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MLB: Positive Signs from Fans

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NEW YORK – (Staff and Wire Service Report) – Major League Baseball attendance experienced its largest growth in 30 years in 2023, the league announced in a statement. Total attendance of 70,747,365 was up 9.6 percent over 2022 (64,556,636) and the average attendance of 29,295 was up 9.1 percent.

Seventeen of the 30 teams drew more than 2.5 million fans, matching the most in MLB history, and eight attracted more than 3 million.

Eleven weekends drew more than 1.5 million fans, compared to a total of five such weekends over the previous four full seasons (2018-19, 2021-22) combined.

Spectators also set streaming records this season with 12.7 billion minutes watched on MLB.TV, a 9 percent boost from last season’s total of 11.7 billion.

The number of users watching MLB.TV increased by 14 percent from 2022 and fans watched 17 percent more games than last season.

Factoring into the sport’s increased watchability was the marked decrease in the average length of the games, thanks in part to pitch clocks. Games in 2023 averaged 2 hours, 39 minutes and 49 seconds, the shortest since 1985 and a decrease of 24 minutes from last season. Only nine games lasted 3 1/2 hours or longer, down from 390 such games back in 2021.

–Field Level Media

PGA Tour Officials Testify Before Senate

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No Merger Deal is Done, According to PGA Tour Officials

WASH DC – (Staff and Wire Service Report) – PGA Tour officials painted a bleak outlook during a contentious Senate hearing Tuesday, sharing they felt no other choice was left but to merge with Saudi-backed LIV Golf in order for the tour to survive.

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“The PGA Tour is not that big in terms of players,” PGA Tour board member Jimmy Dunne said during sworn testimony Tuesday before the U.S. Senate Permanent Subcommittee on Investigations in Washington, D.C. “If (LIV) takes five players a year, in five years they can gut us. They’ve got a management team that wants to destroy the Tour. And even though (LIV) could take five or six players a year, they have an unlimited horizon and an unlimited amount of money.

“So it isn’t like the (LIV) product is better. It’s just that there’s a lot more money that will make people move.”

Several Senators cited accusations of Saudi Arabia’s human rights abuses as reason to question the May 30 framework agreement between the PGA Tour and LIV Golf.

“Today’s hearing is about much more than the game of golf,” Senator Richard Blumenthal said. “It’s about how a brutal, repressive regime can buy influence, and indeed even take over a cherished American institution to cleanse its public image.”

Dunne and Ron Price, the chief operating officer of the PGA Tour, testified on behalf of the tour with CEO Jay Monahan on medical leave. They said the framework of the planned merger is the best opportunity to allow the PGA Tour to continue to have some degree of control over the sport despite the Public Investment Fund (PIF) of Saudi Arabia’s involvement.

When pressed on the details of the financial involvement of the Saudis, Price said, “There’s been discussions. It would be a significant amount. North of $1 billion.”

Along with other Senators, Blumenthal offered harsh criticism of the financial aspects of the decision to merge.

“There is something that stinks about this path that you’re on right now,” Blumenthal said, “because it is a surrender, and it is all about the money and that’s the reason for the backlash that you see.”

Blumenthal asked Price what his options are if the PGA Tour doesn’t execute the merger with LIV Golf.

“We would still be facing a real threat that LIV Golf would continue to recruit our top players,” Price said.

Blumenthal responded, “These players that stood by you are heroes.”

Dunne testified that he shares some of the concerns Blumenthal raised in the hearing.

“I really understand Sen. Blumenthal’s concern about having them take over,” Dunne said. “…I’m concerned with what the senator is worried about. But I’m concerned if we do nothing, we’re going to end up there, they’re going to end up owning golf. They can do it.”

The proposed merger could face blockage from the Justice Department, which has been investigating the PGA Tour for its attempt to keep its players from leaving for LIV, as well as a review by the Committee on Foreign Investment in the United States, a Treasury-led committee that assesses mergers for national security purposes.

Price and Dunne stressed during Tuesday’s hearing that final details of the merger are undetermined.

NBA: Silver Opines on Wealth Funds

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LAS VEGAS – (Staff and Wire Service Report) – With sovereign wealth funds starting to shovel money into sports teams and leagues across the country, NBA commissioner Adam Silver said Monday that he does not see any state-owned investment groups becoming the controlling owner of an NBA franchise anytime soon.

