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Selig Resurrected Baseball as a Profitable Business

Selig Resurrected Baseball as a Profitable Business | Sport management 2 | Scoop.it
Bud Selig, Commissioner of Major League Baseball, announced this week that he was retiring from that position at the end of the 2014. Selig found his early years filled with controversy and was held as a villain with players and the public.
Garrett Fox's insight:

Bud Selig, Commissioner of Major League Baseball will be retiring late 2014 and he leaves a long history of marketing through founding MLB Media, and MLB Network. These companies were formed to drive audiences and revenue and they worked. He expanded local and national television audiences and negotiated deals between the League and the MLB Player’s Association.This article has taught me forming relationships in the industry is important. Form in-house relationships with the media and owners and if in a hiring position to form alliances with talented leaders with a track record.



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The World's Most Powerful Sports Agents

The World's Most Powerful Sports Agents | Sport management 2 | Scoop.it
When it comes to successful sports agents, no one can say "show me the money" louder than mega agent Scott Boras.
Garrett Fox's insight:

I learned from this article a couple of the top sports agents in the world. The number 1 sport agent is Scott Boras, representing over a hundred of MLB top players in a salary free system. He has negotiated over $1.6 billion in current contracts with estimated earnable commission over $83 million. What I found interesting is how much money a sport agent can make if you’re in the sports business for a while. I picked this article because I’d possibly like to be a sport agent, and I was curious about “The Worlds Most Powerful Sports Agents.”This information has made me more serious about getting into the sport agent business.

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Madison Square Garden Intern Lawsuit Could Create Disastrous Precedent For Sports Industry

Madison Square Garden Intern Lawsuit Could Create Disastrous Precedent For Sports Industry | Sport management 2 | Scoop.it
The World's Most Famous Arena, Madison Square Garden (MSG), has become the latest company to be targeted in a class action by former interns claiming they were wrongly classified to avoid being paid.
Garrett Fox's insight:

 I learned that there are over 500 people are suing Madison Square Garden because they were "Wrongfully classified to avoid being paid." These people claimed that they were hired under the title of "intern" or "student associate" so they were able to do work as though they were actual employees. These interns were asked to work as much as 5 days a week working on time lengthy things such as ticket sales and administrative projects. What I found interesting is that companies find that the learning experience and new skills the interns gain out of the internship is far more valuable than any financial reward. I found that many sports and entertainment companies rely on interns to help around their company or organization for free. I chose this article because I’m from New York and MSG is my home arena. The title also grabbed my attention because this could possibly create disastrous precedent for sport industry.

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Basketball Agent For Tim Duncan And Jeremy Lin Launches New Sports Agency

Basketball Agent For Tim Duncan And Jeremy Lin Launches New Sports Agency | Sport management 2 | Scoop.it
Sports agent for NBA's Tim Duncan and Jeremy Lin left his law firm and launched a new sports agency.
Garrett Fox's insight:

Jim Tanner created his niche of Athlete representation within a conservative law firm. During the last 16 years he has acquired several high profile basketball stars, most recently Jeremy Lin alongside Ray Allen, Grant Hill and a host of others. Mr. Tanner also established a fee schedule unlike his competition that seems favorable, charging by the hour vs. a percentage. Jim has recently opened his own agency, combining sports and entertainment. Jim Tanner teaches those interested in sport management, that going against the conservative grain can be rewarding. He has diversified. He will now attract athletes, singers, comedians, etc. This also presents another possibility. Most athletes seek out attorneys to represent them. Yet, if you’re opposed to becoming an attorney and are business savvy and can read contracts, who is to say you’re incapable of becoming an agent.


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America's Fastest Growing Sport: Professional Bull Riding

America's Fastest Growing Sport: Professional Bull Riding | Sport management 2 | Scoop.it
Cowboy up! SYDNEY, AUSTRALIA - JULY 09: Luke Snyder of the USA rides in the final during the 2011 PBR Australian Cup Series Final at Acer Arena on July 9, 2011 in Sydney, Australia.
Garrett Fox's insight:

I learned that professional bull riders has blown up over the past couple of years. 21 years a group of 20 cowboys invested 1,000 to fund the start of the Professional Bull Riding circuit. If you are still an owners your seed money would now be worth over $4 million. I learned that PBR (professional bull riding) pays $9 millions to the riders and $2 million to the owners of the bulls. This article showed me how profitable sport investments can be. Not only in just bull riding, but sales of the Dallas Cowboys and San Francisco Giants. I chose this article because Ive watched a couple rounds of bull riding when I was younger but was never really curious about it. To see the title of this article and to know that its the fastest growing sport, made me pick this article. This information will me in the sports industry because now i know how much money is in this sport, so maybe if I were to get into sport marketing this sport would be good to be in.

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