Lockout in NBA will hurt businesses in Salt Lake City: NBA Update
The National Basketball Association (NBA) locked out its players over labour turbulence with the Players Association on July 1st when both parties were failed to sign on the new Collective Bargaining Agreement (CBA)
within the time limit. So far, many meetings have been taken place between both parties, but the matter is still lingering with no positive development has been made towards resolving the issue. This lockout has bitterly impacted on many individuals who are
directly or indirectly related to the NBA.
Several NBA players have already taken an initiative when the lockout was hit in the league. They decided to play overseas and made deals with different international basketball clubs to secure their financial backup.
But apart from NBA players, coaches and other NBA professionals, there are still plenty of individuals on which this lockout is impacting the most. Those people are local businessmen, broadcasting crew, and many young persons who
work part-time in different fast food chains. Recently, some reports have come out in public which briefly explained about the latest situation in Salt Lake City and how businesses are affecting in this area.
The NBA franchise Utah Jazz plays its home game in Salt Lake City and these home games brought many finances into the city. People come to watch their favourite players at Energy Solutions Arena with their families and relatives
that ultimately provide the local business owners a great sigh of relief in these harsh economic times.
Mike Katsanevas is the owner of Crown Burger restaurant near Jazz’s Energy Solutions Arena. He boldly described about the situation whenever the Jazz plays at home and what benefits he reaps through these Jazz’s home games. Katsanevas
said, “From 5:00 p.m. to about 6:45, we get a major rush, its tremendous business for us. We live for the Jazz season.”
However, since this lockout is threatening a whole NBA season, and if this happens, the entire Salt Lake City will suffer. One other individual Scott Beck, who is a president and CEO of Visit Salt Lake, also described in detail
the consequences of the lockout that can lead to a complete season wipe out. Beck said,
“It’s a big industry. Sports are a lot of fun, but professional sports are really a big economic engine. Having worked in the restaurant industry for Gastronomy for 4 years, I can tell you that the restaurants will be affected
by no Jazz season. And it's certainly not lost on us that every time the NBA comes here to broadcast a game, they show our beautiful mountains, they show the destination, and that's a real extension of our brand.”
On the other hand, everybody hoping and trying their best to resolve the issue. Both NBA owners and the Players Association are once again scheduled to meet on Friday and resume their negotiations over work stoppage in the league.
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