15,5, & 5 for the week of June 24th
1. NBA Finals Viewership Dips Amid Ongoing Media Negotiations
This year’s NBA Finals, despite underwhelming viewership, aren't expected to impact the league’s lucrative media-rights negotiations significantly. The Finals averaged 11.31 million viewers, down 3% from last year but still outperformed the 2021 and 2020 Finals. ABC’s coverage gained a significant share among the 18-34 demographic, and NBA Countdown achieved its highest viewership in five years.
2. Oilers’ Comeback Boosts Disney’s Ad Revenue by Millions
The Edmonton Oilers' dramatic comeback in the Stanley Cup Final not only thrilled fans but also boosted Disney's ad revenue by $12.6 million. Edmonton's push to a Game 7 against the Florida Panthers increased ratings by 36% compared to last year's Final, ensuring a profitable financial quarter for Disney, despite earlier concerns about potential sweeps in both the NBA and NHL championships.
3. Lakers Pin Hopes on JJ Redick for Future Success
The Lakers' appointment of JJ Redick as head coach signifies a strategic move to build on recent playoff appearances and prepare for a post-LeBron James era. Redick's fresh perspective and player rapport are seen as assets, especially after the team's failed pursuit of Dan Hurley. The Lakers are optimistic that Redick's innovative approach will bring long-term stability to their coaching position.
4. Surfing's Economic Impact in Australia Revealed
Surfing significantly contributes to Australia's economy, injecting $2.7 billion annually, according to a new study by the Australian National University. The research highlights the economic value of surfing, with the average surfer spending $3,700 yearly on related expenses. The study emphasizes the need for legal protection of surf spots, with only 20 out of 1,440 documented breaks currently protected.
5. Euro 2024 Matches Attract Large Audiences in UK and Italy
Euro 2024 matches are drawing large audiences in the UK and Italy. The England vs. Denmark match peaked at 13.1 million viewers on the BBC, while Italy's game against Spain attracted nearly 13.4 million viewers across Rai and Sky Italia. These high viewership numbers reflect the ongoing popularity of the tournament and the strong engagement from soccer fans.
6. Arizona Coyotes’ Arena Plans Hit Roadblock
The Arizona Coyotes' plans for a new arena faced a setback as the Arizona State Land Department canceled an auction for a 110-acre plot in north Phoenix. Owner Alex Meruelo, who retained the Coyotes' name after selling other assets, intended to purchase the land to revive NHL hockey in the area. The cancellation complicates Meruelo's efforts to restart the franchise within five years.
7. Learfield Reports $13.6 Million Earned by Athletes in NIL Deals
Learfield's NIL impact report reveals that athletes earned $13.6 million in cash and trade value during the 2023-24 academic year. The report highlights 100% growth in NIL sponsorships, with over 12,000 brand partners and 2,000 participating athletes. Football remains the top sport, and social media is the most popular NIL activity, showcasing Learfield's successful integration of NIL opportunities across campuses.
8. Everton in Talks with Houston-Based Friedkin Group
Everton FC is in discussions with Houston-based Friedkin Group for a potential takeover. The group, led by billionaire Dan Friedkin, aims to acquire a majority share in the club. The previous takeover attempt by 777 Partners failed due to financial issues. Everton's valuation, including new stadium costs and debts, could reach $1 billion, reflecting the financial challenges and opportunities in the deal.
9. Houston Christian University Objects to NCAA NIL Settlement
Houston Christian University has filed an objection to the proposed settlement in the House v. NCAA case, which addresses athlete NIL rights and revenue sharing. The settlement includes $2.7 billion in damages and future revenue-sharing with players. HCU argues that the settlement will adversely affect non-power conference schools' finances and raise attendance costs, highlighting the ongoing debate over fair compensation for student-athletes.
10. Red Bull Eyes NBA Expansion with Potential Las Vegas Team
Red Bull is considering bidding for a new NBA franchise in Las Vegas, potentially expanding the league to 31 teams. The entry cost is expected to exceed $4 billion. Las Vegas, Seattle, and Mexico City are prime candidates for expansion. Red Bull’s increasing presence in sports, including recent investments in Leeds United and Formula 1, underscores its ambition to enter the NBA market.
11. Charlotte Plans for New Panthers and FC Stadium by 2046
Charlotte city leaders are planning for a new stadium for the Panthers and Charlotte FC by 2046. Negotiations with Tepper Sports & Entertainment are set to begin by 2037. The city is exploring funding sources, including hospitality funds, to support the project. The new stadium aims to enhance the sports infrastructure and maintain the city's status as a major sports hub.
12. LA28 Olympic Venue Plan Includes SoFi Stadium for Swimming
LA28 organizers announced significant venue changes, including hosting swimming events at SoFi Stadium, which will also be part of the opening ceremony. The schedule swap allows for increased seating and advanced technological capabilities. Other updates include using the Crypto.com Arena for gymnastics and the Intuit Dome for basketball. These changes highlight LA28's commitment to utilizing existing iconic venues and providing top-notch facilities for athletes and fans.
