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A-Rod Still Working on T-Wolves

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MINNEAPOLIS – Former Major League Baseball MVP and World Champion Alex Rodriguez and his billionaire financial backer Marc Lore have yet to complete their deal to purchase the NBA’s Minnesota Timberwolves following a 30-day exclusive negotiating window. The potential ownership group has reportedly continued to negotiate with Timberwolves’ current owner Glen Taylor.

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The Athletic originally reported an agreement was reached on a $1.5 billion price and that the team would remain in Minneapolis — a requirement from Taylor, who has owned the team for almost 30 years.

Rodriguez and Lore would first become minority owners, according to The Athletic, and in 2023, would gain full control. The deal would also include the WNBA’s Minnesota Lynx.

IVY League to Return to Fall Sports

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PRINCETON – IVY League football will be back in action this Fall, barring any unforeseen and major setbacks from the variants of the COVID-19 virus which halted IVY League sports in March, 2020.

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The IVY League school Presidents issued a joint statement today, addressing likely “in-person” learning and the resumption of all Fall sports.

“At each of our campuses, we are busily planning for the fall semester. As is prudent given all the uncertainty around the course of this pandemic, we are each planning for a range of possible scenarios. But given the current steady decline of Covid-19 infections in this country, and the broad availability and uptake of vaccinations, we are optimistic that our campuses will be back to something close to normal by this fall, including in-person learning with students in residence. And this includes our expectation for the resumption of regular competitive schedules for Ivy League athletics across all sports beginning in fall 2021.

“We know that this has been a challenging year for Ivy League student-athletes – as it has for our entire campuses, our country and the world at large – and we very much look forward to a return to spirited athletics competition and to the Ivy League rivalries that make our conference so special. Barring unanticipated circumstances, such as a dramatic increase in infection rates from a variant in the virus, we look forward to welcoming our teams back to intercollegiate competition this fall,” read the statement (which did not have typos).

 

Kentucky Derby: Essential Quality?

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LOUISVILLE – After the draw for starting positions for this Saturday’s horse race, three-year old fave Essential Quality was placed as the 2-1 favorite to win the 147th Kentucky Derby at Churchill Downs.

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Essential Quality will run out of the No. 14 post “on the first Saturday of May” in a 20-horse stampede at the traditional timing for the first race of North America’s Triple-Crown. A No. 14 start hasn’t been a successful starting point in the Kentucky Derby. Middle Ground (1950) and Carry Back (1961) are the lone two horses to emerge victorious from that position at famed Churchill Downs.

Essential Quality won the recent 2021 Southwest Stakes and claimed the prestigious Breeders’ Cup Juvenile in 2020. The colt is trained by Brad Cox, who aims to become the first Louisville native to win the Derby.

Rock Your World, who won the Santa Anita Derby earlier this month, is listed at 5-1 odds and will start from the No. 15 post, the starting gate that served for Authentic, who won the 2020 Kentucky Derby last November when the race was postponed from May to the Fall because of the global pandemic.

 

Sports TV: Class is in Session with Doug Glanville on Marquee Sports

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CHICAGO – Regional Sports Networks are upping the ante each and every year and Chicago’s Marquee Sports Network is leading the trend of RSN’s producing original “network quality” programs.

Class is in Session with Doug Glanville is a monthly show that explores the sports industry within the larger lens of its effect on society. It premieres its newest episode this Friday, April 23, on Marquee Sports Network. Presented by UI Health, this month’s episode focuses on the decision by Major League Baseball to move the All-Star Game from Atlanta to Colorado and how the Players Alliance is giving a voice to minority players and providing outreach in communities across the country.

To view a trailer, click below:

https://www.marqueesportsnetwork.com/doug-glanville-discusses-mlb-all-star-game-and-players-alliance-on-newest-episode-of-class-is-in-session/

Guests for this episode include:

Jason Heyward – Chicago Cubs outfielder, 12-year major league veteran and member of the Major League Player Committee for The Players Alliance
Curtis Granderson – 16-year major league veteran and President of The Players Alliance
Ken Rosenthal – Senior writer for The Athletic and MLB Network insider
Doug Glanville, the show’s host, creator and one of its executive producers, was nominated for a 2021 Sports Emmy Award for his “Enough” video essay and draws on his experience as a veteran MLB player, baseball analyst, writer, and college professor of sport and society as he interacts with this distinguished panel of guests.

“Having the opportunity to learn and engage with true insiders and their knowledge of the impact and motivation around MLB moving the All-Star Game is unique,” said Glanville. “Between Curtis, Jason and Ken, we get an education on all the factors at play and why it was so significant for MLB to take a stance. The conversations are deep and examine historical context through current player insight.”

During the wide-ranging discussion, Glanville and the panel of guests discuss what led to MLB’s decision to move the All-Star Game, the role of players in that decision and how The Players Alliance is going above and beyond to impact all communities, including Atlanta.

Jason Heyward, a native of the Atlanta area, shared his support for moving the game out of Atlanta, while acknowledging that he remains committed to his hometown.

“It’s cool to know that the Players Alliance will still be going to Atlanta, and will still be reaching out in these communities … I’m looking forward to being a part of that any way I can,” said Heyward.

