The mayor said the city may be willing to offer financial incentives up to $150 million to ensure team stays in Atlanta.» Read More
As the Maloof brothers contemplate moving the Kings franchise out of Sacramento and into Anaheim, would they be better off considering other cities as possible NBA destinations?
There’s a new king in NBA jersey sales. In his first season with the Miami Heat, Lebron James has reclaimed the top spot on the NBA’s best selling jersey list.
LeBron James, the Miami Heat basketball star who is one of the US’s most bankable athletes, has become an unlikely part-owner of Liverpool football club, after striking a deal with Fenway Sports Group, the company that owns the team, according to the FT.
Yesterday, the Jordan Brand unveiled its newest shoe, the Jordan Fly Wade, the first Jordan signature shoe named after the Miami Heat guard. I talked to Dwyane Wade and Jordan creative director Mark Smith about the shoe, which is the first new Jordan I actually like.
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.
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.
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.
John Todora doesn’t think the Miami Heat’s recent losing skid is funny. The co-owner of the bar Whiskey Tango in Hollywood, Fla., told CNBC he has now lost $85,000 in bar bills thanks to the team’s losses this season.
The NFL lockout could result in cancelled games, or even threaten the entire season. Click to see the most notable lockouts and strikes in recent sports history.
If you want a replica Carmelo Anthony Knicks jersey, you might have some trouble finding it over the next couple days. That’s because supply, in most New York area stores, has been depleted. Sources tell CNBC that Adidas shipped some 17,000 Carmelo Anthony jerseys to retailers in the 72 hours after Anthony was traded from the Denver Nuggets last week and that another 50,000 jerseys are scheduled to be on the shelves over the next 30 days.
I love innovative, smart marketing. So when I saw that Jack from Jack In The Box showed up at the Lakers game with his son on Friday, I smiled. Keep in mind, the fact that Jack In The Box is an official sponsor and provides free tacos if the team scores more than 100 points is key to pulling something like this off.
As I talked about yesterday Blake Griffin's dunk over a Kia in the All-Star Slam Dunk contest was great product placement for the official car of the league. Now, the marketers at Kia are about to make the association a bit more formal.
One of the most interesting pieces of product placement was seen in the finals of the Slam Dunk Contest on Sunday when Los Angeles Clippers forward Blake Griffin dunked over the hood of a car.
There has been much ado about Carmelo Anthony heading to the New York Knicks and significantly less buzz when news broke earlier today (Wednesday) that the New Jersey Nets had acquired Utah Jazz point guard Deron Williams.
Last week, we had SI Swimsuit cover model Irina Shayk at CNBC. While she was here, we of course took a couple photos and launched a caption contest. We received plenty of entries, but gastroenterologist Jason Klapman submitted three stellar captions, we thought we'd use them all.
I spent some time over NBA All-Star Weekend with Mikhail Prokhorov, Russia’s second richest man and owner of the New Jersey Nets, who bought the team nine months ago. I had watched the “60 Minutes” piece on Prokhorov and have obviously read up on what made him a successful business man, but that didn’t prepare me for what I encountered when I entered his suite at the Beverly Wilshire in Beverly Hills on Sunday.