NBA 2020-21: Golden State Warriors to spend $30Mn on Covid-19 testing to host fans

NBA 2020: After the NBA and NBPA decided on a pre-Christmas start, they also declared that they had plans to allow 25-50% fans in the arenas. Whereas the Golden State Warriors owner Joe Lacob has stated that they are prepared to spend upwards of $30 million on Covid-19 testing to bring back fans at a 50 percent capacity.

The three organizations- Mesa Biotech, Visby, and CUEHealth, have obtained FDA license, which Lacob said is a very important breakthrough in enabling them to meet the number of tests they will require.

Lacob said the plan has been in evolution since the NBA was shut down in March. The use of polymerase chain reaction (PCR) tests that can detect traces of Covid-19 in nasal or throat swabs within 15 minutes.

The Warriors are eager to speed up the return of results, but the tests are considerably more expensive than rapid antigen tests and are less readily available. Although Lacob is hanging onto the PCR tests, regardless of their costs, because they are 99 percent accurate in detecting Covid-19 even before someone is infectious.

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Golden State Warriors’ President Rick Welts stated that this attempt to reopen the Chase Center might be a bigger hurdle than operating through all the political barriers he had to deal with in getting it built.

NBA 2020-21 Season: Golden State not ready to give up on $400 Mn potential revenue on ticket sales

The Warriors did not play the final 17 games on their schedule last season, which Lacob told ESPN, cost the team US$50 million in revenue. He added that playing the entirety of the 2020/21 campaign without fans could see the franchise lose another US$400 million in revenue and US$200 million on the balance sheet.

Let us prove the concept. Let us use our money, our resources, our seven-eight months of work, our expertise to prove the concept. That’s what I’m trying to get the state, the city, and the government to entertain,” said Joe Lacob.

The Warriors will ensure that everyone who enters Chase Center wears a mask and maintains social distancing. Furthermore, they are set to use a state-of-the-art air filtration system that is able to use 100 percent outside air or purge the arena’s air supply and replace it four times in an hour if necessary.

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The San Francisco Department of Health issued a statement saying that they have received the Warriors proposal and are in the process of reviewing it in the context of the current surge of COVID-19 cases in San Francisco, the Bay Area, and the state, according to ESPN.

By springtime, the rapid PCR tests will be manufactured in amounts nearing 100,000 per day by some of these companies. But I’m trying to show the world, trying to show the sports world in particular, and California, a way to do this. A safe way to have people come to an event and be totally safe walking in that building. The numbers bear it out.” said Lacob.

Allowing fans will bring back sponsors and increase the Basketball Related Income for the league as well as the franchises. NBA is already saving $500 million by starting the season in December rather than in January.