Sports Business

Sports Business '15 to Watch': Gearing up for the British Open

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Sports Business '15 to Watch': Gearing up for the British Open

1. Gearing up for the British Open. With his victory at the U.S. Open, golfer Jordan Spieth has all but claimed the title of most marketable player on the PGA Tour. Counting his endorsement income from sponsors such as Under Armour, AT&T, Titleist, and Rolex, Spieth can expect to take home at least $25 million per year. Spieth's agent, Jay Danzi of Lagardere Unlimited, said that Spieth has had “more than 20 new offers but will be very selective in adding partners, and then only if they fit an overall brand strategy.” Unprecedented excitement at St. Andrews two weeks from now – last British Open for Tom Watson; Jordan Spieth opportunity to win the third leg of the Grand Slam; Tiger Woods playing a course he “masters.” Economic impact unparalleled every five years as the rotation favors Scottish tourism!

2. Wimbledon begins this week; unofficially shifting the “center of the mega-event summer sports business to Europe. While Wimbledon and the British Open carry the day, other major events abound. Globecast provided distribution of 10 channels to rights holding broadcasters in Southeast Asia for the 28th Southeast Asia Games in Singapore. The SEA Games were conceived as a means to help forge strong regional cooperation, understanding, and unity within the Southeast Asian community. Of the trillion dollar sports business, nearly 45 percent is directly or indirectly related to media. Look for increased significant long-term media development partnerships to carry the day.

3. Cities protect their investment. United States Conference of Mayors Professional Sports Alliance reviews best practices at the Annual Mayors Meeting in San Francisco last week. Additionally, SportsManias is hosting its inaugural City Summit event in Orlando this Tuesday at the Amway Center. The event will include two panels about Orlando’s pro and amateur sports landscape, featuring some of the region’s top sports executives. For the true diehard sports fan, SportsManias is the easiest, fastest, most complete source of team news on the web and mobile. Look for more of these meetings to inspire communities and decision-makers on the “best practices” to expand their professional sports interest; facility development; economic impact; and public/private partnerships. More to come!

4. The name game. As originally reported by The Tennessean, 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 Tennessee Titans reached a 20-year naming-rights deal with Nissan North America valued at $5-6.5 million annually. LP previously had a 10-year naming-rights agreement with the team, worth $3 million per year. The Titans plan to rename their home venue Nissan Stadium. U.S. Bank Stadium in Minneapolis, Golden 1 Arena in Sacramento, and the controversy over Wells Fargo Center in Philadelphia – corporations spend nearly $14 billion annually on naming stadiums, arenas, convention centers, and the like. Deals must create a win-win for all sides, and be easily understood by the fan/customer/consumer.

5. Deflate-gate; text-gate; spy-gate; hacking-gate; now salary cap-gate. As originally reported by Philadelphia Inquirer, 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 NBPA is investigating the Philadelphia 76ers for violating the spirit of the CBA by salary cap tampering. The Sixers were way below the cap floor until they made late-season acquisitions, which added the players’ full-season salaries to the cap while the team paid only a fraction of the contracts. Whether this is a legitimate, legal loophole or a breach of faith, Commissioner Adam Silver has proven that he will not tolerate shenanigans with the integrity of the game.

6. NHL heading into the off-season. The NHL will open a formal expansion process this summer, and Commissioner Gary Bettman said that the minimum cost for a team would be $500 million. The NHL is likely to grow by two teams starting with the 2017-18 season, with Las Vegas, Seattle, and Kansas City among the possible expansion markets. Commissioner Bettman is a seasoned veteran when it comes to expansion processes. Look for an organized, orderly, sophisticated analysis of expansion in general, and emerging markets in specific.

