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Archives for March 2021

PGA Tour: Valero Texas Open First Look

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SAN ANTONIO  – (A Sneak Peek from PGA Tour Brunch) –  Due to COVID-19, the Valero Texas Open was not held in 2020 so 2019 winner Corey Conners returns as defending champion. In 2019, Conners became the first Monday Qualifier to win on Tour since 2010.

After top-five finishes in three of last five stroke-play events, Jordan Spieth will make his sixth Valero Texas Open start.

Eight past champions are playing this week, including: Zach Johnson (2008, 2009), Brendan Steele (2011), Martin Laird (2013), Jimmy Walker (2015), Charley Hoffman (2016), Kevin Chappell (2017), Andrew Landry (2018) and Corey Conners (2019).

A win at the Valero Texas Open is the final opportunity to earn a spot for next week’s Masters Tournament. The Texas Open is being contested the week before the Masters for only the third time in the last nine years (2013, 2019, 2021).

Weather: Thursday weather calls for sunny skies, 57-degrees with 13 mph winds. Friday forecast is partly cloudy and 61 degrees. A ZERO chance of rain both days.

Field Updates:

Jerry Kelly OUT / Rhein Gibson IN (Sean O’Hair replaces Kelly in Pro-Am)

Dustin Johnson OUT / Ryan Brehm IN (John Huh replaces Johnson in Pro-Am)

THIS WEEK on the PGA TOUR: Valero Texas Open: 4/1-4/4

COURSE: TPC San Antonio, San Antonio, Texas

ARCHITECTS: Pete Dye and Greg Norman

YARDS/PAR: 7,492 yards/Par 72

PRIZE Money/First Place Winnings: $7,700,000/$1,386,000

DEFENDING Champion (2019) Corey Conners – (Leaderboard link)

PAST RESULTS: (link)

PAST CHAMPIONS of Event: (link)

FEDEx CUP Points Available/Winner Share: 2,989/500

SOCIAL MEDIA: #PGATour #FedEXCup #ValeroTexasOpen

TV COVERAGE: Thursday, April 1 and Friday, April 2: 4:00pm to 7:00pm (EDT) on Golf Channel. Saturday, April 3 – Early coverage on Golf Channel from 1:00pm to 3:30pm and the switch to NBC for 3:30pm to 6:00pm (EDT) on Saturday and then Sunday, April 4 Golf Channel coverage from 1:00pm to 2:30pm EDT then the switch to NBC for 2:30pm to 6:00pm EDT.

STREAMING: PGA Tour Live will offer streaming coverage of Featured Groups on Thursday and Friday from 8:15am to 7:00pm (EDT). Twitter will offer free coverage both days from 8:15am (EDT) to 9:30am.

PGA TOUR RADIO COVERAGE: Thursday – Friday – 1:00pm to 7:00pm (EDT); then Saturday and Sunday, 1:00pm to 6:00pm (EDT)) on Sirius XM Satellite Radio. PGA Tour Radio is available on Sirius 208/XM 92) or online on PGATour.com.

FSG Makes Formal Announcement on James, RedBird Partners Investment

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BOSTON – Fenway Sports Group (FSG), a global sports, marketing, media, entertainment, and real estate platform, announced a significant investment into the company by RedBird Capital Partners (RedBird). The deal is part of an ongoing strategic alliance between the two companies that will focus on the active pursuit of growth opportunities for FSG.

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In addition to the organic growth anticipated for FSG’s current portfolio, the partnership with RedBird will enhance the company’s ability to develop and launch new businesses modeled after successful growth companies built by Gerry Cardinale and RedBird. FSG and RedBird will also develop opportunities for strategic acquisitions in sports, including teams and venues, media and related businesses that enhance or extend FSG’s existing platform.

The investment by RedBird into FSG is based on an enterprise valuation for FSG of $7.35 billion. As part of the overall transaction, LeBron James, Maverick Carter and their longtime business partner Paul Wachter will exchange a previously held interest in Liverpool Football Club and become part of FSG’s ownership group along with RedBird.

FSG leadership, comprised of Principal Owner John W. Henry, Chairman Tom Werner and President Mike Gordon said, “Over the years, Fenway Sports Group has been able to attract a dedicated group of executives and partnerships seeking to compete for titles in the most challenging and rewarding landscapes. Our strategic partnership with Gerry and the entire team at RedBird will enhance our ability to pursue future growth opportunities in a more accelerated way but with the same selectiveness that has served us so well.

