That’s whose life I feel like I’ve lived over the past six years at CNBC.
I played basketball against Dwyane Wade (I promised him I would tell you I didn’t score a point). I’ve crashed into the wall at the Charlotte Motor Speedway with Kurt Busch at the wheel. I’ve taken an Andy Roddick full speed serve to the chest.
I lived in Beijing during the Olympics. I’ve reported on Nike factory workers in Vietnam. I covered a Presidential Election from a bowling alley in Pennsylvania and played cornhole with a Coors Light girl before the NFL season opener in Indianapolis.
Miami Heat owner Micky Arison is thrilled the team won the NBA title, but he says he’s hardly ringing up the cash register.
Arison told CNBC that the final numbers aren’t in yet, but his guess is that the team lost money again.
“This is a hobby of passion, it’s not a business,” said Arison, the CEO of Carnival Cruise Lines who took control of the team in 1995. “Every year in the building we’ve lost money aside from last year, under the old Collective Bargaining Agreement, because of LeBron.”
The Heat have been playing in American Airlines Arena for 12 seasons. They also haven’t ever paid rent thanks to loopholes in the agreement with Miami-Dade County including a clause that allows the team to pay itself back for its contributions to the arena’s cost before sharing the wealth.
With the Olympic Games less than a month away, a major ticket dispute between a ticket broker, the London Organizing Committee of the Olympic Games and the official credit card of the games, Visa, is taking place.
Texas-based ticket firm Golden Tickets is accusing the London Organizing Committee \(LOCOG\) of trying to enforce rules it cannot legally enforce, Visa of wielding its sponsorship power to cut off what it says is legitimate reselling of Olympic tickets and a payment processor called iPayment of fining the company without legal grounds.
After selling Olympic tickets, Golden Tickets president Steve Parry was informed by his comptroller that $25,000 was taken out of the company’s bank account without warning.
Winning a title finally got the monkey off LeBron James’ back, but that doesn’t mean he will be seen as more marketable in the eyes of Madison Avenue.
Results of a poll taken by the Davie-Brown Index after the Heat’s Game 5 title-clinching victory over the Oklahoma City Thunder, and exclusively released to CNBC, reveal that the general population did not find James to be a different man from an endorsement perspective.
Justin Gatlin was on top of the world after winning the 100 meters at the 2004 Olympic Games.
But he lost the fastest man in the world title and all the marketing that goes with it to Usain Bolt four years later, as Gatlin was in the midst of sitting out a four-year ban from the sport as a result of testing positive for testosterone.
Anthony Davis, who will likely be taken as the No. 1 pick in this Thursday’s NBA Draft by the New Orleans Hornets, is getting down to business -- literally.
Davis, known for his connected eyebrows, trademarked the phrases “Fear The Brow” and “Raise The Brow” earlier this month.
“I don’t want anyone to try to grow a unibrow because of me and then try to make money off of it,” Davis told CNBC. “Me and my family decided to trademark it because it’s very unique.”
Davis said that people frequently tell him to cut it, but Davis said he won’t because “everyone’s talking about it.”
Since 2006, I have been telling you who is going to win the National Spelling Bee. Since that time, I have had the champion in my list all six times.
So who will I pick this year? To the disappointment of some, it won’t be Lori Anne Madison, the youngest competitor ever at six years old. First-time competitors can’t win this, and I just can’t see this fairytale being written. With that said, if you’re in a Spelling Bee pool, you can bank on it that the winner will be among these five.
For 12 straight years, football in high schools in America has been so popular that the number of boys playing the sport has been greater than the second and third most played sports, track and field and basketball.
But with the dangers of concussions being thrust out into the open is a participation decline around the corner?
In a remarkable reversal of fortune, former major league pitcher Curt Schilling has laid off the entire staff that formed his videogame company, 38 Studios, just months after the company designed its first game.
While Schilling had said he was pleased with the success of the game, "Kingdoms of Amalur: Reckoning," the company was late on a payment to the state of Rhode Island, which had loaned 38 Studios $75 million in exchange for moving its headquarters to the state.
The Boston Globe has reported the company didn't have enough money to make its May 15th payroll.
Schilling has been quiet amidst the criticism that he failed to live up to his end of the bargain, but was open about his predicament when he appeared on "CNBC SportsBiz" two months ago, though he didn't say at the time his company was in trouble.
Texas Rangers outfielder Josh Hamilton is having an incredible season, leading the American League in average, home runs and RBI.
Despite Hamilton’s tear, which included a four home run game on May 8, collectors aren’t exactly fighting for the centerfielder’s memorabilia.
Much of the hesitancy to invest in Hamilton has to do with his past, including drug and alcohol addictions that took him out of baseball for years after he was picked No. 1 overall in the 1999 draft by the Tampa Bay Rays.
“Collectors are scared,” said Matt Powers (@powersco), owner of online sports and memorabilia company, PowersCollectibles.com. “They’re not confident that his story has a great ending because he’s still very active in dealing with his disease.”
Powers says he is one of the largest purchasers of autographed items of Hamilton, who has an exclusive deal with the Major League Baseball Alumni Association. He is pre-selling a ball that Hamilton will sign that includes his four home run inscription with the date.
While it retails for $449, Powers tested the marketplace over the weekend by putting the balls on Groupon for $149. Even at that discount, he didn’t move much.
“I sold maybe 50 balls,” Powers said. “When I did a similar deal with Brian Wilson, who signed ‘Fear The Beard’ on 2010 World Series baseballs, I sold 700 really quickly.”
CNBC Sports Business Reporter