May 1 • 17M

$1M for College Athletes, US Army + Athletic Scholarships, and a New Pro Sports Owner

Weekly Roundup: Athlete/Sports Biz/NIL Stories for April 24-30

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Appears in this episode

Andrew Petcash
A podcast breaking down the business of athletes, sports, and NIL. Every week I have convos with founders, athletes, and investors who are transforming the future of sports. For more info visit: https://profluence.com
Episode details
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Audio Timeline:

1:14 - Feel Good Sports Stories

4:32 - NIL Report

9:41 - Athlete Business/Investment Stories

14:34 - Sports Business/Tech Report


Interesting Stat

The NCAA makes over $1B in revenue a year and president Mark Emmert enjoyed a cushy $2.9M salary last year.

Interested in the NCAA’s full financial statements?

Check them out here:

NCAA '20-21 Financial Statements


Short Passage of The Week

The Art of Thriving
When we disconnect to reconnect as leaders and positive-difference makers, life becomes art, and the beauty is in the eye of the beholder.

  • The art of using “no” as a complete sentence.

  • The art of rediscovering yourself over, and over, and over again.

  • The art of clearing your mind so that you can listen to your heart.

  • The art of balancing empathy for others with empathy for yourself.

  • The art of knowing when to speak, when to listen, and when to leave.

  • The art of knowing when to pivot, when to pause, and when to persist.

Passage by Mitchell C. Clark, Keep It 100


Recommended Media

Came across a great interview by Adam Breneman and current Penn State QB Sean Clifford.

Image

Watch On YouTube Here

Really enjoyed the segment discussing Clifford’s new business venture and NIL developments.

That part starts at the 25:58 timestamp.


Tweet(s)

Interesting read on the “broken” college athletics system 👇


Who has YOUR best interest at heart?

Did you know there is a standard in the financial world called 'Fiduciary' that requires an advisor to act in a manner that is reasonably believed to be in the best interest of the client.

Most would question why this is NOT the case for all financial advisors or anyone dealing with a subject like money.

Anytime there is a chance the advisor can profit on a sale, they can NOT be acting as your Fiduciary because they have a conflict of interest.

As you look at advisors, the first question should be 'Why are you not a fiduciary?'


Quote

“There might not be 1000 ways to accomplish something, but there is almost always more than one way. Know what you want, and be flexible on how to get there.” - James Clear


Extra Credit

Serena Williams really is the 🐐

One day an athlete will retweet a Twitter thread I put out on them — looking forward to that day.

I appreciate you reading The Petcash Post on a consistent basis! Let me know if there’s anything I can do to help or if there’s something you think I should write about.

Peace,

-AP