The NBA is awaiting the league's financial projections on lost revenues, which are expected to be shared with them soon, sources said.
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The NBA is planning to raise its credit line to $1.2 billion in the wake of the coronavirus pandemic. This would aid the league in handling its expenses through what is expected to be an extended shutdown, sources told ESPN Wednesday.
The NBA credit line has been $650 million, so this would represent an increase of $550 million.
From ESPN:
The NBA has been considering numerous contingency plans, which include playing only several more regular-season games and shortening early playoff series from best-of-seven to best-of-five, but everything remains fluid, sources said.
Teams are hoping the league will soon give direction on possible drop-dead dates for starting the season, but the NBA doesn't seem to be rushing to lock itself into a scenario.
The majority of sportsbooks have yet to count NBA and NHL futures as "no-action" while the leagues decide on whether to continue their respective seasons.
- Don Shapiro, Gambling911.com