“We are also pleased to welcome to our ownership group LeBron, Maverick and Paul, with whom we have enjoyed a successful collaboration for well over a decade. Their addition is an important milestone for FSG and expands and deepens a longtime friendship and relationship that began in 2010.

“To our fans and supporters: Winning continues to be the driving force for all of us. The growth of FSG as an organization allows us to further strengthen our resources and commitment to the communities we serve, and we look forward to having these talented new partners join us in the next chapter of FSG’s evolution.”

Gerry Cardinale, Founder and Managing Partner of RedBird, said, “Fenway Sports Group is unique not only for the quality of its sports properties and assets, but for the highly disciplined, results-oriented organization that John, Tom, Mike and the FSG team have built over the past 20 years. RedBird shares the same passion for performance-driven investing, business operations, fan experience and service to the community. We look forward to contributing our experience growing premier sports properties and working alongside this tremendous leadership team, including our fellow new owners LeBron, Maverick and Paul.”

“Working with Fenway Sports Group for the past decade has taught LeBron and me so much about the business on a global scale, and we’ve always believed it would lead to something bigger,” said Maverick Carter. “We are proud to be part of this iconic ownership group and are excited about the opportunities that come with that to continue creating change and empowering people of every race, gender and background to be part of the process.”

The transactions were unanimously voted on by FSG partners on Tuesday, March 16, 2021. The deal is scheduled to close on Wednesday, March 31, 2021. Bank of America served as financial advisor to FSG, and Goldman Sachs served as financial advisor to RedBird on the transaction. Shearman & Sterling served as legal advisor to FSG, while Fried Frank served as legal advisor to RedBird.

In addition to new owners RedBird Capital, LeBron James, Maverick Carter and Paul Wachter, as a part of this transaction Red Sox President & CEO Sam Kennedy will be converting his previously held long-term incentive plan interests into an interest in FSG and will become part of the FSG ownership group.

ShotTracker Obtains Added Financing

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KANSAS CITY – (Source: Official News Release) –  DDSports – doing business as – ShotTracker, a revolutionary sports technology that captures rich performance data via sensors and provides statistics and analytics with sub-second latency, today announced a new round of financing by Hearst Ventures, the venture capital unit of Hearst. The $2 million investment by Hearst Ventures is in addition to an $11 million USD investment led by Evertz Technologies Limited (Evertz) and Verizon Ventures, which was announced earlier this year. It completes the current funding round for the company.

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Early funding for ShotTracker came from a group of investors, including the late David Stern, former NBA Commissioner and Earvin “Magic” Johnson, among others.

“We are proud to have brought on Hearst Ventures as our latest investment partner,” said ShotTracker Chief Executive Officer Bill Moses. “Their expertise and knowledge of the media partnerships space will be pivotal as we refine and grow not just our offering to NCAA men’s and women’s basketball programs, but to broadcast partners as well. That broadcast integration has been the most requested element for our technology and we feel will be a key for our growth in the coming years.”

“Our goal with ShotTracker from day one is to go beyond the work we do with our partner schools,” said ShotTracker Co-Founder and President Davyeon Ross. “This investment, on top of our work with Evertz and Verizon Ventures, gives us a much wider runway and a greater opportunity for scaling success of our business going forward. We will continue to focus on our platform for NCAA men’s and women’s basketball, but additional opportunities are now coming into focus that will make this partnership very important for us.”

ShotTracker brings elite-level, real-time analytics to the court. The company’s patented technology tracks data in three parts: a ShotTracker-enabled ball, sensors on players’ jerseys and court sensors that map the court in 3D. Data is processed through the company’s proprietary algorithm displayed on the ShotTracker app and dashboard and is also integrated with Evertz’s cloud-based live production solutions. The real-time data can be used to automate camera productions from remote locations and can be licensed by media and sports data companies and will be enhanced by all the innovation Verizon is bringing through their cutting-edge work in 5G.

Red Sox Lose to ATL on Last Day of Spring Training

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FORT MYERS – The Boston Red Sox (16-11) dropped a 5-3 decision to the Atlanta Braves (15-13) in the final Spring Training Grapefruit League game for both  teams today at jetBlue Park. The Red Sox will now pack-up the gear and head north to Fenway Park for Thursday’s home opener against the Baltimore Orioles. Although today’s forecast in Boston was for a perfect spring day, Thursday’s weather calls for afternoon showers and an 80% chance of rain. First pitch is schedule for 2:10pm Thursday.

