Sports Business, Sports Law, Sports Negotiations, NCAA Rules
Yesterday it was reported that IMG Worldwide (IMG) Chairman and CEO Theodore J. (Ted) Forstmann passed away at 71-years-old. The cause of death was brain cancer. Forstmann will be remembered for his unique ability to invest in companies (including Dr Pepper and Topps), fix them up, make them immensely valuable, and then sell them to make…
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In 2004, Theodore (Ted) Forstmann became the Chairman and CEO of IMG for the small purchase price of $750 million. Forbes has determined that the 71-year-old Forstmann has a net worth of $1.8 billion. Unfortunately, there is no amount of money that can buy a clean bill of health. Earlier this year, Forstmann was diagnosed with…
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For a guard, Julyan Stone, has major issues shooting free throws (56.1% FT% in his senior season), but the University of Texas El Paso senior has shown progress in almost every other category over his collegiate career. Over-sized for his position, at 6’7, Julyan averaged 7.5 rebounds per game in 2010-11, but he also managed to…
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I am at Florida International Law School today speaking at the school’s first Sports Law Symposium. Later today, I will be boarding a cruise to the Bahamas for a much needed weekend of relaxation. Don’t be surprised if the posting at the beginning of next week is a little on the light side. Anyone headed…
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The following is a guest contribution from Dan Barto. Barto is the lead NBA trainer at IMG Academies in Bradenton, FL. He has worked with over 120 NBA players using his “Hybrid Training System” as well as coaching over 80 Division I basketball players. The son of a 30 year high school coach and having…
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Would there be any problem if I placed a bet on the outcome of tonight’s Phillies vs. Giants game? What if I had placed a bet on one of Clint Robinson’s (a client of mine) games this past regular season? Is there a difference between the two? Yesterday, I read a report that Ted Forstmann,…
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For eight years, action sports icon Shaun White has worked with agent Mark Ervin and IMG. This was a successful and lucrative pairing that saw White become one of the most recognizable faces in sports, but like they say, all good things eventually come to an end. Last week, White dropped Ervin for the services…
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If Dancing with the Stars, a crazy guy with a peephole, and ESPN share something in common – it’s Erin Andrews (EA). The longstanding relationship between her and the leader in sports, ESPN, may be coming to a close – this July, according to multiple sources. Currently, her camp, agent Babette Perry of IMG, is in negotiations…
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The sport of hockey has not seen a player as marketable as Wayne Gretzky in its history. The National Hockey League has been desperate for the right player(s) to come along and not just make the game more exciting, but also make it more marketable. Since 2005, the game has changed in such a way…
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The time has come. I have read article after article and received tweet after tweet about a couple of high profile lawsuits against the NCAA and Collegiate Licensing Company (one also includes Electronic Arts as a defendant), so it’s time to stop collecting tabs on my Firefox browser and address some of the issues involved…
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