In another sign that the value of sports media rights is still growing rapidly, the PGA Tour is expected on Monday to announce a lucrative new media rights agreement through 2030. Golf tournaments will remain on CBS, NBC and the Golf Channel — where they have been shown since the mid-2000s — while ESPN will show ancillary content on ESPN+, its digital streaming service. While none of the parties would comment on the value of the agreement, four people familiar with the negotiations said the media companies would pay at least a 60 percent increase, even as golf’s biggest star and driver of ratings, Tiger Woods, nears the end of his career. The current agreement runs through 2021, and is estimated to pay the PGA Tour $400 million annually. With tens of billions of dollars of sports media rights agreements expiring over the next few years, the PGA Tour purposefully began negotiations more than two years before its contracts were set to expire. “We wanted to be out in front of … [Read more...] about PGA Tour’s New TV Deal Indicates Value of Sports Rights Continues to Grow
Biggest collapses in sports history
SEOUL — On the day South Koreans rejoiced over the selection of Pyeongchang as the host city of the 2018 Winter Olympics, prosecutors continued to peel back layers of a long-hushed dirty secret of the nation’s sports landscape. Since June, 55 professional soccer players have been indicted in the biggest match-fixing scandal in South Korean history. Prosecutors called the problem “endemic.” Almost 1 in 10 players in the K-League, Korea’s professional league, have been indicted, prompting it to introduce lie-detector tests and to break into two eight-team divisions, with teams caught manipulating the outcome of games being relegated to the lower division. The league said it would also double the minimum annual salary for a player to almost $23,000, hoping the added pay would reduce the temptation to take bribes. Observers say that match-fixing is an outgrowth of a number of problems that have plagued South Korea for decades: widespread mistreatment of young athletes; poor salaries; a … [Read more...] about In South Korean Sports, a Culture of Corruption
Vince Evans remembers the crosstown rivalry for its unrivaled terror. Before the 1976 game, Evans received a letter that contained the N-word with a warning: “If you go out there against UCLA , we’re going to blow your brains out.” Such was the life of a Black quarterback. “Imagine being a young kid playing under that kind of duress and pressure,” Evans remembered. “It was tough.” Advertisement Jimmy Jones remembers the crosstown rivalry for its unrivaled finality. Despite directing the Trojans to an unbeaten season in 1969 and establishing several school passing records during his three years as a starter there, Jones was never given a shot in the NFL. He wasn’t drafted. He wasn’t signed as a free agent. He was never even offered a tryout. He spent a year working for Chrysler before spending his entire professional career playing in Canada. Such was the life of a Black quarterback. Sports Plaschke: You read it here first: UCLA will beat USC … [Read more...] about Column: USC-UCLA crosstown rivalry makes overdue history with two Black starting QBs
TURIN, Italy — When professional tennis took a few minutes on Friday night at the ATP Tour Finals to honor a handful of players who had announced their retirement from the sport this year, one of them walked onto the court at the Pala Alpitour stadium wearing military fatigues. That was Sergiy Stakhovsky of Ukraine, whose retirement has unfolded differently from all the others. Stakhovsky’s tennis career, which included eight ATP singles and doubles titles and an appearance at the 2012 Olympics, came to an abrupt end in February when he became a soldier. Stakhovsky, 36, knew nothing about shooting guns, throwing grenades or firing stingers at the time. Now, having spent much of the past months near the front lines in eastern Ukraine, he knows plenty. “Everybody out there is tired,” he said on Friday night after the ceremony, in reference to Ukraine’s forces, who know that even as they make gains, Russia continues to kill civilians and hit infrastructure targets. “A lot of … [Read more...] about As tennis honors Sergiy Stakhovsky of Ukraine, he reflects on shifting his focus from sports to the war.
DORAL, Fla. — To hear the 52-year-old Phil Mickelson’s account, whatever happened this year in his golf career — a greed-fueled rupture, a simply-business parting of ways, an inevitable estrangement, a lucrative exercise in denial and downplaying — has yielded something close to sublime. “I see LIV Golf trending upward, I see the PGA Tour trending downward and I love the side that I’m on,” Mickelson said this month in Saudi Arabia, the country whose sovereign wealth fund bankrolled the new LIV Golf circuit, including a Mickelson contract believed to be worth about $200 million. As the series closes its first season Sunday, when its team championship event is to be decided at Trump National Doral Golf Club and a $50 million prize fund divided, it can credibly claim that it has disrupted men’s professional golf more than anything else since the late 1960s, when what would become the PGA Tour emerged. It has done so with a checkbook that seems boundless, nearly unchecked brazenness … [Read more...] about LIV Golf Threw a Sport Into Chaos. It Also Changed It.
Tom Brady watching his money disappear. Photo: S. Mellar/FC Bayern via Getty Images The fall of Sam Bankman-Fried and FTX, once one of the world’s largest crypto exchanges, is rippling throughout the world. The now-bankrupt company may owe money to more than 1 million people, according to the New York Times, and among the many losers is the world of sports. FTX, and crypto in general, has spent millions of dollars to advertise with professional football, basketball, baseball, and other sports. Now many such deals have gone bust. Here’s a look at some of the most serious athletics-related fallout from FTX’s implosion. Miami may be the crypto capital of the world , so it stands to reason that FTX wanted to plaster its brand there. The company bought the naming rights for the Heat’s arena last year, signing a 19-year, $135 million deal. Last week, the Heat and Miami-Dade County issued a statement announcing that they were ending their business relationship with … [Read more...] about All the Ways the FTX Implosion Is Shaking the Sports World