135 - Can Tech Save the NFL? Plus, Rapper Jim Jones on His New Pot Venture
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The National Football League was on the brink last year. Not of death – let’s not talk crazy, now – but of the type of loss of relevance that has humbled baseball and boxing over the past generation or so.
But now as the NFL's 100th season kicks off this week, there's a sense of fresh energy. And I would argue that if football's going to make a full comeback, technology is going to have to play a big role.
First, a word about where we've been. Football was the undisputed champ of the major sports leagues, popularity-wise. But between critical tweets from President Trump, fans angry about players kneeling during the anthem, fans angry that Colin Kaepernick doesn't have a job after kneeling, concerns about player concussions and safety, the spotlight was withering.
Now things appear to be turning. The NFL struck a deal with Jay-Z's Roc Nation to promote music and merchandise that will benefit social justice causes, possibly addressing the move for player activism. The owners and players are already at the table for collective bargaining, Cowboys owner Jerry Jones told CNBC this week, in hopes of presenting a strong case to both broadcast and streaming partners. ESports is gaining in popularity, potentially boosting the brand of the real game. And legal sports betting, enabled by smartphones, has some fans paying closer attention than ever.
With me this week: CNBC's sports guy, Eric Chemi.
Also on this week's podcast:
How to say this: Rapper Jim Jones is known to his fans as an avid smoker of marijuana. It's so much a part of his brand that he's hoping to leverage that reputation into a business. His business associate Alex Todd, a jeweler with celebrity clientele, has launched a cannabis brand called Saucey Farms and Extracts. And Jones has a line within Saucey called CAPO.
I talked to both of them about how a hobby is turning into a business.