Major League Baseball is still trying to clear a number of hurdles to begin the 2020 season, and there remains confidence that the campaign will not be canceled altogether. If it were, however, MLB commissioner Rob Manfred said the league and its owners would be missing out on several billion dollars.
Manfred estimated during an appearance on CNN Thursday that the cancellation of the 2020 MLB season would cost team owners $4 billion. He didn’t go into detail about where that number comes from.
“The economic effects are devastating, frankly, for the clubs. We’re a big business, but we’re a seasonal business,” Manfred said. “Unfortunately, this crisis began at kind of a low point for us in terms of revenue. We hadn’t quite started our season yet. If we don’t play a season, the losses for the owners could approach $4 billion.”
“Playing in empty stadiums is not a great deal for us economically, but our owners are committed to doing that because they feel it’s important that the game be back on the field and that the game be a sign of beginning to returning to normalcy and American life as we’ve always enjoyed it,” Manfred added.