Showing posts with category "nba"

A Few Things Know About NY Online Sports Betting Launch

Sports betting is on its way to New York. The Empire State has a huge population, and its proximity to other betting-friendly areas like New Jersey and Pennsylvania results in a congested gambling industry.

December 28, 2021
tags
sports betting

Accessible Premier League Stadiums

Just like every other spectator of the league. Premier League stadiums come in all shapes and sizes.

November 26, 2021
tags
stadiums

Economic woes for the sports business in Baltimore

The Baltimore Sun had a front page article this morning devoted to the impact of the general economic decline on the fortunes of the Orioles and the Ravens. There is also a bit of discussion about the prospects for the proposed downtown arena project. Here's one tidbit from the article: "It's kind of like booze and movies," said John Moag, founder of Moag & Co., a Baltimore-based investment banking firm that specializes in sports. "Psychologically, people do not want to give it up." A recent study by Moag's firm found attendance and franchise values went up during the bear markets […]

August 6, 2021
tags
NBA

Overstating King James' Impact on the Cleveland Economy

Meghan Barr, an AP correspondent from Cleveland, needs a lesson in economics in this article about LeBron James. "James has been with Cleveland since he was drafted in 2003 but now is at the center of a high-profile pursuit by several NBA teams. The Cavs can offer him a longer and more lucrative contract under league rules, but other teams are trying to convince him that they are his ticket to the championships that have so far eluded him. James has helped inject untold millions into Cleveland's economy. His team, which had an average home attendance of about 11,500 the […]

August 6, 2021
tags
economic impact

Portugal's Hangover

Portugal hosted Euro 2004, a fantastic tournament with a surprise winner in Greece. But as the financial crisis unfolds, some Portugese feel a tinge of regret over the expense involved. Not just the capital costs of building "seven modern stadiums from scratch" and renovating three others*, but also ongoing maintenance expenses: Second-division Beira Mar can’t afford the upkeep of a 30,000-seat, $94 million municipal stadium in Aveiro, while first-tier Uniao de Leiria doesn’t have enough revenue to maintain the city’s $120 million arena. On the south coast, lower-league teams Farense and Louletano rely on taxpayers’ money to bankroll the $61 […]

August 6, 2021
tags
European football

Luol Deng: Basketball's $125 Million Real Estate Magnate

Current NBA Basketball Player Louol Deng moonlights as a real estate magnate with a $125 Million fortune solely from investments. This is how Deng did it.

August 6, 2021
tags
NBA

The Value of Recruiting

Echoing Skip's post below, I link to this article about Kansas State assistant basketball coach Dalonte Hill, about whose salary a recent stink was raised: Michael Beasley made Kansas State basketball relevant for the first time in more than a decade last season, and his presence put a few extra dollars in the pocket of the man responsible for luring him to Manhattan, Kan. Kansas State had been a perennial also-ran in the Big 12 during the 90's and the early part of this decade. It was in large part due to Michael Beasley - with all due respect to […]

August 6, 2021
tags
college basketball

Seattle Supersonics Trial - Do economists' opinions vary?

I apologize for the length of this post at the outset. Given the interpretations and spins put on the testimony of Andy Zimbalist and Brad Humphreys regarding the economic impact of the Supersonics by the lawyers and the press, I feel it necessary to be clear on a few issues. From comment #141037 we get this: "Overall, I'm thinking the economist's testimony is gonna get tossed out the window since they all contradict one another." Here is Paul Lawrence, lead attorney for the city of Seattle responding to a question about the case in the Seattle Times being a battle […]

August 6, 2021
tags
economic impact

When Will the Pirates Gain Respect in Pittsburgh?

Pittsburgh is likely the best small sports town in the country, which is often overlooked by a broad range of sports fans within the US.

July 29, 2021
tags
sports

How Often Do Betting Odds Get It Right?

It’s a question that many of us must often ask ourselves: are betting odds accurate in the real world, and if so, how are they calculated?

June 24, 2021
tags
sports betting

Top 10 Richest Canadian Athletes in 2021

Canadian sportspeople aren’t just dominating the big stage in various disciplines. They are also racking in insane amounts of money. The 2019 list of the super-rich athletes is out and the leading ones, according to celebritynetworth.com are:    Joey Votto With a net worth of $110 million, Joey Votto is undoubtedly the highest paid sportsperson in Canada. Votto, a professional Major League Baseball player, is currently contracted to the Cincinnati Reds having made his debut with them in 2007 against the New York Mets. Before getting drafted by the Cincinnati Reds after the 2nd round of the 2002 MLB amateur draft, […]

March 13, 2021
tags
sports

How Much Do NBA Players Make in the Playoffs?

The NBA is one of the most lucrative businesses in the world. Professional basketball players earn an extraordinary amount of money.

October 2, 2020
tags
NBA