13. Stephen A. Smith’s Contract Negotiations Reach New Heights
Stephen A. Smith’s contract negotiations with ESPN are expected to result in a significant salary increase, potentially between $20 million and $25 million per year. Smith, currently earning $12 million, aims to become ESPN's highest-paid talent. His aspirations to cover the NFL more directly could enhance his value to ESPN, especially with the network's first Super Bowl broadcast approaching.
14. Yankees and Dodgers Drive Strong MLB Ratings
The New York Yankees and Los Angeles Dodgers are driving strong ratings for MLB broadcasts on Fox and ESPN. Recent games have attracted millions of viewers, with Fox achieving a season-high viewership for a Yankees-Dodgers game. The Yankees' and Dodgers' consistent appearances in top-rated telecasts underscore their popularity and the networks' strategic programming decisions to feature marquee matchups.
15. Adidas Joins Esports World Cup as Official Merchandise Sponsor
Adidas has joined as the official merchandise sponsor for the inaugural Esports World Cup in Saudi Arabia. The event, featuring 21 game titles and 1,500 players, offers a $60 million prize pool. Adidas will provide exclusive gear for esports athletes and event staff. This partnership highlights Adidas’ commitment to the growing esports community and its continued expansion into the gaming sector.
Sports Tech 5
CBS Introduces Drone Tracer Tech at Travelers Championship
CBS introduced new drone tracer technology during the Travelers Championship, enhancing golf broadcasts by providing dynamic aerial shots. The technology, developed by Bolt6, overlays real-time data onto drone footage, offering fans unprecedented insights and a closer view of the action. This innovation reflects CBS's commitment to improving the viewer experience through advanced tech.
Nike and Hyperice Launch Recovery Wearables for Athletes
Nike and Hyperice unveiled new wearable recovery products, the Nike x Hyperice boot and vest, incorporating air compression and thermal sensors to enhance muscle recovery. These products, controlled via a mobile app, will debut at the 2024 Olympics, used by athletes like Ada Hegerberg and Eliud Kipchoge. This collaboration aims to set new standards in athletic recovery technology.
NWSL Partners with WSC Sports for AI-Powered Highlights
The NWSL has partnered with WSC Sports to utilize AI-powered highlights for its 2024 season. This technology will create real-time video content from over 150 games, enhancing the league's digital presence. The partnership supports the NWSL’s recent media rights deals, expanding its coverage and commercial appeal.
Cisco to Support LA28 Olympics with Networking Technology
Cisco will supply networking equipment and services for the LA28 Olympics, ensuring seamless connectivity for athletes, fans, and organizers. The partnership includes cybersecurity services and conferencing software, contributing to a technologically advanced and secure Olympic experience. Cisco's involvement underscores its role in supporting large-scale global events.
Formula E Partners with Google Cloud for Enhanced Operations
Formula E announced a partnership with Google Cloud to enhance operations through data analytics and AI tools. This collaboration aims to improve fan engagement and streamline marketing efforts. The partnership reflects Formula E's commitment to innovation and its goal to become the most technologically advanced motorsport.
Good Sports 5
Dubai Golf and EMEG Team Up for Mangrove Conservation
Dubai Golf, in collaboration with the Emirates Marine Environmental Group, is actively participating in mangrove planting to promote environmental conservation. The initiative aims to plant over 100 million mangroves by 2040, highlighting Dubai Golf's dedication to sustainability and protecting coastal ecosystems.
Raising Cane’s Supports Snoop Dogg’s Youth Football League
Raising Cane’s founder Todd Graves donated $100,000 to Snoop Dogg’s Youth Football League, supporting inner-city children’s participation in football and cheer. This donation reflects Raising Cane’s commitment to community support and youth development through sports.
Broncos and 11 Sports Raise $120,000 for Veteran Charity T
The Denver Broncos and 11 Sports participated in the Healthy Swings Home Run Derby, raising $120,000 for the Next Chapter charity, which assists veterans transitioning from military service. The event showcased the Broncos' commitment to supporting veterans and giving back to the community.
Celebrities Hit the Greens for Charity Golf Tournament in Maine
The Drive Fore Kids Celebrity Golf Tournament in Maine raised funds for the Barbara Bush Children's Hospital and the Dempsey Center. Celebrities from sports, television, and music participated, aiming to raise over $100,000 for each charity, highlighting the event's impact on local healthcare initiatives.
University of West London Introduces Esports Degree Programs .
The University of West London announced two new esports degrees focusing on management, event production, and coaching for eplayers. These courses, starting in September 2024, reflect the growing demand for esports education and the university’s commitment to preparing students for careers in the gaming industry.