This is going to have a cascading economic impact. There are the channels that cover the tournament (e.g., ESPN), the tournament bracket sites that get ad revenue, the local businesses around the stadiums that host the games, and so much more.
There also is the G-League which is essentially the NBA minor league. Anybody on the bubble of making the NBA who wants a job will get a chance in the G-League, and if they were truly NBA caliber then they'd prove themself and get the opportunity.
I'm basically trying to answer this question: Is there a player who is talented enough to play in the NBA, but won't get that chance because the NCAA tournament is cancelled. The answer is no. If the player is on the bubble they'll likely get a G-League contract and if they excel in the G-League they'll get a shot in the NBA.
If they drop from the first round to the second round, they'll still get a chance. Obviously a good tournament or bad tournament might chance draft ordering and short term compensation, but the average NBA salary is ~7 million dollars. A million dollars here and there isn't going to make a difference if the player is truly NBA caliber.
Look. I have multiple friends who have already had all of their shifts canceled for the rest of March. And guess what, nothing is going to be better April 1st. Those folks don't have investment funds to sell. They don't have 401Ks to skim from early, at great cost. They don't have friends and family with money and their emergency fund wouldn't even cover the costs of HALF of a Coronavirus test, let alone a weeks worth of rent.
We need to be talking about suspending evictions, delaying mortgage payments, nationalizing health care, and more. And if you think this is over the top, go watch and read about Italy and get back to me in 2.5 weeks. I can't wait for the rest of America to understand just what a precarious and fragile system we've built.
> suspending evictions, delaying mortgage payments, nationalizing healthcare
I mean sure, I don't think I would disagree with any of that at all (good luck with the last part though, we've been trying that for 40 years), but to say that this wouldn't have a detrimental impact on the economy is a bit confusing to me...it will and that will hurt, but the idea is that it will hurt less than something like COVID running rampant or without measures to protect workers who will be hurt most by the economic fallout.
The US is flying blind with a fragmented, expensive medical system that discourages those who need care or testing from getting that care. What might save us (marginally) is that much of the country is fairly rural, and we're far less dense so the spread rate might be lower. However strictly none of the doctors I've spoken to (one of whom is an infectious disease specialist at SF General) believes we have the capacity to deal with the crisis. To a person they say that if it starts spiraling in the US it will get very bad, very fast.
By the way, those countries or areas that avoided the worst of it (Taiwan, Singapore, several provinces in China outside Wuhan, to a limited extent South Korea) have taken centralized, planned, dramatic action to do so. This is one place where central planning is probably the better choice.
[1] https://en.wikipedia.org/wiki/List_of_OECD_countries_by_hosp... [2] https://www.worldometers.info/coronavirus/covid-19-testing/
[1] https://www.researchgate.net/publication/229013572_The_varia...
- What are the number of critical care beds in the hospital?
- What are the number of negative pressure rooms in the critical care unit? Negative pressure rooms help keep a contagion contained.
- Critical care rooms typically have a ventilator, but they require a critical care physician to determine the correct parameters for the vent and a respiratory therapist (RT) to set and monitor the vent
- Does the critical care physician have the appropriate personal protective clothing (PPC)? I believe the norm is some kind of suit along with an N95 mask. I'm not sure if this disease has something extra required.
Mostly, I mention this because the equation of what is necessary is complex and breakdowns in this can cause problems. For example, if there's not enough PPC, then the RT and physician can become ill, which means they can't treat patients. At least in the U.S., critical care is a fellowship on top of a residency, so you can't exactly replace them quickly. If there are not enough negative pressure rooms, then the disease can spread more easily in the hospital.
Now, that said, I don't know enough about Italy and their system to fully explain what happened there. I do know that it's not as simple as number of hospital beds, which is why I replied in the first place. This makes a direct comparison to the U.S. at best difficult.
Anyway, there's a lot of dramatically incorrect information being thrown around. There's a lot of people claiming to be physicians and saying some really hyperbolic things. I'm not happy about that, so my small contribution is to at least provide a better reference for something concrete, which is number of ICU beds in the U.S. and elsewhere within the last decade.
We're going to have to take special measures to make sure critical supply chains stay in tact.
However, I expect the general trend of people avoiding traveling and crowded places will have a massive effect on Vegas revenue as a whole.