Los Angeles Lakers give back $4.6M Paycheck Protection Program loan

By Dominick Mastrangelo

Published April 28, 2020 2:07pm ET

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Los Angeles Lakers give back $4.6M Paycheck Protection Program loan — Los Angeles Lakers forward Pau Gasol, right, of Spain, puts up a shot as Denver Nuggets center JaVale McGee defends during the second half of their NBA basketball game, Friday, Nov. 30, 2012, in Los Angeles, Calif. The Lakers won 122-103. (AP Photo/Mark J. Terrill) | Mark J. Terrill

The Los Angeles Lakers have returned the more than $4 million the team received as part of the Paycheck Protection Program that Congress approved in response to the nationwide outbreak of the coronavirus.

Once team owners learned that funds from the first installment of the federal program had been depleted, the team “repaid the loan so that financial support would be directed to those most in need,” a spokesperson told the Los Angeles Times.

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