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Braves reliever Drew Smyly earned the win and Boston RP Martin Perez took the loss while Braves ace Mike Soroka earned a save in the seven inning game. OF Jarren Duran homered off Soroka in the 7th. Perez allowed four runs on four hits in 5.0 innings pitched. He walked two and struck-out five Braves but allowed a two-run homer to Ozzie Albies in the 5th inning.

On Monday, Boston defeated Atlanta, 4-0, behind three long-balls in the 3rd inning and solid pitching. With one out and no base runners, infielder Enrique Rodriguez homered to left field, J.D. Martinez solo homered to left-center and after a Xander Bogaerts single, utility man Marwin Gonzalez homered to right to complete the scoring.

Tanner Houck went 4.1 innings to start for the Sox and he was relived by Kaleb Ort (0.2 inn), Austin Brice (1.0 inn) and Darwinzon Hernandez (1.o inn) to complete the four-hit shutout in a 7 inning game. The Braves used six pitchers and a total of 21 players in the home loss.

 

Sports Biz: Draft Kings Acquires VSiN

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BOSTON – DraftKings announced that it has acquired Vegas Sports Information Network (VSiN) , a multi-platform broadcast and content company delivering trusted sports betting news, analysis, and data to U.S. sports bettors since 2017. The acquisition will enable DraftKings, which is live with mobile and/or retail sports betting in 14 states, to further build out its content capabilities and will augment VSiN’s ability to broaden their audience alongside the expansion of legal sports betting in the U.S.

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“VSiN creates authentic and credible content that resonates with sports bettors at every level, whether they’re experienced or new to sports betting,” said Jason Robins, DraftKings’ co-founder, CEO and Chairman of the Board. “In addition to its brand equity among sports bettors and engaging talent roster, VSiN also has an established infrastructure that DraftKings can immediately help expand, in the hopes of adding value to consumers who are looking to become more knowledgeable about sports betting.”

VSiN, which operates out of Las Vegas, develops, produces, and distributes up to 18+ hours of live linear sports betting content each day. In addition to its 24/7 stream, VSiN’s original content is accessible through multiple video and audio channels including Comcast Xfinity, Sling TV, fuboTV, Rogers’ Sportsnet, MSG Networks, NESN, AT&T Pittsburgh, Marquee Sports Network, a dedicated channel on iHeartRadio and TuneIn, as well as terrestrial radio stations throughout the country, and its growing slate of podcasts and betcasts. VSiN’s current talent roster includes Brent Musburger, legendary sports broadcaster; Michael Lombardi, former NFL executive; Gill Alexander, host of the Beating the Book podcast; and Pauly Howard and Mitch Moss, co-hosts of VSiN’s popular morning show, Follow The Money.

“We created VSiN as a destination for sports bettors to find the most credible content to help inform their wagering decisions,” said Brian Musburger, CEO of VSiN. “Harnessing the power and network of the DraftKings brand will allow us to reach an even wider audience with our unique content.”

DraftKings’ vision is for Musburger and his leadership team to continue to manage day-to-day operations while maintaining editorial independence. DraftKings intends to fully integrate VSiN’s current employee base located in Las Vegas, including its on-air talent, into its 2,600 person global workforce. Since opening a Las Vegas office in January 2020, DraftKings has grown its local employee base by 132%. The Company also recently announced a multi-year agreement to become a primary sponsor of the Center for Gaming Innovation, housed within the International Gaming Institute at the University of Nevada, Las Vegas.

NBA Sets 2021 Draft Date

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NEW YORK – The NBA announced that NBA Draft 2021 presented by State Farm, is scheduled for  Thursday, July 29, beginning at 8pm EDT. The first round will be televised by ESPN and ABC, and the second round will air on ESPN.

The NBA also announced additional key dates relating to the draft.

NBA Draft Combine: Subject to evolving public health conditions, Microsoft Surface NBA Draft Combine 2021 is scheduled to take place Monday, June 21 through Sunday, June 27. ESPN networks plan to televise the NBA Draft Combine, with coverage featuring five-on-five games and strength and agility testing.

NBA Draft Lottery: NBA Draft Lottery 2021 will take place on Tuesday, June 22, airing on ESPN at 8:30 p.m. ET.

NBA Early Entry Application and Withdrawal Deadlines: The deadline for an early entry player to apply for this year’s NBA Draft is Sunday, May 30 at 11:59 p.m. ET. The deadline for an early entry player to withdraw from the NBA Draft is Monday, July 19 at 5 p.m. ET.

Additional information regarding the Draft, Combine and Lottery, including the location for each event, will be announced as details are finalized.

