HoopsHype Business rumors

LATEST HOOPSHYPE VIDEOS

April 27, 2015 Updates

Under Armour Inc. lost a two-horse race with Nike Inc. for the NBA's on-court apparel rights, but it's not entirely out of the game. Sources said the Baltimore sportswear maker is in talks to end up with a second-prize of sorts: an apparel license that would allow it to sell performance apparel and fan wear with NBA logos, likely within limited distribution — such as its own retail locations and team shops. “As an enhancement to Under Armour’s performance apparel, an NBA license would be valuable,” said Milt Arenson, CEO of venue merchandising specialist Facility Merchandising Inc. “But what they really need more is some hit footwear.” Business News

April 25, 2015 Updates
April 24, 2015 Updates
April 23, 2015 Updates

Sixers CEO Scott O'Neil said he's talked to Comcast SportsNet about broadcasting the Sixers' summer league games, much like the network did with Nerlens Noel last July after Noel missed his rookie season due to a torn ACL. The four games in which Noel appeared had higher than a 1 rating, according to O'Neil. The Intelligencer

Kami Mattioli: Adam Silver — “I think it’s inevitable that we’ll see some sort of additional branding on our uniforms.” NBA’s current deal with adidas for uniforms ends after 2016-17 season. No timeframe for when the league may include ads on uniforms. Twitter

April 22, 2015 Updates

The Milwaukee Bucks and state and local officials did not reach a financing deal for a new $500 million arena during a closed-door meeting Wednesday in the state Capitol, though those who attended described it as productive and planned to meet again Thursday. The team, state and local leaders are trying to come up with a plan to split the costs of the new arena in downtown Milwaukee that would be put of a larger $1 billion entertainment district. Without a new stadium by 2017, the NBA has said it will buy back the team and relocate it. Those attending Wednesday's meeting included Bucks president Peter Feigin, Republican legislative leaders and Milwaukee officials. The discussions come as the Bucks are playing the Bulls in the NBA playoffs. Boston Herald

Wisconsin Republican legislative leaders and the president of the Milwaukee Bucks say they had a productive meeting to discuss ways to pay for a new stadium for the team, but no deal has been reached. Another meeting is set for Thursday. Republican Senate Majority Leader Scott Fitzgerald says no ideas were brought up in Wednesday's 90-minute meeting that haven't been talked about before to pay for the $500 million stadium. It's part of a larger $1 billion planned entertainment district. USA Today Sports

April 21, 2015 Updates
April 19, 2015 Updates

Bad or good investment for Sir Anthony? How you go from Jordan Brand to this, I’ll never know. As if re-signing with the Knicks wasn’t the worst decision of Carmelo Anthony’s career, he trumps that with a significant investment into a pair of terrible looking 3D printed LED high tops. ADAPTIV, designed by SOLS, combines a system of pressurized sensors and gyroscopes with the customization aspects of a 3D printed shell formed to truly fit your foot. SOLS is most known for creating custom 3D printed orthotic in-soles for athletes. This is their first attempt at the footwear industry. TheShoeGame.com

Additive manufacturing and 3D printing are changing the world, one step at a time. That’s quite literal for one 3D printed orthotics company based in New York City called SOLS. The company, founded in July of 2013, has been on a roll lately, expanding their reach, and in the process, garnering the attention of numerous investors. In fact, last April they raised $6.4 million in Series A funding from venture capitalists like Melo7 Tech Partners, Grape Arbor VC and FundersGuild, among others. 3dprint.com

April 17, 2015 Updates
April 16, 2015 Updates

Any rumor missing? E-mail us at   hoopshype@hoopshype.com.