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Per the NBA’s investment rules, the controlling owner of an NBA franchise must own at least 15 percent of the franchise.

If a sovereign wealth fund wants to get involved, it must have a passive investment in the organization that is worth no more than five percent. A prime example of this is the Qatar sovereign wealth fund, which last month agreed to purchase a five-percent stake in Monumental Sports and Entertainment, the controlling owner of the Washington Wizards, the WNBA’s Washington Mystics and the NHL’s Washington Capitals.

Silver wants to make sure that individuals are the ones that are primarily governing teams, though.

“I don’t want to say what could ever happen, but there’s no contemplation right now,” Silver said in Las Vegas. “I mean, it’s very important to us, putting aside sovereign wealth funds that individuals are in a position to control our teams, be responsible to the fans, be responsible to their partners and to the players.

“It’s very important to us that there be a person (in charge), and this is independent of sovereign wealth funds. I think that in terms of the connection with the community, the connection with the players and their other partners in the league.”

One of the most notable sovereign wealth funds as it relates to the sports is Saudi Arabia’s Public Investment Fund, which funds LIV Golf. The PGA Tour created shockwaves across the golf world last month when it announced it planned to enter a merger with LIV.

–Field Level Media

SlamBall is Back; ESPN OnBoard

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ESPN Platforms to Carry More Than 30 Hours of Live Action in 2023, Starting Opening Night, July 21, from 7 to 9 p.m. ET on ESPN

LAS VEGAS/BRISTOL, Conn – (Staff Report from Official News Release) –

SlamBall is Back and ESPN – the worldwide leader in sports – is onboard for the ride, coming this July.

SlamBall, the fast-paced, gravity-defying sport that combines elements of basketball, football, hockey and trampolines, today announced an exclusive, two-year national broadcast partnership with ESPN for the 2023 and 2024 seasons.

The broadcasting partnership begins on Opening Night, as SlamBall relaunches live action from its home-base in Las Vegas on July 21 from 7-9 p.m. ET.  ESPN, ESPN2 and ESPN+ will combine to air more than 30 hours of live SlamBall programming across five weekends, culminating August 17-19 with the SlamBall Playoffs and SlamBall Championship Game.

All games will be played at Cox Pavilion in Las Vegas, with ticket sales beginning on June 27.

“ESPN’s multi-year commitment to SlamBall is further validation of the enormous appeal and growth potential of our sport,” said SlamBall creator and CEO Mason Gordon. “The level of interest in our hybrid team sport not just in the United States, but across the world, has been beyond our expectations for the 2023 season. It’s clear that this best talent we have had in the sport’s history.”

“Mason and I couldn’t help but respond to the #BringBackSlamBall clamor,” said SlamBall co-founder Mike Tollin. “Live sports dominate the airwaves these days and audiences are looking for the next big thing. It’s a thrill to collaborate with ESPN in bringing this ground-breaking sport back to the world.”

“SlamBall is a league that combines elements of some of our fans’ favorite sports, resulting in a unique game that’s sure to entertain viewers across ESPN’s platforms.” said Ashley O’Connor, Sr. Director, Programming & Acquisitions at ESPN.

The broadcast team, production details, and full broadcast schedule will be announced in the weeks to come.

SlamBall has a long-term partnership with global premium experiences company Legends to provide e-commerce and on-site event retail; global, data-driven partnership strategy and execution; and business intelligence with actionable insights to drive revenue across all areas of the league.

David Levy at Horizon Sports and Experiences is providing additional sponsorship sales support in the 2023 and 2024 seasons.

SlamBall recently closed an $11 million Series A round led by Roger Ehrenberg’s IA Sports Ventures and Eberg Capital (Owner and Advisory Board Member, Miami Marlins, Betr, Simplebet) with participation from strategic investors across sports, gaming, entertainment, and media.

Strategic investors include David Blitzer (Harris Blitzer Sports & Entertainment, Cleveland Guardians, Crystal Palace), David Adelman (76ers, NJ Devils), Michael Rubin (Fanatics), Gary Vaynerchuk (VaynerX, Major League Pickleball), and Blake Griffin (Boston Celtics power forward and six-time NBA All-Star).

Additional investors include: Kevin Nagle (Sacramento Kings), Lloyd Danzig (Sharp Alpha), Legends, Brian Lovell (Red Games), Jesse Sharf (Gibson Dunn), Accelerate Sports, and Eric Manlunas (Wavemaker Partners). Accelerate Sports provided investment banking services for the round.

