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Saturday, December 20, 2014

Sports Business

Kevin Durant offered over $265 million deal by Under Armour

Under Armour has just given a huge wake-up call to Nike. The Maryland-based sports equipment and apparel company has offered Kevin Durant a 10-year deal worth between $265-285 million, according to an ESPN report. The deal includes stock offers and other incentives for Durant. Nike has the option to match the offer from Under Armour….Read More

NBA announces sale of Clippers to Steve Ballmer has been finalized

The NBA announced on Tuesday that the sale of the Los Angeles Clippers to former Microsoft CEO Steve Ballmer has been finalized. The $2 billion transaction had previously been approved by the NBA Board of Governors, and Tuesday’s closing officially makes Ballmer the team’s new governor. The finalization of the sale was made possible by…Read More

Nike wants Jimbo Fisher to not let his son wear Under Armour

Jimbo Fisher and his son shared a great moment back in November after Florida State came away with a huge win over Miami. You would have to be cold-hearted to not crack a smile watching 9-year-old Ethan sprint into his dad’s arms. The folks at Nike were frowning. The Wall Street Journal has uncovered an…Read More

Cowboys print and send playoff tickets to season ticket holders

If the Dallas Cowboys silence their critics and reach the postseason in 2014, we already know what the tickets to the games will look like. How? Because the team has already printed them. As ESPN’s Darren Rovell revealed on Friday, Cowboys season ticket holders received a sheet of playoff tickets with their season ticket packages…Read More

Sydney Leroux partners with Kobe Bryant’s drink company

One of our favorite soccer players in the world is officially partners with Kobe Bryant and his sports drink. Bryant, who owns more than a 10% stake in BodyArmor Super Drink, announced on Thursday that Sydney Leroux is the first female athlete the beverage company has signed. “Proud to announce @drinkbodyarmor has signed our first…Read More

Michael Jordan officially a billionaire?

Michael Jordan is finally a billionaire, according to an article that was published in Forbes on Thursday. Jordan, who earns an estimated $90 million per year through endorsement deals, his clothing and shoe company, the Charlotte Hornets and other avenues, was estimated to have a net worth of around $750 million earlier this year. However,…Read More

LeBron James reportedly made $30 million on Beats by Dre sale

LeBron James is not just a great basketball player, he’s also a savvy businessman. According to a report from ESPN, LeBron was set to make around $30 million after Beats Electronics was bought by Apple for $3 billion. LeBron got a small stake in the company in 2008 when he agreed to promote the brand….Read More

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