Glanville, a nine-year MLB veteran, is a Marquee Sports Network analyst and the host of “Class is in Session with Doug Glanville” presented by UI Health, a half-hour panel show exploring the intersection between sports and larger society. Glanville was selected by the Cubs in the first round of the 1991 MLB draft and made his major league debut with Chicago in 1996.

After spending five-plus seasons with Philadelphia and Texas, he returned to the Cubs in 2003 and hit a go-ahead triple in the 11th inning of Game Three of the NLCS against the Marlins. He was the first African American Ivy League graduate to play in the MLB.

Boston College Signs with New Balance

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CHESTNUT HILL – (Source: Official Joint News Release) – Boston College athletics signed a 10-year agreement with Boston-based New Balance Athletics to become the Official Footwear and Apparel Provider for the Eagles. The deal will begin on June 1, 2021.

The largest financial footwear and apparel agreement in Boston College athletics history gives New Balance the right to provide uniforms, apparel, and footwear for 30 of BC’s 31 varsity sports. The partnership will also include the opportunity for Boston College student-athletes to be part of an annual internship program at New Balance.

“This partnership will be an absolute game-changer for Boston College athletics and our student-athletes,” said William V. Campbell Director of Athletics Pat Kraft. “This is not just a historic deal in terms of the financial value and amount of apparel for our department. The opportunities for our student-athletes to assist in product design and development of the footwear and apparel they will actually wear and compete in will be transformational.”

As New Balance looks to continue its growth with New Balance Basketball, a key element in this partnership focuses on the innovation and investment in the men’s and women’s basketball programs. New Balance will work closely with both programs to aid in design and product enhancements and is dedicated to their success both on and off the court.

“This progressive collaboration joins two world-class Boston-based teams with strong synergies at our core and enables a broad spectrum of initiatives that will drive innovation, performance and creativity,” says Ray Hilvert, Vice President of Global Team Sports at New Balance. “Boston College athletics is known for its historic commitment to excellence and we look forward to working with Pat Kraft, Father Leahy and the entire Boston College team to build a strong and dynamic relationship that benefits student-athletes and our shared communities.”

The partnership will grant several BC teams access to the new state-of-the-art TRACK@New Balance that is currently under construction. The new sports complex at Boston Landing will feature a 200-meter hydraulically banked track, seating for more than 5,000 spectators, and facilities for training, events, and recovery.

Officially licensed Boston College apparel will be available online this summer on BCEagles.com and New Balance.com in addition to both New Balance Boston retail locations and the Boston College Bookstore.

Boston College cited its longstanding appreciation for New Balance’s history and corporate mission as factors in its decision to seek the agreement. Since 1972, when the company was purchased by Jim Davis, New Balance has grown from six employees manufacturing 30 pairs of shoes per day in a single location to a global brand with more than 7,000 associates worldwide and global annual sales of $3.3 billion in 2020.

Headquartered in Boston, New Balance owns and operates four factories in New England and one in the United Kingdom, and New Balance Foundation– established by Jim and Anne Davis in 1981–has donated more than $110 million in total grants to non-profit organizations to develop high-impact, long-term, sustainable initiatives that enrich the lives of children, their families and their communities.

Sports Biz: Draft Kings Extends NFL Deal

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BOSTON – (Source: Edited Official Company News Release) – DraftKings Inc. and the National Football League recently announced a deal to make DraftKings an Official Sports Betting Partner of the League and extend its current relationship as the exclusive Official Daily Fantasy Partner for the NFL.

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“The way fans consume sports years from now will look drastically different, and it will be due in part to forward-thinking collaborations like our expanded relationship with the NFL today as an Official Sports Betting Partner and the exclusive Daily Fantasy Sports Partner,” said Jason Robins, CEO, chairman and co-founder, DraftKings. “We share the same vision as the NFL on fan engagement and believe this agreement will lead to new innovations that will ultimately enhance both the product on the field and on the screen.”

As an Official Sports Betting Partner of the NFL, DraftKings will have the right to integrate relevant sports betting content directly into NFL Media properties including NFL.com and the NFL App. As part of the agreement, DraftKings will utilize the NFL’s official League data feed.

DraftKings will also be able to enhance their fan experience with NFL highlights, footage and Next Gen States content.

“We’re thrilled to renew our relationship with DraftKings as the NFL’s exclusive Daily Fantasy Sports Partner and expand it by adding them as an Official Sports Betting Partner,” said Renie Anderson, Chief Revenue Officer and Executive Vice President of NFL Partnerships. “For several years DraftKings has helped find new and different ways to engage NFL fans and we expect that to increase with the evolution of legalized sports betting.”

In addition to becoming an Official Sports Betting Partner of the NFL, DraftKings will renew its exclusive relationship as the Official Daily Fantasy Partner of the NFL, which provides DraftKings with exclusive rights to NFL marks to promote daily fantasy sports contests. DraftKings will continue to collaborate with the League on a variety of content and product offerings that fans can engage with on the DraftKings Sportsbook and Daily Fantasy Sports apps. The deal also includes integrations across NFL Media properties including a continued prominent presence within the NFL RedZone channel.

 

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.