7. NBA heading to its short summer break. ABC over the course of the six-game NBA Finals generated an estimated $224 million in ad sales revenue. All told, 190 brands bought ad time during ABC’s broadcasts, with movie studios promoting upcoming summer releases among the biggest spenders. Adam Silver and his marketing folks continue to do a masterful job in developing long-term partnerships with entertainment entities, major sponsors, and other partners. NBA franchise values increased 78 percent last year. While no $2 billion Steve Ballmer/Clippers transaction will impact the numbers this year, look for consistent and steady growth in the years ahead.

8. Pete Rose Hall of Fame hearing? A notebook obtained by ESPN’s Outside the Lines found that Pete Rose bet on baseball while he was still a player. While there was no indication that Rose ever gambled against his team, the documents debunk his longstanding claim that he only bet on baseball as a manager. As the annual Hall of Fame celebration in Cooperstown approaches, Commissioner Manfred indicates that Pete Rose will ultimately be able to state his case. Unfortunately, this information could not come at a worse time for him.

9. Latest in the “race to Los Angeles” saga. San Diego officials are accusing the Chargers of changing demands during stadium negotiations. Chargers officials said they haven't wavered on wanting a new stadium, but city representatives think the team’s inconsistencies indicate that they would rather move to Los Angeles. Look for ongoing drama in St. Louis, Oakland, and San Diego as the teams, cities, and business communities joust for a final deal before the end of the NFL regular season. Obviously, the leverage of Englewood and Carson (combined by a specific NFL deadline) will expedite the process to its logical conclusion.

10. Baseball Internet carries the day. MLBAM is in talks with investment bankers to spin off its non-baseball division, which has been valued at around $3 billion. MLBAM technology is used to stream a variety of non-baseball content, including HBO and Sony programming, WWE events, and NHL games. Commissioner Manfred runs a business of over $36 billion cumulative team value – large part includes the entrepreneurial Internet business. Clearly, the value of a joint and shared process among all teams carries the day in this perspective.

11. Tinkering with the game: Part One. The NHL’s Board of Governors voted to change overtime to a 3-on-3 format for a five-minute period in regular-season games tied at the end of regulation. Previously, the NHL played 4-on-4 overtime. Regular-season games tied at the end of overtime will continue to be decided by a shootout. An accommodation to the “casual fan” as opposed to the “hockey purists,” the rule will undoubtedly generate more significant regular season excitement – very good for the NHL.

12. Tinkering with the game: Part Two. The NBA is moving forward with its plan to seed conference playoff teams 1-8 regardless of division winners. Under the previous format, a division winner was guaranteed a top four seed in each conference. Just like the NASCAR Sprint Cup and PGA Tour FedEx Cup, NBA continues to “tinker” with its playoff format to maximize acceptability, awareness, visibility, and interest.

13. Crowded Olympic 2024 field. Paris and Rome each announced their intention to bid on hosting the 2024 Summer Games. Paris last hosted the Olympics in 1924, while Rome held the Games in 1960. Both bids are expected to have a budget of around $7 billion. Boston is broadening its footprint to generate additional statewide support. At the same time, the 2024 field crowds with major contenders. Public/private partnership campaign in Boston needs a solid cohesive business plan in order to take advantage of the “newfound positive relationship” between the IOC and USOC.

14. Playing with fire. The Glendale City Council decided it would not rescind its vote to terminate the Arizona Coyotes’ 15-year, $225 million agreement to operate Gila River Arena. Team officials will explore relocation if they lose a legal battle with the city. Cities like Houston, St. Louis, Cleveland, Baltimore, and others can testify about the significant difficulties and incremental costs involved in returning a professional sports franchise after the previous one leaves.

15. More Olympic protection. The USOC is taking a more aggressive role in promoting and protecting low-revenue college sports, according to Ben Fischer of SportsBusiness Journal. Popular Olympic sports such as swimming, wrestling, and gymnastics have faced cutbacks in spending over the last three decades. As showcased on Universal Sports “Beyond the Medals: The Business of Sport” last week, college designation of “emerging sports” for triathlon and others will help generate funding, awareness, and excitement.

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.