Sports Business

Sports Business '15 to Watch': Beijing to host 2022 Winter Olympics

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Sports Business '15 to Watch': Beijing to host 2022 Winter Olympics

1. Beijing was selected to host the 2022 Winter Olympics, becoming the first city awarded both the Winter and Summer Games. Beijing narrowly defeated Almaty, Kazakhstan, in a vote of the International Olympic Committee. The Chinese capital, which hosted the 2008 Summer Olympics, came in to the vote as the strong favorite, despite its lack of natural snow. IOC chose the more “certain” candidate – even with prior cost overruns and empty facilities – over an “emerging” region. Trend, or not?

2. The Seattle Seahawks and QB Russell Wilson agreed to a four-year deal worth $87.6 million with $60 million guaranteed. The deal puts Wilson on par with Green Bay Packers QB Aaron Rodgers as the NFL's highest-paid player with a deal worth an average of $22 million annually. It validates the spending pattern that contenders have used to guarantee the “franchise QB,” even with a high guaranteed number. Seahawks remain a stable cornerstone of the NFL.

3. More money for free agency. As originally reported by MLB.com, but in an article found and accessed from the Sportsmanias app, the site that provides fans with real-time information on their favorite teams, the St. Louis Cardinals signed a 15-year media-rights deal with Fox Sports that gives the team an equity stake in FS Midwest. Financial terms were not disclosed, but Fox reportedly will pay the team around $50 million in the first year of the new deal, which starts with the 2018 season. Ironic that the Cardinals made fewer moves in free agency, they’ll now have a “war chest” bigger than most. Regional cable TV deals will be the biggest differentiator between the “haves” and “have nots” in the future.

4. International media revenue exceeds $455 billion. A good example of an international global media company is Globecast. The global solutions provider for media again was contracted to bring one of the world’s great sporting spectacles to screens around the globe: the 2015 Tour de France. From the Grand Départ in Utrecht to the final iconic sprint on the Champs Élysées, Globecast successfully rose to both the technical and logistical challenges posed by this year’s event. Look for the major media players to continue to take advantage of incredible growth and entrepreneurialism in the worldwide industry.

5. Six weeks until the U.S. Open, U.S. hard court tennis season is upon us with an event in Washington. When Lagardère Unlimited’s corporate consulting group scored an impressive win earlier this year, landing the Citigroup global sports and entertainment business, the agency had already established an excellent relationship with the financial service brand due to its longtime stewardship of the Washington, D.C. pro tennis tournament now known as the Citi Open. Serena Williams and her quest for the Grand Slam will continue to maintain significant interest in tennis over the summer; the Washington event is a critical component of that momentum on the men’s side.

6. Deflategate now in federal court. New England Patriots Owner Robert Kraft called the NFL's decision to uphold Tom Brady's four-game suspension “unfathomable” and said the league's handling of the entire Deflategate situation has been “extremely frustrating and disconcerting.” Kraft still stands behind Brady, calling him a great ambassador for the NFL. This is clearly the No. 1 issue – but it will evolve daily. Look for mounting pressure to settle the case under judge Berman’s watch – either before the Aug. 12 first hearing or the Aug. 19 calendar call.

7. An Associated Press investigation found dangerously high levels of viruses and bacteria from sewage in venues where athletes will compete in the 2016 Olympic water sports. Nearly 1,400 athletes competing in the Summer Games will come into contact with waters that have suffered from rampant sewage pollution. Infrastructure controversies are always major news items a year before any major event. Environmental, health, and safety concerns are another matter – incredibly important to see how the Brazil executives respond in the next couple months.

8. The NHL has signed a five-year North American renewal with Bridgestone, which will keep the tire maker as the title sponsor of the Winter Classic as well as the official tire of the NHL. In addition to the continuation of its Winter Classic deal, Bridgestone will also make a significant media commitment to the NHL. NHL continues to satisfy their core sponsor partners. Look for even more corporate relationships in the years ahead considering the higher TV ratings, World Cup, and potential expansion.

