Tag Archives: sports business

17 Feb

Could White Sox, Cubs land MLB All-Star Game in near future?

Could White Sox, Cubs land MLB All-Star Game in near future?

Both Chicago baseball teams stole the headlines this offseason with impact players heading both to the North Side and the South Side.

 

On the business side of baseball, both franchises could not be more happy with the excitement from the fan bases as sales for season tickets for the White Sox have exploded and the Cubs are transforming historic Wrigley Field into more of a modern ballpark.

 

The next step for both teams could be to bring in the “Midsummer Classic.”

CSN Business Insider Rick Horrow believes new MLB commissioner Rob Manfred could be receiving big time bids from both Chicago teams.

 

“Look for Chicago to be actively involved in All-Star Game bidding for years to come,” Horrow said.

See what else Horrow had to say about the offseason in the video above.

17 Feb

RADIO: NFL never sleeps – Combine, Adidas, and Lagardere

RADIO: NFL never sleeps – Combine, Adidas, and Lagardere

Despite all the controversy surrounding the league last season, the NFL is a successful year round operation. A mere two weeks after the Super Bowl, we’re once again captivated by NFL activity surrounding the annual combine in Indianapolis — a showcase not only for the athletes, but for such brands as adidas and agencies like Lagardere as well. “Beyond the Scoreboard’s” Rick Horrow walks us through the drill.

17 Feb

Bust, Boom, Hope: NFL 2-16

Bust, Boom, Hope: NFL

 

Bust: The Oakland Raiders are withholding $400,000 in rent payments from O.Co Coliseum over “certain claims” not publicly disclosed by the team.  By refusing to pay their annual rent, the team is complicating efforts to finalize a short-term lease extension at the publicly owned stadium.

 

Boom: NFL Commissioner Roger Goodell earned $35 million in 2013, according to the league’s most-recent tax return.  The compensation is essentially flat with the prior year, when Goodell earned $44.2 million, which included $9 million of deferred pay.  Most of

 

Hope: The NFL announced the formation of the Committee on Los Angeles Opportunities to study possible relocation to the market.  In a memo to team owners, Commissioner Goodell reiterated that the league as a whole, not an individual team, controls the relocation process.


What it means: Goodell’s pay is bonus-based and is determined by the league’s three-owner compensation committee each March.  His next compensation package will reflect the NFL’s 2014 season, so it will be interesting to see if owners dock him for a controversial year that included the Ray Rice scandal and player safety concerns.

17 Feb

Bust, Boom, Hope: MLB 2-16

Bust, Boom, Hope: MLB

Bust: Major League Baseball is shutting down the Fan Cave, its New York City-based social media hub, after four years in operation. The move is part of MLB’s attempt to consolidate social media activities under MLB Advanced Media and the MLB Network.

Boom: MLB teams spent a combined $1.94 billion on free agent contracts this offseason. Of the 112 players to sign guaranteed contracts, the average deal was 1.8 years in length and worth $17.3 million. The Washington Nationals led teams with contracts totaling $224 million.

Hope: MLB Commissioner Rob Manfred said that the league will stop awarding the All-Star Game by alternating AL and NL cities, instead moving toward a Super Bowl-type bidding process. The new system changes a practice that has been in place for the last 82 years.

What it means: MLB still has several years left on its lease for the Fan Cave location, and the league has several ideas for how it plans to repurpose the space. Additionally, several components of the Fan Cave will be maintained, but the original concept of having fans live in the space and watch every game will cease.