NBA Lockout Is Hurting The Escort Industry

escortThe NBA lockout is having a negative effect on many.  Players, coaches and referees aren’t the only ones finding themselves out of work.  There is also those working at the arenas of these NBA teams, as well as those working in public relations and other departments within each organization that could be finding themselves with a little less cash in their pockets.  These are all the obvious parties that are being affected by the league’s work stoppage.

As for the not-so-obvious parties that are experiencing a negative effect from the lockout, you can include most escort businesses in that category.

A recent investigation by CNBC’s Darren Rovell found that the escort industry could expect to experience a 30% decline in business without the NBA in action.  He explains:

A 30 percent decline seems to be the magic number, even for Henry, who runs an escort service in New York that he says charges between $400 and $4,000 an hour, depending on the woman.

Henry says he takes between 65 and 80 percent of the total cut to match the players and other high-profile fans, who are with the client an average of four hours.

“There are replacements but they aren’t as consistent and not nearly as high paying,” Henry said.

I guess when your million-dollar checks stop coming in, you have to make sacrifices, like ditching the $4000 escorts for the much cheaper, yet not-so-discrete, groupies.

Poor NBAers.  What difficult lives they live.

Hat Tip – [ProBasketballTalk]

Tags: business, CNBC, Darren Rovell, escort, lockout, NBA,