Originally staged in 1999 by founders Mason Gordon and Mike Tollin, SlamBall is a one-of-a-kind sports and entertainment property with a rich history of success in the United States and in markets around the world.

It is a compelling hybrid combination of the best elements of basketball, football, and ice-hockey, infused with the essence of a video game come to life. The new, enhanced league, which includes partner Tom Penn, founder of LAFC, is set for its full comeback in the summer of 2023. Amid the current resurgence of interest in alternate sports, the hashtag #BringBackSlamBall has garnered more than 200 million views on social media, offering a powerful foundation of fandom for the sport’s revival.

For additional information, visit https://slamballleague.com/

Antonio Brown Buys Into the Empire

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ALBANY – Former NFL All-Pro Antonio Brown promised to be hands on in his new role as a part-owner of the Albany Empire of the National Arena League.

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Brown was introduced Thursday at a news conference in the New York State Capitol, where his father is a legend. Eddie Brown, who starred for the Albany Firebirds in the heyday of the Arena Football League, also is joining the franchise as vice president of operations.

The Albany Times Union said Empire owner Mike Kwarta declined to offer details about Brown’s ownership agreement but commented that they are “equal partners, if you would.”

“Touchdown” Eddie Brown played in Albany from 1994-2001, and Antonio Brown was in elementary school with his dad joined the Firebirds.

“It means everything to be back here in the community where I grew up as a kid,” Antonio Brown said. “It’s about keeping Albany football, sustainability, being here forever, and offering the community, the kids, the players, a great opportunity to be successful.”

He said he isn’t just investing money in the franchise.

“I just want to be here hands-on, help the players be successful on and off the field, and just be an advocate here in the community to bring it out. If that’s going out in the community, getting people to the game, getting kids to come out here, events in the stadium, so whatever it takes to help us be our best selves and hoist a trophy,” Brown said.

Kwarta said he had no worries about partnering with the controversial Brown, who faced suspensions, criminal charges and civil lawsuits in his NFL days. Kwarta said their conversations had focused on Brown’s “childhood, what his dad did here, the legacies, and what can we do for the community, and that’s completely what we’re focused on.”

Eddie Brown was voted the best player in Arena Football League history in 2006 as the league celebrated its 20th anniversary.

The current Arena league doesn’t prohibit player-owners, but Antonio Brown said that won’t happen.

“I did everything as far as playing in the career of football,” the younger Brown said. “I won’t retire because I still got the game, but just working on other things.”

Brown, 34, played 12 seasons with the Pittsburgh Steelers, New England Patriots and Tampa Bay Buccaneers. The Bucs released him on Jan. 6, 2022, days after he left the field in a game against the New York Jets and threw part of his gear into the stands.

A four-time All-Pro, Brown won a Super Bowl with the Buccaneers in 2020. In 146 career games, he made 928 catches for 12,291 yards and caught 83 touchdown passes. He also returned one kickoff and four punts for TDs.

The Empire open the season April 16 at home against the Orlando Predators.

–Field Level Media

NFL Commanders Attract $5.5b Bid

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WASHINGTON DC – (Staff and Wire Service Report) – Houston Rockets team owner Tilman Fertitta has submitted a $5.5 billion bid to buy the Washington Commanders, The Washington Post reported Sunday. Fertitta purchased the NBA franchise for $2.2 billion in September 2017.

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The only other known bidder is Philadelphia 76ers and New Jersey Devils owner Josh Harris, according to ESPN.

Commanders owner Dan Snyder announced in November that he and his wife, Tanya, had hired Bank of America Securities to consider “potential transactions” involving the NFL franchise.

ESPN reported Thursday that Amazon founder and Washington Post owner Jeff Bezos had hired an investment firm to explore the possibility of bidding on the Commanders.

On Saturday, however, The Athletic reported that Snyder has barred Bezos from placing a bid.

Snyder, 58, has owned the team since 1999.

Media reports last month said the Commanders could be sold as soon as March but that no candidate met Snyder’s asking price of $7 billion in the first round of bids.

–Field Level Media

Sports Biz: T-Mac Starts 1-on-1 League

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HOUSTON – (Staff Report with Information from Official News Release) – Seven-time NBA All-Star, Basketball Hall-of-Famer, and entrepreneur Tracy McGrady released information on his fledgling Ones Basketball Association, including the regional schedule and venues for the launch of the first-ever, elite competition that will celebrate the most skilled one-on-one basketball players.

