Weekly Roundup: Business of Athletes, Sports, & NIL (May 29-June 4)

Audio Timeline:

1:25 - Feel good stories: Draymond Green’s big donation, a $250M grant from the NFL

2:22 - NIL: $13M for OSU to maintain its roster, international athlete debate, conflicts of interest in NIL for college golf, Big12’s record distribution year

7:40 - Business of Athletes: NBA player(s) and wine, Kanye West’s agency, $125M for Dustin Johnson to leave the PGA Tour

11:15 - Sports Biz/Tech: Web 3.0 meets Callaway/TopGolf, NBA sponsorship money is through the roof

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Interesting Stat

Legislation regarding if transgender athletes can compete in youth sports continues to evolve as we head toward the midterm elections.

States such as Texas, Alabama, Montana, Kentucky, and Florida require trans athletes to compete based on their biological sex.

In Alaska, Connecticut, Georgia, Kansas, Pennsylvania, and Wisconsin, each school district makes their own decision on how to include transgender athletes.

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Short Passage of The Week

Where do we find the courage to remain present in the face of the unknown, the unpredictable, the uncontrollable — to this thing called Life?  

Courage is not the absence or denial of fear; it is facing fear and surrendering to the gifts it offers:  

• To change when change is needed.

• To embrace the unknown despite our fears and insecurities. 

We can begin to welcome such opportunities to become better acquainted with ourselves. 

Source: Michael Bernard Beckwith

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Tweet(s)

Former Facebook executive Chamath Palihapitiya owns 10% of the Golden State Warriors.

Here’s the story of how it happened (told by him) 👇

Chamath Palihapitiya @chamath

Here's the story of how I came to own a piece of the @warriors. In 2011, I was 34 and had left $FB to start @socialcapital. When I was raising my first fund, I spoke to @peterthiel about investing. He asked me how much I planned to invest as the founder and only keyman.

Darren Rovell @darrenrovell

In July 2010, the Warriors were purchased for an NBA record $450 million. Today, @Sportico says the team is worth $5.2 billion. https://t.co/owIoZr081H https://t.co/X4wVDvGViy

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MoneyVehicle.com

Buy Now, Pay Later (BNPL)

During the pandemic, a lot of people were introduced to a new way to 'leverage' their spending.

Warned against credit cards and their high-interest rates, this Buy Now Pay Later tactic gives you the luxury of getting something today you technically can’t afford.

Before you are blinded by the marketing hype of free money, confirm there are NO interest charges or late fees, as well as what type of credit check is required.

Then be warned, this tactic of delaying your payments works until you realize it has allowed you to overspend just like those traditional credit cards.

Use BNPY only for necessary expenses, not splurges. 

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Quote

“Always be yourself and have faith in yourself. Do not go out and look for a successful personality and try to duplicate it” - Bruce Lee

Thanks for listening and reading — have a nice rest of your day. We’ll talk tomorrow.

Peace,

-AP