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Archives for October 21, 2021

Sports Biz: Costacos Goes Digital

October 21, 2021 by Terry Lyons

SEATTLE – (Staff Report from Official News Release) – Award-winning artist John Costacos, who established a genre of sports art with his famed sports personality poster creations, along with co-founder and CEO Justin Moorad and Digital Art Director Mike Campau, unveiled a new blockchain-based digital collectibles company, the Costacos Collection.

The Costacos Collection is partnering with an initial lineup of legendary NFL, MLB, and NBA players and their charitable foundations, including Warren Moon, Troy Aikman, Jim McMahon, Roger Clemens, Will Clark, and others to be announced in the coming weeks. The Costacos Collection – the predecessor of which sold over 30,000,000 posters from 1986-96 – utilizes the blockchain medium to help the world’s greatest athletes capture their most significant moments, tell their most meaningful stories, and create new digital experiences to connect with fan communities. In addition to re-imagining John’s revered poster art, the Costacos Collection is creating new digital art as NFTs, with the tokens serving as the ticket to the company’s upcoming Hall of Fame Metaverse.

The Topps Company will also be a partner of the Collection, drawing on content from its vast historical archives and working with Costacos to create new content with Topps’ current-athlete partners.

CostacosCollection.com will serve as the gateway to the company’s listings as well as post-sale experiences, which will include communities and experiences exclusive to NFT owners. The company plans to fill the gap where Big Tech’s social media has failed: enabling fans to connect with and support their heroes directly. Through community engagement features, museum-style social displays, games, raffles and giveaways, trading and staking based on live and AI-generated sporting events, and the bridging of the digital with physical items and events, the company is pursuing a vision not held back by any one particular partnership or association.

“We believe in the long-term power of the technology,” said CEO Justin Moorad. “With a chain-agnostic approach, we’re able to form partnerships across the ecosystem – from the highest-quality art minted securely on Ethereum, to games built on Solana, to opportunities for proprietary fungible tokens, the Costacos Collection is building technology that positions our athletes at the center of the evolving landscape.”

John Costacos’ posters included imagery, slogans, and nicknames that stuck with players for the rest of their careers, including his first poster, Kenny Easley’s “The Enforcer”, the Oakland A’s “Bash Brothers,” Charles Barkley’s “Get Off My Backboard,” Jerry Rice’s “Goldfingers,” Michael Jordan’s “Space, The Final Frontier,” Joe Montana’s “The Golden Great,” Jim McMahon’s “Mad Mac,” Walter Payton’s “Chicago Vice,” Rickey Henderson’s “Man of Steal,” Troy Aikman’s “Strong Arm of the Law,” and many others with athletes such as Jackie Joyner-Kersee, Ken Griffey Jr., Bo Jackson, John Elway, Karl “Mailman Malone, Dominique Wilkins, and Magic Johnson. In addition to working with legacy athletes, Costacos will create new digital artwork with a growing number of today’s future Hall of Famers, Rookies of the Year, and Heisman-level college athletes.

“As an athlete of color and an entrepreneur, and as someone with roots in Seattle personally and professionally, nothing exuded cool more than a Costacos poster,” said Hall of Fame quarterback Warren Moon. “The Costacos Collection will now be able to recapture that cool in digital art, which is going to be fun for all the veteran athletes from all sports who became part of his ‘must have collection’ as well as for a new generation who will be engaging with this unique artwork for the first time. It’s an honor to be part of this unveiling.”

“My relationship with every athlete came from listening to their creative process and thinking of what we, as fans, would want to see, and that process has never really changed over the years,” Costacos said. “The growth of digital technology gives us an exciting chance not just to offer pieces in digital form, but to take them and retell the story with the athlete’s input now 20 years later with additional custom content.”

“John Costacos and his artwork helped expand the reach of the most legendary athletes of a generation to fans who knew us for being in unique artwork sometimes more than what we did on the field,” said Ivan “Pudge” Rodriguez. “Now being able to revisit that artwork as NFTs will open new doors for fans who can collect the pieces yet again. I know for the LatinX audience that craves connecting with its heroes, this will be a fun and unique experience that should open more opportunities for NFTs as well.”