The first year of regional competition will take place in seven cities in the United States, beginning the weekend of April 30, 2022. The league’s regular season begins in Houston and concludes in the San Francisco Bay Area in June. The 2022 Finals for the Ones Basketball Association will take place in July in Los Angeles.

“Our goal this year is to test and preview how we should best spotlight and celebrate the competition, raw athletic talent, and extraordinary skills of these young rising stars,” McGrady said. “We are proud to partner with Jeffrey Pollack, who will help us develop our game plan on and off the court. His input is already invaluable to me, as we take our first steps as a startup league and set the foundation for a global basketball property that will create more opportunities for athletes and fans and tell new basketball stories.”

Beginning in April, seven cities across the United States will host a two-day, regional, 32-player round-robin knockout tournament with athletes aged 18 and up who are currently not under an NBA contract and have not been on an active NBA roster for more than 164 games (equivalent to two NBA regular seasons). The participants will come from a combination of open-sourced video submissions and the advice of basketball insiders. The aim is to welcome both best-in-class talent and players who may still be under the radar of most basketball fans. The inaugural events this year will feature only men, and women will be welcomed as equal participants as soon as 2023.

The Ones Basketball Association season:

Houston, April 30-May 1 (The Dub Sports Zone, Richmond, TX)

Atlanta, May 7-8 (CORE4 Atlanta, Chamblee, GA)

Chicago, May 21-22 (Chicago Hope Academy Athletic Center, Chicago, IL)

New York City, May 28-29 (Major R. Owens Community Center hosted by New Heights, Brooklyn, NY)

The DMV, June 4-5 (The St. James, Springfield, VA)

The Bay Area, June 11-12 (The Ultimate Fieldhouse, Walnut Creek, CA)

Los Angeles, TBD (TBD)

The winner of each regional tournament will take home a $10,000 cash prize along with an invitation to the Finals, which will see 21 players (the top three from each region) compete for a chance to win a $250,000 grand prize and be crowned “Ruler of the Court.”

Venues this first year will have very limited public seating, in order to keep the current focus on the athletes, their stories, and the competitive format.

The field for each regional tournament, along with content and media partners, elite player ambassadors, and details about the 2022 Finals, will be announced in the coming weeks.

The NBA once staged the “Pepsi Hot Shot” competition which was a One-on-One basketball, taped and played at halftime of the NBA on ABC weekly Game of the Week in the 1970s.

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Follow Ones Basketball Association at  https://www.obahoops.com/.

Sakiewicz Steps Down from NLL Post

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PHILADELPHIA – The National Lacrosse League announced that Commissioner Nick Sakiewicz has decided to leave his position to pursue other interests but will continue to advise the league until June 30, 2022. The league has also announced that Deputy Commissioner Jessica Berman will assume the Commissioner duties. The league will announce the selection process for a new Commissioner in the near future.

The NLL has enjoyed unprecedented growth, new media partnerships, and expansion during Sakiewicz’s term as league Commissioner. His tenure began began January 1, 2016.

“The National Lacrosse League has seen transformative change and is poised for both future growth and success, thanks to Nick’s leadership during the past six years,” said Matt Hutchings, COO and EVP at Kroenke Sports & Entertainment, franchise owner of the Colorado Mammoth, speaking as Chairman of the NLL Board of Governors. “On behalf of the NLL Board of Governors, we thank him and the league staff, for all they have done to put the NLL in this position and look forward to seeing what he does next.”

Hutchings continued, “We understood the importance of having a strong team to carry on when the organization’s success provides opportunities for its leaders. Therefore, several years ago, we very intentionally empowered Nick to strengthen our management team with the Deputy Commissioner position. Jessica Berman has done a wonderful job in her short time in this role, and the league is in great hands with her and our experienced management team supporting her efforts.”

“I have enjoyed my time leading the NLL, and want to thank the lacrosse community, NLL’s amazing fans, players, our board, owners, partners, and, league staff for the support that has led us to the point where we are now, poised for greatness in the years ahead,” Sakiewicz said. “Through thoughtful and strategic business planning the league expanded with the right investors, embracing the digitally native fan and expanding our media reach now with both ESPN and TSN for the first time in league history, the NLL and the sport of lacrosse on every level, is in a much better place with a brighter future than ever before.”

