Social media has caused the NBA and teams to lose millions as the NBA salary cap projections are expected to decrease for the 2020-21 season.
ESPN’s Adrian Wojnarowski and Bobby Marks report that the original projections of $116 million will drop with some front office’s believing it’ll drop to around $113 million.
A large part of the reasoning is Houston Rockets general manager Daryl Morey tweeting his support for Hong Kong sovereignty, which will lead to the league losing approximately $150-$200 million. The loss of China-driven revenue could cost teams cap and luxury tax space.