Sports Business Members of U.S. Congress Urge Washington Redskins to Change Team Name Congress sent out letters to NFL commissioner Roger Goodell, Redskins owner Dan Snyder and the rest of the 31 teams in the league. The letter says that Native Americans take offense to the nickname, as they consider it a racial and derogatory slur. TwoRead more →
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Sports Business ESPN Makes Harsh Sports Business Layoffs ESPN is set to make hundreds of layoffs. ‘The Worldwide Leader in Sports’ who is owned by Disney will reduce staff as well as avoid hiring for current unfilled positions. The company would not say how many jobs are being eliminated. ESPN has about 7,000 employees worldwide.Read more →
Sports Business Mayweather Tops Sports Illustrated’s List of 50 Richest Athletes in 2013 For the second consecutive year, welterweight boxer Floyd Mayweather topped Sports Illustrated’s annual list of the 50 richest athletes in professional sports. Last year, Mayweather took over the top spot from Tiger Woods, who had held the spot every year since SportsRead more →
Sports Business Why LeBron James Could Be The Most Underpaid Athlete in Sports Despite being one of the top 1% income earners in the world, one could make a case that LeBron James could actually be the most underpaid athlete in professional sports. James earns $16 million per season, the 13th biggest salary in the NBA. WhichRead more →
Sports Business SequentialT Captures Fan Data for Venues to Maximize Revenue SequentialT, founded in 2009 by Peter Kraft, Tracy Howe and John Kiely, captures fan data by issuing “FanIDs.” The program identifies fans at the sporting event by allowing fans to link their ticket to their FanID. The program also captures data on fans who areRead more →
Sports Business Robinson Cano Signs with Jay-Z’s Agency New York Yankees second baseman Robinson Cano announced last Tuesday that he fired agent Scott Boras and signed with an agency led by entertainment mogul Jay-Z. Cano is the first client that Jay-Z’s new agency – Roc Nation Sports – has signed. The superstar player from theRead more →
Sports Business Justin Verlander Becomes Highest Paid Pitcher In Baseball Detroit Tigers starting pitcher Justin Verlander signed a record $180 million contract on Friday making him the highest paid pitcher in the history of baseball. Just two months ago, Felix Hernandez of the Seattle Mariners had signed a seven-year contract worth $175 million, the richest contract forRead more →
Sports Business Fox Sports Buys Rights to New ‘Big East’ It was announced earlier this month that the Big East division would become a newly named division and have teams break away from it. For the time-being the media is calling it the old Big East. The new Big East division will feature the ‘CatholicRead more →
Sports Business March Madness Becoming One of the Most Valuable Sports for Advertisers Most fans think of sports advertising, they think of the Super Bowl. But now, college basketball is proving to be one of the most valuable sports for advertisers. In the last 10 years, the NCAA Division I Men’s Basketball Tournament, more commonly knownRead more →
Sports Business Adidas Unveils Wild Designs on New College Basketball Uniforms Adidas shook up the college basketball world on Thursday, unveiling new eye-catching uniforms that will be worn by six teams in postseason play. UCLA, Louisville, Baylor, Kansas, Notre Dame and Cincinnati will wear brightly colored jerseys and shorts with a camouflage pattern. The designs for UCLA,Read more →
Sports Business Floyd Mayweather Jr. is ‘Money’ Floyd Mayweather Jr., arguably the best pound for pound fighter in the world of professional boxing, is all about the money. He cares so much about the green that nis nickanme is ‘Money.’ The WBC welterweight champion was listed as the highest-paid athlete in 2012 according toRead more →
Sports Business Goodell’s Compensation Nearly Tripled in 2011 It was revealed this week when the NFL filed the league’s tax return that owners nearly tripled commissioner Roger Goodell’s compensation in 2011, paying him $29.49 million, which likely makes him the highest paid commissioner in sports. While Goodell’s salary paid him $3.12 million in 2011, mostRead more →
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