Sports associations

NBA Pressure Undermines Province's Negotiating Position

Strategic Insights

Jan 20, 1994 — 1 min read

Toronto ONT -- Ontario Liberal Leader Lyn McLeod called for the NDP government to drop the basketball portion of its Pro-Line lottery to secure a Toronto NBA franchise. The government's special adviser, David Reville, expressed concerns that this added pressure undermines the province's bargaining position with the NBA. The issue is currently stalled, with no further meetings scheduled.

Key Takeaways:

The Ontario government is under pressure from the Liberal Leader Lyn McLeod to drop the basketball portion of the Pro-Line lottery to secure an NBA franchise.
David Reville, special adviser to Premier Bob Rae, believes that this added pressure undermines the province's negotiating position with the NBA.
The NBA wants the basketball portion of the lottery removed as a condition of granting a franchise, which would be settled by the next NBA board of governors meeting on February 14.
Talks between the parties appear stalled, with no further meetings scheduled.
The Liberal Leader claims that the benefits of an NBA franchise outweigh the revenue from the basketball portion of the Pro-Line sports lottery.
Reville argued that if the province ended the basketball portion, it would also have to stop all sports betting, potentially costing $100-million in 1995-96.
The founder of Professional Basketball Franchise (Canada) Inc., John Bitove Jr., stated that the Pro-Line issue has brought all other development work to a halt, including hiring and development of the site.

Statistics:

$6-million: The estimated annual revenue from basketball betting in the Pro-Line lottery.
$81-million: The estimated revenue for the first year of an NBA franchise in Toronto.
$31-million: The estimated annual revenue after the first year of an NBA franchise in Toronto.
$100-million: The estimated annual loss for the province in 1995-96 if it stops all sports betting due to removing the basketball portion of Pro-Line.

Sources:

Byline: CRAIG McINNES Toronto ONT -- BY CRAIG McINNES Queen's Park Bureau TORONTO

The End of American Hypergrowth

For two centuries, the US economy grew by adding workers. That's over.

Healthcare's $5.3 Trillion Drag

How Medical Spending Became America's Biggest Productivity Tax

Breakthrough in Nanotechnology: Electromagnetic Shock Treatment Shows Promise

Researchers at the Wuhan University of Technology in China have made significant progress in the field of nanotechnology, specifically in the area of nanoindentation. A novel electromagnetic shock treatment (EST) method has been developed to enhance the microscale mechanical properties of a titanium alloy, with promising results obtained through array-based

Gut Microbiota Plays Crucial Role in Immunotherapy Success for Colon Cancer Patients

Research investigators at the Zhengzhou Central Hospital Affiliated to Zhengzhou University have made groundbreaking discoveries on the role of gut microbiota in determining the efficacy of immunotherapy for colon cancer patients. The study, which was recently published in Biochimica et Biophysica Acta, reveals that specific bacterial species and microbial metabolites

Read more

The End of American Hypergrowth

Healthcare's $5.3 Trillion Drag

Breakthrough in Nanotechnology: Electromagnetic Shock Treatment Shows Promise

Gut Microbiota Plays Crucial Role in Immunotherapy Success for Colon Cancer Patients