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The Biz of Football :: Part of the Business of Sports Network: Round-up: New Deals for Jennings and Starks
The Biz of Hockey :: The Business of Sports Network: Coyotes Update: Reinsdorf Officially Enters the Fray
The Biz of Basketball :: Part of the Business of Sports Network: Nike Releases Limited Edition "Transformers" Basketball Shoes
Round-up: New Deals for Jennings and Starks
The Biz of Football :: Part of the Business of Sports Network —
Jennings Reportedly Extended Green Bay Packers wide receiver Greg Jennings is close to a three-year, $27 million contract extension according to ESPN.com’s John Clayton. ESPN.com’s Len Pasquarelli reports that $16 million is guaranteed, and the front-loaded deal could reach as high as $30 million if he performs at a Pro Bowl level. Jennings is in the final year of his rookie contract and was set to earn $535,000 in 2009. The 5-11, 197 lbs Jennings is coming off an 80-catch, 1,292-yard 2008 season in which he caught nine touchdown passes and was a Pro Bowl alternate. The 25 year-old was a second-round choice of the ...
Goodell Continues to Flex Disciplinarian Muscles, No Union Challenge of Actions
The Biz of Football :: Part of the Business of Sports Network —
Last week Donte Stallworth, still currently a member Cleveland Browns, pled guilty to the alcohol-related vehicular death of a Miami area man in the early hours of the morning. As punishment, a Miami-Dade Circuit Court Judge sentenced Stallworth to thirty (30) days in jail, several fines and a slew of other measures, including the permanent revocation of his license. In defense to the Circuit Court Judge’s light sentence, the victim's family had urged him to quickly settle the matter and Stallworth had been extremely cooperative with police investigators since the incident occurred on March 13, 2009. An undisclosed financial settlement between Stallworth and the victim's family also contributed to the wide receiver's expeditious ...
Peppers Signs Franchise Tender
The Biz of Football :: Part of the Business of Sports Network —
NFL.com is reporting that Carolina Panthers defensive end Julius Peppers signed a one-year, $16.7 million franchise tender Wednesday, five months after the four-time Pro Bowler requested a trade. Peppers, who is the team’s all-time sacks leader, should be present for the start of training camp in August. Following the Panthers January playoff loss to the Arizona Cardinals, Peppers insisted that he would never sign a long-term contract with the Panthers and pleaded for them to not place the restrictive franchise tag on him, which the team did anyway. The Panthers had to give Peppers a contract that would pay him more than $1 million per game, but any team interested in signing him ...
Coyotes Update: Reinsdorf Officially Enters the Fray
The Biz of Hockey :: The Business of Sports Network —
In an expected move and after most likely a bit of arm-twisting from NHL Commissioner Gary Bettman, sports magnate Jerry Reinsdorf filed a $148 million offer to buy the Phoenix Coyotes. Although the bid is $64.5 million less than Canada’s favorite vigilante wanna-be owner, Jim Balsille, it still is a substantial offer. The offer may even be enough money to persuade the bankruptcy judge to allow Reinsdorf’s ownership group to purchase the Coyotes and keep them in Glendale, Arizona. During the bankruptcy proceedings, which were instituted last month, Judge Redfield Baum illustrated that he is not necessarily looking to sell the team to the highest bidder or else he would had ruled in Balsilles’s favor on June 15th. Baum, as ...
NFL Petitions Supreme Court to Hear Antirust Case
The Biz of Football :: Part of the Business of Sports Network —
In a preemptive move intended to secure independence from antitrust law, the NFL is asking the Supreme Court to affirm an appellate court decision in which the appellate court sided with the League. The case involves a challenge from American Needle, a company that manufactured apparel for the NFL up until the League signed an exclusive supplier contract with Reebok in 2000. The most important issue here is whether certain business activities within professional sports leagues are insulated from antitrust scrutiny, such as pooling the trademark rights of its member clubs and then collectively licensing them to the highest bidder. If the Supreme Court affirms the ruling, it could give rise to a backhanded argument by all ...
High Court to Hear NFL Antitrust Case, Could Lead to Huge Victory for League
The Biz of Football :: Part of the Business of Sports Network —
Against the advice of U.S. Solicitor General Elena Kagan, the US Supreme Court has granted certiorari to hear the case of American Needle v. NFL. As earlier reported, the NFL was petitioning the High Court to hear the case so the NFL could formalize the Seventh Circuit’s ruling that NFL is a single entity for certain activities and is therefore immune to antitrust scrutiny. Here the activity being examined is the NFL’s licensing practices of team intellectual property. As Professor Gabe Feldman, Director of Tulane Law School’s Sports Law Program, explains in a great Sports Law Blog entry, the NFL is really pushing for the Supreme Court to hear this case because “[t]he NFL—and other professional sports leagues in ...
Nike Releases Limited Edition "Transformers" Basketball Shoes
The Biz of Basketball :: Part of the Business of Sports Network —
Select image to see in larger view NIKE, Inc. (NYSE:NKE) today announced a limited edition set of three performance basketball shoes commemorating the worldwide premiere of the Transformers film sequel. The collaboration includes the Nike Zoom Flight Club, Nike Zoom FP and Nike Sharkalaid complete with special packaging, retro ...
Podcast: Jeff Levine on Papa Joe Chevalier's Show - NFL Anti-Trust Case
The Biz of Football :: Part of the Business of Sports Network —
Yesterday, Business of Sports Network staff author Jeff Levine was on KLAV 1230, Las Vegas with Papa Joe Chevalier discussing the landmark anti-trust case that will be heard by the US Supreme Court. The case involves an appeal from American Needle Inc., an Illinois company that challenged the NFL exclusive deal with Reebok to manufacture licensed apparel. For more see High Court to Hear NFL ...
