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Sports Business

PGA Tour Making Changes

July 3, 2025 by PGA Tour Brunch

PONTE VEDRA BEACH – (Wire Service Report) – The PGA Tour has restructured the distribution of playoff bonuses, including the FedEx Cup champion this season earning $10 million in prize money instead of $25 million as in the past two years.

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The new payouts from the $100 million total in bonus money — first reported Wednesday by Front Office Sports and posted on the PGA Tour website — were revealed weeks after an announcement in May that the Tour Championship’s “starting strokes” format will be eliminated. The season-ending tournament in August — for the top 30 following two previous playoff events — will be a standard 72-hole stroke-play format at East Lake Golf Club in Atlanta.

The new three-tier system will reward golfers based on the FedEx Cup points standings after the regular-season finale at the Wyndham Championship (the top 10 splitting $20 million, with No. 1 getting $10 million), and after the second playoff event, the BMW Championship (top 30 splitting $23.93 million, with No. 1 getting $5 million).

The Tour Championship winner will get $10 million of the remaining prize money ($57.08 million), with the rest paid to the other 29 players based on their finishes. Players ranked Nos. 31-150 will divide $17.08 million in deferrals.

“To account for the increased volatility of the final event, reward season-long performance and recognize the significance of the FedExCup, the FedExCup bonus distributions for the top 30 positions were rebalanced,” the PGA Tour posted on its website.

Front Office Sports worked the scenario that if current points leader Scottie Scheffler is the No. 1 at the end of the regular season and after the BMW Championship and then wins the Tour Championship, he will receive the same total of $25 he collected for winning the 2024 FedEx Cup.

The tour also posted that there are no changes in 2025 for the Comcast Business Tour Top 10, which pays $40 million to the top 10 players in the standings at the end of the regular season. First place is worth $8 million, and each place earns less down to $2 million for 10th place.

The bonus structure was led, per the Front Office Sports report, by the PGA Tour Player Advisory Council’s business subcommittee, which consists of Maverick McNealy, Keith Mitchell, Brandt Snedeker and Kevin Kisner, and is overseen and player director Patrick Cantlay.

–Field Level Media

Filed Under: PGA TOUR, Sports Business Tagged With: PGA Tour

Globetrotters to Conduct Open Tryout

July 2, 2025 by Digital Sports Desk

HARLEM – (Staff Report from Official News Release) – The world-famous Harlem Globetrotters will be hosting the club’s first-ever open tryouts to help select athletes for their Centennial season in 2026.

The Globetrotters’ tryouts will take place in the early fall with the final team being assembled and announced in November. The organization’s goal is to expand and elevate the talent within its ranks and to act as competitive offering for men and women hoopers around the globe for 2026

The Globetrotters continue to add athletic team members, which has been reflected in recent years in the signing of former LSU captain Alexis Morris and this past year with the addition of 6-5 rookie forward Asanti “Cash” Price (Columbia, SC), who signed a contract with the NBA G League’s Texas Legends, the affiliate of the Dallas Mavericks. Price was one of six rookies signed to the Globetrotters this past November and had the option to return to the club when his G League time ended, which he did.

“We are creating one of the most unique, once in a lifetime opportunities for talented athletes and entertainers,” said Keith Dawkins, President, Harlem Globetrotters & Herschend Entertainment Studios. “The (opportunity is) to be part of the Centennial of the most iconic global sports and entertainment property.  The right athletes will have that special element of ‘showpersonship’ that the Globetrotters have been known for. It should make for a fun and exciting way to uncover our next group of stars.”

This past year Globetrotter athletes set a new and high bar for excellence on and off the court, bringing their talents to 50 locations around the world and an additional 46 cities in North America.  The Globetrotters anticipate bringing in approximately 30 athletes to the tryout. It will be the first step of a months-long process in selecting the athletes for the Centennial team.

Over the many years, the Globetrotters legacy has seen athletes ranging from Wilt Chamberlain to Connie Hawkins to to Lynette Woodward create lasting memories in the basketball world.

