Skip navigation

Sports Biz


Current DateTime: 12:02:02 11 Feb 2012
LinksList Documentid: 23279670
Expiration DateTime: 2/11/2012 12:03:30 AM

SPORTS BIZ SLIDESHOWS

» More

Current DateTime: 12:02:01 11 Feb 2012
LinksList Documentid: 37998722

DARREN ROVELL'S SPORTS INDEX

Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...

ABOUT SPORTS BIZ

Darren Rovell brings you his unique take on the business of sports: a multi-billion dollar global industry and obsession full of personalities and products. On Sports Biz, Darren will give you his up-to-date take on everything from salaries to endorsement deals to marketing and promotions, trades and tirades – in short, everything that makes sports so exciting.

Survivor Winner Selling Russian Sports Hats

Published: Friday, 18 Dec 2009 | 10:17 AM ET
Text Size
By: Darren Rovell
CNBC Sports Business Reporter

When the Soviet Union collapsed in 1991, Aras Baskauskas, then 10, went back to visit Lithuania, where his father was born.

While there, his father, who is in the importing business, had the chance to buy 75,000 Russian winter hats for pennies. He shipped them back to California, where the family was living, and sold them all at a profit in less than a year.

Source: tundragear.com

The memory of the Russian hats and how well they sold, stuck in the mind of Aras Baskauskas (pronounced Bush-cow-kiss). So much so that after he earned his MBA from UC-Irvine, where he played basketball, he was ready to make selling these unique hats his full time business.

“I found it amazing how undeniably functional these hats were,” Baskauskas said. “I thought that these hats could become the winter version of Crocs.”

Baskauskas didn’t just want to sell what has been out there for nearly 500 years. He wanted to sell Russian hats with a twist. The idea? Sell them in a variety colors and make licensed sports team pins that fans could affix to the front.

Nearly broke and living with his father, his business didn’t have a chance. That was until he got his lucky break and was invited to compete on “CBS’ Survivor: Exile Island in 2006.” Baskauskas made the most of it by prevailing as the sole survivor and winning $1 million.

Today, Tundra Gear is gaining traction. This year, Baskauskas says he’ll sell 10,000 hats. Each hat is $29.95, with the pin costing $5.

“The pin looks better than if it were embroidered,” Baskauskas said. “Plus, if you are a Wisconsin Badgers fan on Saturday, you can have a black hat with a Wisconsin pin. And then on Sunday, you can take the same black hat and put on your Green Bay Packers pin.”

In the next three to five years, Baskauskas said he thinks this could be a $100 million business as his hats start to hit stores next year. His early attempts at marketing have started to pay off.

Baskauskas struck a deal in the fall with Buffalo Bills wide receiver Terrell Owens, who gets a piece of sales from TundraGear.com, the only place the hats are sold. Thanks to Owens, Baskauskas is getting the most orders from upstate New York.

Said Baskauskas: “We’ve just grazed the surface of this market.”

Questions?  Comments? 

© 2012 CNBC, Inc. All Rights Reserved


Current DateTime: 09:37:12 10 Feb 2012
LinksList Documentid: 29778428

Current DateTime: 02:33:41 10 Feb 2012
LinksList Documentid: 29779196

Current DateTime: 11:35:13 10 Feb 2012
LinksList Documentid: 29779197

Current DateTime: 02:56:30 10 Feb 2012
LinksList Documentid: 29779199
CNBCCNBC
About CNBC  |  Site Map  |  Video Reprints   |  Advertise  |  Help  |  Contact
Privacy Policy  |     |  Terms of Service  |  Independent Programming Report
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2012 CNBC LLC.  All Rights Reserved.
A Division of NBCUniversal
Thomson ReutersThomson Reuters