SBD/May 16, 2013/People and Pop Culture

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  • 10 Years Later: Remembering Late IMG Founder Mark McCormack

    McCormack's clients included Golf HOFers Jack Nicklaus and Arnold Palmer

    IMG Founder MARK MCCORMACK died ten years ago today, and THE DAILY looks back at how he was remembered in the days after his death. The N.Y. TIMES' Frank Litsky wrote, "Before Mr. McCormack, athletes who made appearances and television commercials were customarily rewarded with watches or supplies of products or small amounts of money. Starting with the golfer ARNOLD PALMER, McCormack changed that. ... Palmer, his first full-time client, saw his annual income of $50,000 rise to $500,000 within three years and eventually to more than $10 million." The Cleveland PLAIN-DEALER's Susan Vinella wrote, "McCormack's belief that professional athletes should be generously paid as product pitchmen revolutionized the advertising industry." The BOSTON GLOBE's Jim McCabe wrote, "McCormack opened doors, started marketing trends, and made it fashionable to turn sports into big business." The COLUMBUS DISPATCH's Todd Jones wrote he was the "Pied Piper who led sports into the widespread commercialization that we now sometimes loathe but also take for granted. The corporate tent, for example, was an IMG creation." Former McCormack client JACK NICKLAUS told GOLF WORLD, "He's had more impact than probably anybody in the game from a business standpoint. He made golf a business." BUTCH BUCHHOLZ, Founder & Chair of the NASDAQ-100 Open, a tennis tournament owned and operated by IMG, told the AP, "Sports today is a multimillion-dollar business, and Mark McCormack had the foresight to make that happen during his life. Athletes, franchises, television executives and sports promoters all owe a debt of thanks to Mark McCormack for his contributions to the business." SPORTSBUSINESS JOURNAL also offered, "Through The Years With A Pioneer." In the piece, CBS Sports Group President SEAN MCMANUS said, "I don't think it's an overstatement to say that kind of like HENRY FORD and BILL GATES, Mark McCormack literally created and fostered and led an entirely new worldwide industry. ... I never had a conversation with him where I didn't learn something new." Former NBC Sports President KEN SCHANZER: "He is the original article. He represented people with elegance and with intensity and with intelligence and with sensibility for the entire time since he created the genre."

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  • Tax Records Show Mike Krzyzewski's '11 Compensation At Nearly $10M

    Duke Univ. basketball coach MIKE KRZYZEWSKI was "credited with nearly" $9.7M in compensation during the '11 calendar year, the "greatest single-year compensation total for a college coach" since '06, according to Steve Berkowitz of USA TODAY. A federal tax return shows that Krzyzewski received $1,978,401 in base pay, $5,642,574 in bonus and incentive compensation and $1,982,097 in retirement and other deferred compensation. He received $59,616 in "other reportable compensation such as family travel" and $19,344 in non-taxable benefits. Of Krzyzewski's $9,682,032 total '11 income, $775,000 was "reported as deferred compensation on a prior year's tax return or returns" (USA TODAY, 5/16). In Raleigh, Laura Keeley notes Krzyzewski's $9.7M compensation in '11 is "significantly more" than the $3.6M combined '11 pay of N.C. State Univ. AD DEBBIE YOW, basketball coach MARK GOTTFRIED and TOM O'BRIEN, the football coach at the time. Univ. of North Carolina basketball coach ROY WILLIAMS "made approximately" $1.7M in '11. Keeley writes it is "hard to compare salaries across public and private schools due to differences in accounting and reporting requirements" (Raleigh NEWS & OBSERVER, 5/16).

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  • Last Week To Purchase Tickets For SBA! Limited Seats Available

    Another full house is expected next Wednesday night, May 22, at the N.Y. Marriott Marquis at Times Square for the 6th annual Sports Business Awards. The event, which has become one of the most anticipated in the sports business industry, will feature the live, exclusive announcement of the winners in 15 categories, as well as a special Lifetime Achievement tribute to JERRY REINSDORF. Space is limited, but there are still tables and individual seats available to purchase. Do not miss out on one of the most talked-about events of the year. Reserve your seat now at www.Sports-Business-Awards.com or (704) 973-1400.

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  • Executive Transactions

    Universal Sports yesterday announced that CEO DAVID STERNBERG left the organization and has been replaced by SCOTT BROWN, who will serve as President of the Olympic and endurance sports network. Brown joined Universal Sports in '11 as Senior VP & General Counsel. Prior to that, he worked in legal affairs at Fox Cable Networks. He will report to PETER KERN, Managing Partner at InterMedia Partners, which is the majority owner of Universal Sports (Tripp Mickle, Staff Writer).

    EXECS: In N.Y., Bart Hubbuch cites sources as saying that NFL Jets Assistant GM SCOTT COHEN and Dir of Football Administration ARI NISSIM have both been told "their contracts are not being renewed." Neither dismissal is "a surprise." Former NFL Cardinals GM ROD GRAVES is "expected to be hired shortly in a yet-to-be-decided capacity" (N.Y. POST, 5/16)....KemperLesnik named AHL Chicago Wolves VP/Business Development CURT GRUBER VP/Sports & Event Marketing (KemperLesnik)....The Dolphins promoted Senior Dir of Media Relations JASON JENKINS to VP/Communications (Dolphins)....The NFL Cardinals promoted college scout DRU GRIGSON to Dir of College Scouting, Assistant Dir of Pro Personnel QUENTIN HARRIS to Dir of Pro Scouting and scouting assistant JOSH SCOBEY pro scout. In addition, the team named TERRY MCDONOUGH Eastern Regional Scout, JOHN MANCINI Midwest Regional Scout and DEBBIE POLLOM College Scouting Dir. The Cardinals also named GLEN FOX and DARIUS VINNETT scouting assistants (AZCENTRAL.com, 5/13)....Good Sports named TD Garden President AMY LATIMER to its BOD (Good Sports).

