NBA players reject offer, season in jeopardy and cities impacted by “The Great Recession”

November 14, 2011

Athletics

Will NBA owners and players impact cities already greatly impacted by The Great Recession
 
NBA players rejected the league’s latest contract offer on Monday, November 14, 2011 and will disband as a union.
 
There are 30 metropolitan areas that are home to NBA franchises. Many of these cities have already been greatly impacted by loss revenue triggered by the deep financial recession. For cities that have NBA teams the loss of a season could impact hotels, restaurants, bars and city tax revenues. The loss of the NBA season could also impact part-time and full-time jobs at NBA arenas.
 
14 NBA city mayors wrote an open letter to NBA commissioner David Stern and players union requesting that they end the lockout.
 
View the open letter from mayors to NBA
Mayor Gregory A. Ballard, Indianapolis
Mayor Buddy Dyer, Orlando
Mayor Kevin Johnson, Sacramento (former NBA player)

Mayor A. C. Wharton , Jr., Memphis
Mayor Vincent Gray, Washington, DC
Mayor Michael Nutter, Philadelphia
Mayor Phil Gordon, Phoenix
Mayor Annise D. Parker, Houston
Mayor Mike Rawlings, Dallas
Mayor David Bing, Detroit
Mayor Ralph Becker, Salt Lake City
Mayor Julian Castro, San Antonio
Mayor Michael Hancock, Denver
Mayor Samuel Adams, Portland

 
The Atlantic reported in their article titled “The 7 Cities With the Most to Lose in the NBA Lockout”
 
Of the 30 franchises in the NBA, 7 play in NBA-only markets: Memphis, Oklahoma City, Orlando, Portland, Sacramento, San Antonio, and Utah saw a combined $64 million spike in value between 2009 and 2010, with 6 of the 7 teams increasing or maintaining their 2009 values.

According to the most recent data compiled by Forbes, the 23 NBA franchises in markets with more than one major-league sports club lost a combined $11 million in total value between 2009 and 2010.

 
 
NBA Cities and their arenas
Boston Celtics Boston, MA TD Garden
New Jersey Nets Newark, NJ Prudential Center -moving to Barclays Center Brooklyn, NYC 2012-13
New York Knicks New York, NY Madison Square Garden
Philadelphia 76ers Philadelphia, PA Wells Fargo Center
Toronto Raptors Toronto, ON Air Canada Centre 
 
Chicago Bulls Chicago, IL United Center
Cleveland Cavaliers Cleveland, OH Quicken Loans Arena
Detroit Pistons Auburn Hills, MI The Palace of Auburn Hills
Indiana Pacers Indianapolis, IN Conseco Fieldhouse
Milwaukee Bucks Milwaukee, WI Bradley Center
 
Atlanta Hawks Atlanta, GA Philips Arena
Charlotte Bobcats Charlotte, NC Time Warner Cable Arena
Miami Heat Miami, FL AmericanAirlines Arena
Orlando Magic Orlando, FL Amway Center 
Washington Wizards Washington, D.C. Verizon Center
 
Denver Nuggets Denver, CO Pepsi Center
Minnesota Timberwolves Minneapolis, MN Target Center
Oklahoma City Thunder Oklahoma City, OK Chesapeake Energy Arena
Portland Trail Blazers Portland, OR Rose Garden
Utah Jazz Salt Lake City, UT EnergySolutions Arena
 
Golden State Warriors Oakland, CA Oracle Arena
Los Angeles Clippers Los Angeles, CA Staples Center
Los Angeles Lakers Los Angeles, CA Staples Center
Phoenix Suns Phoenix, AZ US Airways Center
Sacramento Kings Sacramento, CA Power Balance Pavilion
 
 
Dallas Mavericks Dallas, TX American Airlines Center
Houston Rockets Houston, TX Toyota Center
Memphis Grizzlies Memphis, TN FedExForum  
New Orleans Hornets New Orleans, LA New Orleans Arena
San Antonio Spurs San Antonio, TX AT&T Center
 
Metropolitan Area Employment and Unemployment (Monthly)
Keep in mind that the local city unemployment rates may, in some cases, exceed their metropolitan areas’ unemployment rates.
 
Latest release: Wednesday, November 2, 2011 for the month of SEPTEMBER 2011 (Not Seasonally Adjusted)
Source: U.S. Bureau of Labor Statistics
Boston-Cambridge-Quincy  6.6%
New York-Northern New Jersey-Long Island  8.3%
     New York City   8.7%
Philadelphia-Camden-Wilmington 8.4%

Chicago-Joliet-Naperville  9.8%
Cleveland-Elyria-Mentor 7.6%

Detroit-Warren-Livonia 11.7%
Indianapolis-Carmel 8.1%
Milwaukee-Waukesha-West Allis 7.6%
Atlanta-Sandy Springs-Marietta 10.3%
Charlotte-Gastonia-Rock Hill 10.7%
Miami-Fort Lauderdale-Pompano Beach 10.6%
Orlando-Kissimmee-Sanford 10.2%
Washington-Arlington-Alexandria  6.1%
                                                                                                                                       
Denver-Aurora-Broomfield 7.8%
Minneapolis-St. Paul-Bloomington 6.0%
Oklahoma City 5.5%
Portland-Vancouver-Hillsboro  8.4%
Salt Lake City  6.7%
   
San Francisco-Oakland-Fremont  9.2%
Los Angeles-Long Beach-Santa Ana 11.3%
Phoenix-Mesa-Glendale 8.1%
Sacramento–Arden-Arcade–Roseville 11.5%
 
Dallas-Fort Worth-Arlington 8.3%
Houston-Sugar Land-Baytown  8.6%
Memphis 10.5%
New Orleans-Metairie-Kenner 6.9%
San Antonio-New Braunfels 7.9%

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