Weekly Roundup: Business of Athletes, Sports, & NIL (Jan 30 - Feb 5)
UCLA athlete donates $22k, HOF Detroit Lions player releases CBD product, and some interesting NFL stats ahead of the Super Bowl.
(0:50) - Feel good stories
College athlete donates $22,000 and Make-A-Wish is hosting an awesome Super Bowl event
(2:15) - Business of Athletes
The NFL salary cap is increasing from $208.2M to $224.8M for 2023.
Shinesty, a men's underwear company, signed a deal with Clemson basketball player Brevin Galloway after his “balls” video went viral.
Former NFL players Calvin Johnson Jr. and Rob Sims have launched their newest CBD product, Primitiv Performance.
Baseball star Shohei Ohtani has signed a massive endorsement deal with New Balance, other notable athletes include Kawhi Leonard, Zach Lavine, and Coco Gauff.
(5:45) - Name, Image, and Likeness
Boston College lacrosse midfielder Belle Smith signed a name, image, and likeness (NIL) deal with Senné, a Boston-based real estate advisory and investment firm
Nick Saban turned down two recruits asking for over $1.3M in combined NIL deals “I’m not paying a kid a bunch of NIL money before he earns it.”
LSU announced “Bayou Traditions” and also named it the official collective of LSU athletics.
(10:00) - Future of Sports
The Premier League has acquired an equity stake in fantasy sports NFT platform Sorare as part of a new four-year deal.
Venturerock, a $75 million sports tech fund that launched last fall, has made its first major investment in POGR, an esports/metaverse product.
Generative AI text-to-video startup Recut has been accepted into Tennis Australia’s inaugural AO Startups incubator program.
Sports For All, a multi-sport tech-driven platform, has joined Khelo India Youth Games as a sponsor for the next five years investing Rs 12.5 crore ($3.5M).
Ballislife, a basketball and lifestyle media company started in 2005, has raised $2.7M in Series A funding led by London-based Oakvale Sports Investco.
All In Team Sports, a sports SaaS for youth team management, has now raised $1.55 million to date.
This is wild…
According to data released by the NFL, there were 149 concussions during the 2022 regular season.
That's an 18% jump from 2021 (126) and 14% higher than the three-year average (130) between 2018 and 2020.
Short Passage of The Week
Master the Art of Showing Up
Mastery requires both impatience and patience. Every action you take is a vote for the type of person you wish to become.
To not waste time
To have a bias toward action
To work with a sense of urgency each day
To trust the process
To delay gratification
To wait for your actions to accumulate
Master the art of showing up. Time will magnify whatever you feed it. Good small habits can compound into greatness.
Passage By: James Clear, Atomic Habits
It’s cool to see athletes follow their passions outside of sports.
Understanding the differences between a 401(K) and Roth Ira is important:
“If people made products with the intention of helping people, rather than making money, they’d end up making a lot more money.” - Alex Hormozi
Thanks for tuning in today!