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The Biz of Basketball :: Part of the Business of Sports Network: NBA Round Up: The Latest on Marion, McDyess, & Wallace
Welcome to the Business of Sports Network: FIA Formula One Teeters on the Edge as FOTA Walks Out of Meeting
The Biz of Football :: Part of the Business of Sports Network: College Athlete Likeness Lawsuit could have Significant Ramifications
NBA Round Up: The Latest on Marion, McDyess, & Wallace
The Biz of Basketball :: Part of the Business of Sports Network —
Mavericks Closing in on Deal for Marion
The Dallas Mavericks are close to acquiring forward Shawn Marion from the Toronto Raptors in a sign-and-trade deal after recruiting the Memphis Grizzlies to help complete a three-team transaction, according to ESPN.com.
The trade will also send Jerry Stackhouse to the Grizzlies, with sources saying that a trade call with the league office to formalize the deal is set for Thursday, meaning all sides have agreed in principle.
Marion is poised to receive a five-year, $40 million deal from the Mavericks, and Stackhouse will be bought out by the ...
NBA Lowers Salary Cap to $57.7 Million
The Biz of Basketball :: Part of the Business of Sports Network —
The National Basketball Association announced Tuesday that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $69.92 million.
The 2008-09 Salary Cap was $58.68 million and the tax level was $71.15 million. Although league-wide revenue increased 2.5% this past season, the decrease in the Salary Cap and tax level for the 2009-10 season is the result of the formula used to set the Cap and tax under the terms of the collective bargaining agreement.
It is the first time that the Cap has decreased in the league since the 2002-03 season.
The new ...
FIA Formula One Teeters on the Edge as FOTA Walks Out of Meeting
Welcome to the Business of Sports Network —
The FIA Formula One World Championship series is once again mired in conflict at the eight teams that comprise the Formula One Teams Association (FOTA) walked out of a meeting of the Sporting Working Group at the Nürburgring on Weds. FOTA released a statement saying: “During the course of this meeting, the team managers were informed by Mr Charlie Whiting of the FIA that, contrary to previous agreements, the eight FOTA ...
College Athlete Likeness Lawsuit could have Significant Ramifications
The Biz of Football :: Part of the Business of Sports Network —
This past spring, former Arizona State and Nebraska quarterback Sam Keller filed a class action lawsuit against the NCAA and EA Sports. In his complaint, Keller identified the class upon which he is suing on behalf of all college football and basketball players who are in EA Sports’ various games. The complaint alleges a handful of different claims, including breach of contract, conspiracy, unjust enrichment and violating the athletes’ right of publicity. In his complaint, Keller argues that “Electronic Arts is not permitted to utilize player names and likenesses…[and that] Electronic Arts with the knowledge, participation and approval of the NCAA…extensively utilizes actual player names and ...
UFL Should be Banking on Vick Suspension and Lockout in 2011
The Biz of Football :: Part of the Business of Sports Network —
Sometime in the near future, National Football League Commissioner Roger Goodell is expected to make his ruling on whether Michael Vick will be reinstated into the League. Most insiders anticipate that Vick has a very slim chance of returning for the upcoming season. Even if Vick somehow convinces Commissioner Goodell that he should be allowed to participate in the 2009 season, many teams are caution in pursuing the troubled quarterback because of he is still a controversial figure. However, not all of football is worried about signing Vick. In fact, one team currently owns his rights. That team belongs to the United Football League, the upstart expansion league that is due to begin its inaugural year this ...
Hall of Famer DeLamielleure Continues Battle for Retired NFL Players
The Biz of Football :: Part of the Business of Sports Network —
Hall of Famer Joe DeLamielleure battles on the gridiron have ended, but not for retired NFL players. The following is a guest article by Matthew Coller When pro football Hall of Famer Joe DeLamielleure’s daughter walked into a Buffalo Bills merchandise store in Western New York, she expected to walk out wearing dad's No. 68. After all, "Joe ...
Arthur Blank Adds Four Minority Partners to Atlanta Falcons Ownership
The Biz of Football :: Part of the Business of Sports Network —
Arthur Blank has sold a minority stake in the Atlanta Falcons to four partners framing the transaction as a matter of charity, saying that the primary purpose of bringing in new investors is to provide an option for Blank that adds flexibility in directing capital to The Arthur M. Blank Family Foundation during his lifetime. The new minority partners are Ronald E. Canakaris, Douglas J. Hertz, Ed Mendel and Derek V. Smith, who now join John P. Imlay, Jr., and John A. Williams as minority owners of the club. Imlay was a minority owner under the Falcons’ previous ownership from 1991 until Blank’s acquisition of the club ...
