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Abbamondi: NBA teams face big losses early but hope for normalcy by post-season

In an interview Tuesday morning, Nets and BSE Global CEO John Abbamondi told CNBC that the NBA will face huge losses without fans in the stands this season, but he’s hopeful that as things return to normal with COVID vaccines, arenas will be full again by the post-season.

Abbamondi added he’s also hopeful that the NBA season will survive “bumps along this road” as the play resumes while the pandemic continues to rage across the country. The concern, he said, begins with players testing positive for the coronavirus.

“Nobody has an illusion that you’re going to stop cases from occurring,” Abbamondi told Joe Kernan on the network’s “Squawk Box” program.