9. Adidas has agreed to a three-year marketing and media deal that will make it the official athletic apparel and footwear partner of the Pac-12 Conference. The agreement, gives Adidas rights at all Pac-12 championship events and the Pac-12 Networks. The category was not previously filled. Race to generate as much revenue as possible at the collegiate level – both with conferences and individual programs!

10. As originally reported by the Arizona Republic, but in an article found and accessed from the Sportsmanias app, the site that provides fans with real-time information on their favorite teams, preliminary discussions have already taken place about the possibility that the Coyotes will become anchor tenants along with the Suns in a new arena in downtown Phoenix. There is also preliminary interest in building a new facility for the two teams in Scottsdale that would be part of an existing gaming resort. The NHL process should move in tandem with the Las Vegas and Quebec application process. Other arena locations in the Valley of the Sun, Seattle interest, and the like.

11. The Los Angeles Angels unveiled a life-size bobblehead in the image of CF Mike Trout outside Angel Stadium. The six-foot-six bobblehead doll has Trout in a home uniform holding his 2014 AL MVP award. The team erected the statue after noting the popularity of bobblehead giveaways with fans. Mike Trout, Bryce Harper, Kris Bryant, and other young superstars are rapidly becoming the marketing face of MLB. More to come in this area.

12. The Pittsburgh Steelers filed a formal application to bring Super Bowl LVII to Heinz Field in 2023. The application is the first step toward securing approval from the league to submit a formal bid to host the game. Steelers owner Art Rooney said Pittsburgh would benefit from adding a few more full-service hotels. Cold weather NFL cities waiting in line after New York – Boston, Philadelphia, Chicago, Denver, Charlotte, and others. Now, Pittsburgh.

13. Revenue from fans attending concerts at Gila River Arena is about $1 million short of projections. IceArizona, the Coyotes ownership group, projected two years ago it could book at least 23 shows annually with 15,000 fans per show, but the city of Glendale reports show that attendance at 14 non-hockey events over the past year never topped 14,000 per event. See the items above – all of these processes will be linked together in an entrepreneurial NHL expansion process.

14. The Lexington Center BOD voted unanimously to approve a $15 million renovation of Rupp Arena. The upgrades include a new center-hung scoreboard, wireless Internet for fans, and changes to the roof infrastructure so the arena can attract more concerts and major events. Look for the arena to host a number of other events; and potentially expand its horizons for major league professional franchises as well.

15. With Boston out of the running, Los Angeles now is the clear favorite to be the U.S. candidate to host the 2024 Olympics. The L.A. Memorial Coliseum could potentially serve as an Olympic venue in 2024 should a new NFL stadium not be built in time. The relatively quick decision by the USOC should allow significant analysis of L.A. before September 15 – good for the US process overall.

NBC Sports Chicago provides extensive coverage of Bulls and Blackhawks drafts

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NBC Sports Chicago

NBC Sports Chicago provides extensive coverage of Bulls and Blackhawks drafts

Chicago, IL (June 19, 2018) – With the Chicago Bulls holding the #7 overall pick of the 2019 NBA Draft and the Chicago Blackhawks holding the #3 overall pick of the 2019 NHL Draft, NBC Sports Chicago - THE Home of the #AuthenticFan - is set to provide fans with extensive multi-platform coverage of both drafts on Thursday, June 20 and Friday, June 21.  Please note NBC Sports Chicago’s draft coverage details below:

 

