Sports
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Essential sports industry news & intel to start your day.
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February 28, 2023
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Today’s Top News
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Milwaukee Bucks co-owner Marc Lasry reportedly agreed to sell his roughly 25% stake in the NBA franchise to Cleveland Browns owners Jimmy and Dee Haslam at a $3.5 billion valuation. The pending transaction, which still requires league approval, marks the second-highest NBA team valuation after new Phoenix Suns owner Mat Ishbia purchased the franchise earlier this month from Robert Sarver for $4 billion. (ESPN)
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Super Bowl LVII reached 200 million unique viewers who watched at least one minute of the game, a 9% uptick from the originally reported figure of 183 million, according to the NFL, which commissioned a study in collaboration with Nielsen. The event’s average minute audience also should have been seen as 136 million viewers, up 20% from the 113 million originally counted by the audience and data firm, per the survey. (Sports Business Journal)
- SeatGeek Inc. will replace StubHub as MLB’s official ticket reseller, effectively immediately, in a five-year deal that will pay the league about $100 million per year through a revenue-sharing agreement, according to sources. All 30 MLB teams, whose official resale ticket rights were held by StubHub since 2007, will reportedly have access to SeatGeek’s data to help expand their fan bases and reach younger audiences. (Forbes)
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A MESSAGE FROM MORNING CONSULT |
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What Else You Need to Know
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Daniel Snyder’s demands anger NFL owners, renew talk of voting him out
Mark Maske et al., The Washington Post
Washington Commanders owner Daniel Snyder and his attorneys have demanded that fellow NFL franchise owners and the league indemnify him against future legal liability and costs if he sells the team, two people with direct knowledge of the NFL’s inner workings and the owners’ attitudes said.
Jeff Bezos Remains in Running for Washington Commanders
A.J. Perez, Front Office Sports
NFL owners have grown increasingly concerned over the pace of the Washington Commanders sale, fueled by reports that owner Dan Snyder won’t allow Amazon founder Jeff Bezos bid for the franchise.
How a disputed $55M loan plays into feds’ probe of Commanders
Don Van Natta Jr., ESPN
A $55 million loan has become a primary focus of federal prosecutors in Virginia who are investigating allegations of financial misconduct by Dan Snyder and the Washington Commanders, multiple sources with firsthand knowledge of the inquiry told ESPN.
Commanders release quarterback Carson Wentz after one season
Stephen Whyno, The Associated Press
The Washington Commanders released Carson Wentz on Monday, an expected move that puts an end to the one-season experiment with the veteran quarterback that did not work out.
Beyond the 40-yard-dash: How player tracking could modernize the NFL combine
Sam Fortier, The Washington Post
This week, player tracking will be front and center at the combine, which begins Tuesday in Indianapolis. That’s thanks to Zebra Technologies, a tech company whose products help shorten lines at Chick-fil-A, send email alerts when packages are delivered and scan mobile tickets for fans entering arenas.
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NBA, NBPA progressing in talks on reaching new CBA: Sources
Shams Charania, The Athletic
The sides have extended their mutual opt-out deadline during the process and currently have a March 31 deadline to reach an agreement on a new CBA, have one party opt-out or once again extend the process.
Sources: LeBron James feared out several weeks with foot injury
Dave McMenamin, ESPN
LeBron James is feared to be out several weeks with a right foot injury, sources told ESPN’s Adrian Wojnarowski on Monday. James is undergoing further testing and conversations to learn the full extent of the injury, which he suffered in the Los Angeles Lakers’ victory at the Dallas Mavericks on Sunday.
Michael Jordan’s Championship Air Jordans, Sneakerdom’s Most Elite Collection, Head to Sotheby’s Sale
Jacob Gallagher, The Wall Street Journal
The private offering of six MJ-worn sneakers, one from each Chicago Bulls championship game, could smash records, experts say.
LaMelo Ball breaks ankle, latest setback in rough season
Steve Reed, The Associated Press
LaMelo Ball’s frustrating, injury-plagued season could be over after the point guard broke his right ankle in Charlotte’s 117-106 win over the Detroit Pistons on Monday night.
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Why Jaromir Jagr Won’t Quit Playing Hockey
David Waldstein, The New York Times
The former N.H.L. star recently turned 51 and is wrapping up his 35th season playing pro hockey with Rytiri Kladno of the Czech Extraliga. As the team’s owner and its biggest draw on the ice, Jagr knows his hometown club’s survival is all on him.
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Opinions, Perspectives and Research
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