Filed Under: Sports Business Tagged With: Harlem Globetrotters, Sports Business

D. Wayne Lukas, 89

June 29, 2025 by Digital Sports Desk

LOUISVILLE – (Wire Service Report) – Hall of Fame horse trainer D. Wayne Lukas died at his home on Sunday. He had been reported as “gravely ill” and was under hospice care.

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The Lukas family issued a statement Sunday that said the 89-year-old had been hospitalized with a severe infection and declined to go through the “aggressive treatment plan” doctors in his hometown in Kentucky had outlined.

USA Today reported earlier in the week that Lukas has returned to his home and is under hospice care to spend his remaining days with his wife, Laurie, and their extended family.

“Wayne is one of the greatest competitors and most important figures in Thoroughbred racing history,” said Mike Anderson, president of Churchill Downs Racetrack. “He transcended the sport of horse racing and took the industry to new levels. The lasting impact of his character and wisdom — from his acute horsemanship to his unmatched attention to detail — will be truly missed. The enormity of this news is immense, and our prayers are with his family and friends around the world during this difficult time.”

The horses trained by Lukas are now under the guidance of Sebastian “Bas” Nicholl via the succession plan of Lukas Enterprises Inc. Nicholl is the longtime assistant to Lukas.

Filed Under: Sports Business Tagged With: D. Wayne Lukas, Horse Racing

Sports Biz: Mets Pop-Up

June 28, 2025 by Sports Staff

Guest Column, by JAMES GUMINA

This past weekend, I attended the Strat-O-Matic event at the Mets House in New York to cover one of the final events at the Mets’ Union Square pop-up shop. The event, taking place in a city dominated by Fanatics Fest, was a wonderful reminder that sports are all about communities.

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Fanatics Fest, and events like it, are driven by impressions, revenue, and spectacle, whereas the Strat-O-Matic event at the New York Mets store was purely a celebration of the game and its fans. I was there for about an hour and a half and did not have a single item pushed on me. I played Strat-O-Matic for the first time in years against a longtime fan and player (He very generously reminded me of the rules).

Our game took a backseat to our conversation about his experiences playing the game, and his love for it over the years. He told me all about the 12-person Strat-O-Matic league he has played in for the past 30 years, complete with full seasons and championship rings (which did not look dissimilar to the NFL rings that I saw at Fanatics Fest).

I happily watched him give Hal Richman, the founder of Strat-O-Matic, an honorary championship ring and tell him about the impact the game had on his life. I heard another avid player talk about his father introducing him to the game back in the 1960s and how he has been hooked ever since, so much so that he owns every single MLB set that has been released by the company.

While the setup was not fancy—a few folding tables in the back of the store, game boxes for people to take and use, and some pizza—it did not deter new and old fans of the game from swapping stories and playing head to head versus one another.

I got to meet both Hal and his son, who is the current CEO of Strat-O-Matic, and it immediately became clear to me that this type of event was perfectly in line with the SOM ethos. It is a game all about a shared love of sports and for well over 60 years has been bringing people together in communities just like this one, from local Strat-O-Matic clubs, to leagues, to friendly living room games.

In addition to the game and event, the venue was also an interesting branding initiative by the New York Mets.

The pop-up, which closed June 25th, was one of the regularly scheduled NYM special events, like player meet-and-greets and book signings, as well as regular merchandise sales. The space offered exclusive perks and benefits for fans, as well as interactive exhibitions like an augmented reality swing analysis station that many of the Strat-O-Matic players took advantage of.

While always designed to be a temporary “pop-up,” I really admired the space and thought that it was a great community-oriented brand activation that allowed for events like the Strat-O-Matic day for fans of all ages.

The Mets have been doing a lot right in the marketing department recently, and I think this was no exception.

Filed Under: Sports Business Tagged With: New York Mets, Sports Biz, Sports Business

Turner Sports Parts with NBA TV

June 27, 2025 by Digital Sports Desk

ATLANTA – (Wire Service Report) – TNT Sports will relinquish oversight of NBA TV operations, it was announced today by TNT Sports Chair and CEO Luis Silberwasser.

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After a 17-year run with TNT Sports, day-to-day operations will revert to the league on Oct. 1.

