Another Winter Olympics has come and gone, generating a lot of news worthy of discussion along the way.  Our interest, as always, is focused on a sports business perspective and the lessons the Games provide that can be shared in the classroom. 

While there are a number of highlights from the Games worth recapping, we will focus specifically on those lessons that will translate to topic areas you are likely covering in class. 

Broadcast rights

NBC paid a record $2.2 billion for U.S. broadcast rights to the Beijing and Vancouver Olympic Games.  Prior to the Vancouver Games, NBC publicly suggested they would lose $250…

It is that time of year again…Super Bowl season!  For educators who teach business and marketing, this is a time of year where you can have a lot of fun in the classroom, all while conveying some powerful messages that support valuable business/marketing lessons.  After all, what better way to validate all your time teaching students about advertising than to point out that companies like Pepsi, CareerBuilder.com, Audi and Bridgestone just invested $3 million each for a 30 second spot during this year’s big game.

Among the topic areas that are relevant in the classroom (many relating specifically to our non-traditional…

He’s done it.  The man with a target on his back and a chip on his shoulder has won an Olympic record eight gold medals…but my guess is that you already know that.  Let’s face it.  You can’t turn on the TV without seeing some montage commemorating the achievements of Michael Phelps in the 2008 Summer Games in Beijing.  In an Olympics where the NBA’s elite re-claimed the basketball throne and a Jamaican sprinter bolted into the record books, Phelps remains the story of these Games.  So what now?  Well, I think we can all say with a certain amount…

When summer rolls around I usually take a brief reprieve from adding any posts to the post but the Beijing Games are nearly upon us and I thought I’d be remiss not to add some quick commentary.  Traditionally, this blog has been dedicated to educators around the country.  Now that we’ve developed an avid readership from a myriad of professional backgrounds, I suppose we should step up our efforts to contribute more regularly…

So, without further delay, here are a few items in the news as it relates to the Olympic Games that have caught my attention over the past few weeks.

Sponsorship

Top sponsors…

I realize this post is a little overdue, but while Semi-Pro is dying a slow death at the cinema, Jackie Moon is still pitching Old Spice and Bud Light every hour on ESPN.  I have had this post on my “to do” list for over a month and figured now might be the time to dust it off and get it online.  Somehow seeing Ferrell in those ridiculous shorts in an Old Spice commercial last night while watching Sports Center provided the inspiration to wrap this up.  So, here goes nothing…

As a lifelong Packer fan growing up in the great state of Wisconsin, I’d be remiss to avoid commentary on today’s news regarding Brett Favre’s retirement. Yet, because this is a BUSINESS blog, it would be pointless to ramble on about Favre’s many great accomplishments. You know, like holding the NFL records for most consecutive starts (253…275 including postseason), most wins for a QB, most TD passes, most completions, most yards…Favre pretty much owns the NFL’s passing record book. Oh, and let’s not forget that Favre is the leagues ONLY three time winner of the league MVP award. Only Johnny…

All-Star games.  What are they?  What do they mean?  Do fans care about these events that pit the best of the best in each respective sport against one another?  By taking a closer look at the marketing and hype that surrounds the events, I think one could draw the conclusion that fans do indeed care.  The ratings, although in some cases quite modest, would support that notion:  Major League Baseball’s 2007 All-Star Game drew a 16.1 rating, the NFL’s Pro-Bowl a 10.7 and the NBA All-Star a 4.5.  Broadcastingcable.com reported that “TNT’s All-Star Saturday — featuring the Orlando Magic’s Howard strapping on…

This week’s post was inspired in part by David Beckham’s quote last week and also from a post a few weeks ago regarding the business of sports (”this is a business…”).

Last week, David Beckham commented that he has never played soccer for the money. Specifically, he said “People say that’s easy for you to say because you’ve got the money. To be honest…the game is important to me. I’d play for free.” Keep in mind the soccer superstar signed a $250 million contract with Major League Soccer’s Los Angeles Galaxy last summer.

Around the time of the signing, President and CEO…

Amid swirling accusations of animal cruelty and an indictment on dog fighting charges, Atlanta Falcons superstar quarterback Michael Vick’s endorsement potential is dropping faster than Enron’s stock price in 2001.  Any sports marketing executive can tell you that Vick’s existing sponsors are in for a rough ride as the controversy continues to escalate while Vick’s name remains under scrutiny in the public eye. 

Topps, an international marketer of collectible trading cards, announced today the signing of an endorsement contract with Ohio State center (and likely number one pick in the NBA Draft) Greg Oden.

There are several interesting subplots to this story.  The first is that this is the first of what’s sure to be many endorsement deals with Oden.  Oden signed a three-year contract worth a reported $3 million to become a spokesman for the Topps Company.   However, the other top prospect in this draft and sole competitor in the race to be the first player introduced by NBA commissioner David Stern in June’s draft,…