sportsbusiness5.54 min read
Knicks' Coaching Changes Reflect High Expectations and Organizational Challenges
7 months ago•Source: The New York Times
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5.72 min•2 years ago
"Jason Kelce's Potential Visit, Lamar Jackson's Expectations, and AFC Championship Breakdown"
Small businesses in Baltimore's Federal Hill area, including the Philly-based bar MaGerk's, are experiencing a surge in business as the Ravens prepare to face the Kansas City Chiefs in the AFC Championship game. With foot traffic and excitement at a high, businesses are gearing up for the influx of customers, and MaGerk's is hoping for a visit from Eagles superstar Jason Kelce. Visit Baltimore CEO Al Hutchinson anticipates a busy weekend for hotels, restaurants, and coffee shops, as the city prepares for the game.
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Mark Cuban Awards $35M in Bonuses to Mavericks Staff Amid Team Sale
Reuters.com•2 years ago
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"Jackson County Debates Future of Chiefs, Royals Stadiums Amid Tax Extension Proposal"
The Kansas City Chiefs and Royals have announced a proposal to remain in Jackson County, contingent on voters extending a 3/8-cent sales tax. The Chiefs plan to renovate Arrowhead Stadium, while the Royals aim to build a new downtown stadium and a $1 billion ballpark district, with both teams offering over $200 million in economic benefits to the county. This includes taking on insurance costs and allowing the county to reallocate park tax funds, potentially saving the county up to $100 million. A crucial county legislature meeting is set for Monday to discuss placing the tax extension on the April ballot.
"ESPN Secures NCAA Women's Events in $920M, 8-Year Media Rights Mega Deal"
The NCAA has secured an eight-year media rights deal with ESPN valued at $920 million, significantly increasing the annual value to more than $115 million, compared to the previous $40 million. The deal, starting September 1 and running through 2032, covers 40 NCAA championships, with a focus on women's events and includes international rights. This agreement, which is a substantial increase from the current contract, will also support production, marketing, and student-athlete benefits, highlighting the growing value of women's sports in the media rights landscape.