By TERRY LYONS
BOSTON – The PGA Tour took a break in their schedule for the Tokyo Olympics and Xander Schauffele enjoyed the trip to Japan the most, returning to the USA with a Gold medal for men’s golf while Rory Sabbatini (South Africa) played as a “ringer” for Slovakia and took home the Silver and C.T. Pan won the Bronze for his native country.
This week, the PGA Tour is going double barrel with the tour’s longest all-time title tourney in the World Golf Championship-FedEx St. Jude’s Invitationalin Memphis and the Barracuda Championship in Tahoe.
It’s all back to normal for the PGA Tour, except for ONE THING!
The players on the J.V. tournament in Tahoe are using the dreaded Modified Stableford scoring format, the first PGA Tour event to use the format since The International was staged out in Denver in 2006. Players are allocated points based on the number of strokes taken at each hole with the goal of achieving the highest overall score.
Points Scoring Method:
Albatross +8
Eagle +5
Birdie +2
Par 0
Bogey -1
Double bogey or worse -3
Confused? Nah. Just think of it as the “Elam Ending” of Golf, except it’s used for the whole tournament, not just the ending.
Speaking of Elam ending and changing the games we play, maybe we should say ‘Screw it’ to Dr. Naismith and his rules for the game of basketball – a la one point for a free throw, two points for a field goal and three points for taking a shitty shot from 26+ feet (ABA gimmick, not Dr. Naismith’s fault).
With that in mind, we introduce the Modified Stableford Scoring for Basketball, sponsored by Ford Motor Company, of course, would be the …
Basketball Scoring Method:
Great pass that leads directly to a bucket – (+3) + the basket
Blocked shot – (+3)
Steal – (+2)
Taking a charge – (+2)
Slam Dunk – (+3)
Successful free throw – (+1) or field goal – (+2)
Successful shot from “Downtown” – aka beyond the arc – (+1) except in last 2:59 of game when it counts for (+3)
Turnover – (-1)
Bitching to a ref – (-1)
Getting “posterized” – (-1)
Technical Foul – (-2)
Personal Foul – (0) until after player’s fifth PF, then (-1); In last 2:59, a team can choose to simply inbound ball rather than shoot FTs.
Team Fouls – (0) until after seventh in each quarter; then start to shoot.
Flopping – (-2)
Tapping hands or high-5 or fist-bump to teammates and leaving position in lane after a made free throw – (-2)
Tapping hands or high-5 or fist-bumps with teammates after missed free throw – (-3)
First team to 100 wins.
ONE SIDE CRACK: When we all get to the Pearly Gates, you just “gotta hope” we weren’t all playing by the Modified Stableford system instead of the 10 Commandments.
HERE NOW, SPORTS BIZ NEWS: A shareholder of the Chicago Bulls is currently shopping a 5% stake in the NBA franchise at a valuation of $3 billion. That is $300 million less than current Forbes listing of $3.3 billion for the entire franchise, one of the league’s most iconic. The minimum purchase, according to financial industry sources is a 1.25% stake.
Speaking of franchise values …
FORBES FOOTBALL VALUES: Forbes released its annual listing of NFL franchise valuations and the Dallas Cowboys lead the pack again. In fact, the publicly held “Pack” trails the NFL’s Star franchise by a whopping $3.025 billion. Keep in mind, these are guesstimates and the true value is in the number that a buyer i9s willing to pay. Since NFL franchises don’t go on sale very often, the numbers get ridiculous.
Currently, only the Denver Broncos ($3.75b) are on the market and they might draw some $5b on the open market.
NFL Franchise Valuations (Year-over-Year % Change)
Dallas Cowboys: $6.5 billion (+14%)
New England Patriots: $ 5 billion (+14%)
New York Giants: $4.85 billion (+13%)
Los Angeles Rams: $4.8 billion (+20%)
Washington Football Team: $4.2 billion (+20%)
San Francisco 49ers: $4.175 billion (+10%)
Chicago Bears: $4.075 billion (+16%)
New York Jets: $4.05 billion (+14%)
Philadelphia Eagles: $3.8 billion (+12%)
Denver Broncos: $3.75 billion (+17%)
Houston Texans: $3.7 billion (+12%)
Seattle Seahawks: $3.5 billion (+14%)
Green Bay Packers: $3.475 billion (+14%)
Pittsburgh Steelers: $3.43 billion (+14%)
Miami Dolphins: $3.42 billion (+18%)
Las Vegas Raiders: $3.415 billion (+10%)
Baltimore Ravens: $3.4 billion (+14%)
Minnesota Vikings: $3.35 billion (+14%)
Indianapolis Colts: $3.25 billion (+14%)
Atlanta Falcons: $3.2 billion (+11%)
Tampa Bay Buccaneers: $2.94 billion (+29%)
Kansas City Chiefs: $2.93 billion (+17%)
Los Angeles Chargers: $2.92 billion (+12%)
Carolina Panthers: $2.91 billion (+14%)
New Orleans Saints: $2.825 billion (+14%)
Jacksonville Jaguars: $2.8 billion (+14%)
Arizona Cardinals: $2.65 billion (+14%)
Tennessee Titans: $2.625 billion (+14%)
Cleveland Browns: $2.6 billion (+11%)
Detroit Lions: $2.4 billion (+14%)
Cincinnati Bengals: $2.275 billion (+14%)
Buffalo Bills: $2.27 billion (+11%)
DRAFT KINGS and BBJ REPORT: The Boston Business Journal reported that Boston, Massachusetts-based Draft Kings Inc. “has received a subpoena from the U.S. Securities and Exchange Commission, which is investigating a report about DraftKings published by short-seller firm Hindenburg Research LLC.