“We made several proposals to continue to provide services and operate the NBA TV network and related digital assets,” Silberwasser wrote in a memo to employees of the Warner Bros. Discovery cable unit, in a communique leaked to media. “However, we were unable to agree on a path forward that recognized the value of our expertise, quality content and operational excellence that our fans and partners have come to expect from TNT Sports.”

In July 2024, the league announced a new 11-year agreement with the Walt Disney Company, NBC Universal and Amazon Prime Video to broadcast approximately 75 games on linear television in addition to all national games being available on streaming services.

TNT will continue to generate digital content for the league through Bleacher Report and House of Highlights and maintain editorial control of the Inside the NBA studio show. The highly popular program that features Charles Barkley, Kenny Smith, Shaquille O’Neal and Ernie Johnson will be produced at Turner for air on ESPN and ABC during select game broadcasts.

–Field Level Media

Filed Under: NBA, Sports Business Tagged With: NBA TV

TL’s Sunday Notebook | June 22

June 22, 2025 by Digital Sports Desk

While We’re Young (Ideas) at TPC River Highlands

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CROMWELL (Connecticut) – As your trusty columnist plunges in a pool of “Coppertone,” (that’s OG for sun block), blows in the wind gusts that made Friday’s round at the 2025 Travelers Championship golf tournament hit a low average a 70.68, and while we agonize over the Moving Day results for tournament leaders – Justin Thomas, and Scottie Scheffler – there’s no better time than today to set golf aside for a paragraph or three and a review great Game 7s in NBA history.


Game 7s

Here’s a look at all of the Game 7s in NBA history:

Year, Result

2016 Cleveland Cavaliers def. GOLDEN STATE WARRIORS 93-89

2013 MIAMI HEAT defeat San Antonio Spurs 95-88

2010 LOS ANGELES LAKERS def. Boston Celtics 83-79

2005 SAN ANTONIO SPURS def. Detroit Pistons 81-74

1994 HOUSTON ROCKETS def. New York Knicks 90-84

1988 LOS ANGELES LAKERS def. Detroit Pistons 108-105

1984 BOSTON CELTICS def. Los Angeles Lakers 111-102

1978 Washington Bullets def. SEATTLE SUPERSONICS 105-99

1974 Boston Celtics defeat MILWAUKEE BUCKS 102-87

1970 NEW YORK KNICKS def. Los Angeles Lakers 113-99

1969 Boston Celtics def. LOS ANGELES LAKERS 108-106

1966 BOSTON CELTICS def. Los Angeles Lakers 95-93

1962 BOSTON CELTICS def. Los Angeles Lakers 110-107 (OT)

1960 BOSTON CELTICS def. St. Louis Hawks 122-103

1957 BOSTON CELTICS def. St. Louis Hawks 125-123 (2 OT)

1955 SYRACUSE NATIONALS def. Fort Wayne Pistons 92-81

1954 MINNEAPOLIS LAKERS def. Syracuse Nationals 87-80

1952 MINNEAPOLIS LAKERS def. New York Knicks 82-65

1951 ROCHESTER ROYALS def. New York Knicks 79-75

That’s a total of 19 Game 7s with the home team going 15-4. Not too shabby for the home squads.

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TL TENURE: In my tenure at NBA HQ, there were only three Game 7s over the 26 years. They came in 1984, ‘88 and 1994. (Look who is in far right corner of the photo above from ’84)

Without a doubt, the 1984 “NBA World Championship Series” (that’s pre-NBA Finals lingo), was the best game and the best series I’ve ever seen in person. I worked a then-record 135 consecutive Finals games with Game 1 of the 1983 Philadelphia 76ers sweep over the LA Lakers – Moses Malone called it “Fo, fo, and Fo,” but it went “Fo, Five and Fo” – in a disappointing quick series that Moses, Dr. J and Company just dominated. That next year – 1984 – were were primed for greatness.

The Celtics and LA Lakers delivered with the Cs taking Game 7 on the parquet in the old Boston Garden, 111-102. It was an epic series with Hall of Famers deep on each team’s roster.

