HoopsHype Business rumors


May 26, 2015 Updates

With the next NBA season widely considered to be his last, Kobe Bryant has quietly signed with WME, The Hollywood Reporter has exclusively learned. Although his marketing contracts will continue to be handled by his Landmark Sports agent Rob Pelinka, WME will represent the 14-time All-Star in film, TV, books and digital, similar to what it does for its other superstar athlete clients, including LeBron James, whoseburgeoning Hollywood portfolio includes executive producing the Starz comedy Survivor’s Remorse, developing the Esquire docuseriesWinner’s Circle and an untitled NBC game show and playing himself in Amy Schumer’s Trainwreck. For his part, Bryant recently executive produced his first project, the documentary Kobe Bryant’s Muse, which aired on Showtime on Feb. 28. Oklahoman

May 25, 2015 Updates

If both series end in sweeps, the league, its sponsors and TV partners will be faced with an eight-day gap between the end of the Eastern Conference finals and Game 1 of the Finals. "I think that's too long," the Warriors' Draymond Green said Monday. "Maybe it'll be good to rejuvenate a little bit, but I think you could rejuvenate with five or six days, as opposed to [eight]." As a result, league officials explored moving up the start of the Finals to June 2 in the event of two sweeps. But network TV commitments, hotel inventory, international travel and other factors made it logistically unfeasible. CBSSports.com

May 21, 2015 Updates

Despite signing an agreement to coach a Chinese tour, Allen Iverson has been pushed so hard to play by local promoters in Harbin, China, that officials held the 11-time NBA All-Star in the city and delayed his next stop, sources told RealGM on Thursday. Iverson won in his head coaching debut Wednesday, leading Team Iverson to a 10-point victory over Lioning. A future basketball Hall of Famer, Iverson no longer has a desire to play, thus signing a coaching deal for the tour. Still, local promoters in Harbin wanted him to step outside of his contract and put on a jersey, later preventing him to move forward on the tour against his will, sources said. RealGM

Iverson remained on the sideline as coach, and after the game went to a promotional dinner that included Yao Ming. When Iverson readied to depart for a 6 a.m. flight Thursday to Xi’an, sources say local fans and promotors closed off transportation, leaving him without a plane until later in the day. There was strong support within Iverson’s family to scrap the tour and return to the United States. As one source told RealGM, “He did everything he could to leave for his next city, and they still held him hostage. For a guy who's beloved in China, it was ridiculous.” RealGM

May 20, 2015 Updates
May 16, 2015 Updates

A 3-year old lawsuit between Michael Jordan and Chinese sporting goods retailer Qiaodan has escalated to China’s Supreme Court, according to a report from Reuters. In 2012, Jordan sued Qiaodan Sports, claiming that the Fujian-based manufacturer built its business around his Chinese name and jersey number ’23’ without consent. Since the 80s, he’s been widely known as Qiaodan throughout China. However, earlier this year, a court ruled in favor of Qiaodan over the trademark dispute, which was then upheld by the Beijing Municipal High People’s Court. "In light of the trademark dispute ruling, we intend to appeal to the Supreme People's Court for retrial," Jordan’s legal team said in a statement. They added that a separate case with Qiaodan Sports over naming right is still ongoing. Sole Collector

May 15, 2015 Updates
May 14, 2015 Updates

A former NBA player is opening the first California location for a cryotherapy business in Sacramento. A.C. Green, who became well known as a key member of the championship Los Angeles Lakers teams of the 1980s, will open CryoBath on Howe Avenue on Friday. “Your mayor sold me on Sacramento,” said Green, who played with Mayor Kevin Johnson on the Phoenix Suns in the 1990s and is chief marketing officer for CryoBath. Green said he’s also had relatives in Stockton for many years, so he’s always been interested in the region. “When that time is right, I want to try something in Sacramento.” Business News

May 11, 2015 Updates
May 8, 2015 Updates
May 6, 2015 Updates

The Cavaliers canceled a plan to give away 20,000 arm slings to fans to show support for injured starting forward Kevin Love, who is out for the rest of the NBA playoffs. Love underwent surgery last week after his left shoulder was dislocated when his arm was yanked from the socket by Boston center Kelly Olynyk in Cleveland's series-clinching win in the opening round. The Cavs intended to hand out the slings, adorned with a sponsor's name, during their Eastern Conference semifinal series against Chicago but scrapped the idea. NBA.com

May 5, 2015 Updates

I have written a book on this very subject entitled “Fast Broke,” which is being excerpted on SheridanHoops.com and can be purchased via Amazon.com for $14.95, and I recommend that if you read only one of the excerpts, read the one entitled: “How to Go Broke on $100 million.” It is a lot easier than you might believe. For athletes, the biggest mistake that is made over and over again is not really understanding how their current lifestyle will impact their future lifestyle. Even if they have a nest egg when their playing days are over, that is often not enough. Here’s why: SheridanHoops

In September, England’s largest wine estate, Chapel Down, raised almost £4 million ($6 million) to acquire more vineyards and build a winery through website Seedrs. Burgundy’s Domaine Chanzy went the same route to line up more than £1 million. And basketball star Yao Ming took to Crowdfunder to offer fans shares in his Napa Valley–based Yao Family Wines for $5,000 and up. Those who invest the most—he’s looking for $3 million in total—will be entitled to perks such as a VIP winemaker dinner and an invitation to the grand opening of the winery’s tasting room in Shanghai. Bloomberg

May 4, 2015 Updates
May 2, 2015 Updates

Earvin "Magic" Johnson said he owes his success on the basketball court and in the world of business to his Lansing upbringing. So the former NBA star called on a few friends and reached into his own pocket to help Lansing children go to college and achieve their dreams. "Lansing was the greatest place in the world to grow up," Johnson told about 1,000 people at a fundraising dinner hosted by the Lansing Regional Chamber Economic Club on Thursday night. "Everything I am came from Lansing, Michigan. Everything I will be came from Lansing, Michigan." Detroit Free Press

April 27, 2015 Updates

Klay Thompson's three-point shooting is far from average, and a rookie Kansas City area company is counting on the Golden State Warriors guard's deadeye accuracy to net sales of a high-tech virtual training camp and coaching sessions. Coming on the heels of the Warriors' first-round playoff sweep of New Orleans, wearable technology company ShotTracker Inc. unveiled a multi-year partnership and endorsement deal Monday with Thompson. Financial details of the deal weren't disclosed. Upstart Business Journals

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