Sunday, February 8, 2015

Crawford's Sports Biz 5 minutes, 59 seconds, For February 8th, 2015

By Gregory Crawford--- COO of Kiyokawa Crawford Sports Management--- on twitter @wchoops @crawssportsbiz @kcsportsmgmt

Note: Each Sunday, we expand Crawford's Sports Biz to 5 mins, 59 seconds, from our M-F Crawford's Sports Biz 59 seconds. We know you are busy, go we guarantee the times it will take to read.

Sports Teams----- Sports teams and their ownership are becoming increasingly savvy when it comes to real estate and especially the real estate that surrounds their arenas and stadiums.

Two good examples among many, the Chicago Cubs have announced they will spend $575 million to not only renovate Wrigley Field, but to almost prop of areas that surround Wrigley.

The Detroit Red Wings are building a new $450 million arena. At the same time, they will spend up to $200 million to prop up areas north of the arena, which in many cases have become blighted neighborhoods.

Good business practices, to say the least.

Quarterbacks----No question the quarterback is the most important position in football. Evidenced once again by the play of both Russell Wilson and Tom Brady in last week's Super Bowl. So here is what a couple of quarterbacks that play for teams that did not make the playoffs were paid in 2014.

Sam Bradford, St. Louis Rams---- $17.6 million
Jay Cutler, Chicago Bears----$18.5 million

You make the call.

San Francisco Giants---- It pays to win in any sport, especially the World Series. Average ticket price on the secondary market for Giants game this year is $84.00, that is up 36 percent from 2014. As for opening day for the Giants on April 13th, on the secondary market the average ticket price is $248.00

Super Bowl---- You hear all the time Roger Goodell should be fired. Rightly or wrongly, it is not going to happen. As a matter of fact, it is pretty apparent very soon Goodell will make over $50 million per year, his present salary is $44 million.

Part of the reason. The recent Super Bowl had the largest audience ever for any American TV program, with an average 114 million people watching and a rating of 49.7 percent. Which means, 49 percent of people in the United States who own a TV, were watching the game.

The owners love Goodell, that is not going to change soon.

College Football----High powered college football programs are expensive to operate, occasionally they save some money. LSU's new defensive coordinator Kevin Steele per the school was given a 2 year, $1 million per year contract.

Steele replaced John Chavis who was making $1.3 million, but wanted $1.7 million to stay. He didn't get it and bolted to Texas A&M.

Easy math, the LSU just saved at least $300k, possibly $700k per year. Of course,  will the savings pay off in continued wins, always the bottom line in big time college football.

Big Announcement----Crawford's Sports Biz will have a big announcement coming out before the end of February. It will be exciting and great for all readers, spread the word about this blog. Suggestions, comments and concerns, always welcome.

more of Gregory's blogs----


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