June 5, 2020

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The NBA is officially coming back, cities face the stadium-financing music, Amazon airs the Premier League, and there’s something incredible in Orlando.

It’s A Date

Photo Credit: Russell Isabella-USA TODAY

As the NBA Board of Governors approved the 22-team return to play plan at Disney World, they also worked out the schedule:

  • June 30: Training Camp Starts
  • July 7: Teams Travel to Orlando
  • July 31: Season Resumes
  • Oct. 12: Potential NBA Finals Game 7
  • Oct. 15: 2020 NBA Draft
  • Oct. 18: Free Agency Begins
  • Nov. 10: Training Camp Target for 2020-21 Season
  • Dec. 12: Opening Night Target for 2020-21 Season

Other Sports Updates:

  • Opening Day at New York’s Belmont Park welcomed horse racing back with a record-breaking betting handle of $10,972,254, besting 2010’s $10.7 million. Last year’s nine-race opening day generated a handle of $5.4 million. The track will be the first leg of the Triple Crown for the first time ever when the Belmont Stakes is run on June 20.
  • The National Lacrosse League will not complete the 2019-20 season and instead focus on the 2020-21 season, its 35th.
  • MLB TV and radio announcers will broadcast road games from local broadcast studios or home ballparks – if there’s a season.
  • Texas Gov. Greg Abbot said Texas stadiums can operate at 50% capacity – a week after he said they could operate at 25%.

Bonds Away

Photo Credit: Matt Kartozian-USA TODAY Sports

Cities that sold bonds to finance stadium construction may be in a perilous position while the games, concerts, and events meant to generate cash for payments remain on hold. Tourism taxes have been levied to pay for nearly 40% of $17 billion in public stadium financing since 2000, according to the Brooking Institution. Though the industry has halted, bills have not.

However, not all deals are the same in the $4 trillion U.S. municipal bond market, and results may vary:

  • Glendale, AZ (Cardinals, Coyotes, and Dodgers and White Sox Spring Training): 66% of public debt is tied to city’s sports facilities; $10.7 million payment due for Gila River Arena in 2020. 
  • Maryland Heights, MO (St. Louis Blues): Owes $3.6 million annually on Centene Community Ice Center. Bonds on it have fallen from 109 cents on the dollar in early March to 68 cents on May 21. 
  • Miami-Dade County, FL (Marlins): Owes $15.1 million this year on Marlins Park; has already collected nearly twice as much thanks in part to this February’s Super Bowl. 

No stadium bonds involved with major professional sports league have defaulted, but there have been other downward trends in the industry:

  • The Oakland A’s withheld a $1.2 million payment to Oakland Coliseum in April. 
  • Bonds for Mercedes-Benz Stadium, home of the Atlanta Falcons, have been lowered to negative outlook by S&P Global and placed on review for downgrade by Moody’s.
  • S&P also downgraded to negative bonds on the BB&T Center, home of the Florida Panthers. 

Stadiums sold as a steady cash source for cities have turned into a major strain on budgets already hurting from the pandemic, leading many to question the role of spending public money on pro sports facilities.

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Amazon’s Free Play

Photo Credit: Trevor Ruszkowski-USA TODAY Sports

Amazon has announced it will stream its four remaining Premier League games this season for free in a rare public offering of the Premier League in the U.K. English soccer fans will see more free games than ever as 33 of the remaining 92 matches will be free-to-air once the league kicks off June 17.

  • Amazon will air four games
  • BBC will broadcast four games – its first time airing the Premier League
  • Sky Sports will make 25 games free

Sky Sports also agreed to terms for the return of the Scottish Professional Football League and will show 48 games when it returns to play in August. The new deal also provides teams the ability to sell a “virtual season ticket,” allowing fans the ability to stream all home games.

In related programming news, Amazon sports executive Jim DeLorenzo is reportedly moving to Apple to head up sports for Apple TV. DeLorenzo has led Amazon’s sports division since 2016, during which time the company signed its three-year deal with the Premier League, acquired streaming rights for NFL Thursday Night games and struck an agreement with YES Network to stream 21 Yankees games a year.

Apple has expressed interest in acquiring sports broadcast rights and has held talks with the Pac-12 conference about carrying games on Apple TV+.

Orlando Sports Haven

Photo Credit: Mary Holt-USA TODAY Sports

The NBA and MLS returning to action at Disney World will amplify the silver lining from the pandemic for the Greater Orlando Sports Commission. Since the NBA season shut down in March, Orlando has lost out on a projected $44.1 million worth of sports-related economic impact.

Those losses hurt, but with no events to manage, the GSOC doubled down on its business development and kept the future of the region’s sports tourism humming. While the GSOC saw 13 events canceled, the region added:

  • 84 bids on future events worth $1.1 billion
  • 12 new event commitments worth $72.7 million
  • 48 event prospects worth $59.5 million

With a newly expanded slate of events, the MLS and NBA will add to a deep portfolio to help attract more sports in the coming years.

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What We're Covering

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In the wake of protests, the Walt Disney Co. called an internal meeting on Thursday to examine racism and bias.

Jason Whitlock chats with FOS in his first comments about why he’s leaving Fox Sports, being ignored in favor of Skip Bayless, and what’s next in his career.

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Question of the Day

Would you feel comfortable attending a sporting event held at 50% capacity?

 Yes   No 

Thursday’s Answer

65% of respondents use an app for at home workouts or running.

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