The NBA is planning to raise its credit line to $1.2 billion, which would aid the league in handling its expenses through what is expected to be an extended shutdown because of the coronavirus pandemic, sources told ESPN.
The NBA credit line has been $650 million, so this would represent an increase of $550 million.
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The NBA discussed the plan on a call with the league’s board of governors Tuesday, a meeting that included former Surgeon General Vivek Murthy delivering a grim forecast for the pandemic’s potential impact on the United States and further convinced owners that there could be no resumption before June.
If that even happens.
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