The NFL Players Association hinted at an upcoming battle with league owners and Roger Goodel, Dr. Fauci testified in front of the Senate, and Nevada’s Gaming Control Board announced a 99.4% drop in revenue in May. Here are the stories shaping sports and business on June 30.
NFL vs. NFLPA?
The President of the National Football League Player Association released a statement regarding the importance of player safety and health on Tuesday as the NFL gets ready to open its training camp in a few weeks and prepares for the upcoming season.
In the release, Cleveland Browns center and NFLPA President JC Tretter attempted to address a few of the public’s misconceptions regarding player safety and the job at hand for NFL players. The message presents as a warning to the public that things between the NFLPA, the league owners, and Commissioner Roger Goodell are about to get heated as the league implements its coronavirus safety guidelines.
In the release, Tretter wrote, “As we begin our fight for necessary COVID-19 protections, these recycled misconceptions will be used to undermine the strength of our union and the legitimacy of your career.”
Tretter listed some common arguments against players including “you should just play for the love of the game,” “Just go play you’re young and healthy,” “Athletes are overpaid," and “I had to go back to work you should have to go back, too.”
Toward the end of the statement, Tretter said, "More so than any other sport, the game of football is the perfect storm for virus transmission. There are protections, both short and long term, that must be agreed upon before we can safely return to work. The NFLPA will be diligent as we demand that the NFL provide us the safest workplace possible.”
Daily Coronavirus Update
There are 10.3 million cases of the virus worldwide, with over 507,000 deaths. The U.S. has 2.6 million cases and 126,000 deaths.
Dr. Anthony Fauci and CDC Director Robert Redfield testified in front of a Senate committee Tuesday. Fauci said that he would not, at this pace, be surprised if the U.S. reached 100,000 new cases per day if the U.S. does not get the COVID-19 pandemic under control.
Currently, the U.S. is seeing an average of 40,000 cases per day.
Fauci also stressed that bars, especially indoor bars, are not good. Redfield warned that the country needs “aggressive modernization” of contact tracing procedures in the United States and that a “substantial investment” must take place in order for that to happen. He noted that if contact tracing isn’t being done in real-time, then it “doesn’t really have any value.” He also expressed that he’s disappointed that American Airlines (AAL) - Get American Airlines Group, Inc. Report will resume booking their flights to capacity. He added, “I can say this is under critical review right now by us at theCDC.”
Federal Reserve chair Jerome Powell and U.S. Secretary Treasury Steven Mnuchin appeared in front of the House Financial Services Committee. Powell noted in his remarks that more than 20 million Americans have lost their jobs since the pandemic took hold in mid-March.
“The path forward for the economy is extraordinarily uncertain and will depend in large part on our success in containing the virus,” he said. “A full recovery is unlikely until people are confident that it is safe to re-engage in a broad range of activities.”
Mnuchin, on the other hand, was more positive in his remarks. Ahead of the testimony being given, Mnuchin said, “We are in a strong position to recover because the Trump Administration worked with Congress on a bipartisan basis to pass legislation and provide liquidity to workers and markets in record time.”
How Are the Casinos?
The Nevada Gaming Control Board released the casino industry’s earnings for the month of May and the results, as you can imagine during a global pandemic with all casinos essentially shut down, are not good.
According to the report, casino revenue dropped 99.4% in May 2020 compared to May 2019. In total casinos brought in $5.8 million in May compared to nearly a billion in May of last year. According to a report from CDC Gaming, most of the revenue came via internet poker and mobile sports wagering.
Nevada casinos reopened with health and safety limitations on June 4 so the reports for this month should be a bit more positive for the casino industry.