Sport & Story Daily June 24, 2024

Stay Ahead of the Game

June 24, 2024

Good morning! Athletic departments need a new revenue source.

Sports Betting Money Won’t Bail Out Cash-Hungry College Athletic Departments
When the COVID-19 pandemic hit athletic departments in 2020, many began lucrative marriages with betting operators.

Those athletic departments are again looking for cash after a settlement in the House v. NCAA case has them paying their student-athletes around $20 million per year, starting as soon as 2025. Only this time, public backlash has the universities turning away from betting operators and looking elsewhere.
^{Front Office Sports}

NBA, NFL Pros Back Dartmouth Labor Push As AFL-CIO Files For SEIU
The NCAA has “given up the ghost.” At least, that is what the sports council of the AFL-CIO, along with the NBPA and NHLPA, say. These groups are in favor of unions leading college athletes.
^Sportico

Sports were the life of the party for TV. Now they just might kill it.
As Anthony Crupi writes, “As programmers increasingly look to draw consumers to their over-the-top streaming services by moving more live sports to these digital platforms…cord-cutting is picking up steam.”
^Sportico

CBS, PGA Tour debut new drone tracer tech at Travelers Championship
As golf broadcasts all over the world continue to get more innovative, CBS had a first this weekend — airing moving drone footage of Tom Kim’s shot on the sixth hole at TPC River Highlands.
^{Sports Business Journal}

Another U.S. Takeover? Houston-Based Group In Talks With Everton
The storied English soccer club had a much-maligned takeover attempt from one American investment firm die recently. Not long after, it began progressing discussions with the Friedkin Group about acquiring a majority shareholding.
^{Front Office Sports}

Nixed Land Auction Puts Coyotes’ Future In Further Jeopardy
The Arizona State Land Commission has canceled an upcoming auction for land where the Arizona Coyotes’ owners were planning on building a $3 billion arena and entertainment complex, making it even harder to envision a future for the organization.
^Sportico

Crosby Field Officially Open for Business
Eastern Michigan Athletics has unveiled its new football field, named after Maxx Crosby, the two-time Pro Bowl alum. Crosby Field is believed to be the first in FBS named after an active player.
^{Eastern Michigan Athletics}

Ohio State bracing for budget shortfall of more than $10M for FY 23-24
The deficit is largely due to a reduced number of Buckeye football home games during the 2023 season.
^{Sports Business Journal}

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