The 8th Extreme Sailing series held the last leg of its world tour in Sydney last week. CNBC's Matthew Taylor got a taste of the action up close and personal.» Read More
Jonathan Zairi wanted to make some extra cash so the 21-year-old college student bought two Miami Heat season tickets right after Chris Bosh signed with the team. Zairi was excited when LeBron James came soon after, as he thought it was a sure bet that he’d make big money.
The sudden cashing in on gear gets much of the attention because it’s so visible. But the money from Richmond Spiders gear goes directly to the university, which funds 40 percent of $20 million athletic department budget. The more important comes in through donations earmarked for the athletic department, used for improving facilities.
Back in September, we reported that LeBron James took a huge image hit thanks to "The Decision," the ESPN broadcast of his decision to leave the Cleveland Cavaliers and go to the Miami Heat. A poll of the general population by The Q Scores Company revealed that only 14 percent of people thought of James positively, while 39 percent of people thought of him negatively. Five months later, the Q Scores show that James has slowly bounced back, though not as much as we might have thought.
Attorneys for Wilpon and Katz, who also own the New York Mets, filed a motion to dismiss the $1 billion clawback case Picard has built against them.
More people might know of Marv Albert or Jim Nantz, but if you ask a sports fan who the most dynamic announcer in the game, the odds are Gus Johnson will come up. He is, after all, the only announcer that fans actually tune in for, even if they have no rooting interest. He’s also one of the few with his own unofficial Internet soundboard.
The most bogus estimate of the year came out last week. You know it well. It’s the one from Challenger, Gray and Christmas, a global outplacement consultancy firm, that estimates how much time the American workforce loses from paying attention to March Madness at work.
Winning ESPN.com's Tournament Challenge is a huge accomplishment. It means winning a fantasy contest that involves more entries than any other contest. But if you win and your bracket comes out on the top of what will be more than six million entries from more than three million people, don't expect to retire or even buy a half of a car.
How many brackets does the average American fill out? It's probably more than you think. There are many people who are filling out more than five brackets each.
Last year, CBS and Turner signed a 14-year, $10.8 billion deal to broadcast the men's NCAA basketball tournament. I sat down with Sean McManus , CBS News and Sports president, and David Levy, Turner’s president of Sales, Distribution and Sports, to discuss the deal.
Like many of you, there was a time when I filled out five brackets and entered them in five different polls. Might as well give myself as many chances to win, right? But over the years, I found it harder to watch games that way. Why? Because I had so many different combinations, I forgot who I had to root for. When I checked my brackets and had both, it was just weird. How many games a year do you watch in which you are rooting for bothteams?
Tiger Woods still thinks he can break Jack Nicklaus’ record of 18 Major golf championships, telling CNBC in an interview during the annual Tavistock Cup, that his game is coming around.
Like most businesses, the hospitality industry surrounding the NCAA Tournament is on the rebound.
Last Friday, Madison Square Garden spacer announced that New York Knicks season ticket prices would be increased by an average of 49 percent. There was the usual immediate outrage from the public... Intrigued with MSG's announcement, I called MSG Sports president Scott O'Neil to ask him how exactly his team figured out prices for the Knicks.
The NCAA men's basketball tournament, which starts tomorrow, is big business. Here is a snapshot of some of the numbers.
If there's one central issue to the talks, one issue at will make or break today and what happens from here, it revolves around this question: How much of a partnership is the owner-player relationship?
“People wait all year for football season. It would be terrible for the whole industry, it would be like the baseball strike was — fans suffer, businesses suffer. We’re hoping cooler heads will prevail.”
iPad hits stores, NFL labor deadline approaches and Saudi Arabia braces for "Day of Rage." Here's some of what we’re watching – and therefore you should as well.
For the past couple years, coconut water has made a steady run at being the next big thing in the sports hydration business. The pitch? All natural, rich in electrolytes and low in calories. As yoga enthusiasts, spa goers and endurance athletes caught on, so too did the nation’s biggest beverage companies.
Earlier today, we talked on air with Baltimore Ravens player representative Domonique Foxworth about the state of the NFL labor negotiations. Here's a transcript and video of the conversation.
When coaches are suspended by the school or the NCAA, that coach should not receive the salary he was to receive for those suspended games. Sure, a coach spends many more hours in practice, studying film and drawing up game plans, but we can easily figure out a fair prorated breakdown.
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