LA Lakers:

Kareem Abdul-Jabbar

Michael Cooper

Earvin “Magic Johnson

Bob McAdoo

Jamaal Wilkes

James Worthy

Boston Celtics:

Larry Bird

Dennis Johnson

Kevin McHale

Robert Parish

Both team coaches, KC Jones of the Celtics (enshrined as a player) and Pat Riley of the Lakers (enshrined as a coach) were at the respective helms of their legendary clubs.

In Game 7 back in ‘84, the Boston Garden indoor temperature that was an issue in Game 5 was not as bad (indoor temperatures hovered around 91°F rather than 97 during the game, due to additional fans brought in to attempt to cool the air). The Celtics were led by Cedric Maxwell who had 24 points, eight rebounds and eight assists. Larry Bird (Indiana State) avenged the 1979 NCAA Final Four loss to Magic Johnson (Michigan State) and Bird won the MVP honors for the series.

Earlier Celtics teams lived by the motto, “No rebounds, no rings.” The great Bill Russell ecelled in Game 7s, snagging 40 rebounds in 1962, 35 rebounds in 1960 and 32 rebounds in 1966.

In 1988, “Big Game” James Worthy has 36 points, 16 rebounds and 10 assists to lead the LA Lakers to a 108-105 Game 7 victory. In the 2-3-2 format for home games, the series switched back to LA with the Lakers trailing the Pistons 2-games-3, but the Lakers prevailed, taking the last two games of the series. Game 6 is remembered for Detroit’s Isiah Thomas spraining his ankle, badly, but still scoring 25 of his 43 points in the third quarter, gimping on the ankle. Worthy won the MVP of the series.

One item of note: The 2025 NBA Finals are a turning point for the league. An age of parity in the league has brought about two incredibly talented teams, one the model for the other. Get ready for more of these type match-ups, as the strong, long, fast, deep, versatile NBA clubs will outlast the traditional types. Since the 2018 NBA Finals, there’s been a different champion each and every year, including 2025. That defines a new era in NBA basketball and it’s … FAN-tastic.

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HERE NOW, THE NOTES: Seattle Mariner’s catcher Cal Raleigh is on his way to a record-breaking season. Raleigh broke Hall of Famer Johnny Bench‘s 1970 record for home runs by a catcher before the All-Star break, hitting his major-league-leading 28th and 29th in the Seattle Mariners’ 9-4 victory over the Chicago Cubs on Friday.

Looking ahead, Raleigh will attempt to break these numbers for a single season:

2021 – Sal Perez (Kansas City Royals) – (48)

1970 – Johnny Bench (Cincinnati Reds) – (45)

2003 – Javy Lopez (Atlanta Braves) – (43)

Mike Piazza (Dodgers and Mets) is the all-time leader for career home runs with 427 (396 hit as a catcher). Raleigh has 122 dingers on his career.

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AT THE TRAVELERS: World No. 1 Scottie Scheffler had a rough round on Friday, playing in wind gusts of 30 mph. After shooting a scorching (62) on Thursday, Scheffler followed with a (69) on Friday, including a double-bogey on No. 17 as he came in at 35. Scheffler began the third round with a triple bogey on Saturday and later experienced a double bogey on No. 8. He had five birdies on the day but shot a 2-over, 72, and will tee-off Sunday as a player T-8.

Thomas was worse. He had a bogey on No. 2 and a dreaded quadruple bogey (9) on No. 13 and finished 3-over, 73 and enters Sunday play T-14.

Between the two leaders, they hit for the cycle with bogey – double bogey – triple bogey and quadruple bogey.

On the other hand, Tommy Fleetwood did some moving on “Moving Day,” shooting a 7-under, 63, and leads Russell Henley by three strokes. Henley shot a best-of-week (61) on Saturday to sit T-2 and three back.

New England native Keegan Bradley – captain of the USA Ryder Cup team this Fall – shot a (63) with seven birdies and a bogey free round.

Digital Sports Desk and sister e-news PGA Tour Brunch will be on site at TPC River Highlands, just south of Hartford, Connecticut where we write from on Saturday and Sunday.


