Lots of possibilties in this incredibly powerful ecosystem.
We at Elevate are big believers in the combination of data science and storytelling to unlock maximum value.
Imagine if college sports had jersey patch deals.
Elevate’s Insights and College Division has released estimated valuations for such a program.
Alabama's Crimson Tide could rake in as much as $6 million for such a deal.
Duke Blue Devils would lead the way for men's basketball at $2.2 million
https://lnkd.in/gmPn4QXc
The discussion around sports betting in college sports is multi-faceted with upsides and downsides. If you have time, join us - you'll hear some great perspectives from this line up!
Join us this Wednesday when we discuss the complexities of sports betting on college campuses and how to address its rapid rise with a variety of leading voices. Register here:
https://lnkd.in/e4YZpnTK
The first step to success in the NIL industry is understanding the value of social media. At AthleteMetrix, we put a value on your social profile and provide you with the information raise it.
Earlier this week, The Georgia High School Association announced high school athletes can now profit of their name, image and likeness, joining a number of states in producing game changing legislation.
Here is where the AthleteMetrix model values the top GA High School football recruits on social media right now. We look forward to helping young athletes navigate the new environment and continuing to educate and add transparency to the industry. Congratulations to all high school athletes on the new opportunities!
#nil#collegeathletics
I am honored to moderate this conversation. We will discuss current regulations; impacts on college sports and student-athletes; and what is being done to ensure integrity. Click the link to register: https://lnkd.in/e4YZpnTK
Join us this Wednesday when we discuss the complexities of sports betting on college campuses and how to address its rapid rise with a variety of leading voices. Register here:
https://lnkd.in/e4YZpnTK
NIL is a billion-dollar industry and financial literacy for college athletes has never been more important.
For Financial Literacy Month, I wrote my first article for CNBC exploring how current college athletes, ex-professional athletes, and financial institutions are all working together to help NCAA athletes learn everything they need to know about money.
Thanks to Chase Griffin, Brandon Copeland, Sandra L. Richards, and Carl Nassib for speaking with me about one of the most fascinating topics in sports right now.
#nil#sportsbusiness#financialliteracymonth#cnbc
⭐️Elevating Women's Sports⭐️
🏈 Introducing Connecticut's First High School Flag Football League: In a groundbreaking move, we've set up the state's first-ever league where high school girls can compete in flag football. This is more than just a game; it's a celebration of talent, determination, and dreams coming true. The league is an NFL Flag League. Thanks to the incredible leadership at RCX dreams are coming true!
🌍 Nationwide Impact: Recognizing the power of opportunity, we've brought in college coaches from across the country to Connecticut. Our aim? To open doors to scholarships and higher education for these aspiring athletes. It's about building futures, on and off the field.
💪 Let's Kick Glass: 32 sports is on a mission to create a world where girls and women see no limits to what they can achieve. This is more than a comeback; it's a revolution in women's sports
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🇺🇸🚫 Starting August 1, 2024, Louisiana will join several other states in banning prop bets on individual college athletes.
The move aligns with recent NCAA recommendations and reflects a growing trend towards more ethical sports betting practices.
👉 Read more about the college prop bet ban in Louisiana here: https://lnkd.in/da3dmy8h#SportsBetting#Louisiana#NCAA#ResponsibleGambling#CollegePropBets
The Final Four match-up between Iowa and UConn drew 17 MILLION viewers at its peak - making it the most-watched basketball game EVER on ESPN, and the most-viewed college event in history on ESPN+ (1).
And yet, despite the women’s tournament eclipsing (pun intended, happy April 8th) viewership records across the board, women’s teams won’t earn ANY financial compensation.
The NCAA gives a portion of its revenue - called “units” - to conferences based on the success of their schools in the men's tournament. Units are awarded for each game a school plays, except for the National Championship. This year, each of the 132 available units is worth about $2 million (2).
So, while the men’s performances have guaranteed the Big 10 conference $12 million as of the 2023 tournament (2), the women’s team at Iowa - the record-breaking team with arguably one of the biggest names in sports today - will receive nothing.
