So we’ve all been missing the NBA. Most of us casual fans would like to see them play at some point this season. But this quasi-op-ed is more about those who are directly affected by the lockout. It pains me to wholly understand the bickering that’s going on between players and owners. The last I checked the players were stonewalling the progress over 2% of revenue. Meanwhile, in real people land, lives of thousands are being affected each and every day because of the seeming greed for a few more dollars.
Sorry Crown Burger, AppleBee’s, Casey’s Irish Pub, Trader Vic’s, Pork With an Attitude, Rendezvous and many many more restaurants and workers for the selfishness of all in involved in the NBA debacle. A bigger, more substantial apology goes to the 30,000 arena workers completely stripped of there income while these rich boneheads bicker. The first month of season lost has cost these mostly low to middle income employees a combined total of 28 million dollars. Thanks fellas.
But that’s really just a beginning. Not only is that money lost for a direct impact back to the economy, those restaurants mentioned above are losing that indirect impact of a big night of NBA. Therefore those employees are now temporarily ‘underemployed’. That results in more negative spending in other areas of the economy. Not to mention that most of these honest, hard-working employees can’t afford to pay their bills now. Mose of them haven’t been blessed with athletic talent, or born in to a rich family line. Yet here they are, drowning in bills while the 1% bicker. I completely don’t understand it. Somebody please explain why they’re keeping the low and middle class from working and stimulating the economy.
In a very basic synopsis, the average total amount of economic impact to a city per NBA game is 1.3 million dollars. By my calculations, 219 games have been lost so far. Simple math, carry the zeroes and you get a grand total of 285 million dollars of total impact for 1 month’s worth of games. It should be explicitly understood that many lockout studies have been performed previously and have noted that the economic impact of lockouts does not impact local communities simply because the money not drained in to the sporting event is subsequently spent elsewhere in the local economy. However, in these current economic waters, the money not flowing because of NBA games is not guaranteed to just flow out of the middle class coffers in to the economy. Obviously, there will be a more thorough study on this, but my gut tells me this is a black eye to all local economies around arenas.
Lastly, what we do know is nearly 1 billion dollars in lost wages to the gifted players of the NBA have gone poof in the wind. And they don’t even seem to care. Oh wait, Delonte West cares. And so do all the people who need desperately the income that comes from the jobs that the owners and players are effectively killing for their own personal gain. Thanks again, NBA.