TIDBITS & NUGGETS: Sam Coffey, daughter of former NY Daily News columnist Wayne Coffey, was named to the active roster for the upcoming threesome of friendlies for the US Women’s National Team. The product of The Masters School in Westchester County, Boston College and Penn State will take her place against No. 25 Ireland (June 26 & 29) and No. 8 Canada (July 2). … Those games will be broadcast on Turner (TNT/TruTV).

The 2025 Upper Deck NHL Draft will be staged on Friday, June 27 (7:00pm ET, ESPN) and Saturday, June 28 (12 Noon ET, NHL Net). The event will be held at the Peacock Theater in Los Angeles.

RAFA and RAFAEL: When Rafael Devers was traded from the Boston Red Sox to the San Francisco Giants, it broke up a strong bond between teammates – CeddanneRafaela and the discarded Devers. The MLB scheduling gods brought them back together on Friday night.

“He’s like my big brother. I really looked up to him when I was coming up,” said Rafaela. “So it’s always a pleasure for me to watch him play and watch him perform. I think, yeah, it was fun.”

Yes, it was fun for Rafaela and Boston as the Red Sox took a 7-5 victory at SF’s Oracle Park. Rafaela came through with a rally-starting double, an RBI single and a towering solo homer while Devers had a rough 0-for-5 night at the plate. Devers enjoyed some revenge on Saturday when he homered off former teammate Brayan Bello in the third inning of his SF Giants’ 3-2 win over the Sox.

PHIL STEELE and COLLEGE FOOTBALL: WWYI has written of the great College Basketball preview publication called Blue Ribbon Basketball. For College Football, it’s Phil Steele’s 2025 College Football Preview. The 75-page bible for college footy is already in mailboxes all around the nation and it’s available for purchase by clicking HERE.

Boston College fans can read about the fact their football team will face a Top 25 of toughest schedule in 2025. BC comes in at No. 11 in the country for that tough schedule dictating the chance to have a drop-off from their (7-6) 2024 record when they lost to Nebraska in the Pinstripe Bowl.


THIS JEST IN: The Stanley Cup got a little “banged up” this week, thanks to the Florida Panthers’ celebration of back-to-back titles. The greatest trophy in all the world is cracked and the bottom is dented, but it’s not the first time and likely not the last.

The Panthers won their second consecutive championship on home ice Tuesday night, beating Edmonton in six games. The team, following decades of tradition, partied with the Cup into the wee hours and kept the revelry going in Fort Lauderdale well into Wednesday afternoon. After the damage was done, a spokesperson for the Hockey Hall of Fame said the keepers of the Cup are taking appropriate measures and plan to have it repaired by the city-wide celebration parade today. Made of silver and a nickel alloy, the 37-pound Cup is relatively malleable, and has a history of dealing with the reckless abandon days of lore.

In 1906, a year after being drop-kicked into a canal in Ottawa, Canada, the Montreal Wanderers took possession of The Cup by defeating Ottawa in a rematch. After a night of revelry, the players decided to take the Cup for an official picture at JimmyRice’s photography shop. Pleased with their photo, the players then exited Rice’s and crossed the street for a cold beer, but they did so without Lord Stanley’s Cup.


YOU CAN’T MAKE IT UP: The University of Wisconsin sued the University of Miami on Friday, formally accusing the Florida school of tampering with a football player under a “financial contract” with the Badgers.

The decision to sue could become a watershed moment in the current era of college athletics. Never before has a university accused another of tampering with one of its athletes, who did not have contracts before the dawn of name, image and likeness rights this decade.

“While we reluctantly bring this case, we stand by our position that respecting and enforcing contractual obligations is essential to maintaining a level playing field,” the school said in a statement.

Though Wisconsin’s lawsuit only refers to the player as Student Athlete A, the subject of the case is cornerback Xavier Lucas, who left Wisconsin and enrolled at Miami over the winter without ever entering the transfer portal.

There was no word on college basketball coaches walking across the gym during conference games and handing an opponent a check for $1.2 million.