“My decision to leave now is a personal one,” he added. “The goals I had set out when I came to the NLL from soccer have been met, and it is time for me to pursue a new, exciting and different global opportunity as my next challenge.”

Under Sakiewicz’s watch, the NLL has experienced unprecedented growth, expanding from nine to 15 teams. Under his leadership, the League also secured the two largest media rights deals in the history of the league, first partnering with B/R Live, Turner’s live streaming service, for all games to be streamed on the platform starting with the 2018–2019 season. The NLL also signed a broadcasting rights deal with ESPN.

Costacos Unveils NFL QB Collection

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LOS ANGELES – (Staff Report from official News Release) – The Costacos Collection unveiled its second NFT drop in partnership with four legendary former NFL quarterbacks: Troy Aikman, Warren Moon, Jim McMahon, and Dan Marino. Following the company’s inaugural foray with baseball great Willie Mays, the QB Legends Collection re-imagines the four quarterbacks’ iconic ‘80s/‘90s Costacos posters in new digital form. In addition, the quarterbacks have worked closely with John Costacos and acclaimed digital artist Mike Campau to create all-new 3D art pieces capturing the defining moments and themes from the players’ legendary careers. A portion of proceeds from the drop will be donated to the Pro Football Hall of Fame Enshrinees Assistance Foundation, an organization that assists HOF members and their families.

Collectors can access the drop on the newly-launched CostacosCollection.com marketplace. The Costacos Collection has entered into a strategic technology partnership with GigLabs to build on the Flow blockchain, joining NBA Top Shot, NFL ALL DAY, and UFC Strike, created by Dapper Labs. The partnership has enabled the Costacos Collection to build a proprietary NFT marketplace on the environmentally-friendly Flow blockchain, joining other GigLabs partners that include CNN, Turner Sports, Athletes Unlimited, Speedway Motorsports, the University of Miami, and others. The Costacos Collection marketplace includes full credit card support and simple wallet signup requiring only an email address.

“We couldn’t have hoped for a more exciting group of legacy athletes with whom to partner for the launch of the Costacos Collection marketplace,” said CEO Justin Moorad. “Troy, Warren, Jim, and Dan, all with their own unique personalities and career paths, represent a generation of NFL culture that was captured in their original Costacos posters. It’s an honor to help bring those iconic images back to life, and a privilege to watch John and the players work together to create all-new digital art that we believe their legions of fans will be passionate about collecting.”

“We loved working with all the athletes, the pitchers, home-run hitters, point guards, linebackers, all of them,” said Costacos. “But there was nothing quite like creating an image with an NFL quarterback because the great ones are the guys with all the firepower that make the offense go. Jim McMahon was the first poster we printed back in 1986. There we were in Chicago, 2,000 miles from home, a couple of kids with an idea but no experience, who somehow convinced the NFL’s biggest superstar to dress up like Mad Max and take pictures next to a live bear cub in the middle of a thunderstorm. Jim was larger than life, he’d just led the Chicago Bears to their one and only Super Bowl victory and was at the forefront of sports pop culture. We may not have known how we were going to pull it off but somehow we did and had a ton of fun shooting it, and Jim did too. We got lucky with a break in the weather, the shots ended up working, and we ended up with one of the great posters of all time – and a lifelong friend in Jimmy Mac.”

“Being part of the Costacos Collection was what every athlete from our era dreamed about, it was like being on a Wheaties box but better, because you hung on the wall of every bedroom of fans across the country,” McMahon said. “It’s pretty cool that Mad Mac was the first one and the start of it all. I still have it on my wall. And it’s just as cool to be a part of this new era, I’m having tons of fun working creatively with John again. He’s the most creative guy I know, and when we’re done we always make sure to sit down for a beer or six.”

TL’s Sunday Sports Notes – Jan 16th

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While We’re Young (Ideas) Looks at FIBA, Golf Etiquette and Parting Words from NBPA’s Michele Roberts

By TERRY LYONS

This one almost made it right past us all. If it weren’t for the backdrop of the spectacular Giza Plateau in Egypt, the FIBA Intercontinental Cup might’ve gone astray, like a Russell Westbrook turnover.

