Moag and Company Sports Notes (02 November 2018)

Date: Nov 2018

Trivia

What NBA team was the first to win the NBA finals 3 or more years in a row?

Last Week’s Answer:  The 1904 World Series was boycotted by the New York Giants so the second World Series was played in 1905. Ironically, it was won by the same New York Giants who boycotted the 1904 Series. They beat the Philadelphia Athletics 4 games to 1.

Football:

Caesars Entertainment has "signed a 15-year agreement" to be the first founding partner of the Oakland Raiders' $1.8B Las Vegas stadium, according to the Las Vegas Review-Journal. Terms of the deal "weren't disclosed." As a founding partner, Caesars will "host a branded stadium entrance and drop-off zone, digital signage, media, radio and print assets in addition to alumni, player and cheerleader appearances." The partnership is the "first Raiders deal with a gaming and hospitality company and will give Caesars customers and members of their Total Rewards loyalty club access to exclusive experiences." Fans will have "access to the customized Caesars-branded owners suite at the 50-yard line of the Las Vegas stadium, VIP dinners on the field, training facility events, fantasy camp participation, stadium tours and tickets to home games and most stadium events. The deal is the "fifth announced alliance" between casino companies and NFL teams.

NFL ownership most likely would "support a move of the Jacksonville Jaguars to London" if team Owner Shahid Khan "wants to do it," according to PROFOOTBALLTALK.com. But it is "unknown" whether Khan actually wants to do it. There is a chance he "wants to have a split schedule between Jacksonville and London, playing more games in England and making more money than he makes playing games in Florida." The league would likely "support that approach as well, because the thinking is that, if the Jaguars don’t move to London, there’s no other current candidate to relocate to a location outside the U.S."

Baseball:

The Boston Red Sox claimed their fourth World Series championship under John Henry's ownership stewardship, and this latest title has "redefined this franchise and set the Red Sox apart as the championship team of the analytic era," according to The Athletic. The Red Sox' 4-1 win over the Los Angeles Dodgers came with the team possessing a "massive payroll, exceeding the game's highest luxury tax threshold" of $237M. Henry said, "We've invested in this club. And so, my hats off tonight to my partners who have never complained. I mean, we really invested this year and went beyond where we probably should have financially. ... You can't do it all the time, but we were missing one piece this year, it was over our budget, and we went out and did that." Red Sox President & CEO Sam Kennedy credits winning four titles in 15 years due to a "mindset" among ownership and the front office. Kennedy: "John Henry, [Chair] Tom Werner, (former President & CEO) Larry Lucchino deserve the credit for changing the mindset and the culture that winning is possible, and winning in Boston is possible." The Red Sox ownership group "created the Red Sox Foundation, strengthened the organization's commitment to the Jimmy Fund, tackled the thorny, racial legacy of Yawkey Way, and renovated Fenway Park to embrace the quirks of baseball's oldest and smallest ballpark." Additionally, instead of deciding to "abandon The Green Monster, they put seats on top of it".

Basketball:

Authorities from Alameda County (Calif.) said that the Golden State Warriors were "ordered to pay" roughly $40M for renovations at Oracle Arena, which they will be leaving at the end of the season, according to the AP. The Oakland-Alameda County Coliseum Authority took out a $150M bond in '96 for basketball renovations that the team "agreed to help finance with annual payments." However, the Warriors said that their debt obligation "ends when they terminate their lease" and leave Oakland for S.F. and the new Chase Center at the end of the season. Arbitrator Rebecca Westerfield ordered the team to "continue making payments" until the bond is paid off in '27. The Warriors "make annual payments" of about $7.5M to the authority. The authority's decision was a "major victory for the city and county," which are still saddled with nearly $80M in renovation costs at the Oakland-Alameda County Coliseum for the Raiders, for which the team is "not obligated to pay, even when they leave for Las Vegas." Oracle Arena "will not have a long-term tenant" come the '19-20 NBA season. There are "no plans to tear it down and it will continue to host concerts and other events".

Other:

Two competing stadium ballot measures are making their final pitches to San Diego voters before Election Day. Measures E and G would both tear down SDCCU Stadium and build a new stadium for San Diego State, a potential MLS expansion team or both. If voters approve both plans, the measure with the most votes wins. Measure E is backed by FS Investors, a group that wants to build a $250M, 33,500-seat privately financed stadium and bring in an MLS team. The soccer stadium would be part of a larger $4B SoccerCity San Diego entertainment district and real estate development. Former USMNT member Landon Donovan and Univision Deportes President Juan Carlos Rodriguez are part of the SoccerCity group. “We have the ability to do something here that no other city can do,” said Donovan. Its rival, Measure G, is backed by San Diego State as part of a potential $3B university expansion. “We really believe in the expansion of the campus and what that does for the community,” said campaign spokesperson Katy Temple. The San Diego Regional Chamber of Commerce backs Measure G, which would have the city sell the 132-acre stadium site to the SDSU. The school would then pay for and build a new $250M, 35,000-seat venue. The stadium land is valued between $73.8-83M. SDSU estimates it will cost $300M to buy the land and get the site ready for development.

Initial bids on the 22 Fox RSNs that were sold to Disney are due on Nov. 8, and potential suitors "include private-equity firms" Apollo Global Management, Blackstone Group, KKR & Co. and Providence Equity Partners, according to the Wall Street Journal. A source said that private-equity firm Silver Lake is "looking at the networks in partnership with its portfolio company," Endeavor. Sinclair Broadcast Group also has said publicly that it is "interested in the channels." Sources confirmed a report that Fox also is "considered a serious contender for the sports channels." Meanwhile, sources said that Ice Cube has "emerged as the face of one bid, teaming up with investors from his 'Big 3' basketball league and others in a minority-owned conglomerate." Sources noted that a number of sports-team owners are "considering submitting offers for channels in their specific markets." Tech companies are "also in the mix." Guggenheim Securities valued the RSNs at $25B, but some likely bidders and industry observers said that they are "more likely to fetch" $16-20B, "depending on how they are packaged and sold." Disney’s acquisition of the Fox assets is "expected to close" in the first half of '19.

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