Filed Under: PGA TOUR, Sports Business, While We're Young Ideas

Sports Biz: Devers, FSG, Yanks and Cape

June 20, 2025 by Digital Sports Desk

By JAMES GUMINA, (Special to Digital Sports Desk)

As a young person in an age of limitless information, there are always a lot of things on my mind, mostly sports-related, and often focused on what’s happening off the field. From marketing campaigns to broadcasts to business strategy, it’s a lot to process. So, to clear some space, here are a few things from this week that have stuck with me more than most. Whether you’re in the business, a media nerd, or someone who can’t stop thinking about how the game is packaged, I hope something here sticks with you, too.

Red Sox Trade Rafael Devers to San Francisco

As an avid Red Sox fan, the only thing on my mind for much of the past week has been the Rafael Devers trade debacle. I was just as stunned when I found out the news on Sunday night as I was about the Luka trade, except this was my favorite player leaving my favorite team. Thousands of words have already been written on the locker-room aspect of this trade, so I won’t delve into those rumors here. But the transaction, and the reaction to it, show some of the unique things about baseball’s changing ownership structure. Strictly from a baseball perspective, Devers, who commands over a 250 million dollar price tag, was traded in what essentially was a salary dump. The Red Sox got some interesting players back, but none of the Giants’ best players or prospects were included in the deal; a fact that vastly increased the Boston fan outrage. The number one asset going back to Boston was financial flexibility. Most production and valuation models have the Devers contract as a net negative over the course of the deal, so the Red Sox were put in the unique position of having only a few teams aggressive enough to take it on. Thus, they were left with a bad return.

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This newfound flexibility comes at an interesting time for Red Sox ownership group and Fenway Sports Group (FSG), which recently completed one of the largest transfer buyouts in Premier League history. At the same time, they’re preparing a bid for a La Liga team and are in the process of offloading a stake in the Pittsburgh Penguins. Fenway Sports Group’s history tells a tale of how sports ownership is being transformed from a luxury status symbol to a piece of an investment portfolio. In the days after buying the Red Sox, FSG rapidly increased spending and was frequently bidding for top players in search of winning championships. In recent years, however, the Red Sox have floundered and shifted away from investing in top dollar signings. As FSG has begun to expand its portfolio, the Red Sox have faded from prized possession to revenue driver. Teams across the country are increasingly viewed as solid investments. With private equity money flooding into ownership groups, operations are being reshaped, often at the expense of fans, as clubs cut costs and trade stars like Rafael Devers, just two years into a ten-year deal. It may be boosting the team’s bottom line, but it’s harming fans and making the product less enjoyable. I wonder if this callous attitude will damage fan trust and turn people off the product in the long term. Time will tell, but for now I will be tuning into more Giants games.

Yankee Stadium

On Tuesday, I went to Yankee Stadium to watch them play the Angels. After Joon Lee’s piece on rising sports prices in the New York Times this week, I have been thinking about how rising costs have reshaped community building around sports. I found the atmosphere at Yankee Stadium to be enjoyable. But after spending a substantial amount of time this summer with USL League One team Westchester SC, I found the contrast to be remarkable. At Yankee Stadium no one was talking with one another, whereas it seems like people are constantly making new friends at the WSC games. The piped-in sound effects at Yankee Stadium make it hard to hear yourself think, let alone strike up a conversation with the person next to you, again, a totally different vibe than any smaller scale team or league. Thinking back on my favorite sports memories, many revolve around Cape Cod League baseball and its free tickets, another example of community-first sports. Aside from the obvious note of lowering prices, stadiums would do better to let the game breathe, get rid of artificial noise, and allow for community to be formed in the stands. After all, that is what sports are all about.

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Stray Thoughts: Former NFL star Jimmy Graham taking to the ocean, Club World Cup struggles, J.J. Spraun’s improbable win, Boston Marathon qualifying changed.

Filed Under: Boston Sports, Opinion, Sports Business Tagged With: Boston Red Sox, Cape Cod League, Fenway Sports Group, Yankee Stadium

Lakers for Sale: Pricetag = $10B

June 19, 2025 by Terry Lyons

LOS ANGELES – (Staff and Wire Service Report) – For the first time since 1979, the Los Angeles Lakers will not have the Buss family as a majority owner. According to ESPN, the Buss family has entered into an agreement to sell majority ownership of the franchise to Mark Walter, CEO of diversified holding company TWG Global. The Lakers’ sale will be for a reported $10 billion.

