Brandon Mitsunaga
Period 7
4/3/2012
Thesis Paper Annotative Bibliographies
Gregory, Sean. "The NBA Lockout and the Economy: An Overstated Impact."
TIME.com. TIME Moneyland, 7 Nov. 2011. Web. 03 Apr. 2012.
<http://moneyland.time.com/2011/11/07/the-nba-lockout-and-the-economy-anoverstated-impact/>.
Without question, sporting events generate sizable, if often overstated, amounts of
game-day spending in cities. According to the Oklahoma City Chamber of Commerce,
for example, every Oklahoma City Thunder game pours $1.3 million into the local
economy. As The Atlantic recently pointed out, Spurs games generate $95 million for
San Antonio, the Portland Trail Blazers made a $2 billion local impact between 1970 and
2004, according to a study, and in 2010 the Greater Memphis Chamber of Commerce
estimated that the Grizzlies and their arena, the FedEx Forum, general an annual
economic impact of $223 million.
Investopedia. "The Financial Impact Of The NBA Lockout." Forbes. Forbes Magazine,
03 Nov. 2011. Web. 03 Apr. 2012.
<http://www.forbes.com/sites/investopedia/2011/11/03/the-financial-impact-of-the-nbalockout/2/>.
Initially, the league entered negotiations with a proposed 61/39 split of basketballrelated income (BRI). Besides ticket sales, BRI includes merchandising, parking and
concession stand fees, television contract income and advertising revenues. This would
have forced the players to reduce their share by 18 percent, down from the 57 percent
guaranteed by the expiring collective bargaining agreement. Subsequently, the league
bettered its offer to a 50/50 split which was presented as an equal partnership.
Lemov, Penelope. "The Liabilities of an NBA Lockout." GOVERNING: State
Government News on Politics, Management & Finance. Governing Magazine, 16 Nov.
2011. Web. 03 Apr. 2012. <http://www.governing.com/columns/publicfinance/liabilities-NBA-lockout.html>.
Memphis isn't the only city that has been fingering its worry beads over the NBA
lockout. In fact, Moody's, the credit-rating agency, announced in mid-October that the
NBA lockout was a credit negative for small-market cities that rely on revenue generated
by NBA home games. As the lockout drags on, cities are in danger of losing more
revenue. But on the plus side, Moody's Valentina Clark notes that "these arenas host
other sporting events and other events so there is other revenue coming in." Eleven of the
29 NBA arenas, for instance, are home to National Hockey League teams.
Withers, Tom. "NBA Lockout Hiting Some Cities Hard." The Huffington Post.
TheHuffingtonPost.com, 6 Oct. 2011. Web. 03 Apr. 2012.
<http://www.huffingtonpost.com/huff-wires/20111006/bkn-nba-lockout-impact/>.
While Cleveland may be undergoing a minor renaissance with new construction,
including a downtown casino being built by a group headed by Cavs owner Dan Gilbert,
unemployment remains high. There's a thriving one-block strip of East Fourth Street,
where upscale eateries lure guests no matter the time of year.
ParkWhiz. "The Economic Impact of the NBA Lockout: Not Just the Players Locked Out
of Jobs." ParkWhiz. ParkWhiz Blog, 21 Nov. 2011. Web. 03 Apr. 2012.
<http://www.parkwhiz.com/blog/the-economic-impact-of-the-nba-lockout-not-just-theplayers-locked-out-of-jobs-23274779/>.
In some cities, the NBA Lockout is costing some residents more than just their jobs. City
researchers in Memphis are estimating that taxpayers may be responsible for paying as
much as $18 million for Fed Ex Forum if the entire season is canceled due to an
agreement between the NBA and the municipal government when first opened in
2004. The city council just approved the resolution that may lead to a lawsuit against the
NBA. By the end of this lockout, it will be a miracle if anyone still has money left.