NBA Credit Line To Be Increased To $1.2 Billion From $650 Million Amid Coronavirus: Report

Basketball News

With the NBA on shutdown due to coronavirus, the league has been looking to increase the NBA credit line to help increase cash flow while games are cancelled.

Written By Devika Pawar | Mumbai | Updated On:
nba credit line

With the NBA coronavirus shutdown, the league has been looking to increase the NBA credit line. The NBA credit line will help increase the cash flow while games have been cancelled indefinitely. As per reports, the current $650 million NBA credit line could be increased to $1.2 billion in order to mitigate the effects of the NBA coronavirus shutdown. 

Also read | Coronavirus in NBA: Kevin Durant and Kyrie Irving could feature for Nets if NBA season resumes in June

NBA coronavirus shutdown: NBA credit line to be increased to $1.2 billion to increase cash flow

Also read | Coronavirus in NBA: Players could reportedly lose 21-24% salary due to NBA suspension

Plan to increase the NBA credit line discussed with NBA board of Governers

Also read | NBA coronavirus update: Games could be played without fans even after suspension ends

As per ESPN, the plan to increase the NBA credit line was discussed between the NBA Board of Governors. The governors recently met again to discuss a final update on the coronavirus outbreak. Former Surgeon General Dr Vivek Murthy, who served during former President Barack Obama's second term, was also on call. Reports claimed that Murthy talked to the owners and convinced them about NBA not returning before June.

Adam Silver had the NBA suspended during the ongoing 2019-20 season after Utah Jazz's Rudy Gobert tested positive for COVID-19 last week. Along with Gobert, there are now seven NBA players with coronavirus. Kevin Durant along with three other Brooklyn Nets players tested positive on March 17 (March 18 IST), while Jazz's Donovan Mitchell and Detroit Pistons' Christian Wood tested positive a day after the suspension. In a statement released the Brooklyn Nets, they assured fans that the players and staff members will remain isolated, while physicians closely monitor their situation. 

Also read | Kevin Durant coronavirus: NBA players with coronavirus

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