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Front Office Sports

Apple Reportedly A Big Factor in Big Ten Rights Talks

Major shifts in the college conference landscape have caught the attention of a rising player in sports streaming. Apple has reportedly restarted talks with the Big Ten following the news that USC and UCLA are joining the conference in 2024, per Sports Business Journal. The conference’s current six-year media deal, which pays around $440 million per year, expires in 2023.
LOS ANGELES, CA
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OpenBet’s Price Tag Plummets $400M for Endeavor

Endeavor Group entered an agreement in September 2021 to acquire sports betting company OpenBet for $1.2 billion — but that number fell significantly on Thursday. The revised deal will be worth $800 million, according to an SEC filing, with a shift in the makeup of the deal. Light & Wonder, OpenBet’s current owner, will receive $750 million in cash and $50 million in stock.
GAMBLING

UCLA Claims NIL Earnings Will Jump in the Big Ten

In announcing its future move to the Big Ten, UCLA made a curious claim. “This move,” wrote AD Martin Jarmond and chancellor Gene Block, “will enhance Name, Image, and Likeness opportunities.”. The two added that the “greater exposure” the school will receive on the Big Ten’s platform, as...
LOS ANGELES, CA

NBA Free Agency Opens With Over $2.6B in Deals

NBA free agency is off to an extremely hot start. Led by Nikola Jokic’s five-year, $264 million supermax extension with the Nuggets — now the largest contract in league history — NBA teams have reportedly handed out over $2.6 billion in contracts. The explosion in new money...
NBA

New York Times Shakes Up Top Management Team At The Athletic

Six months after buying The Athletic in a $550 million all-cash deal, The New York Times Co. is launching a high-level shakeup of Athletic management. The changes include redefined roles for co-founders Alex Mather and Adam Hansmann — who launched the subscription sports news website in 2016. Each will no longer have the co-president titles they held in the months since the January acquisition, according to two internal memos obtained by Front Office Sports.
BUSINESS

Oakland A’s Secure Key Vote for Waterfront Stadium Project

The A’s may stay in Oakland after all. The team’s proposed $12 billion development proposal cleared a key vote Thursday, allowing the project to move forward. The San Francisco Bay Conservation and Development Commission voted 23 to 2 to remove Howard Terminal’s “port use” designation, clearing the path for a potential ballpark project. Commission staff provided a key lift for the project, recommending prior to the vote that the port designation be removed.
OAKLAND, CA

Canal+ Snags Exclusive Rights to Champions League

Canal+ has landed French rights to Europe’s top soccer competition. The French media company will take over exclusive rights to the UEFA Champions League, beginning with the 2024-25 season. The three-year deal is worth $503 million per season. Canal+ shares rights with BeIN Sports for the current three-year cycle.
UEFA

NHL Scores Licensing Deal with Mitchell & Ness

The NHL has secured a deal with Mitchell & Ness that will see the two entities collaborate on licensed apparel and accessories. “Mitchell & Ness is at the cross-section of fashion, streetwear, culture, and authenticity, which is a sweet spot for hockey fans,” said NHL CBO and senior executive VP Brian Jennings.
BEAUTY & FASHION

On Location, IMG Events Group Merge in Latest Endeavor

Endeavor Group Holdings is condensing two of its biggest divisions. On Location — Endeavor’s sports, music ticketing, and hospitality business — is merging with talent agency IMG’s event group. Endeavor acquired On Location in 2020 for $660 million. The firm has more than 150 rights-holders. On...
NFL

Amazon Close to Landing UEFA Rights in U.K.

Amazon is close to adding a major piece to its U.K. sports rights portfolio. The tech giant and BT Sport are reportedly among those set to acquire U.K. rights to the UEFA Champions League. Broadcasters will share coverage privileges for three years, starting with the 2024-25 season. The deal will...
UEFA

PSG Lands Shirt Deal Worth Up to $72M Annually

Paris Saint-Germain has secured a multiyear shirt sponsorship deal with Qatar Airways worth as much as $72.1 million per year, according to SportsBusiness. Qatar Airways will take over for the French hospitality company Accor, PSG’s shirt sponsor since the 2019-20 season. Accor reportedly paid between $62.7 million and $72 million annually.
ECONOMY

NFL Teaming Up with Ice Cube’s Racial Equality Initiative

The NFL is stepping up its racial equality initiatives with the help of Ice Cube. On Thursday, the league announced a new partnership with the rapper-actor’s Contract with Black America Institute, an initiative focused on economic inclusion for minority groups. As part of the agreement, the NFL has already...
NFL

Freddie Freeman Fires Excel, Who May Have Botched Braves Deal

Freddie Freeman’s return to Atlanta was always going to be emotional — but very few could have foreseen the whirlwind of drama it would whip up. Following the Dodgers’ series against the Braves last weekend, Freeman fired his agent, Excel Sports Management’s Casey Close, who reportedly didn’t disclose Atlanta’s final offer to Freeman, per Fox Sports’ Doug Gottlieb.
ATLANTA, GA