Of course she has a cover
From The GIST Sports Biz (hi@thegistsports.com)
Hey there!
Las Vegas Aces MVP A’ja Wilson, Boston Celtics star Jayson Tatum, and 2024 NBA Hall of Fame honoree Vince Carter will grace the covers of the upcoming NBA 2K25 video games, the company announced Wednesday. Of course she has a cover.
Media
📺 Maxed out
The GIST: Following parent company Warner Bros Discovery’s (WBD) decision to add live men’s sports to HBO in October, revamped WBD-owned channel TruTV and Max — HBO’s streamer announced their first-ever USWNT alternative telecast (aka altcast) yesterday. LFG.
How it works: An altcast refers to an alternative feed of a live sports game that features studio coverage and commentary, often from journalists and/or retired athletes. The Manning brothers sparked the trend with their “ManningCast,” while the NFL’s animated broadcasts and ESPN’s March Madness megacast starring WNBA legends Sue Bird and Diana Taurasi are also popular examples.
The USWNT Altcast: WBD will host a special U.S. Soccer Altcast: Men in Blazers’ The Women’s Game during the USWNT’s July 16th friendly against Costa Rica. The altcast, which inked Marriott’s SpringHill Suites as a presenting sponsor, will air on Max and TruTV, both of which have leveled up their sports programming in the last year.
- The altcast, which will be the first on linear TV involving the USWNT, has tapped retired world champ Sam Mewis and Men In Blazers (MIB) founder Roger Bennett to host. Mewis joined MIB as editor-in-chief of its women’s soccer vertical “The Women’s Game” in January.
- Before becoming EIC, Mewis led MIB’s 2023 FIFA Women’s World Cup coverage by hosting daily podcasts and livestreams. She drew more than 2.5M total viewers on Twitch and helped grow MIB’s social following by 25% during that tournament alone. That’s who.
Max: Last October, WBD announced that live sports would be coming to Max via the conglomerate’s existing properties, Bleacher Report and TNT, whose existing content lineups included the NBA, MLB, and NHL, as well as men’s March Madness.
- The Max deal also contains coverage of the U.S. men’s and women’s national soccer teams, including this year’s SheBelieves Cup.
TruTV: Founded in 1991, the linear channel originally shared true crime content under its former name, Court TV. The channel was acquired by Time Warner in 2006, when it began airing a rotation of comedy reruns and reality shows.
- Now, TruTv is a hub for live sports. TNT Sports branding will be used across the network this year as it airs an estimated 1K hours of sports programming and plans to expand coverage even more next year.
Zooming out: A concern with celebrity-driven altcasts is the drop following the novelty effect — something the ManningCast, whose first season peaked at 1.96M viewers, experienced in subsequent years, struggling to land 1M in 2023.
- That said, the fandom for MIB and Mewis is built different: According to a recent MIB survey, women’s soccer fans tend to support individual players rather than teams, and Mewis is still at the top of that game.
- Women’s sports fans are famously loyal, and their altcasts will likely fare better because of it. Bird and Taurasi’s women’s March Madness final altcast drew 1.4M viewers, the most for the championship game in the show’s three-year history, making it the second most-watched altcast for a college event on ESPN. Can’t help it.
Sports marketing
📍 Location, location, location
The GIST: On Wednesday, SponsorUnited (SU) released its first “State of the Market Marketing Partnerships Report,” offering unparalleled insight into marketing dollars’ reach in various sports markets. The research shows that while the average team sponsorship deal cost $935K in 2023, the dollar goes further in some locales than others.
The report: The report analyzed four North American metropolises — NYC, LA, Chicago, and Toronto — and three burgeoning U.S. cities with populations under 1M — Charlotte, Austin, and Las Vegas. It also examined London and Madrid, two of Europe’s largest sports markets. Data was gathered about the NFL, NBA, NHL, MLB, and MLS teams from North American cities, ultimately revealing the following findings:
🏙️ The bigger the city, the more expensive the deal. The $935K value for a sports team deal is a simple average between major cities’ pricier ones and less costly partnerships in mid-size areas like Austin, Texas, where a deal costs 40% less than in LA.
🤝 Regional partnerships are effective. Brands with local presence see the highest impact of sponsorship dollars in smaller cities. For example, Austin FC leverages local partnerships more effectively than MLS teams in NYC, LA, or Chicago.
- SU founder and CEO Bob Lynch told Sportico, “It’s not seen as uniquely important for a national advertiser to be in that [smaller] market unless it has a certain industry that’s important to them—like Nashville and healthcare.”
