Here are the top sports and business stories on Friday, May 1.
The NBA’s Back in the Headlines
The NBA is once again making headlines for their actions during the coronavirus pandemic. The league sent out a memo to all 30 teams asking them not to schedule tests for player and staff members if they are not showing any symptoms of COVID-19.
“For the time being, it is not appropriate in the current public health environment to regularly test all players and staff for the coronavirus,” the memo read.
Although the NBA was the first sports league to postpone their season due to the outbreak, the league received criticism early on when hundreds of players were reportedly being tested for the coronavirus despite limited access to tests for the general population.
The league’s most recent memo comes just two days after Commissioner Adam Silver sent out a memo explaining the new protocol of allowing players back in team training facilities which has yet to have a finalized date.
A Coronavirus Update
There are over 3.2 million cases of the coronavirus worldwide, with over 230,000 deaths.
The U.S. has over a million cases, and over 60,000 deaths.
New York has 300,000 cases and over 18,000 fatalities.
Spain has 213,000 cases and 24,000 deaths.And the World Health Organization extended its declaration of a global health emergency on Friday.
The extension comes at a time when the WHO is facing a lot of criticism--and a temporary stop in funding from the U.S.
It also comes three months after the WHO originally announced a public health emergency of international concern back on January 30.
The combination of the rapid rise in cases in Africa and South America, along with the staggering 3.2 million people infected with the virus led WHO officials to reassess the evolution of the pandemic, according to the New York Times.
Evidence suggests that there are cases of sustained transmission on six continents in the world.
WHO is eyeing weaker healthcare systems that could be overwhelmed by the pandemic, the director-general of the WHO has warned that even more “sophisticated” systems are struggling with the pandemic.
Day 51 With No Sports
Today is Day 51 with no sports. According to ESPN the coronavirus shutdown of the sports world will cause a $12 billion loss in revenue which could double if College Football and NFL does not return in the fall. According to the study conducted on behalf of ESPN, there’s
several hundred thousand people that work for professional leagues, NCAA, and youth sports all out of work.
For example, one NBA game has about 1,900 people working. In total, the NBA supports about 52,000 people according to the study, 80% of which are non-team personnel…
ticket collectors, food vendors, and ushers.
It’s very clear…sports are not recession proof.
- Jim Cramer: Nancy Pelosi Told Jim Cramer PPP Doesn't Solve His Biggest Fear
- Jim Cramer: Elon Musk Is a 'Rugged Individualist'
- Jim Cramer: Microsoft Is Firing on All Cylinders
- Friday Coronavirus Update: President Trump Threatens Tariffs on China, Boeing's Bond Offering
- Amazon Earnings: Everything Sending Stock Lower
- From the C-Suite: Super League Gaming CEO on Esports During Coronavirus Pandemic
- NCAA Considers Proposal That Would Allow Student-Athletes to Get Paid for Endorsements, Etc