org/wiki/Los_Angeles_Lakers

"NBA Lockout Has Major Impact on Local Economies." Lakers Nation. Web. 09 May 2012. <http://www.lakersnation.com/nba-lockout-has-major-impact-on-local-economies/2011/11/15/>.

Crown Burgers

When the Utah Jazz play a home game, Mike Katsanevas, owner of Crown Burgers restaurant in Salt Lake City, knows it’s going to be a busy night. “From 5:00 p.m. to about 6:45, we get a major rush”, Katsanevas said, "we live for basketball season". The majority of the revenue that Crown Burgers brings in is related to the NBA and with a lockout the restaraunt would lose countless customers.


http://www.crown-burgers.com/

McCord, Kieth. "NBA Lockout Would Have Economic Impact on Salt Lake City Businesses | Ksl.com." NBA Lockout Would Have Economic Impact on Salt Lake City Businesses | Ksl.com. Web. 09 May 2012. <http://www.ksl.com/?sid=17456921>.