December 23, 2022

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Arch Manning, the No. 1 recruit in the country, recently committed to the University of Texas. The third generation of a family dynasty of NFL quarterbacks, Manning has an NIL valuation [[link removed]] of $3.5 million — the highest of any football player, high school or college — according to On3.

Media Netflix Taps Nike for Fitness Move [[link removed]]

Nike

Netflix is hoping to get you off the couch.

The streaming platform is adding [[link removed]] fitness classes to its library on Dec. 30, shortly before countless exercise-related New Year’s resolutions kick in.

Netflix is teaming up with Nike Fitness Club, the apparel brand’s workout class and goal-setting platform. The streaming giant will start with five types of classes, including kickboxing, Vinyasa yoga, and core training. Netflix will release 90 workouts, totaling 30 hours of fitness content, in two batches.

The move puts Netflix in competition with other giants with fitness programming, such as Peloton and Apple.

The success of the program will likely inform whether Netflix invests in future fitness content, whether with Nike or produced in-house.

Sports Doc Checkup

While Netflix has still not found a match in a live sports market it deems too expensive, it has grown its sports docuseries programming.

On Jan. 13, it will release its latest collaboration with “Drive to Survive” producer Box to Box, a tennis-focused series called “Break Point.”

The streamer is also working with the PGA Tour on a golf series.

Netflix co-CEO Ted Sarandos explained [[link removed]] earlier this month why the company has yet to invest in live sports, noting that “we’ve not seen a profit path to renting big sports.”

“We’re not anti-sports,” he added. “We’re just pro-profit.”

Real Estate Teams Scoring Billions in Public Funds for New Stadiums, Renovations [[link removed]]

Kirby Lee-USA TODAY Sports

Sports teams looking for new homes could one day face a different financial landscape, but for now many are cashing in on public funds.

Since 2000, professional sports teams have secured [[link removed]] $4.3 billion in public funds for stadiums and arenas, with more on the way, per CNBC. A separate source [[link removed]] put the figure at an inflation-adjusted $27 billion since 1990.

The Tennessee Titans future domed stadium is estimated to cost $2.1 billion, with Nashville providing $500 million in direct payments and $760 million through revenue bonds. State and local governments agreed to cover $850 million of the coming $1.4 billion Buffalo Bills stadium. The Oakland A’s have agreed to privately fund a new $1 billion stadium and surrounding $12 billion waterfront development, provided that Oakland can secure state and federal funding for infrastructure improvements beyond the $279.5 million already in the state budget.

Major League Baseball commissioner Rob Manfred has sought to maintain a precedent of all new stadiums receiving public contributions.

Is it Worth It?

Studies have found that taxpayers do not recover the amount they give up through increased revenue, tourism, and other sources.

An analysis of 130 studies on the economic impact of sports teams and venues found that they “are not associated with having strong economic impacts on local communities.”

Las Vegas officials claim to be on the way to recovering their $750 million investment in the $1.9 billion Allegiant Stadium.

Legislation to bar public funding for stadiums has been introduced in the last two sessions of Congress but has yet to become law.

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Athletes 10 Highest-Paid Female Athletes Bank Record Amount in 2022 [[link removed]]

Robert Deutsch-USA TODAY Sports

As women’s sports grow, so are the athletes’ pockets.

For the first time since Forbes’ highest-paid female athletes ranking [[link removed]] began in 2008, more than seven women made at least $10 million — boosting the total amount made before taxes and agents’ fees by the 25 highest-paid female athletes to $285 million in 2022.

Of the total, the top 10 accounted for a record $194 million — a 17% increase from last year’s $167 million. Of the top 10 highest-paid female athletes, seven play tennis.

Naomi Osaka took the top spot for the third consecutive year with $51.1 million in earnings, followed by fellow tennis star Serena Williams ($41.3 million), and 19-year-old skier Eileen Gu ($20.1 million).

No. 4: Emma Raducanu (tennis), $18.7 million No. 5: Iga Świątek (tennis), $14.9 million No. 6: Venus Williams (tennis), $12.1 million No. 7: Coco Gauff (tennis), $11.1 million No. 8: Simone Biles (gymnastics), $10 million No. 9: Jessica Pegula (tennis), $7.6 million No. 10: Minjee Lee (golf), $7.3 million

Gu, Raducanu, Świątek, and Gauff are all newcomers to the list.

Tennis players Caroline Garcia and Garbińe Muguruza tied at No. 24 with $5.2 million in earnings.

Team Trends

Individual sports continue to dominate — 12 tennis players and seven golfers made the top 25.

Biles and Gu were the only gymnasts and skiers on the list. One badminton player (P.V. Sindhu), one basketball player (Candace Parker), and two soccer players (Megan Rapinoe and Alex Morgan) rounded out the list.

Commerce Qatar World Cup Fans Spent Almost 40% More Than in 2018 [[link removed]]

Yukihito Taguchi-USA TODAY Sports

The unforgettable 2022 FIFA World Cup was a hit among viewers across the world — and the cash spent at its host stadiums suggests that it resonated with fans as well.

Argentina’s win over France after a 3-3 draw that went to penalty kicks was the end to a month-long tournament that saw fans spend more cash than the last edition of the World Cup.

Fans spent [[link removed]] 39% more on in-stadium purchases than the 2018 World Cup in Russia, according to data from Visa — the tournament’s official payment provider. Only Visa-branded cards were accepted for in-stadium purchases during the tournament across its eight stadiums in Qatar. Fans from the U.S., Saudi Arabia, the United Arab Emirates, Mexico, and the U.K. spent the most money at the World Cup. The iconic final generated the most spending of any game.

FIFA stands to see more spending at the 2026 World Cup as it will expand from 32 teams to 48.

The spending has already resulted in favorable results for soccer’s governing body. FIFA reported [[link removed]] $7.5 billion in revenue for the 2019-22 commercial cycle — $1 billion more than it budgeted. The governing body projects to earn $11 billion for the 2023-26 commercial cycle.

Fans at Home Spending, Too

The World Cup final generated [[link removed]] 7.9 million geolocation transactions — making it the second most wagered-on on sports final in 2022 behind only Super Bowl LVI, according to GeoComply.

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Conversation Starters Did you ask for an epic football game for Christmas? Stream the NFL on CBS live and catch the Denver Broncos vs. the Los Angeles Rams at 4:30 p.m. ET on Paramount+ [[link removed]].* The future 12-team College Football Playoff is expected to elevate the relevance of New Year’s Six Bowls, but fans still appear interested [[link removed]] in non-New Year’s Six Bowls, if television ratings are any indication. Pittsburgh head coach Pat Narduzzi says that he’s heard two schools offered [[link removed]] North Carolina quarterback Drake Maye $5 million to transfer. Narduzzi won’t reveal the schools. Today's Action

NFL

01:00 PM

Giants (+165) at Vikings (-195)

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08:08 PM

Avalanche (-115) at Predators (-105)

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NBA

09:00 PM

Trail Blazers (+165) at Nuggets (-195)

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*All times are EST unless otherwise noted.

*Odds/lines subject to change. T&Cs apply. See [[link removed]] for details.

Question Of The Day

Have you ever bet on an off-major sport?

Yes [[link removed]] No [[link removed]] Not yet, but I would [[link removed]] N/A (I don't bet on sports) [[link removed]]

Thursday’s Answer

48% of respondents plan on taking a luxury vacation in the next 12 months.

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