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After a marathon bargaining session yesterday that ended in the wee morning hours, NBA commissioner David Stern and union president Derek Fisher emerged with a cautiously optimistic outlook. One of the reasons why is because the players get their last check on Monday and, suffice it to say, there's quite a few that need those checks to arrive in the near future. Let's give a little lesson in how NBA paychecks work.
Earlier this month, Philadelphia Eagles quarterback Michael Vick tweeted: "Check these prizes from the McDonald's monopoly game," and included a link. Next to the tweet it said "spon," which I assume meant sponsored. So I called up McDonald's and asked them if they were now sponsoring Michael Vick.
It’s been a tough year for Mike Peduto, one of the owners of Circle City Tickets, the largest sports ticket brokerage in Indianapolis. Demand has waned for Indiana Hoosiers basketball tickets. There’s virtually no demand for the Indiana Pacers on the secondary market. And then, the good old reliable Colts are off to an 0-7 start.
Are NBA players being downright dumb with their hard line against the owners, particularly since their leverage seems extremely limited? And which teams cannot afford a lockout? CNBC's Darren Rovell does the math.
The National Basketball Association lockout, which started on July 1, has already wiped out the entire preseason and nearly 100 regular season games.
All along you've told the NBA players who you represent that you are looking for a "fair deal." Sorry Billy, that "fair deal isn't coming. Memo to you: You're not getting a fair deal because you don't have leverage to get a fair deal.
Last night, as it became apparent that the first two weeks of the NBA season would be canceled, I asked regular folks on Twitter if they could tell their own personal stories about what the continued lockout would mean to them. I was touched by what people said in 140 characters or less. It might not mean anything, but I hope the players and the owners print this out and read it for themselves.
Last night, 60 Minutes aired a piece on superagent Drew Rosenhaus and mentioned that he was the main inspiration for "Jerry Maguire." The film's director Cameron Crowe chimed in after I suggested it was modeled more after agent Leigh Steinberg than Drew.
Another day of discussions intended to end the NBA lockout and CNBC's Darren Rovell has the latest details. If no agreement was reached today, NBA Commissioner David Stern says he will cancel the first two weeks of the season.
What are some of the most notable multimillion-dollar sports injuries? Check out the list.
Before last season, LeBron James decided to opt out of the wall graphic category that is included as part of each NBA player's group licensing agreement. James had a deal with a company to make wall graphics of him, though that company couldn't use NBA marks since the official rights to league marks were exclusive to Fathead. But on Monday morning, CNBC discovered that Fathead was selling four wall graphics of James in his Heat jersey.
Basketball players have palmed their shoes for years, hoping to solve the age-old problem of slipping on the court. It seems like no product has helped and evolving shoe technology couldn't solve the problem either.
The Sporting Goods Manufacturers Association has released its extensive study on team sports in America, arrived at by conducting more than 38,000 interviews earlier this year. Here are some of the most interesting facts.
Many athletes who lost their earning power couldn’t keep up with their mortgage payments and were faced with foreclosure. Click to see the list of athletes with foreclosed homes.
Check out our list of rookie athletes who received huge paydays to play for major league teams!
Green Bay, Wisconsin, is one of my favorite places on earth. I know, it sound strange. Who'd pick the frozen tundra over the waves in Maui? Um, me.
When she was in high school, Barbara Cossman bought a magazine that had an audio chip in it. It was one of things that she never forgot. So when she came to the University of Michigan and became director of publications for the Wolverines, her dream was embed the audio file of a famous play into a gameday program. Saturday, Cossman's dream will become a reality, as Michigan has printed 15,000 programs to be sold for its game against Notre Dame. Each gameday program includes an audio file of "The Catch," Desmond Howard's famous touchdown against Notre Dame twenty years ago.
It has been in the works for months and in my mind for years. Today I can finally proudly announce that my new show "CNBC SportsBiz: Game On" is a reality. The show will air every Friday night at 7pm ET on Versus beginning next week, Sept. 9.
When the NFL lockout was over, all parties were declared winners — the owners would lose just one preseason game, the players would get to play and the fans would get to see them. In the speed of the final negotiations, it wasn't yet clear. Now it is. The players didn't get much. Let's break it down as simply as we can.
Dwight Howard was surprised at his home in an Orlando suburb on Wednesday by the folks at Skittles. The candy brand, owned by Wrigley, made a custom pinball machine featuring images of the Orlando Magic center accompanied by pictures of the candy. A slot in the front of the machine has room for about 30 packs of Skittles.