⏰ Local sponsorships lead to long-term deals. Lynch added that major players in smaller markets invest in “tighter” long-term relationships with teams. In 2023, sponsorship measurement platform Vision Insights revealed that local fans are 3x more likely to emotionally connect with their favorite team’s sponsor, making local partnerships especially astute investments.
The women’s sports angle: In the report, SU advised brands to sponsor WNBA and NWSL teams, which — despite exponential growth — still haven’t reached their full sponsorship potential. Local opportunities are also very fruitful for women’s leagues, which typically offer a less expensive entry point for smaller companies like The Honey Pot, a sponsor of the W’s Atlanta Dream.
- Local marketing dollars are where women’s teams can make their moolah, and the healthcare industry seems especially willing to pay up. The NWSL draws lucrative healthcare sponsorships across the league, especially at Bay FC, where Sutter Health shells out a league-high $2M for its front-of-kit sponsorship. Health is wealth.
🏀 NBA approves $76B media rights deal without clarity on WNBA media rights
The Athletic reported Wednesday that the NBA is finalizing media rights deals with NBC, Amazon, and ESPN that will span 11 years and be worth $76B. Current rightsholder TNT, which has made headlines for fumbling its renewal opportunity, reportedly has the opportunity to match the price of one of the other networks. With plans to ante up Amazon’s amount, they’re not out of the game yet.
- It’s unclear what the WNBA will get out of the above deals. Although previous reports suggested the league could break away, commissioner Cathy Engelbert instead backed up NBA commissioner Adam Silver.
- “...there’s no other set of two sports leagues that can offer that live programming and sports to a streamer like that,” Engelbert said in April. “I would say probably in that case we need the NBA because we have a smaller footprint with only 40 games, and it’s nice to go to market together.”
🏈 NFL announces approval of private equity investment later this year
Private equity (PE) is reshaping the sports landscape, perhaps most notably in the NWSL. But now, it’s set to transform the biggest sports league of all: the NFL. NFL team ownership is notoriously strict and exclusive, but that hasn’t slowed PE interest.
- Yesterday, league commissioner Roger Goodell said the NFL is on track to formally approve PE investment(s) by year’s end.
- Like the NWSL, which restricts firms from owning more than 20% equity in a single club, NFL owners will likely cap available equity at 10%.
🏛️ Federal court dismisses NCAA student-employee challenge once again
The NCAA’s motion to dismiss the ongoing Johnson v. NCAA lawsuit, in which college athletes argue they are school employees (and, therefore, entitled to legal labor protections like the right to unionize), was struck down by a Court of Appeals yesterday. Litigation will continue, with many questions left unanswered.
- In the ruling, the Third Circuit said that athletes aren’t not employees, but left it up to lower courts to decide whether employee status can be affirmed. In other words, the suit lives to fight another day. Notably, the court seemed hesitant about the ripple effects of student-athletes earning employee status.
👑 Unrivaled, the new 3x3 league founded WNBA stars Breanna Stewart and Napheesa Collier, revealed their new branding on Monday. Fit for a queen.
🎥 Wrexham AFC co-owners Rob McElhenney and Ryan Reynolds, who pioneered the popular “Welcome To Wrexham” docuseries and recently bought Liga MX’s Club Necaxa, are at it again, announcing a new show on the Mexican club starring Necaxa co-owner and actor Eva Longoria on Wednesday.
💸 On Wednesday, British PE firm and Genius Sports’ largest shareholder Apax Partners sold its remaining 20M shares (about 10%) in the data company, which has a partnership with the WNBA.
🎓 Florida State University announced a 10-year expansion agreement with sports experience company Legends, owned by PE firm (and Bay FC owner) Sixth Street, on Wednesday.
💰 UEFA and sports betting data company Sportradar extended and expanded their partnership yesterday. Now, Sportradar will have access to top European soccer matches like the men’s and women’s Euro.
🇨🇦 Yesterday, the Canadian Olympic Committee announced the launch of its first-ever Team Canada FanFest, which will include IRL watch parties across Canada, plus appearances from Olympians. O’ Canada, indeed.
Recs from our roster!
🔬 Who’s doing the work
The University Medical Center Groningen in the Netherlands. Their researchers are launching a study into serious knee injuries in young female footballers this September. About damn time.
⚽ What to listen to
NWSL commissioner Jessica Berman discussing the growth of women’s sports, especially in soccer. A can’t-miss.
📚 What to read
Stand Up and Shout Out. The book examines sports’ unlevel playing field by exploring the ongoing fights for equal pay, equal rights, and equal opportunities for women in sports. Study up, then join the fight.
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