If you guys want to talk about a bubble we can talk about the economic bubble in sports media of the past 20 years.
There may or may not be some ridiculous semblance of a remainder of the season. The point I'm getting at is that basketball, and sports entertainment as we know it is over. Attendance at sports events will never recover. This will affect the excitement of televised broadcasts. Both of these will dramatically effect revenue. Franchise valuations will plummet. Salaries will drop by 50% at least. And this is all for pro sports where players unions will fight tooth and nail to play. College sports don't have these unions and will be decimated... and this will further crumble sports media business infrastructure. In a rapidly declining industry, infighting and petty wars over the remaining scraps will prevail. This is particularly damaging to an entertainment product where a positive message and optimism is part of the the experience.
The magic is gone.
I've made the previous extreme statements because I don't think people are grasping the magnitude of the economic effects of these shutdowns, and the permanent behavior modifications that will happen across society. Going to a large sporting event for fun is not going to be a thing for a critical mass of the population which will then make the whole experience for everyone else far less interesting and fun.
Do people realize that, in addition to these direct effects, we will be losing 50% of small businesses by the time these lockdowns are over? People are not going to have money to spend on sports.
Basketball is over.