FIBA, the international basketball federation, conducts several basketball tournaments throughout the years, including the FIBA World Cup (formerly the World Championship of Basketball) and by declaration of the IOC (International Olympic Committee), FIBA oversees the men’s and women’s hoop tournaments at the Olympics Games. FIBA also dabbles with a European-wide pro league, is partners with the NBA on the Basketball Africa League and now organizes the Intercontinental Cup, as new basketball tournament with representative professional (not national) teams from the Americas, Africa and Europe.

The draw for the February 11-13 event took place a three-point field goal distance away from the great Pyramids of Cairo and that attention-grabber of a draw resulted in the Americas bracket of South America’s Flamengo of Brazil to face none other than the 2020-21 NBA G-League winners Lakeland Magic (near parent club Orlando).

In the other semi-final bracket, Basketball Champions League 2020-21 winners Hereda San Pablo Burgos of Spain will face the inaugural Basketball Africa League champion and tournament host Zamalek SC of Cairo.

According to a FIBA news release, “the ambassador of the 2022 event, Egyptian soccer legend and former Zamalek player Mido, accepted the task of conducting the draw at the Giza Plateau and took the opportunity to profess his love of basketball.”

HERE NOW, THE NOTES: “Honestly, I’m a little bit tired of the situation,” said Rafa Nadal when asked about the Australian Open tennis saga of Novak Djokovic. “The Australian Open is much more important than any player,” Nadal said in his pre-tournament media session. “If he’s playing, finally, OK. If he’s not playing, the Australian Open will be a great Australian Open, with or without him. That’s my point of view.” … There should be more focus on the game of Nikola Jokic of the Denver Nuggets than “Novax” Djokovicplaying tennis (or not) on the other side of the world.

What else?

The sport of golf deserves better than to have SONY Open reigning champ Kevin Na trading cheap shots (on Twitter, no less) with Tour hack Grayson Murray. If only one sport can survive the brutal, insensitive nature of life in 2020-21-22, you’d think it might be golf. But, no…

We’ve got Brooks Koepka and Bryson DeChambeau barking at each other before they teed-up a made for TV event in the PGA silly season and now, just as the 2022 PGA Tour is fully underway, we have this:

Twitter avatar for @GraysonMurrayGrayson Murray @GraysonMurray

Kevin Na taking 3 minutes to putt them. does get old.

Chantel McCabe @chantel_mccabe

Kevin Na walking in putts does not get old.

January 14th 2022

56 Retweets

Twitter avatar for @GraysonMurrayGrayson Murray @GraysonMurray

If they penalized you like they should for slow play you’d never make another cut either.

Kevin Na @kevinna915

@GraysonMurray u missing the cut is getting old!

January 15th 2022

69 Retweets

COMINGS & GOINGS: Nice ‘get” by ESPN in hiring Pete Thamel away from Yahoo Sports (anyone remember that Verizon, Yahoo thing called OATH)? … You’d think ESPN would re-hire Andy Katz before Yahoo Sports signs him? … Michele Roberts has officially retired from her gig as the Executive Director of the NBA Players Association. She’d been on the job since 2014. Taking over the prestigious job representing the players’ union is little known Tamika Tremaglio, former Managing Principal of Deloitte’s Greater Washington practice, where she has served as an advisor and consultant to the NBPA since 2012.

EQUITY STAKE: In one of Ms. Roberts’ final interview before departing the NBPA, she waxed philosophic on one serious regret of her tenure repping the players and that was not negotiating equity stakes for the players or Players’ Association (as one) in the rising valuations of NBA franchises. Said Roberts to the Sports Business Journal: “The biggest challenge which I sorely wish I could have met was securing player ownership in the 30 teams they have historically and continue to enrich.” … When contemplating the concept Roberts has in mind, three things immediately come to mind: 1). Do the players as a whole benefit? And, if so, when there’s cash calls during the tenure of various team ownership, does the current roster pony-up or does the Union as a whole pay-in? Can you imagine the 10-day roster signee finding out on Day 2, “Ahh, you owe $100,000 to the team for the recent cash call.” … 2). If a franchise sells, does every single player in its history get a piece of the action? … 3). If a franchise decides to invest in a privately-owned new building, do the players have to help fund the construction? Again? every player on current roster or every player who ever wore that team’s jersey?

The concept seems to be more of some kind of “Flip Tax” on a franchise that increases in value, much like the hated flip tax on a New York City co-op. If LA’s Jeannie Buss decides to sell the Lakers, does the estate of Wilt Chamberlain get a few bucks?

TL