The sports generate a ton of revenue though. Some of it goes back to athletes via facilities, travel, equipment, training resources, but a lot is infrastructure & salaries for a bureaucracy whose #1 purpose is self sustenance.
Sort of. In 2019 the total revenue was $18.9B for every NCAA school, but only 25 schools had revenue that exceeded expenses.
It is not a profitable endeavor really. And even that total revenue annually is less than my employer earns in a quarter. Apple‘s revenue last year was $274B. People who think college sports is big business need to put it in perspective. Pfizer estimates $26B just from its Covid vaccine.
So who will they play against? Can't believe they didn't figure that out before announcing the formation of this.Efton Reid turned down the Overtime Elite league because they plan to play against prep schools | Zagsblog
By ADAM ZAGORIA Five-star center Efton Reid […]www.zagsblog.com
Five-star center Efton Reid turned down the Overtime Elite league in favor of attending college at LSU because the new professional league plans to play against prep school opponents in its inaugural season in 2021-22, Reid’s mother told ZAGSBLOG.
“Sure they offered but Efton decided to go to college because he did not want to repeat playing prep leagues again,” Reid’s mother Maria said. “He did that at IMG [Academy] and did not want to repeat another year playing against prep schools. He wants to play against the next level college ball.”
[...]
“We did a zoom call and they said he would be playing against prep schools,” Maris said. “Efton declined.”
It’s unclear which prep schools teams would be willing to play against a team comprised of professional players as it might compromise the eligibility of the prep school players.
I don’t get the competition. They call it a league but it’s a team. What do they do when no one signs up?
I initially thought it was going to be its own little league. Instead its KO's Traveling All Stars. They should do the Marathon Oil thing and play exhibition games vs college teams.
Unless the NCAA changes some rules they can't play NCAA teams. Maybe NAIA teams? Not sure of their rules.
If they can't play "true" amateur teams this whole thing seems pointless. Just another way to funnel young talent away from colleges I guess.
The ratings decline is due in large part because the market is flooded. The league has focused on growing the fan base outside the US.
Yeah, because he has never displayed hard work paying off at any level, has he?
That’s some spin. They lost their home market beyond a niche group of hardcore viewers. They bit the hand that fed them with woke BS while trying to cater to communist China. What Jordan built LeBron burned to the ground.
It is not spin, it is reality. Their market clearly is huge and growing. Would they like more than 2.5 million viewers per game in the US? Yeah. But the US is a drop in the bucket compared to the world.
Not in the aggregate they are not. NBA TV Ratings Grow Internationally During Seeding, Playoff Games (forbes.com)
Sorry, they are not paying they ridiculous salaries based on US dollars- A bench player getting 15 mill per year.
Foreign revenue is around 450 million vs US of 2.6 billion. This number is not decreasing as many contracts about about to renew. I would say roughly 20 percent of revenue is not tiny.
Accupuncture for pain relief.
The glamor is being featured on the Overtime Elite Snapchat highlights. Sounds incredibly stupid because it is but that’s what drives kids these days.
