Overtime Elite

[FriarJ]

Public Service piece here. From the thread I got locked I realized there was some confusion about Overtime Elite. Overtime Elite has two programs. One where players are paid by OTE ($100k) and are not eligible for college. There is another group of players who do not take the money, (Daquan Davis) who for them it’s a year of HS and they are still eligible to attend college on a scholarship. This is accomplished through Xceed Prep. Academy

 

[bfs3]

Public Service piece here. From the thread I got locked I realized there was some confusion about Overtime Elite. Overtime Elite has two programs. One where players are paid by OTE ($100k) and are not eligible for college. There is another group of players who do not take the money, (Daquan Davis) who for them it’s a year of HS and they are still eligible to attend college on a scholarship. This is accomplished through Xceed Prep. Academy

You’re still my favorite friar.

 

[aburks41]

 

[Mooch82]

Jahki Howard in that program as well.

 

[HuskyHawk]

I'm still kind of astonished that something like this, which seemed ill-designed, and which featured Kevin Ollie, ended but being successful.

 

[WhereistheDove?]

I'm still kind of astonished that something like this, which seemed ill-designed, and which featured Kevin Ollie, ended but being successful.

I think it’s still pretty unclear whether it’s successful as a business. Still very early days and may very well be burning cash.

I’m still totally unclear what their plan is to generate sustainable revenue, especially since G League is a similar path for top prospects but with better competition and coaching. I just genuinely don’t understand how they turn this model into something that enough people want to watch.

 

[Deleted at users request]

I think it’s still pretty unclear whether it’s successful as a business. Still very early days and may very well be burning cash.

I’m still totally unclear what their plan is to generate sustainable revenue, especially since G League is a similar path for top prospects but with better competition and coaching. I just genuinely don’t understand how they turn this model into something that enough people want to watch.

Overtime itself has a huge following on socials. I guess they just transferred that following into eyes elsewhere?

I’m honestly not sure just a guess. But generation Z watches overtime more than they do ESPN.

 

[BlueMAB]

 

[runner11]

It definitely sucks for college basketball as a whole - between Buzelis, the Thompson twins, Scoot, Jalen Green, etc. a lot of the best prospects are no longer joining the fold. But at least they aren't going to Duke/UK. It seems the proof is in the pudding. These kids are developing very well and just as Bouk provided us momentum in recruiting, more and more kids will skip college.

 

[FriarJ]

I think it’s still pretty unclear whether it’s successful as a business. Still very early days and may very well be burning cash.

I’m still totally unclear what their plan is to generate sustainable revenue, especially since G League is a similar path for top prospects but with better competition and coaching. I just genuinely don’t understand how they turn this model into something that enough people want to watch.

I never thought it would succeed. However, the brothers being taken in the lottery doesn’t hurt.

 

[HuskyHawk]

I think it’s still pretty unclear whether it’s successful as a business. Still very early days and may very well be burning cash.

I’m still totally unclear what their plan is to generate sustainable revenue, especially since G League is a similar path for top prospects but with better competition and coaching. I just genuinely don’t understand how they turn this model into something that enough people want to watch.

Totally fair. I meant, it did get some good players and did put them in the NBA. So it had at least that level of success.

 

[WhereistheDove?]

Overtime itself has a huge following on socials. I guess they just transferred that following into eyes elsewhere?

I’m honestly not sure just a guess. But generation Z watches overtime more than they do ESPN.

Don't disagree with you at all. From looking around, that following hasn't quite translated to their OTE socials, and presumably their business plan heavily relies on monetizing that social media content (I know an individual on here has been pushing that players effectively sign away a portion of their future pro earnings, but I have seen nothing to actually corroborate that and it really doesn't make any sense). I very well could be totally missing something, but doesn't really feel like a huge business success so far.

I never thought it would succeed. However, the brothers being taken in the lottery doesn’t hurt.

Totally fair. I meant, it did get some good players and did put them in the NBA. So it had at least that level of success.

Definitely doesn't hurt and I'm not suggesting they won't continue to get some good players, I'm just not sure what the value proposition is for these players that is better than G League Ignite. Not sure if they're just selling the Overtime connection and using that to build your social media brand as the differentiator.

 

[Deleted at users request]

Don't disagree with you at all. From looking around, that following hasn't quite translated to their OTE socials, and presumably their business plan heavily relies on monetizing that social media content (I know an individual on here has been pushing that players effectively sign away a portion of their future pro earnings, but I have seen nothing to actually corroborate that and it really doesn't make any sense). I very well could be totally missing something, but doesn't really feel like a huge business success so far.


Definitely doesn't hurt and I'm not suggesting they won't continue to get some good players, I'm just not sure what the value proposition is for these players that is better than G League Ignite. Not sure if they're just selling the Overtime connection and using that to build your social media brand as the differentiator.

This is actually a pretty good article on their business model.

After Successful Inaugural Season, Overtime Elite Wants To Keep Forging Alternative Path To Pro Basketball

Boasting partnerships with Gatorade, State Farm and Meta as well as growth across its social media platforms, Overtime Elite is poised to continue to disrupt the sports industry by relating to the coveted Gen Z audience.

www.forbes.com

I have no idea how much they are successful business wise, but if they were I’d guess they generate their money from socials, ticket sales, and partnerships while being able to save money by not having to market things outside of socials. Which is free and they do better than anyone in the sports industry.

