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'Bathroom Bill' And The NBA: Players React To Charlotte Losing The All-Star Game
Monday, July 25, 2016 - 2:52pm | 597Last week, the NBA took a stand against what it sees as a discriminatory bill in North Carolina that limits transgender public restroom use. In response to the bill, the NBA has moved the location of the 2017 NBA All-Star Game out of Charlotte, North Carolina. “While we recognize that the...
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Was Nike In On Kevin Durant's Move To The Warriors?
Wednesday, July 6, 2016 - 9:44am | 286The news of Kevin Durant joining the Golden State Warriors over the weekend is almost certainly the biggest news this off-season. While critics have blasted Durant for "shopping" for a championship ring, there may be more to the decision. Nike Inc (NYSE: NKE) may have played a role in influencing...
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10 Biggest NBA Free Agent Contracts After League Increased Its Salary Cap By 34%
Tuesday, July 5, 2016 - 10:08am | 292The National Basketball Association and team owners are dishing out more money than ever on free agents following a massive hike in the salary cap. During the 2015–2016 NBA season, each team's salary cap stood at $70 million. Next season, the figure will jump to at least $94 million and...
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The Highest-Paid Athletes In The World
Tuesday, January 27, 2015 - 8:24am | 486The Washington Nationals signed former Cy Young Award-winning pitcher Max Scherzer to an astounding $210 million, seven-year contract last week. After a record-setting $50 million signing bonus is included, Scherzer’s contract is worth an average of $30 million per year. Incredibly,...
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Under Armour Is Looking To Cross Over Nike
Wednesday, August 27, 2014 - 1:25pm | 563Under Armour (NYSE: UA) is far from conservative. It's an aggressive and confident company that desperately desires to steal market share from Nike (NYSE: NKE). This is especially the case lately in the basketball sneaker market, which Nike has dominated for decades. The Jordan brand has...
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Foot Locker Reports Record Sales And Profits; Shoe Manufacturers Trade Higher
Friday, August 22, 2014 - 2:11pm | 391Foot Locker (NYSE: FL) reported its second quarter results Friday morning. The retailer earned $0.64 per share, topping analyst expectations. Revenue of $1.64 billion was $70 million higher than analysts expected. In a statement, Foot Locker's Chief Executive Officer Ken Hicks said that...
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5 Biggest Athlete Endorsement Deals Ever
Tuesday, August 12, 2014 - 1:58pm | 736News that NBA MVP Kevin Durant is close to inking a $325 million endorsement deal with Under Armour (NYSE: UA) has had tongues wagging on Wall Street. Securities lawyers debated whether the company would have to disclose the deal to shareholders under the “material events”...
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Durant Sparkling Ice Deal Prompts Questions About The Value Of Celebrity Endorsements
Wednesday, July 16, 2014 - 4:08pm | 855NBA star Kevin Durant’s recent deal to become spokesman for the zero-calorie drink Sparkling Ice raises, once again, the question of just how much value celebrity endorsements bring to a brand. One thing is clear, however. Although the terms of Durant’s deal with Sparkling Ice...
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3 ETFs For The NBA Finals (FAA, FRAK, PEJ)
Monday, June 18, 2012 - 3:09pm | 791The NBA Finals are in full swing with the Miami Heat holding a 2-1 lead over the Oklahoma City Thunder in the best-of-seven series. Game four is slated is for Tuesday night and game 5 will be played on Thursday. The burden now falls on the Thunder to win at least one of the next two games to force...