Said the BBJ: “The online sports betting operator (Nasdaq: DKNG) disclosed the news in a public document filed Friday as part of its quarterly report. The SEC subpoena seeks documents concerning certain allegations over “black-market gaming” and money laundering raised by New York City-based Hindenburg in June.”
In an e-mailed statement to news outlets, Draft Kings said it is not uncommon for the SEC to investigate allegations in short-seller reports, according to the BBJ report online. “The SEC inquiry does not suggest any wrongdoing or agreement with the short-seller allegations, and we intend to cooperate with the SEC inquiry,” the company said. … In the quarterly report, Draft Kings said it received the SEC subpoena on July 9. “Despite the potential for significant damages, the Company does not believe, based on currently available information, that the outcome of this proceeding will have a material adverse effect on Draft Kings’ financial condition, although the outcome could be material to Draft Kings’ operating results for any particular period,” Draft Kings noted.
The Hindenburg report claimed, among many other negative points: “Draft Kings trades at a ~26x last twelve months (LTM) sales multiple and a ~20x estimated 2021 sales multiple despite (i) no expectation of earnings for years, (ii) intense competition, and (iii) regulatory risk. The company posted net losses of $844 million in 2020 and $346 million last quarter. … Insiders have dumped over $1.4 billion in stock since the company went public a little over a year ago, with SBTech’s founder leading the pack, having personally sold ~$568 million in shares.
Despite the SEC inquiry analysts were somewhat bullish on Draft Kings for the long haul, stating, “Recent legalization momentum is increasing the likelihood that more States will launch online sports betting around the start of the football season, including Arizona, Louisiana, and Maryland,” they said, also noting recent legislative progress in the company’s home state of Massachusetts.
This week, most of the mainstream sports business media focused on DK deal with Genius Sports. The two companies signed a new multi-year supplier agreement that will give Draft Kings a full range of data and live video content from Genius, including products it has built around its new pricey NFL rights. … Under the deal, DraftKings will gain access to official data and live feeds from more than 170,000 events per year. That covers major leagues like the NFL, NASCAR and English Premier League, but also Genius’ suite of smaller partners, like Argentine, Peruvian and Colombian futbol, which will expand DraftKings’ broad and international appeal, according to multiple media reports, including Sportico.
One thing is for sure with the history of Draft Kings and all Fantasy Sports companies going ‘all-in’ on sports gambling, the lawyers are the busiest guys in the industry and the only people making money.
ROW, ROW, HYDROW YOUR BOAT: The National Basketball Retired Players Association will collaborate with Boston-based Hydrow, and offer NBRPA members special access to the luxury, at-home rowing machine and private one-on-one virtual coaching sessions with Hydrow coaches. … Hydrow is a state-of-the-art interactive rowing machine that allows users to row on virtual waterways the world over from the comfort of their own homes through Live Outdoor Reality. Hydrow provides a low impact, full-body workout, engaging up to 86% of the body’s muscles. … “The ability to offer our Legends a one-of-a-kind, at-home workout option that exercises the whole body, is great for the heart and easy on the knees was a no-brainer,” said Scott Rochelle, NBRPA President & CEO. … “Working with Legends of Basketball is an incredibly special opportunity for us, as it allows us to support these elite athletes throughout the next chapter in their careers,” said Bruce Smith, Chief Executive Officer of Hydrow, Inc. “Hydrow offers a dynamic, low-impact cardiovascular workout, and the fact that you’re able to work out with others mimics the teamwork these athletes have known their entire lives. We’re proud to be able to work with these players who have given us so much joy throughout their illustrious careers.” … Earlier this year, WNBA Legend Ruth Riley and NBA Legend José Calderón of Spain were introduced as Hydrow influencers. Fans can follow along as Riley and Calderón document their Hydrow experiences on their Instagram pages. … Riley recently completed a Hydrow workout with the U.S. Rowing Team. “Nothing like a row with the U.S. Rowing Team to get you into the spirit for Tokyo 2021! I love how Hydrow makes you feel like you are in the boat training with them,” said Riley.
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