Born and raised in Seattle, Washington, Costacos attended the University of Washington and graduated with a degree in Finance, notably with no formal education in graphic design, photography, printing or art. A lifelong sports fan, John and his brother Tock had a fascination with mixing sports and pop culture in a time when the two areas rarely shared a stage. He created T-shirts of his alma mater’s football team titled “Purple Reign,” a reference to the Washington Huskies’ purple colors and Prince’s song “Purple Rain,” and quickly sold out of his initial run of 20,000 T-shirts. That led to a second project when John dreamed up the slogan “Real Men Wear Black” and put it on a T-shirt for LA Raiders fans. That popular design, with no marketing budget, was a massive commercial success. It sold out in very short order and got the brothers an invite to the Raiders headquarters in El Segundo, California, where they met All-Pro defensive back Lester Hayes, who asked them to create “Lester’s Court,” modeled after a reference to “The Judge” nickname Hayes earned while playing at Texas A&M and an allusion to the very popular “The People’s Court” television show. The images were shot in a courthouse with Tock dressed in San Francisco 49ers colors, presenting footballs marked with game dates of Hayes’ interceptions. The Hayes imagery was wildly popular and the pair started to pursue poster-making in full force, beginning with local Seattle Seahawks star Kenny Easley. The Easley poster led to another poster of Chicago Bears sensation Jim McMahon, and the business skyrocketed from there.

Costacos was out of the art and sports world for almost two decades until 2016, when he was commissioned to relaunch his unique point of view for a poster of then-rising star Russell Wilson, to raise money for Wilson’s “Why Not You” Foundation, a non-profit dedicated to education, children’s health and fighting poverty.  The fundraiser for the release of the poster, hosted by ESPN’s Kenny Mayne, netted $435,000, highlighted by the auction of the first two printed posters for $30,000 each. In 2018, Costacos created a poster of New York Yankees slugger Aaron Judge for Adidas to announce their endorsement deal with him. It was prominently featured on billboards and bus stops across New York City and became a must-have piece for thousands of fans. The interest in the original Costacos pieces has also never waned, as evidenced by UFC President Dana White purchasing 40 original Costacos works in a New York art gallery for over $100,000 alongside Hall of Famer Alex Rodriguez who spent nearly $40,000 himself on a series of posters the last time the original pieces were on public sale a few years ago. These recent instances, along with the encouragement and persuasion of a growing list of elite athletes and collectors, raised the itch for Costacos to get back in the game.  But this time Costacos, ever the pioneer, presents a unique twist to the traditional, combining his rare mix of artistic vision and his penchant for capturing sports figures, into breath-taking, cutting-edge digital form.

Filed Under: Sports Business Tagged With: John Costacos, NBA, NFL, Sports Biz, Sports Business

Sports Biz: NBA Extends HBCU Support

October 21, 2021 by Digital Sports Desk

NEW YORK –  (Staff Report from Official League News Release) – The NBA will extend and expand its ongoing commitment to Historically Black Colleges and Universities (HBCUs) with new programs designed to create greater opportunity for students and alumni, encourage economic advancement and further celebrate their rich traditions.  As part of this partnership, the NBA will develop new programs and events focused on the HBCU community – specifically around professional development, career advancement and increased support and awareness for HBCU athletics and institutions.

The NBA is committed to supporting the growth of the next generation of leaders from the Black community.  HBCUs – which produce 20 percent of the country’s Black college graduates but only account for three percent of all colleges in the United States – have historically been under-resourced, averaging one-eighth the size of endowments of historically white colleges and universities.  The NBA’s programming will advance educational, career and economic opportunities in collaboration with HBCU networks, and will focus on three areas:

New Fellowship Program for Career Development:

  • Starting in 2022, the NBA and its teams will offer a new paid fellowship program for undergraduate and graduate students.  The program, which will be led by the NBA Foundation, will offer HBCU students the opportunity to gain real-life insights and professional experience around the business and operations of basketball.  The students will work in positions at the league office and NBA and WNBA teams, and be matched with a league or team employee mentor as part of their experience.  Applications for the program will open on Careers.NBA.com in the coming months.

NBA HBCU Classic:

  • Building off the success of NBA All-Star 2021, the NBA and the National Basketball Players Association (NBPA) will once again highlight the HBCU community during NBA All-Star 2022 in Cleveland.
  • The celebrations will be highlighted by a Mid-Eastern Athletic Conference (MEAC) matchup between Howard University and Morgan State University men’s basketball teams.  The game will be played at the Wolstein Center in Cleveland on February 19, 2022 and will be broadcast live.
  • During NBA All-Star, more than $1 million will be contributed in support to the HBCU community through the Thurgood Marshall College Fund (TMCF), UNCF (United Negro College Fund) and academic institutions.  Additionally, HBCUs will be showcased through unique content, storytelling and special performances.

