Rule 40 waivers in play for 2018 How IOC’s deals share the wealth Toyota goes deep with Team USA Will USOC sponsor losses cost athletes? Snowfall gives USSA some cool savings 24 Hour Fitness renews USOC sponsorship IOC aquires Olympedia database Gatorade’s NBA D-League a boon for R&D Utah looks at getting back into Olympic mix BMW turns to swimming
SBJ/July 30 - August 5, 2001/For The Record
FOR THE RECORD
Published July 30, 2001
MARKETING ANDLICENSING AGREEMENTS
The Antigua Group Inc. received apparel licenses for the 2001 PGA Championship and Ryder Cup. The deal will allow the Scottsdale, Ariz., company to produce and distribute apparel with logos from both tournaments.
Racing Champions, a collectibles and toys producer and manufacturer, extended its contract with Deere & Co. agricultural and construction equipment. Racing Champions will continue to produce its Ertl products, which are based on past and present models of Deere & Co. equipment.
ABC added an Arena Football League semifinal game to its television lineup Aug. 11. Brent Musburger, Gary Danielson and Lynn Swann will work both the semifinal and Arena Bowl XV, to be broadcast Aug. 19.
Cory Fleming, a wide receiver for the Nashville Kats of the Arena Football League, has launched his own Web site, www.coryfleming.com. The site, which was created by H. Neal Cook, will feature merchandise, appearance schedules and multimedia clips of the former University of Tennessee and Dallas Cowboy player.
Ona Karasa was named general manager of three Olympic Web sites. Karasa will be in charge of www.olympics.com, www.saltlake2002.com and www.nbcolympics.com, which are joint ventures of Olympics committees and NBC. The sites will be produced by MSNBC and promoted through MSN, the Microsoft Network.
The Houston Texans, the lone NFL expansion team in 2002, contracted FieldTurf to provide the surface for their domed practice facility. FieldTurf, a brand of synthetic surface made by the Dalton, Ga., company of the same name, will be installed by spring 2002.
iMage 500, a marketing firm based in Salisbury, N.C., was hired to promote and develop the National Sportscasters and Sportswriters Hall of Fame. The museum, which is also in Salisbury, was founded in 1959.
The Chameleon Gym was named the 2001 Nasdaq Sports Product of the Year. The product, created in 1998 by the Sporting Goods Manufacturers Association and the Super Show trade show, is a professional weight gym that emerges from a 7.8-square-foot corner closet.
Professional Sports Marketing, a McKinney, Texas-based company, will handle corporate sponsorship sales for the Long Drivers of America. Long Drivers of America, the sport's organizing body and producer of the annual Re/Max Long Drive Championship, agreed to a three-year contract.
MERGERS AND ACQUISITIONS
Gen-X Sports acquired First Team Sports Inc., a maker of in-line skates and hockey equipment, for $10.4 million. Stockholders of Anoka, Minn.-based First Team will receive $1.76 a share in cash. Gen-X Sports is a Canadian sporting goods supplier.
Huffy Corp. will buy the trademark and other assets of bicycle competitor Schwinn/GT Corp. for more than $60 million. Schwinn filed for bankrupcy protection, a move necessary for Huffy to buy the Boulder, Colo., bike maker.
Gary Player will play with Callaway golf clubs, balls and bag after signing an endorsement deal with the Carlsbad, Calif., company. Player has won 160 tournaments in his nearly 50-year professional golf career.
Culligan will be the official water sponsor for the Battle at Bighorn golf event to take place today. The televised event features Tiger Woods, David Duval, Annika Sorenstam and Karrie Webb in a team match-play format.
Globalstar USA/Caribbean will provide 15 satellite phones for official and medical use for the 2001 Subaru Gorge Games Adventure Race in Hood River, Ore. Globalstar will also rent the phones to spectators for $20 a day and $2.69 a minute.
Biz Colorsafe Bleach was named a sponsor for the American Bicycle Association's 2001 and 2002 BMX National Series. The sponsorship took effect at the ABA's June 15 Salt Lake City tour stop. Biz was also granted exclusive sponsorship rights for the series and was given the title sponsorship of the tour stop in Kettering, Ohio, held July 19-22.
Audi agreed to a multiyear contract to be the presenting sponsor of the estyle.com Classic, a Sanex WTA Tour event held annually at the Manhattan Country Club in Los Angeles.
Huffy Corp. (NYSE: HUF) reported a net income of $768,000, or 7 cents a share, on revenue of $86.9 million for the second quarter ended June 30. That compares with a net income of $4.5 million, 44 cents a share, on revenue of $122 million for the same period the previous year. Huffy reported a net income of $1.8 million, or 17 cents a share, on revenue of $168.1 million for the first half ended June 30. That compares with a net income of $3.4 million, or 33 cents a share, on revenue of $222.1 million for the same period the previous year.
Coastcast Corp. (NYSE: PAR) reported a net loss of $332,000, or 4 cents a share, on revenue of $32.2 million for the second quarter ended June 30. That compares with net income of $4.1 million, 54 cents a share on revenue of $46.7 million for the same period the previous year.Coastcast reported a net loss of $989,000, or 13 cents a share, on revenue of $59.5 million for the first half ended June 30. That compares with a net income of $7.1 million, or 92 cents a share, on revenue of $46.7 million for the same period the previous year.
Rawlings Sporting Goods Co. (Nasdaq: RAWL) reported a net income of $120,000, or 1 cent a share, on revenue of $42.8 million for the second quarter ended June 30. That compares with a net loss of $11.3 million, or 18 cents a share, on revenue of $46 million for the same period the previous year.Rawlings reported a net income of $5.7 million, or 71 cents a share, on revenue of $145.3 million for the first half ended June 30. That compares with a net loss of $9.7 million, or 58 cents a share, on revenue of $143.7 million for the same period the previous year.
K2 Inc. (NYSE:KTO) reported a net income of $2.3 million, or 13 cents a share, on revenue of $144.9 million for the second quarter ended June 30. That compares with a net income of $6.3 million, or 35 cents a share, on revenue of $161.8 million for the same period the previous year.K2 reported a net income of $5.5 million, or 30 cents a share, on revenue of $318.1 million for the first half ended June 30. That compares with a net income of $10 million, or 56 cents a share, on revenue of $346.9 million for the same period the previous year.
SPORTS AGENCY NEWS
Buy.com Tour golfers Tommy Biershenk and Steve Runge signed with management firm CSMG International. Kevin Canning, who works for the Chicago-based agency, will be their agent.
Robb Nelson, an agent for ProLine Management LLC, signed client Louis Williams, a rookie offensive lineman for the Carolina Panthers.
Philadelphia Phillies Charities Inc. and the Philadelphia Daily News hosted a rib-cooking contest July 14 before a Phillies game at Veterans Stadium. Proceeds from the event went to the Youth Golf & Academics Program, which was founded by former Phillie Garry Maddox.
Minnesota Timberwolves center Rasho Nesterovich was one of nine NBA players who helped put on a camp titled Basketball Without Borders. The camp was held in Italy for children from the former Yugoslavia.
Source: Street & Smith's SportsBusiness Journal research