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- Sport & Story Daily October 15, 2024
Sport & Story Daily October 15, 2024
NFL’s Revenue Goals Within Reach
Goodell’s Lofty NFL Revenue Goals Close to Fruition
October 15, 2024
Good morning! NFL’s revenue goals are within reach
Getty Images
National Football Foundation Debuts Good in the Game Podcast as Part of New Direct-to-Consumer Content Network
The NFL is nearing "an audacious target" for revenue of hitting $25B by 2027 that NFL Commissioner Roger Goodell initially set back in 2010, according to a cover story by Ken Belson in the Sunday Business section of the N.Y. TIMES. Goodell’s 18-year stewardship of the league has involved a “series of aggressive moves over the past two decades” that have made the NFL the “wealthiest sports league in the world,” according to Ken Belson of the N.Y. TIMES. The league generated “about” $8B at the time of Goodell's goal.
Sports Business Journal
National Football Foundation’s ‘Good in the Game Podcast’ Debuts First Episode Today
The National Football Foundation has released its debut episode of the Good in the Game podcast. 2022 College Football Hall of Famer LaVar Arrington hosts and is joined by Ohio State legend still to this day, Archie Griffin. The two dive into Archie's career, who his influences were as a kid, fumbling on his first career carry at OSU, playing for Woody Hayes and what the game of football has meant to him on and off the field.
Sport & Story Daily
The NBA Has Entered a New Era of Parity. How Did We Get Here and What’s Next?
“It’s not necessarily artificial parity where we keep moving the chips around and saying we want to go into every season and make sure every team has an equal chance,” NBA commissioner Adam Silver said last month about the lack of a dynasty in recent years. “It is parity of opportunity in that you want each team to be in a position where if, well managed, they’re in a position to compete.”
The Atlantic
Dylan Buell/Getty Images
Knicks Resurgence Driving Value for MSG Sports
Sportico’s Eric Jackson writes, “More postseason games at Madison Square Garden is good news for parent company MSG Sports, which reeled in $1 billion in revenue last year in large part due to the success of the Knicks and the New York Rangers. Last season was the first since 2013 that saw both MSG teams reach at least the second round of the playoffs in the same year. This could start to become the new normal as the Rangers are also situated to make another run at the Stanley Cup this season.”
Sportico
NASCAR, IMSA in Talks on Joint Race Weekend
Per SBJ, NASCAR Holdings’ leadership has been discussing working together with its IMSA sports car property on a future race event in which both series compete. IMSA concluded its ’24 IMSA WeatherTech SportsCar Championship season with Saturday’s 10-hour Motul Petit Le Mans race at Michelin Raceway Road Atlanta on NBC and USA Network.
Sports Business Journal
WNBA and Players’ Union Closing in on Opt Out Date for Current Collective Bargaining Agreement
As AP News’ Doug Feinberg reports, “The players union and league have until Nov. 1 to potentially opt out of their current collective bargaining agreement. It is likely that the players will decide to do so before the deadline as they have a list of wants, including increased salaries now that the WNBA has entered a historic 11-year media rights deal with Disney, Amazon Prime and NBC for $200 million a year.”
AP News
Yankees-Guardians American League Championship Series to Feature Analytics-Focused Alt-Cast on truTV
SBJ’s Joe Lemire writes, “TNT Sports will air two versions of the American League Championship Series: the traditional broadcast on TBS and, for the first time with its baseball coverage, a DataCast that will emphasize advanced metrics on truTV.
“While mainstream viewers of Yankees-Guardians will still be able to listen to the Brian Anderson-hosted coverage, DataCast will feature JP Morosi on the call, joined by MLB stats analyst Mike Petriello and former All-Star outfielder Dexter Fowler.”
Sports Business Journal
CAA’s International Sports Bet & The Talent Murky Middle
Puck’s John Ourand writes, “Sports media agent Matt Kramer extemporizes about the agency’s shifting strategy and the overall evolution of the industry, in which the on-air talent market increasingly resembles the sports media rights economy writ large, with huge salaries for premium pundits and insiders (Stephen A., McAfee, Woj) and belt-tightening everywhere else.”
Puck
AP Photo/LM Otero
‘Shocker’ Has Cowboys at Crossroads as Jerry Jones Says He isn’t Considering a Coaching Change
“That would be a hypothetical,” Jerry Jones shot back during a news conference after being reminded he’d already made one midseason coaching change. “In that matter, do you think I’m an idiot? Do you? OK. Well, I’m not going to (be) hypothetical with you about would I consider a coaching change in light of the timing we’re sitting here with. I’m not. At all.”
AP News
Elevate Taps William DiBlasi as First CFO
Elevate has hired William DiBlasi as the company’s first CFO. DiBlasi has advised on or led financing for more than $10B in privately steered projects, including for the Yankees, Oak View Group, Sacramento Kings, Nets, Crew, Austin FC, City Football Group, FC Barcelona, Tottenham Hotspur, Inter Milan and AS Roma, as well as a further $15B in public sector sports-related projects.
Sports Business Journal
Roger Goodell Says He Wouldn't Be Surprised if a Super Bowl is Played Internationally
“We’ve always traditionally tried to play a Super Bowl in an NFL city — that was always sort of a reward for the cities that have NFL franchises,” Goodell told the Associated Press via Yahoo Sports. “But things change. It wouldn’t surprise me at all if that happens one day.”
Yahoo! Sports
Mixed-Use Project Around Denver's Ball Arena Plans to Expand Downtown
Kroenke Sports & Entertainment Senior Vice President Matt Mahoney worked on the Millennium Bridge project in a previous job. He has returned to the project solution with the 65-acre, privately financed mixed-use development KSE plans for Ball Arena. As SBJ’s Bret McCormick writes, “KSE wouldn’t disclose its investment in the project enveloping the home of the Denver Nuggets and Colorado Avalanche—both owned by KSE namesake Stan Kroenke—a three-year effort to this point that will easily cost billions of dollars, given the scale of what’s planned to unfold over 15 to 20 years.”
Sports Business Journal
Michael Wade/Icon Sportswire via Getty Images
FBS Pauper NMSU Makes ‘Outside the Box’ Play for State Funds
As Sportico’s Daniel Libit reports, “Ahead of next year’s legislative session, the Aggies, who compete in Conference USA, have presented New Mexico legislators with the idea of creating a $137 million endowment to help fund its women’s sports programs.
“While the endowment’s principal would remain with the state, NMSU athletics would receive about $5 million to $6 million in the annual income it produces, according to the proposal. Alternatively, NMSU is asking for a one-time appropriation of $27.5 million, to help float its women’s athletics programs for five years.”
Sportico
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