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While Walter, who has been a stakeholder in the Lakers in 2021, will own the majority stake, Jeanie Buss will reportedly continue to serve in her role as the team’s governor.

One of the franchise’s all-time greats, Magic Johnson, said the team’s fans should be thrilled by the sale.

“Laker fans should be estatic. A few things I can tell you about Mark — he is driven by winning, excellence, and doing everything the right way. AND he will put in the resources needed to win! I can understand why Jeanie sold the team to Mark Walter because they are just alike – they are competitive people, have big hearts, love to give back, and both prefer to be behind the scenes. This makes all the sense in the world. I am so so SO happy and excited for @Lakers fans all over the world!”

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Jerry Buss purchased the Lakers from Jack Kent Cooke in 1979, a deal that also included the NHL’s Los Angeles Kings and the Los Angeles Forum. At the time, the Lakers were valued at $67.5 million. The Lakers won 11 of their 17 NBA championships under Buss family ownership.

The team’s ownership was passed on to Buss’ children when he died in 2013, with Jeanie taking over the responsibilities as team governor.

Walter will now step in as majority owner, although exact details of the agreement were not yet reported. That said, ESPN and The Athletic reported that the valuation of the deal is in the neighborhood of $10 billion — which would be the largest sale of a professional sports franchise in the world.

The Boston Celtics were sold for $6.1 billion earlier this year, the previous high for an NBA franchise.

Walter has investments in several other professional sports organizations, including the Los Angeles Dodgers of MLB, the WNBA’s Los Angeles Sparks and professional soccer.

–Field Level Media

Filed Under: NBA, Sports Business

Jalen Rose Wins Impact Award

June 18, 2025 by Digital Sports Desk

SPRINGFIELD – The Naismith Basketball Hall of Fame and popular rap star, film producer and actor, entrepreneur, and co-founder of the BIG3 basketball league, Ice Cube, have announced that former player, TV analyst, and philanthropist Jalen Rose will be honored with the 2025 Ice Cube Impact Award.

“It’s truly an honor to be recognized by the Naismith Basketball Hall of Fame with the Ice Cube Impact Award,” said Jalen Rose. “Cube is family, and we share an unwavering dedication to giving back to the communities that raised us. Basketball created opportunities for us in different ways and has allowed both of us to make a lasting impact beyond the court. I’m grateful for this recognition and proud to be celebrated in the Hall’s museum.”

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Rose’s impact extends well beyond the basketball court through his unwavering commitment to education and community development in his hometown of Detroit. In 2011, he founded the Jalen Rose Leadership Academy (JRLA), an open-enrollment, tuition-free public charter high school focused on academic excellence and family. JRLA prides itself on being a 9-16 model, to and through college, and offers AP courses, college tours, summer programs, and dual enrollment opportunities. Rose remains hands-on as the president of the Board of Directors and is actively fundraising to bridge the funding gap, raise dollars for college scholarships, and support a $20 million capital campaign to expand the school. Jalen also has a scholarship endowment at the University of Michigan.

Beyond education, Jalen serves as a volunteer Board Member for the National Basketball Players Association Foundation and partners with New Era Detroit, a community organization that focuses on community engagement, resource distribution, and safety initiatives. His dedication to Detroit and beyond is reflected in the time, resources, and leadership he continues to invest in the city where he was raised.

“Throughout his entire career, Jalen has consistently been a force for good,” said Ice Cube, who was recognized last year with the inaugural award. “Not only does he give back to his communities through fundraising, education, and, most importantly, through basketball, but he leads by example, championing the exact values this award was created to celebrate. His impact can be felt deeply in Detroit, and his commitment to building up the next generation is inspiring. I could not be more honored that we have named Jalen Rose this year’s Ice Cube Impact Award recipient and thank him for his tireless dedication to lifting up communities through the beautiful game of basketball.”

