Michael Jordan retired nine years ago. His last championship
with the Bulls came in 1998. He is 50 years old and unfortunately, he owns the
Charlotte Bobcats. Yikes.
Amongst the madness of March each year (as
fellow contributor Kevin Murray discussed yesterday), it’s easy for the big
business of the Big Dance to go unnoticed. High-level sponsors and multibillion
dollar broadcast deals make the Men’s NCAA Basketball Tournament one of the
biggest draws in sport. Here are some trends that affect the future of the Big
Dance:
The "madness" has struck, and man, has it been wild.
Everyone knows how much money is earned by the conferences that compete in the NCAA tournament, but what is rarely spoken about is the other things it can bring to the schools and conferences that succeed.
The Drexel SMTSU team would like to wish the group of Drexel Sport Management students currently in Ireland an amazing trip as they immerse themselves in Irish Sport Culture. A special "shoutout" goes to our President, Kevin Giordano, and our Vice President, Kevin Rossi. Also, our blog contributors, Matthew Puzio and Josh Brackett!
Today is one of the best days of the year, the first day of
the NCAA Tournament.This has become a huge stable for the month
of March.Millions of people will fill
out brackets including the Barak Obama.All of this leads to so much money for many
different people.The people that
benefit the most are the NCAA, the
teams and the conference the team is from, and bookmakers.
Robbie Hicks is a
freshman sport management major at Drexel University. From Kennett Square, Pennsylvania, Robbie’s
sports industry interests lie in sports law where he hopes to one day reach his
dream job of becoming a sports agent.
Sounds ridiculous, right? Well, it is what Big 10 Commissioner, Jim Delany, is saying may happen if the ongoing Ed O'Bannon vs. NCAA case ends in favor of the plaintiff(s). Ed O'Bannon, former UCLA basketball player, along with many other former college basketball and football players, are suing the NCAA seeking the right for athletes to share in the television revenues.
The NFL has already made
two new rule changes for the upcoming year at the NFL Annual Meeting. While
four proposals have yet to be voted on, two others did not take long to get
passed. Of course with every decision there are two reactions. Some fans
believe that these changes are taking away from the game and will eventually
lead to the game basically being “flag football.” Others believe that this is
great for the sport because player safety is a huge thing and it should be the
number one priority.
The 2012-2013 season was loaded with possibilities for the Philadelphia
76ers. After defeating the #1 seeded Derrick Rose-less Bulls in the first round
of the playoffs last year, they brought the Celtics to seven games before being
knocked out. As a team without a conventional “star,” the Sixers surprised fans
by performing well with a solid nucleus of players who were great defensively. They
could only get better from here, right?
With Selection Sunday capping off the upcoming weekend and the NCAA tournament right around the corner, here is a career development bracket to get you thinking. What's most important to you? Do you need to do more?
Travis Sheehan is
a pre-junior sport management student at Drexel University destined to make a
name for himself in the sports industry.
From Bordentown, NJ, Travis’ industry interests lie in sports law and
more specifically in baseball which is also his favorite sport.
It's almost time for NFL Free Agency to begin and to most fans that means the excitement of their favorite team getting a shot at some of the top talent in the NFL, but for the business side of the NFL it means millions of dollars will be tossed around in an auction like fashion. Coveted players such as the Pittsburgh Steeler's Mike Wallace could see contracts with numbers like 5 years with $60 million and $30 million guaranteed. That is a lot of money, and if you are the general manager that is going to pay him that kind of money you better be sure he is worth it.
The scene: Member schools of the NCAA are represented by a person with their sacrificial apple (Saint Mary's College) balanced a top their head. The NCAA infractions committee stands 100 feet away, with a bow and arrow, set to deliver their punishing blow. How close will they come to the core of the apple? Will they just hit the apple or will they damage the entity it is rested on? So many questions...
One of the biggest issues facing sports, if not the biggest,
is the multitude of concussions and brain damage that has been caused for many
athletes who play football, rugby, and hockey. For years now, former players
have sued leagues and now they instill fines to players who make helmet-to-helmet
contact.However, there is no real way
to instill such rules, because these players already make millions of dollars
and they would rather make a nice hit, because that is the way the game is
supposed to be played in their minds. And they are right.
Now in its third event, this year’s
World Baseball Classic has been publicized more for its criticism than its
glory. At least that seems the case here in America. When the WBC was instated
several years back, the tournament was meant to model the World Cup in that it should
inspire global competition and unification through sport. However, it seems as
though the WBC hasn’t been able to quite capture the attention of Americans as it
was designed.
AEG’s
plan to bring a stadium to downtown Los
Angeles is dead according to Yahoo Sports author Jason Cole.One of the
biggest problems with the deal is the economics behind it.The cost would be at least 1.8 billion.This amount causes a problem for both AEG and
whichever team ends up relocating to Los Angeles.Another problem with this plan is that NFL told the owners that no team would
be moving to Los Angeles for the 2013 season.
If there is one thing every team in all the sports leagues around the world have in common is the need to get money to build a competitive team. Even though they are regarded by many fans as the greatest football club in the world, they are no different from everyone else in their quest for the most lucrative deal out there. One could argue that they had been somewhat different, because during the club's 113 year existence they kept a tradition of avoiding corporate sponsors on their jerseys. Times have changed.
Today Fox will make a major announcement regarding its network: Fox Sports 1,a new 24/7 sports channel, will launch in August. The sports network will compete directly with ESPN just as NBC Sports Network has attempted to do over the past year-plus. The Speed channel will be rebranded as Fox's sports network.
Nascar is about to have some huge
renovations in their main racetrack. Joie Chitwood III recently said, “If
you’re going to claim to be the ‘World Center of Racing’ or the Super Bowl of
the sport, there’s an expectation that comes with that – big, grand, the best.”
This is exactly what Joie has in mind to do and he recently has gotten the
approval to renovate the ancient track. These renovations would make the track
look more like an NFL Stadium and less like a racetrack.