THURSDAY, JUNE 20 -- BULLS/NBA Draft coverage

  • 11:00 AM & 2:00 PM CT -- “The 2019 NBA Draft Preview Show” - NBC Sports National NBA Insider Tom Haberstroh (@tomhaberstroh) previews the upcoming draft featuring NBC Sports Regional Networks NBA experts from coast-to-coast, including NBC Sports Chicago’s Mark Schanowski. Hosted by NBC Sports Philadelphia’s Amy Fadool, “The 2019 NBA Draft Preview Show” will be presented in two live airings this day and fans can submit their draft questions to the panel by utilizing the Twitter hashtag #NBAdraftNBC (NOTE: This digital-exclusive presentation will stream live on NBCSportsChicago.com and via the “MyTeams by NBC Sports” app; fans located anywhere in the U.S. can download MyTeams for free on iOS and Android devices in the Apple App Store and Google Play Store.)
  • 6:00 PM -- “SportsTalk Live presented by The Chevy Silverado” - Special NBA Draft preview edition LIVE from the Bulls/NBA Draft headquarters at the Advocate Center. (NOTE: Live stream available to authenticated NBC Sports Chicago subscribers at NBCSportsChicago.com/WatchLive
  • Between 7:30-8:30 PM (time approx.) -- Live #7 pick reaction/commentary from NBC Sports Chicago’s Bulls experts Mark Schanowski, Kendall Gill, and Will Perdue via an extended Periscope segment on the network’s dedicated Bulls Twitter handle (@NBCSBulls), which will include the trio’s responses to fan questions and comments.
  • 10:30 PM -- “Bulls Draft Special presented by BlueCross BlueShield of Illinois” - Featuring Schanowski, Gill, and Perdue live from the Advocate Center, the Bulls Draft Special will dive into detailed discussion surrounding the Bulls first and second round picks, along with showcasing podium moment highlights/interviews featuring the new Bulls rookie from the Barclays Center in Brooklyn, NY, an overview of every trade made throughout the evening, plus, post-draft press conference coverage featuring Bulls Executive VP/Basketball Operations John Paxson, along with a post-draft recap interview with Haberstroh. (NOTE: Live stream also available to authenticated NBC Sports Chicago subscribers at NBCSportsChicago.com/WatchLive and via the “MyTeams by NBC Sports” app.)
  • 11:00 PM -- “Bulls Outsiders: Draft Special” - Hosts Matt Peck, David Watson, and John Sabine recap the NBA Draft from their perspective, along with their thoughts on how the Bulls first round pick will impact next season’s roster.  In addition, the Bulls Outsiders: Draft Special will also emphasize heavy viewer interaction via fan engagement on a number of the network’s social media platforms including Twitter (@NBCSBulls; fans urged to utilize the Twitter hashtag #BullsOutsiders in their posts) and Facebook Live (Facebook.com/NBCSChicago). (NOTE: Live stream also available to authenticated NBC Sports Chicago subscribers at NBCSportsChicago.com/WatchLive and via the “MyTeams by NBC Sports” app.)
  • NBCSportsChicago.com/”MyTeams by NBC Sports” app – NBC Sports Chicago’s Bulls digital reporter/producer Mark Strotman will also provide fans with thorough digital coverage of the NBA Draft from the Advocate Center on Thursday night, which will include real-time coverage/commentary throughout the night via @NBCSBulls and on the “MyTeams by NBC Sports” app.  In addition, “Sights & Sounds” moments from the Advocate Center will be provided from ‘NBCSChicago’ through Instagram and Instagram Stories. For full NBA Draft content and videos, fans are urged to visit the network’s dedicated Bulls section at NBCSportsChicago.com/Bulls.  
  • “Bulls Talk PODCAST presented by Coors Light” - Bulls fans can also download NBA Draft preview/recap editions of NBC Sports Chicago’s “Bulls Talk PODCAST” throughout the week. Fans can download all of NBC Sports Chicago’s podcasts at NBCSportsChicago.com/podcasts and simply subscribe to them via Apple Podcasts, Google Play or Stitcher.  The podcasts can be played on any mobile device, laptop, or desktop computer.

 

