“What [owners] are saying is, ’If we return, where …

“What [owners] are saying is, ’If we return, where is the revenue that is going to justify the additional cost of returning?” one team executive said. “They are looking at the cost side versus the revenue side. What revenue comes in now?” Also, NBA clubs have many limited partners who are taking losses. “These owners aren’t just sitting there with an ATM that’s printing more than ever before,” said Andy Dolich, the Memphis Grizzlies former president of business operations. “Some of them are looking at vast losses outside of just their basketball team.”
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November 24, 2020 | 1:21 pm EST Update
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The Toronto Raptors announced Tuesday they have re-signed free agent guard Fred VanVleet to a multi-year contract. Per team policy, financial terms of the deal were not disclosed. “In the last four years, we’ve seen Fred move from leader of Raptors 905, to leader of the Bench Mob to a leader of a championship team. The constant has been his leadership, no matter his role,” Raptors president Masai Ujiri said. “We look forward to the coming years with Fred as one of the voices and hearts of our team. We bet on Fred.”
Storyline: Fred VanVleet Free Agency
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