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Hill Named Managing Director of USA Basketball’s Men’s Senior National Team

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Hill to Replace Jerry Colangelo as Head of Men’s Senior National Team After Tokyo Summer Olympics

COLORADO SPRINGS – (SOURCE: OFFICIAL NEWS RELEASE) – Olympic gold medalist and 19-year NBA standout Grant Hill has been approved by the USA Basketball Board of Directors as the next managing director of the USA Men’s National Team. Hill will succeed current managing director Jerry Colangelo after the Tokyo Olympics.

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“It is a tremendous honor to serve as managing director of USA Basketball’s Men’s National Team. I am looking forward to working with the USA Basketball staff and Board of Directors to lead this program so uniquely positioned for continued growth and for developing and promoting our top talent in events around the world,” said Hill. “As a member of the 1996 U.S. Olympic Team, I know the thrill and responsibility it is to represent our country. I am confident USA Basketball will continue to showcase the top talent and highest character players in our country.”

“We are very excited that Grant Hill will join USA Basketball as our USA Men’s National Team managing director. Grant is a proven leader of consequence and character who will continue to help us achieve on our twin goals of winning international competitions and representing our country with honor” said USA Basketball Board of Directors chair and retired General Martin Dempsey. “In making this announcement, I also want to emphasize how much everyone associated with USA Basketball appreciates Jerry Colangelo for everything he did for USA Basketball over the past 15 years.”

Taking control in 2005 of a USA National Team that hadn’t won a major international competition since 2000, Colangelo rebuilt the program from the bottom up. Under Colangelo, the USA men have compiled a remarkable 97-4 overall record and have claimed top honors in six of eight FIBA or FIBA Americas competitions, including Olympic championships in 2008, 2012 and 2016.

Hill played for five USA Basketball teams, won two gold medals and one bronze medal and compiled an overall record of 26-1 (.963 winning percentage). He was a member of the gold medalist 1996 U.S. Olympic Men’s Basketball Team and the 5-0 1996 USA National Team. Hill as a collegian was a part of the 1992 USA Developmental Team that trained against the 1992 U.S. Olympic Team, the bronze medalist 1991 USA Pan American Games Team and the gold medalist 1990 USA U18 Championship Team.

Inducted into the Naismith Memorial Basketball Hall of Fame as a player in 2018, Hill’s NBA career covered 19 seasons, and he was a seven-time NBA All-Star and a five-time All-NBA selection. Playing four collegiate seasons at Duke University, he helped lead the Blue Devils to back-to-back NCAA national titles in 1991 and 1992 and to a runner-up finish in 1994.

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.

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.

Sports Biz: Good for the Goose!

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CHICAGO – Where is Goose Gossage when you need him?

Wrigley Field, Chicago (Getty Images)

TeamWorks Media announced that Chicago’s Goose Island Beer Company will become the presenting sponsor of Being Guillén, La Vida Baseball’s regular visit with the Guillén family for the opening month of the MLB season. The show will stream from the Goose Island Brewhouse opening week to coincide with the Cubs home opener and then April 8 (White Sox home opener) before moving back to the La Vida Baseball® studio in Chicago for the rest of the month. It will feature Ozzie Sr, Ozzie Jr, and Oney Guillén offering their always entertaining take on baseball and family.

TeamWorks Media is the parent company of La Vida Baseball® and this is an expansion of the partnership with Goose Island that began last October.

“We are all looking forward with a return to normalcy this spring, and nothing could be more fun than to spend it with the Guillén family as fans and baseball return to Chicago,” said Jay Sharman, CEO of TeamWorks Media in the official news release. “Our partnership with Goose Island got off to a great start in October as the season ended, and we are ready to expand it with some fun engagement during MLB’s opening month.”

The show will touch on all the recent developments in and around the Chicago teams and look ahead to what is one of the most anticipated seasons in baseball in The Windy City for some time. There will be special guests from around the country as well as engaging fan segments and a host of other promotions as Being Guillén™ and Goose Island help celebrate the exciting return of baseball.

