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Closing Bell

Magic, Spurs Form Compensation Funds For Hourly Workers

The Spurs and Magic today became the latest NBA teams to create compensation funds for arena workers as the league goes dark. Magic owners the DeVos family today announced a $2M fund for hourly workers with the NBA team, Amway Center, G League Lakeland Magic and ECHL Orlando Solar Bears. Approximately 1,800 part-time employees will receive paychecks for missed games through what would have been the end of the regular season, based on data related to previous individual games worked.

Spurs Sports & Entertainment today announced a fund of more than $500,000 that will pay the organization’s part-time employees through the end of the Spurs' and AHL San Antonio Rampage's seasons. Those teams join a growing list of NBA franchises and players in creating funds to pay arena workers who are idle due to the suspension of the NBA season.

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