Phil Buchanon, "New Money: Staying Rich" author, discusses the perils many high-paying young athletes face by getting rich quick and spending lavishly.» Read More
Still looking for its can't miss star a year less than a year after debuting its first basketball shoe, Under Armour agreed to terms with Kemba Walker, sources told CNBC. Walker is the first player in this year's draft class to sign with a shoe company.
Michael Vick got to write his comeback story on the field, now he has seen his image come full circle off of it. In a remarkable move, CNBC has learned that Nike, which severed Vick’s contract in 2007 after he admitted to his involvement in a dogfighting ring, has re-signed the Philadelphia Eagles quarterback. (Updated)
For the last five years, Peter Beveridge has been innovating in the eye-black space. Looking to grow even more, having sold more than five million pairs of eye black last year, Beveridge has signed its first female spokesperson, Bethanie Mattek-Sands.
Under Armour stock is up 450 percent since its bottom during the recession and the company has announced aggressive expansion plans, with a goal of doubling revenue by the end of 2013.
The Justice Department, which has raised antitrust concerns about college football's Bowl Championship Series, will meet with the organization this summer.
You're driving along the highway, speeding at 20 miles per hour above the speed limit. That's when you see a cop on the side of the road. You quickly slow down. You're lucky. The officer has already pulled someone over. Five minutes later, you are speeding again, hoping cops on the road don't see you.
I'm shocked. I knew that there would someone who would agree to pay $200 million for a minority share of the New York Mets. I just didn't think it would David Einhorn of all people. If you don't know of Einhorn, he's not exactly a "sit back and watch" kind of guy.
The world of sports gambling tout services is rife with problems. Bettors pay for advice on how to place a wager and then find out the tout service is telling another bettor to take the opposite side. By doing it that way, you’ll at least have half of your customers happy. Adam Meyer knows of the reputation of his business and he has what he thinks is his greatest marketing ploy.
Kevin Durant fans seemed to be up in arms with me on Twitter when I said that I thought the Oklahoma City Thunder forward needed a bit more personality to be more marketable. Durant does have deals with Nike, Gatorade, Panini, EA Sports, Skullcandy headphones and Degree Men, but I thought the small market and a reserved demeanor didn't exactly make him stand out besides his amazing on the court performance, that is.
Just a decade ago, sports drink consumers pretty much had one Gatorade option — full calorie Gatorade. Brand managers at the time reasoned that the formula for the masses didn't need to be changed. The Gatorade formula designed by four University of Florida doctors in 1965 was still perfect athletes of all shapes and sizes. But the business quickly changed.
The Pac-10/12 will be announcing a 12-year television deal with Fox and ESPN reportedly worth $3 billion. How is possible? Easy. Sports are the best bet on the entire television landscape. People get sick of sitcoms, reality shows and soap operas, but fans don't lose interest in a sport.
Last week, we interviewed Ticketmaster CEO Nathan Hubbard right after the company's announcement of dynamic ticketing. Since tickets are such a big part of being a sports fan, we're continuing that series today — an interview with the CEO of StubHub, Chris Tsakalakis.
Last week, despite the labor battle, NFL commissioner Roger Goodell called an NFL player. He didn't just call any player. He called Cincinnati Bengals wide receiver Chad Ochocinco, who promptly tweeted about the conversation, saying it was an "amazing surprise." Goodell's choice was a good one, as it turns out that Chad Ochocinco is the most influential sports personality in the online world.
Earlier this week, Ticketmaster announced that it was partnering with a company called MarketShare to bring dynamic pricing to the tickets it sells. We've seen plenty of variable ticket pricing in which teams set different tiered prices based on what team they are playing, but dynamic pricing is more like airline pricing...
The worst college football you will ever see is a spring game. Nothing about it is real football, but the game where teams play themselves draw crowds because fans are so excited to see something after a three month absence.
I had seen the light. It was blinking. And it was calling my name. It wanted me to click. It wanted to show me the new tweets I had waiting for me. I had to resist. At 10:30 pm last Monday night, I began a voluntary six-day vacation from Twitter dubbed a "Tweetcation."
Ratings for last night’s UConn-Butler didn’t turn out to be as disasterous as the game. CBS earned an 11.7 rating, down 17.6% from last year’s matchup, which featured Butler and Duke. That game, which got a 14.2 national rating, turned out to be the most watched game since 2005, when North Carolina beat Illinois.
While many have cited Butler’s participation in the finals for a second straight year as one of the reasons people will watch, I’m not in that camp. I believe that the people who would have watched this game anyway will watch, but there will be more people on the fence who won’t watch it than people are accounting for.
E-tickets have long been integrated into the world of air travel. It was first done in 1996 as a more convenient way to travel. For the airlines, it also reduced printing costs. But the move to electronic tickets didn't impose new terms on the consumer, which is not the case in the world of concert and sports tickets. Companies that have encouraged teams and artists to use their digital platforms have a further, more dangerous pitch from the fan's standpoint: With digital, you can better control the flow of who gets what ticket, what they can do with it and whether you can make money off the transfer.
The NFL always gets so much credit as a growing robust business, but the financials behind college football aren't published as often. I just had a chance to look at some data released by the National Football Foundation and I thought it was worth passing on some of these incredible numbers.