Apr 10 • 12M

Bitcoin Bonuses, College Athletes Selling NFT's, and Billionaire Sports Owners

Weekly Roundup: Athlete X Sports Business Stories for April 3-9.

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A podcast breaking down the business of athletes, sports, and NIL.
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Happy Sunday — I appreciate you tuning in!

A few housekeeping items: 🚨🚨

  1. On Friday, many of you received the email multiple times which was due to an error on Substack’s server…sorry about that it should be fixed

    2. I created a brief, fully anonymous, nine question survey to help me better understand who you are.  My goal is to better understand my readers, continue writing content relevant to you all, and partner with sponsors that you will actually care about. If you can take 32 seconds to fill out the survey below, I would really appreciate it.

https://docs.google.com/forms/d/1Dyf87cKP_tKNxUZS4MdtFv6gUNE1JO45NJx7pWL2y_c/


Audio Timeline:

0:50 - Feel good stories: Millions donated, Nebraska, Ukraine

1:40 - NIL: Interesting partnership, collectives, NFT’s, and education

4:41 - Sports Biz: Tom Brady, Bitcoin bonuses, and a Web 3.0 soccer team

6:48 - Shady Deals: Brett Favre, Washington Commanders, and 76ers

8:56 - Sports Tech: Metaverse stadium, $12m analytics company

10:13 - Betting: Ontario, $800m, and Kansas City

11:30 - Wrap up + future developments


Interesting Stat

Only 15% of active managers beat the performance of the S&P 500 in 2021. Buying low cost index funds = less stress + more wealth.

This is wild:

The world's ten richest sports owners have a combined net worth of $353 billion, holding steady from a year ago despite rampant inflation and a volatile market.


Short Passage of The Week

Opening Day in baseball is special, but for me the season doesn’t really start until Day Two.
 
Why?
 
Because on Day One, everything is fresh and new. Fans (and media) who don't normally attend games are there for it. It’s easy to be excited.
 
But on Day Two, the press box is emptier. The stadium usually is as well. It's when you begin to settle into the daily routine of what will be a six-month marathon.
 
The beginning of a new goal, workout program, or business can be exciting like Opening Day, but in order to be successful you've got to keep at it even when the freshness has worn off.
 
There will be good times and there will be struggles. But if regardless of the circumstances you show up every day with the mindset that you’re going to give the best with which you’re capable on that day, you'll be surprised at what you can accomplish.
 
Win Your Day!
Passage by Steve Gilbert


Recommended Media

I’ve been seeing more sports stadiums and schools put in this advanced AI security screener.

This is the future of security when heading into major sporting events.

I don’t know how I feel about it, but figured I would share.


Tweet(s)

Great thread breaking down Tim Grover and what he’s learned from working with some of the greatest basketball players of all-time:

This one was pretty eye-opening for me as well👇


Did you know that NIL athletes need to pay income tax in every state they work in?

This means that if you live in Michigan, but fly to New York for an appearance and get paid for it, you will owe income taxes to the state of New York.

The same is true for every state, besides the states that don’t have an income tax: (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming)


Quote

Snowboarder Shaun White’s Financial Advice:

“Let your money work for you rather than being out there trying to make moves. It doesn’t sound as enticing as this big elaborate plan to be financially stable, but it’s definitely proven through time.”

Compound Interest Graph Images – Browse 454 Stock Photos, Vectors, and  Video | Adobe Stock

I appreciate you reading The Petcash Post on a consistent basis!

Peace,

-AP

Please Fill Out This Survey If You Haven’t Already:

It’s 100% anonymous and helps me write better content — and it will only take you 32 seconds to fill out (yes, I timed myself).

https://docs.google.com/forms/d/1Dyf87cKP_tKNxUZS4MdtFv6gUNE1JO45NJx7pWL2y_c/


Extra Credit

Human working memory is able to hold no more than some four or five chunks of information at a time.

The adult human brain stores about 1 billion bits (a couple of orders of magnitude less than a low end smartphone).

Moral of the story: write stuff down!

R.I.P. to Dwayne Haskins 🙏