Basketball Africa League: Debuts in May

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DAKAR – (Source: Official FIBA News Release) – The Basketball Africa League (BAL) announced that the league’s historic inaugural season will tip off Sunday, May 16 at the Kigali Arena in Kigali, Rwanda, with 12 teams from the continent of Africa competing in the new professional league.

The BAL, a partnership between the International Basketball Federation (FIBA) and the National Basketball Association (NBA), builds on the foundation of club competitions FIBA Regional Office Africa has organized on the continent and marks the NBA’s first collaboration to operate a league outside of North America. The first BAL Finals will be held Sunday, May 30.

The BAL has created robust health and safety protocols for the 12 teams and personnel traveling to Rwanda, based on guidance from the World Health Organization and the Africa Centres for Disease Control and Prevention, with advice from public health officials and medical experts.

“We are thrilled that the inaugural Basketball Africa League season will take place at the world-class Kigali Arena,” said BAL President Amadou Gallo Fall. “Through the BAL, we will provide a platform for elite players from across the continent to showcase their talent and inspire fans of all ages, use basketball as an economic growth engine across Africa, and shine a light on Africa’s vibrant sporting culture.”

“We are extremely happy to finally launch the highly anticipated first season of the BAL,” said FIBA Africa and BAL Board President Anibal Manave. “FIBA and the NBA have been working closely together to develop protocols to address the health and safety of all players, coaches and officials. The experience of hosting the FIBA AfroBasket 2021 Qualifiers in Rwanda late last year will contribute to a safe and successful inaugural BAL season.”

The league today also announced an adjusted competition format for the inaugural season, which will feature a total of 26 games at the Kigali Arena. The competition will tip off with an 18-game group phase with the 12 teams divided into three groups of four. During the group phase, each team will face the three other teams in its group once. The top eight teams from the group phase will qualify for the playoffs, which will be single elimination in all three rounds.

Below are the 12 club teams from 12 African countries that will compete in the inaugural BAL season:

COUNTRY TEAM
Algeria GSP (Groupement Sportif des Pétroliers) **
Angola Petro de Luanda (Clube Atlético Petroleos de Luanda) *
Cameroon FAP (Forces Armées et Police Basketball) **
Egypt Zamalek*
Madagascar GNBC (Gendarmerie Nationale Basketball Club)**
Mali AS Police (Association Sportive de la Police Nationale) **
Morocco AS Salé (Association Sportive de Salé) *
Mozambique Ferroviàrio de Maputo**
Nigeria Rivers Hoopers BC (Rivers Hoopers Basketball Club)*
Rwanda Patriots BC (Patriots Basketball Club)**
Senegal AS Douanes (Association Sportive des Douanes) *
Tunisia US Monastir (Union Sportive Monastirienne)*
*Champion from national league that earned representation in the inaugural BAL season
**Secured participation in the inaugural BAL season through a BAL qualifying tournament

Champions from the national leagues in Angola, Egypt, Morocco, Nigeria, Senegal and Tunisia earned their participation in the inaugural season.  The remaining six teams, which come from Algeria, Cameroon, Madagascar, Mali, Mozambique and Rwanda, secured their participation through BAL qualifying tournaments conducted by FIBA Regional Office Africa across the continent in late 2019.

The BAL groups and additional details about the league will be announced at a later date.

Sports Biz: Tour and Travelers Ink Deal

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HARTFORD, CT – (Official News Release) – The Travelers Companies, Inc. and PGA TOUR  announced that they have reached an agreement to extend Travelers’ title sponsorship of the Travelers Championship through 2030. The company has been a partner of the tournament since its inception in 1952 and has served as title sponsor since 2007. This agreement will make Travelers the longest-running title sponsor in the event’s history.

As part of the sponsorship extension, Travelers will remain the Official Property Casualty Insurance Provider of the PGA TOUR, PGA TOUR Champions and Korn Ferry Tour.

“So many historic and exciting moments in golf have happened at the Travelers Championship over the years, but it’s the amazing moments that are made off the course that capture the real value of our hometown tournament,” said Alan Schnitzer, Chairman and Chief Executive Officer at Travelers. “As a company rooted in taking care of its customers and communities, the charitable mission of the Travelers Championship reflects who we are as an organization. This tournament is important to so many people across the region – both as an economic driver for the state and as a funding source for hundreds of charities – and we are proud to continue its legacy for years to come.”

Since Travelers became title sponsor, the tournament has generated more than $20 million for nearly 800 nonprofits. All net proceeds from the Travelers Championship go to charity, and the funds raised each year have increased substantially, from $650,000 in 2007 to $2.1 million in 2019. The 2020 Travelers Championship, held as a TV-only event due to COVID-19 restrictions, generated more than $1.6 million.