FRIDAY, JUNE 21 -- BLACKHAWKS/NHL Draft coverage

  • 6:00 PM CT -- “SportsTalk Live presented by The Chevy Silverado” - Special NHL Draft preview edition featuring on-site, pre-draft reports from NBC Sports Chicago Blackhawks expert Pat Boyle and Blackhawks digital reporter/producer Charlie Roumeliotis LIVE from Rogers Arena in Vancouver, B.C. (NOTE: Live stream available to authenticated NBC Sports Chicago subscribers at NBCSportsChicago.com/WatchLive
  • 6:30 PM -- 2019 NHL Draft (LIVE on NBCSN) – NBCSN will provide live first round coverage of the 2019 NHL Draft from Rogers Arena, which will feature in-depth player profile coverage of the Blackhawks #3 overall pick (live stream available via NBCSports.com and the NBC Sports app). Liam McHugh and Kathryn Tappen will host coverage alongside Emmy Award-winning analyst Pierre McGuire and NHL Insiders Bob McKenzie, Craig Button, and Darren Dreger.
  • NBCSportsChicago.com/”MyTeams by NBC Sports” app (Blackhawks draft coverage presented by Elgin Hyundai/Dundee Ford) – Boyle and Roumeliotis will be on location in Vancouver throughout the weekend providing fans with thorough digital coverage of the Draft, which will include draft capsules of every Blackhawks draft pick, along with scheduled interviews featuring Blackhawks SVP/GM Stan Bowman and VP/Amateur Scouting Mark Kelley. NBC Sports Chicago will also deliver up-to-the-minute coverage/commentary throughout the weekend via NBC Sports Chicago’s dedicated Blackhawks Twitter handle @NBCSBlackhawks and on the “MyTeams by NBC Sports” app. In addition, “Sights & Sounds” moments from Rogers Arena will be provided from ‘NBCSChicago’ through Instagram and Instagram Stories. For full NHL Draft player profiles, content, and videos, fans are urged to visit the network’s dedicated Blackhawks section at NBCSportsChicago.com/Blackhawks.    
  • “Blackhawks Talk PODCAST presented by ChevyDrivesChicago.com” - NBC Sports Chicago will also deliver NHL Draft preview/recap editions of its “Blackhawks Talk PODCAST” featuring Boyle, Roumeliotis, along with special guest interviews. Fans can download all of NBC Sports Chicago’s podcasts at NBCSportsChicago.com/podcasts and simply subscribe to them via Apple Podcasts, Google Play or Stitcher.  The podcasts can be played on any mobile device, laptop, or desktop computer.

 

 

NBC Sports Chicago, a partnership between the Chicago Blackhawks (NHL), Chicago Bulls (NBA), Chicago Cubs (MLB), Chicago White Sox (MLB) and the NBC Sports Group, features over 275 live pro games in high definition each year.  In addition, NBC Sports Chicago delivers extensive pre/post-game coverage for its core pro team partners, as well as Chicago Bears postgame coverage, local sports discussion programs that includes SportsTalk Live, and massive cross-platform coverage provided by the network’s growing digital platform, NBCSportsChicago.com, the new “MyTeams by NBC Sports” app, and its variety of fan-focused social media outlets. Fans can follow the network on Twitter via @NBCSChicago.  

 

NBC Sports Regional Networks is NBC Sports Group’s portfolio of nine regional networks that delivers more than 2,200 live sporting events and original content to more than 35 million homes. Aligned within Eastern and Western Divisions, the NBC Sports Regional Networks are: NBC Sports Boston, NBC Sports Philadelphia, NBC Sports Philadelphia +, NBC Sports Washington, NBC Sports Washington + and SNY; and NBC Sports Bay Area, NBC Sports California, NBC Sports Chicago/NBC Sports Chicago+, and NBC Sports Northwest. For more information on NBC Sports Group properties, including press releases, photos, talent and executive bios, headshots and logos, please visit www.NBCSportsGroupPressBox.com.

 

 

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Both Illinois House and Senate pass bill to legalize sports gambling

Both Illinois House and Senate pass bill to legalize sports gambling

When the Supreme Court lifted the federal restriction on legal sports betting outside of Nevada in May 2018, it was off to the races to see which states would legalize sports betting and how it would happen.

Illinois is on the verge of that happening following a legal sports betting bill getting passed in both the Illinois House and Senate. It passed 87-27 in the House on Saturday and passed 46-10 in the Senate on Sunday. All that is missing is governor J.B. Pritzker’s signature, but he is expected to sign given he has been a proponent of legal sports betting.

The bill would allow for betting in sports venues such at Soldier Field or the United Center, but it isn’t yet clear how that would be implemented. Betting on Illinois college teams would be banned as part of the proposal.

Sports betting would be taxed at 15 percent.

Additionally, the bill includes casinos that would be built in Chicago as well as Waukegan and the south suburbs. The bill would also make it possible to have slot machines at O’Hare and Midway airports.

It is not clear when the bill would take effect.