Blackstone's David Blitzer weighed in on the team he co-owns and other investing topics at a conference Friday.» Read More
The New York Knicks didn't get LeBron. But team officials did get something else: A season ticket sellout. CNBC has learned that the Knicks have now started a waitlist after selling out its allotment of season tickets for this upcoming season.
Changing employers is part of the marketplace and while most of us won’t make media-frenzied transitions like James, we'll still have to do it at some point. Doing it well is just another test of professional acumen, and there are several reasons why the issue deserves our attention.
Less than five hours from now, LeBron James will tell ESPN, on its hour special called “The Decision,” what team he is going to. As part of the deal with ESPN, James’ business team, LRMR Marketing, was given ad inventory to sell.
Let’s assume that reports are accurate and that LeBron James is headed to Miami. As with every other team but his current team Cleveland, the Heat can offer James a five-year deal worth $95.5 million versus a six-year deal with the Cavaliers worth $124.5 million. But if you match up what James’ salary would be for the first five years in Cleveland and the five years in Miami, you find that the Cavaliers are only offering him $4 million more.
As the media world speculates on where LeBron James will land, the market, at least, seems to be leaning towards the New York Knicks.
I will try not to add too many more words to the trillions printed, blogged, or spoken this week about a man who's decision has seemingly become more important than the spill in the Gulf, the war in Afghanistan, and the struggling economy.
There aren't many guarantees for tomorrow's LeBron James announcement, but here are things I'm quite confident will happen.
Several NBA free agents are set to sign some giant contracts. Should ticket holders have a say in their pay? Share your opinion.
It's the biggest NBA news to be broken. Where will LeBron James land? And although a group of journalists are hoping that they'll get the scoop, you have to wonder if LeBron himself wants to break the news.
Dan Abbate is a fan of the grill. What he’s not a fan of is having his hot dogs roll off the grill. So the entrepreneur came up with a wacky idea: A Big Hot Dog.
The Cavaliers appeared on national TV for 25 regular season games last year, tops for most in the league with the Celtics and the Lakers. Obviously, LeBron James was key to the team playing so many games on ESPN/ABC and TNT.
We don’t know where LeBron James will land, but we do know that, no matter who pays him, he’ll make $16.5 million this upcoming season. The question is, dollar for dollar, is he worth it?
Working in the executive offices of the Chicago Bulls for the last 24 years, Steve Schanwald has seen just about every part of the business, thanks in part to Michael Jordan and the run of six championships in the 1990s.
After the NBA Finals each year, a new group of hardcourt hopefuls will interview, workout and market themselves in an effort to catch the eye of a prospective NBA team.
The newspapers and the office chatter in Indianapolis today will surely be focused on what could have been. If only the Utah Jazz at the ninth pick didn't take Gordon Hayward.
For the past four years, Mark Titus has done a great job becoming the world’s most famous walk-on. When blogs got hot, he was there with Club Trillion. When lack of playing time didn’t allow him to display his skills, he took to YouTube with one of the most hilarious videos you’ll ever see.
Gone are the days that being a top 10 pick in the NBA Draft meant signing a three-year shoe deal worth at least $750,000 a year. Although projected top pick John Wall’s Reebok contract is said to be in the $3.5 to $4 million range, every player below him won’t even approach those annual numbers.
You'll sometimes see some nice thank you ads taken out by players who leave a city after a long time playing in a city. But I opened up my USA Today this morning and was pretty impressed by what the NBA had done. They put together a great full page ad thanking all their sponsors.
Los Angeles is broke. But that's no reason not to party in style, as long as it doesn't cost taxpayers. The Lakers are now world champions, and they will have a much deserved hometown parade. Team spokesman John Black tells CNBC the Lakers organization will pick up the entire cost of the celebration scheduled for Monday, which will be "close to $2 million."
In the annals of sports marketing history, some of the best deals are ones that make sense. George Foreman could make as many burgers as he wanted on the grill that beared his name. John Daly was sponsored by Dunkin' Donuts and Hooters and now we have the New Jersey Nets dancers auditions, taking place this weekend, sponsored by....Sensible Portions!