The Ice Cube Impact Award was created in 2024 to recognize individuals making substantial contributions to their communities through basketball. As the eponymous recipient, Ice Cube was honored with the inaugural award for his creation of the BIG3 basketball league alongside Jeff Kwatinetz in 2017. The league plays the premier global version of professionalized 3-on-3 basketball and is committed to increasing the opportunity, entertainment, diversity, and growth of the 3-on-3 game. The Ice Cube Impact Award is permanently housed in the Naismith Basketball Hall of Fame’s museum and recognizes honorees through a dedicated exhibit and in-depth storytelling.

“It’s incredibly exciting to see Ice Cube and the Hall of Fame come together for something this impactful,” said John L. Doleva, President and CEO of the Naismith Basketball Hall of Fame. “Ice Cube’s influence goes way beyond entertainment—he’s a cultural icon who’s using his platform to uplift communities through education and philanthropy. This partnership represents a modern, meaningful opportunity for the Hall to celebrate not just basketball excellence, but the power of the game to drive real change. Jalen Rose is a remarkable selection for the Ice Cube Impact Award, embodying the values this honor was created to recognize.”

The Ice Cube Impact Award will be presented to Jalen Rose at the Naismith Basketball Hall of Fame during Enshrinement Weekend festivities on Saturday, September 6, in Springfield, Massachusetts.

Filed Under: NBA, NCAA, Sports Business Tagged With: Jalen Rose, Naismith Memorial Basketball Hall of Fame

SPORTS BIZ: Secret to a Great Summer

June 18, 2025 by Digital Sports Desk

By JAMES GUMINA

MOUNT VERNON, NY – One of the great opportunities of this  summer has been working as an intern for  Westchester SC at home games. For anyone not familiar, Westchester SC is a first year expansion club in USL League One that holds the record for quickest turnaround from franchise announcement to fielding a team on opening day, and it’s already one of the fastest growing professional clubs in the United States. They compete in USL League One, a professional league two tiers below MLS, as well as in multi-league tournaments like the Jägermeister Cup.

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Home games are played at Mount Vernon’s Memorial Field. Don’t let the number of multipurpose lines on the field fool you, the stadium and club are run extremely well and quite professionally. Easy entry, musical bands, numerous concession stands, and food trucks from across the local community make taking in Westchester games a great experience for the family.

In an era where going to see a pro sports game has become financially burdensome, local professional teams like this are a breath of fresh air. Ticket prices start at $15, and you can get a full, delicious meal and drinks from a food truck for under $20. Add in free parking, and you’ve got a proposition that’s hard to beat. This isn’t your local rec league. These are professional players, many with long careers in academies and clubs both in the U.S. and abroad.

WSC may be new to the league, but its roster is anything but inexperienced. The team pulled on local pipelines and talent to form a dynamic and competitive squad in its inaugural season. From MLS Veterans like Andrew Jean-Baptiste, to USL League one standouts like Steven Payne, to dynamic young goal scorers like JC Obregon, the roster spans experience levels and makes the product on the field a treat to watch.

From the way this team is run, you would have no idea it was a first year club. The stadium experience is smooth and seamless, with a European-style “Ultra” section, dubbed the 914th Infantry, leading chants and energizing the crowd.

I spent a long time in the stands prior to the recent game against AV Alta FC asking where people were from and what brought them to the stadium. As to where people were from, I heard just about every town within a 30 minute drive and a number of people who made the trip up from New York City. With free parking across the street and just a 15-minute walk from Metro-North train line, Westchester SC has drawn fans from across the region.

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Where there was a wide variety of answers to the first question, nearly everyone had the same answer to the second; community.

From members of the 914th infantry, to kids who had heard about the team from one of their friends at school, to family of the players and employees of the team, WSC has made strong inroads into the fabric of the local community. It’s a community of people that love sports, especially soccer, and with the New York City professional teams being hard physically and financially to access, Westchester SC can capitalize on the shortcomings of the more established teams and Westchester can better serve the fans.

Between all these facts, and the raucous 2,000+ person crowd against AV Alta FC, it was easy to forget that the team has only been in existence for closer to 10 months, rather than 10 years. This season is only the beginning for this franchise, and what a well executed start it has been. I look forward to attending more games over the course of the summer of 2025 and to watching the team grow, develop, and prosper within the Westchester community.

Filed Under: Opinion, Sports Business Tagged With: USL League One, Westchester SC

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