Additional Programs:

  • The NBA, G League and Basketball Africa League will leverage their pre-Draft combines and showcase events for HBCU players, coaches and athletic trainers.  These engagements will increase exposure and opportunities to pursue professional basketball careers.
  • The league will expand the NBA’s targeted referee development strategy to leverage existing programs and focus on identification, training and educational opportunities for HBCU students and alumni in the officiating pipeline.
  • The NBA 2K League will host events with HBCU networks to introduce students to careers in gaming and esports, creating pathways for students to pursue careers in the growing industry.
  • HBCU alumni and Black entrepreneurs will partner with the league as part of the NBA’s commitment to onboarding more minority-owned businesses as league licensees.
  • The NBA will air special alternate game telecasts this season featuring interactive enhancements on League Pass and will work with HBCU schools to provide special experiences around those select games.

These new efforts will bolster the league’s support of HBCUs and their students through additional scholarship programs, business case competitions, mentorship, networking and internship opportunities with partners, teams, the NBA Foundation and other members of the NBA family.  Former NBA Commissioner, the late David Stern, served as a founding member of the TMCF Board of Directors for more than 30 years.

Filed Under: NBA, Sports Business Tagged With: HBCU, NBA, Sports Biz, Sports Business

HoopHall: Karl Malone Award Watch List

October 21, 2021 by Digital Sports Desk

SPRINGFIELD – (Staff Report from Official News Release) – The Naismith Memorial Basketball Hall of Fame is celebrating the start of the 2021-22 College Basketball season by unveiling is annual Top 20 watchlist for the 2022 Karl Malone Power Forward of the Year Award. Named after Class of 2010 Hall of Famer and two-time NBA Most Valuable Player Karl Malone, the annual honor in its eighth year recognizes the top power forwards in Division I men’s college basketball. A national committee of top college basketball personnel determined the watch list of20 candidates.

“The Basketball Hall of Fame is proud to annually recognize the best student-athletes in the collegiate game with positional awards bearing the names of some of the greatest players of all time,” said John L. Doleva, President and CEOof the Basketball Hall of Fame. “To be named to the watchlist of the Naismith Starting Five is a great honor and I know our Hall of Famers sincerely enjoy the opportunity to watch these players compete. We thank Mr. Malone for his unwavering support over the years and the unique perspective he brings to ultimately selecting a winner.”

Karl Malone attended Louisiana Tech University due to its close proximity to his hometown of Summerfield, Louisiana. Heled the Bulldogs to a Sweet 16 appearance and earned All-Southland honors in his three seasons while averaging 18.7 points and 9.3 rebounds per game. Malone achieved great success during his 19 seasons in the NBA as a 14-time NBAAll-Star (1988-98, 2000-02), 11-time All-NBA First Team player (1989-99) and a member of the NBA’s 50th AnniversaryAll-Time Team. He also won two Olympic gold medals (1992, 1996).

College basketball fans are encouraged to participate in Fan Voting presented by Dell Technologies in each of the three rounds. In late January, the watch list of 20 players for the 2022 Karl Malone Power Forward of the Year Award will be narrowed to 10 and then in late February to just 5. In March the five finalists will be presented to Mr. Malone and the Hall of Fame’s selection committee where a winner will be selected.

Previous winners of the Karl Malone Power Forward of the Year Award include Drew Timme, Gonzaga (2021), Obi Toppin, Dayton (2020), Zion Williamson, Duke (2019), Deandre Ayton, Arizona (2018), Johnathan Motley, Baylor (2017), Georges Niang, Iowa State (2016) and Montrezl Harrell, Louisville (2015).

2022 Karl Malone Power Forward of the Year Award Candidates*

Azoulas Tubelis Arizona
Jabari Smith Auburn
David Roddy Colorado St.
Paolo Banchero Duke
Drew Timme Gonzaga
Trayce Jackson-Davis Indiana
Kenneth Lofton Jr. Louisiana Tech
Eli Scott Loyola Marymount
Darius Days LSU
Donta Scott Maryland
DeAndre Williams Memphis
Dawson Garcia North Carolina
EJ Liddell Ohio State
Quincy Guerrier Oregon
Trevion Williams Purdue
John Fulkerson Tennessee
Tre Mitchell Texas
Isaiah Mobley USC
Jayden Gardner Virginia
Keve Aluma Virginia Tech

Filed Under: NCAA Basketball Tagged With: Basketball Hall of Fame, HoopHall, Karl Malone, Karl Malone Award

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