Have no idea if that’s actually enough to pay for places to play, employees, players, employees, etc.

According to the article they’ve turned down offers for their rights package. They’re also taking a page out of Lavar Ball’s league with this one too.

Heading into Year 2, Overtime Elite plans to expand roster sizes with the hopes of bringing its teams overseas to play international competition in order to give players more exposure while increasing competition. Iron sharpens iron.

OTE planned to play abroad in 2021, but concerns over the Omicron variant halted any international travel. With a desire for a more robust and stronger competitive schedule for the players on the court and the cultural experiences and bonding off it, Overtime Elite is excited to take its talents overseas whether that’s France, Spain, Eastern Europe or Asia—even if that means creating an international tournament for other countries to come to.

 

[Fishy]

I'm still kind of astonished that something like this, which seemed ill-designed, and which featured Kevin Ollie, ended but being successful.

They’re spending VC cash right now.

Check back when that’s gone.

 

[WhereistheDove?]

This is actually a pretty good article on their business model.

After Successful Inaugural Season, Overtime Elite Wants To Keep Forging Alternative Path To Pro Basketball

Boasting partnerships with Gatorade, State Farm and Meta as well as growth across its social media platforms, Overtime Elite is poised to continue to disrupt the sports industry by relating to the coveted Gen Z audience.

www.forbes.com

I have no idea how much they are successful business wise, but if they were I’d guess they generate their money from socials, ticket sales, and partnerships while being able to save money by not having to market things outside of socials. Which is free and they do better than anyone in the sports industry.

Have no idea if that’s actually enough to pay for places to play, employees, players, employees, etc.

According to the article they’ve turned down offers for their rights package. They’re also taking a page out of Lavar Ball’s league with this one too.

Heading into Year 2, Overtime Elite plans to expand roster sizes with the hopes of bringing its teams overseas to play international competition in order to give players more exposure while increasing competition. Iron sharpens iron.

OTE planned to play abroad in 2021, but concerns over the Omicron variant halted any international travel. With a desire for a more robust and stronger competitive schedule for the players on the court and the cultural experiences and bonding off it, Overtime Elite is excited to take its talents overseas whether that’s France, Spain, Eastern Europe or Asia—even if that means creating an international tournament for other countries to come to.

It's a fascinating case study. My guess is they're flush with venture funding right now and burning through that based on OTE's relatively small social media following and pretty high level of investment. It's an interesting parallel to LIV in golf right now. With these new leagues, you need to find a way for fans to give a s*** about the teams for it to work and that's REALLY hard to do when there are so many entrenched market participants that already have that. I'm skeptical but will be interesting to watch either way.

 

[huskiesNhoos]

They’re spending VC cash right now.

Check back when that’s gone.

I'm on my 3rd startup company...I can tell you how that goes

 

[HooperScooper]

I'm on my 3rd startup company...I can tell you how that goes

 

[Rich]

I'm still kind of astonished that something like this, which seemed ill-designed, and which featured Kevin Ollie, ended but being successful.

The Thompson Twins will have a lot to say about OTE's deemed relative success or failure.

 

[FriarJ]

Don't disagree with you at all. From looking around, that following hasn't quite translated to their OTE socials, and presumably their business plan heavily relies on monetizing that social media content (I know an individual on here has been pushing that players effectively sign away a portion of their future pro earnings, but I have seen nothing to actually corroborate that and it really doesn't make any sense). I very well could be totally missing something, but doesn't really feel like a huge business success so far.


Definitely doesn't hurt and I'm not suggesting they won't continue to get some good players, I'm just not sure what the value proposition is for these players that is better than G League Ignite. Not sure if they're just selling the Overtime connection and using that to build your social media brand as the differentiator.

I agree, I get why players that are going to college want to go there. Train to be in the pros. The ones being paid? Not sure of the difference. Of course I also can’t tell you why G-League is better.

 

[FriarJ]

It's a fascinating case study. My guess is they're flush with venture funding right now and burning through that based on OTE's relatively small social media following and pretty high level of investment. It's an interesting parallel to LIV in golf right now. With these new leagues, you need to find a way for fans to give a s*** about the teams for it to work and that's REALLY hard to do when there are so many entrenched market participants that already have that. I'm skeptical but will be interesting to watch either way.

Well, the guy in charge of recruiting players to OTE (he recruited the Thompson twins) is now an assistant at PC. That may speak to how he sees it going. I have no idea how much we are paying him and he has star recruiter written all over him. But, he was the main guy and he left to take an assistant job in the BE, with an unproven coach. There is a lot to read into there.

 

[Deleted at users request]

The Thompson Twins will have a lot to say about OTE's deemed relative success or failure.

From the looks of things so far, the Twins are the real deal. They’ll probably be the 3rd and 4th best players in the draft at minimum. They look to be on the same level as Scoot.

 

[Fishy]

Overtime Elite is like Calipari's Kentucky.

If you're an NBA player coming in, hopefully you're one on the way out. If you're not an NBA player coming in, you're not becoming one there.

As the NBA scout dude said in The Athletic; it's basically AAU ball and their players don't improve there.