HoopsHype Business rumors

September 22, 2014 Updates

The local start-up company that offered LeBron James a small financial stake in the firm if he returned to the Cleveland Cavaliers last summer admits the offer was a "PR stunt." But the president for Ohio City app maker Phenom said the company still intends to formally offer James a one-percent stake in the business, first promised in the run-up to James' announcement that he was indeed returning to the Cavaliers via free agency on July 11. Cleveland Plain Dealer

The company's offer was reported by Crain's Cleveland Business in July. "It was more of a PR stunt for us than anything, it got us in the Washington Post and on HoopsHype(.com)," Phenom president Mike Eppich told the Northeast Ohio Media Group. "Once we release a few more features for our app, we're going to approach him. We have the document (offer) written up and ready to go." Cleveland Plain Dealer

September 19, 2014 Updates

A larger-than-life LeBron James will again tower over downtown. The city's planning commission approved artwork on Friday for a 10-story-high banner of the NBA superstar, his arms outstretched and "Cleveland" across the back of his jersey. It will hang across the street from Quicken Loans Arena, home of the Cavaliers. The Nike-sponsored banner is similar to the black-and-white "Witness" that adorned an outside wall of Sherwin-Williams Co.'s headquarters for years. It was removed after James left for the Miami Heat in 2010. The new banner is expected to be installed before the Cavs' home opener on Oct. 30 against New York. ESPN.com

On the other hand, Mr. Buyer said the NFL plans a bigger push this year for G.I. Joevember. He didn’t specify what the bigger push would involve, but it can’t be good. Other tidbits from Mr. Buyer included the following: The NBA’s sleeved jerseys are not selling well. In general, jersey sales strongly correlate with winning — the better a team does, the more jerseys it sells. The big exception is Maryland football, whose jerseys sell regardless of how the team is performing. Uni-Watch.com

September 18, 2014 Updates

HARMAN International and the NBA announced a four-year partnership that will make HARMAN the official headphone, speaker and audio partner of the NBA, WNBA, NBA D-League and USA Basketball. The partnership will focus on HARMAN’s JBL brand. The deal presents a tremendous opportunity for JBL, a lesser-known commodity in a headphones space that is dominated by Beats Audio and Bose. HARMAN becomes the NBA’s first-ever marketing partner in the aforementioned categories, making it a slam dunk for the league. The Fields of Green

September 10, 2014 Updates

Patrick Rishe, a professor of sports business at Webster University, estimates the Hawks will go for more than $700 million, though probably less than $1 billion. He said the Philips Arena in Atlanta is a much newer and better facility than those in Sacramento and Milwaukee. Rishe also thinks that if the new owners can't solve the team's attendance problem before the current lease expires in 2018, the Hawks could move to an open market such as Seattle, Las Vegas or Kansas City -- although all of those are significantly smaller than Atlanta. Click On Detroit

TMZ Sports has learned NBA legend Dominique Wilkins is actively trying to become the next owner of the Atlanta Hawks. Multiple NBA sources tell us ... Dominique is "extremely interested" in becoming the next owner of the Hawks -- and has already been pre-approved for ownership by the NBA. TMZ.com

September 8, 2014 Updates

A final deal might not be signed or announced before the new season, but talks with ESPN and Turner are advanced enough that sources said there is little chance the NBA will carve out a third package for another network, like Fox Sports or NBC Sports. ESPN, in particular, has been adamant during negotiations that the NBA not develop a new package to sell to a competitive sports network, sources said. Sports Business Daily

September 5, 2014 Updates
September 4, 2014 Updates
September 3, 2014 Updates

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