    Do you have an executive announcement? If so, please send to: editorial@sportsbusinessdaily.com.

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  • Names In The News

    Saunders' support of the naming-rights deal led in part to her departure

    FAU President MARY JANE SAUNDERS is resigning, citing the "fiercely negative media coverage" the school received in the wake of the naming-rights controversy with GEO Group. Her resignation "takes effect in 90 days." FAU has been "rocked by unwanted national attention this year," as the school's Board of Trustees in February "ignited a firestorm" by accepting a pledge of $6M over 12 years from GEO Group in exchange for the naming rights to FAU's football stadium. A group of students and others "protested, criticizing the Boca Raton-based prison contractor's human rights record at facilities it manages" (PALM BEACH POST, 5/16). FAU is "looking for a new leader -- and a new public image -- after a series of controversies prompted" Saunders to step down (South Florida SUN-SENTINEL, 5/16).

    COURT REPORT: Freeh Group Int'l Solutions, owned by former FBI Director LOUIS FREEH, will "oppose Browns owner JIMMY HASLAM's family business, Pilot Flying J, in litigation over Pilot's rebate program" (Cleveland PLAIN DEALER, 5/16). Meanwhile, Alabama-based Osborn Transportation has sued Pilot Flying J, claiming that Haslam's employees were instructed "how to defraud trucking companies." The suit claims losses of more than $75,000 and is the sixth federal lawsuit filed over Pilot Flying J's rebate program (CLEVELAND.com, 5/15).

    BOOKSHELF: Basketball HOFer PHIL JACKSON's new memoir, "Eleven Rings: The Soul of Success," will be available next Tuesday. Jackson "often refused to compare KOBE BRYANT to MICHAEL JORDAN, but he does so on several occasions in his new book, co-written with HUGH DELEHANTY and published by Penguin Press" (L.A. TIMES, 5/16)....MLS Sporting KC G JIMMY NIELSEN “opens up about his gambling addiction as well as his professional soccer career” in his autobiography, “Welcome To The Blue Heaven: Don’t Bet Against The Goalkeeper,” co-written by PAOLO BANDINI (K.C. STAR, 5/16).

    NAMES: CBS President & CEO LESLIE MOONVES is featured in USA TODAY’s "Innovators and Icons," saying his favorite app is MLB At Bat. His MLB At Bat and ESPN ScoreCenter apps are “opened often.” Moonves: “I’m a big baseball fan.” The Dodgers and Mets are his teams, but he added, “When I got rich, I became a Yankees fan” (USA TODAY, 5/16)....Kraft Group reps recently “attended one of a series of presentations for potential bidders and investors” in the Boston Globe (PROVIDENCE JOURNAL, 5/16)....Grizzlies Owner ROBERT PERA is “back to being one of the youngest billionaires in the world, less than a year after falling out of the ranks of the wealthiest last June” (FORBES.com, 5/14)....Golf HOFer ARNOLD PALMER last night was the honorary chair of the Francis Ouimet Scholarship Fund Banquet in Boston. Palmer was joined by golfer PETER JACOBSEN, Golf Channel host RICH LERNER and author MARK FROST (BOSTON HERALD, 5/16)....The WNBA Fever will “serve as the grand marshals” of the 56th annual IPL 500 Festival Parade on May 25 (INDYSTAR.com, 5/15)....Agent SCOTT BORAS is listing his “luxury condo” at The Plaza in Irvine, Calif., through his wife JEANETTE. Boras is asking $1.95M for the 2,685-square-foot condo (REALTOR.com, 5/14)....AHL Norfolk Admirals coach and former Blackhawks coach TRENT YAWNEY has listed his five-bedroom, 4,000-square-foot home in Park Ridge, Ill., for $1.1M (CHICAGOTRIBUNE.com, 5/16).

    IN MEMORY: Former Royals Dir of Broadcast Services & Royals Alumni FRED WHITE yesterday “died of complications from melanoma” at the age of 76. His death came “one day after he officially retired from the club following a 40-year association.” There are “no details at this time regarding funeral arrangements” (K.C. STAR, 5/16).

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  • Wanted: Readers Asked To Submit Memories About SBD, SBJ For Anniversary Issue

    We need to hear from you because we need your stories. For what? Well, for our anniversary issue that will hit this December. A few months ago, we told you that we are planning a special issue devoted to 20 years of sports business -- more specifically, a celebration of 20 years of publishing for SportsBusiness Daily and 15 years for SportsBusiness Journal. In a stand-alone issue that you will receive on Monday, Dec. 9, we will chronicle the history of the publications, as well as other major milestones and stories that have had an impact on the sports industry over this time. I’m sure there are some of you out there, the diehards, who recall when SportsBusiness Daily would jam up your fax machine around noon when we first began to publish -- our first issue was Sept. 12, 1994. Others remember when the first issue of SportsBusiness Journal came across your desk during the week of April 27, 1998.

    As SBD prepares to turn the page on its 20th year of publishing in '14, and SBJ moves into its 16th year, we are making a request to readers of both publications. We’re asking you to delve deep into your memory bank and share your stories with us -- your first recollections of the publications, specific ways that you would use the products or the information and what role the publications have played in your professional lives. As we plan out our special issue, we’ll be looking back through the years at the people who have made key contributions to the products, the publishing process and the role SBD and SBJ have had in helping inform executives in sports. So a call out to both longtime diehards and new subscribers: If you’re interested in sharing your stories, your thoughts and recollections on these publications, let me know. I’ll be working closely with SBJ Managing Editor Ross Nethery (rnethery@sportsbusinessjournal.com) and we would love to have you be a part of our special issue.

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