Though the NCAA is “discussing” unit distribution in women’s basketball for next season (3), they’re preventing teams from earning the (well-deserved) $170 million generated by the 2024 tournament. As USC coach Dawn Staley notes, that kind of money would "move your campus in a different direction [for] women.” (4).
Women in sports deserve that investment - not just as a reward for current successes, but to further elevate their future.
Sources:
1. https://lnkd.in/gJF6EwvW
2. https://lnkd.in/gescRAty
3. https://lnkd.in/gQssUP-h
4. https://lnkd.in/gwKpZbXJ#collegebasketball#marchmadness#ncaa#womeninsports
We are in a moment of turmoil in college athletics. Conference realignment is reshaping the NCAA, student-athletes are unionizing to become employees, and each day a new anti-trust lawsuit emerges. In this tumultuous landscape, staying informed is key. The resource I turned to most is D1.ticker, a twice-daily email that offers concise, curated updates to help you navigate this dynamic landscape effectively.
https://lnkd.in/gJhc9SH8
During my interview on the Paul Finebaum show, I stated that my concern about every non-Big10 and SEC school was a simple math problem. I said that if FSU and every other ACC school stayed in the ACC for the next 13 years (the contract expires in 2036), we would ask our programs to compete against a ~$500M+ financial deficit just from conference distributions.
For any doubters, below is the math to back it up, and I've added the BIG12 in as well so we can get a holistic picture. Also, important to note that both the BIG10 (2030), SEC (2033), and BIG12 (2032) all expire and will be renegotiated before the ACC contract expires in 2036. So sadly, the delta between the BIG10 and SEC will expand even further. The growth of those inevitable TV contracts is not accounted for in the calculations below; therefore, these are very conservative estimates.
While exact numbers are in flux given the recent collapse of the Pac-12 and how conferences / TV networks are working around realignment in real-time, experts estimate the average payouts from TV deals are as follows:
Annual Estimated TV Deal Revenue by Conference per Team, Under Current TV Deal Structures
💰 ACC: $17M (current, runs through 2035)
💰Big12: $32M (starts 2025, expires after
2031 season)
💰SEC: $51M (starts 2024)
💰Big10: $70M (starts this year)
Over the life of the ACC's and Big12's TV contracts, the total revenue gap created by new TV deals would be as follows (if SEC and Big10 deal values hold constant in the out years):
💶 ACC teams would be at a ~$408M disadvantage compared to the SEC over the course of their TV deal ($34M gap per year), assuming the SEC deal starts in 2024 and doesn't renew for a higher amount in 2033
💶 ACC teams would be at a ~$689M disadvantage compared to the Big10 over the course of their TV deal ($53M gap per year), assuming the Big10 doesn't renew for a higher amount in 2030
💶 Big12 teams would be at a ~$133M disadvantage compared to the SEC over the course of their TV deal ($19M gap per year), assuming the BigXII contract starts in 2025 and runs out after the 2031 season, and the SEC deal starts in 2024
💶 Big12 teams would be at a ~$266M disadvantage compared to the Big10 over the course of their TV deal ($38M gap per year), assuming the Big12 contract starts in 2025 and runs out after the 2031 season, and the Big10 doesn't renew for a higher amount in 2030
Experts also estimate that about 10-15% of what would normally be donated to the athletic departments will now be redirected to NIL collectives. The implications of this could very well be the Super 2 conferences having collectives that are 5x to 10x the size of everyone else. That is the difference between your starting QB making $100,000 or $1,000,000. Wrap your head around that; this will eventually look like National Football League (NFL) teams playing against UFL teams, which will not be fun for anyone.
#collegefootball#collegesports#nil#acc#sec#big10#big12
Founding Partner @ Weatherford Capital | MBA, Equity Investments
ICYMI- I was interviewed by Paul Finebaum regarding college football realignment, Florida State University, and the general direction of #collegefootball. Check out the interview below and let me know your thoughts.
This is a very important topic for all college sports fans so please join in the conversation and feel free to share this and invite others to join, as well!