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00:00 I'm Jill Painter Lopez for Sports Illustrated here with Melissa Rowland and Melissa, the
00:09 Lakers are returning a $4.6 million loan approximately back to the government.
00:15 Why did they do that and what's the story behind that?
00:18 They're trying to do what's socially responsible.
00:20 Obviously those loans are intended for small businesses that could potentially be going
00:25 under right now because of hard times caused by the COVID-19 pandemic.
00:29 The Lakers are in no danger of going under right now and they're just trying to do the
00:32 right thing.
00:33 They've also done it within their organization themselves.
00:36 For example, some of the top earners within the Lakers have taken a 20% pay cut to ensure
00:42 that some of the lower earning employees don't get laid off or don't get fired or don't lose
00:48 their jobs during this time.
00:49 So it's just another way for the Lakers to be socially responsible during this crazy
00:54 time.