Additional La Vida Baseball programming includes the live social media streaming series, La Vida Baseball ¡Live!, the brand’s weekday interactive, fan-centric live show, hosted by Jennifer Mercedes (@Chica_Deportes) and Julie Alexandria (@JulieAlexandria); Gaming with The Guilléns™, a live, engaging Twitch experience where Ozzie Guillén Jr. challenges Major Leaguers to play him in the video game “MLB The Show,” and the rowdy and hilarious Spanish language show, Pólvora, Voz y Diamante, hosted by Polo Ascencio, Pliego Villa and Jesse Castillo, offering baseball conversation like you’ve never seen before and mixing hilarious pop-culture sensibilities with an undeniable love for the game.

 

David Levy Becomes a Genius

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NEW YORK – (Official News Release) – Genius Sports Group, a  provider of sports data and technology powering the sports, betting and media ecosystem, has appointed sports industry pioneer David Levy as its new Chairman. In his new role, Levy will lead the Board’s oversight of Genius’ operations and strategy.

Levy is one of the most respected figures in the global sports industry, with a career spanning a range of leadership positions; including President at Turner Broadcasting, Inc., and senior advisor roles at Raine Group and Arctos Sports Group respectively.

During his 30-year tenure at Turner, Levy played an instrumental role in defining and expanding the company’s media rights and securing long-term partnerships with the NBA, MLB, NCAA and PGA. He also assumed executive oversight for increased investment in original premium content across the portfolio. He negotiated a variety of multi-faceted agreements, each representing a significant change extending far beyond traditional television rights.

In 2010, Levy orchestrated a landmark NCAA Division I Men’s Basketball deal, partnering with CBS for multi-media rights, including exclusive televised rights to the 2014 Final Four and National Championship Game in 2016. This marked the first time in the event’s history that these key games were televised by a cable network. In 2017, under Levy’s guidance, Turner added to its portfolio of premium sports properties by acquiring rights to UEFA, including UEFA Champions League, Europa League and the UEFA Super Cup. In 2018, Turner programming was nominated for 33 Emmy Awards.

In the Genius announcement, Levy said: “The capture and analysis of data has become fundamental to the rapid progression of the sports and media sectors. Genius is central to this unique ecosystem and is consistently leading the sports data and technology industry’s development. I am thrilled to join the business at such a historic time and look forward to working as part of the team.”

Mark Locke, CEO of Genius Sports Group, said: “With his incredible track-record working with many of the biggest names in sports and media, David’s appointment as Chairman is the latest historic milestone in Genius Sports Group’s growth journey.”

“The worlds of sports, media, advertising, betting and streaming are converging rapidly and David’s unique expertise and experience will be invaluable to positioning Genius and our partners at the forefront of this trend,” he added.

Genius Sports Group is the official data, technology and commercial partner that powers the global ecosystem connecting sports, betting and media. We are a global leader in digital sports content, technology and integrity services. Our technology is used in over 150 countries worldwide, empowering sports to capture, manage and distribute their live data and video, driving their digital transformation and enhancing their relationships with fans.

No International Fans in Tokyo

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TOKYO, JAPAN – (Official News Wire Report) – The Tokyo Olympic Games are scheduled to be staged this summer, but only local fans will be allowed to attend. The decision to bar spectators from outside of the country was announced after a virtual meeting between the International Olympic Committee, the governments for both Japan and Tokyo, the International Paralympic Committee and local organizers.

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“In order to give clarity to ticket holders living overseas and to enable them to adjust their travel plans at this stage, the parties on the Japanese side have come to the conclusion that they will not be able to enter into Japan at the time of the Olympic and Paralympic Games,” a statement from the Tokyo organizing committee read, in part.

The Games are scheduled to begin on July 23, but approximately 600,000 tickets already have been sold to fans abroad. Japan, which is spending a reported $15.4 billion on the Games, has sold more than 4 million tickets domestically.

“We could wait until the very last moment to decide, except for the spectators,” said Seiko Hashimoto, head of the organizing committee. “They have to secure accommodations and flights. So we have to decide early otherwise we will cause a lot of inconvenience from them. I know this is a very tough issue.”

Tickets outside of Japan are handled by third-party retailers who charge fees on top of the ticket prices. It’s unclear if those fees will be included in refunds.

“We have to take decisions that may need sacrifice from everybody,” said Thomas Bach, the IOC president, who called it a “difficult decision.”