“The Travelers Championship has established itself as a premier PGA TOUR event, thanks to the inspirational leadership provided by Travelers, the dedication of thousands of volunteers and the passionate fans who watch or attend every year,” said PGA TOUR Commissioner Jay Monahan. “Connecticut and the PGA TOUR are fortunate to have a company like Travelers that helps deliver an outstanding experience every year for our players, for golf fans and for local nonprofits. We are extremely excited about the future of the Travelers Championship.”

The tournament has been recognized with 15 “Best Of” awards from the PGA TOUR over the past several years, including Tournament of the Year in 2017, Players Choice in 2017 and 2018, and Most Fan Friendly Event in 2010, 2012 and 2017.

“The Travelers Championship wouldn’t be possible without the overwhelming support we receive from people across the state and the thousands of volunteers who help each year,” said Andy Bessette, Executive Vice President and Chief Administrative Officer at Travelers. “The event may be branded with our company name, but this is really Connecticut’s tournament. Together, we have made it one of the best stops on the PGA TOUR for players and fans.”

With Travelers as title sponsor, many significant enhancements have been made at TPC River Highlands, including the addition of a 23-acre practice facility, a multimillion-dollar course improvement project and a 40,000-square-foot clubhouse, which opened prior to the 2019 Travelers Championship. The tournament purse has also increased by $200,000 annually for six straight years, reaching $7.4 million in 2020.

Red Sox: Coming Down the Stretch from Spring Training to Opening Day

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FORT MYERS – The Boston Red Sox won each of their last two games following a two-game losing streak. Boston has not lost more than two consecutive games at any point this spring.

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Today marks the eighth of nine scheduled Grapefruit League meetings between the Red Sox and Braves (Red Sox lead, 4-3). The teams will close out their spring training schedule against each other today in North Port and tomorrow at jetBlue Park.
The Sox and Braves will play each other 4 times in the regular season, with 2 games at Fenway Park (May 25-26) and 2 at Truist Park (June 15-16). The Sox went 2-4 vs. ATL in 2020, finishing the season by taking 2 of 3 games in Atlanta from September 25-27.

Sox Manager Alex Cora announced that SP Nathan Eovaldi will start the Red Sox’ Opening Day game against the Orioles on April 1. Eovaldi’s 1st career Opening Day start came last year against BAL, when he allowed 1 run in 6.0 IP. In his final 4 starts of 2020, Eovaldi posted a 0.86 ERA (2 ER/21.0 IP) with 25 SO and 2 BB, allowing 0 runs in his final 13.0 IP. On the season, he averaged a career- best 9.68 SO/9.0 IP and ranked 7th in the majors in SO/ BB ratio (7.43), walking only 7 of his 199 batters faced.

 

PGA Tour: WGC Dell Tech Match Play & Corales Puntacana Champ Wrap-Up

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By TERRY LYONS

It was a big weekend in PGA Tour golf with two tournaments in play, including the prestigious World Golf Championship – Dell Technologies Match Play competition in Austin, Texas. There was an interesting suggestion that the PGA Tour consider adding a “real” fifth major and making it a Match Play event. (The PLAYERS Championship has long been considered the “fifth” major).

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Here’s the weekend round-up:

World Golf Championship Dell Technologies Match Play Review & Notes

Billy Horschel defeated Scottie Scheffler in the Championship Match, 2 and 1, to earn his sixth career PGA Tour victory and first individual title since the 2017 AT&T Byron Nelson in Dallas.

Horschel has a win and runner-up in the first two World Golf Championships events of the season (T-2) at the WGCWorkday Championship at The Concession). Scottie Scheffler also finished in the top five at both those events.

With the win, Horschel becomes fully exempt on the PGA TOUR through the 2023-24 season.

Scheffler’s runner-up marks his career-best finish on TOUR

With his victory in the Consolation Match, 2013 champion Matt Kucharcollected his 34th match win, to draw to within two of Tiger Woods’ tournament record.

Corales Puntacana Championship: Review & Notes

Joel Dahmen won his first title in his 111th career start on Tour, at the age of 33 years, 4 months, 17 days. Dahmen opened his final round with four birdies en route to a front-nine 32. He played the back nine in 7-under this week as his only hiccups came during the final round with bogeys on Nos. 11 and 14.

Rafael Campos finished with a career-best T-2 in his 37th Tour start.

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