NFL to double revenue & lower salary cap | NFTs are entering sports | Fernando Tatis Jr. sold his future income, others will, too
Description
The NFL has just closed some amazing broadcast deals and accomplished its goal to double its revenue over the next decade. But, they're also lowering the salary cap, which means the teams' margins just went up. Significantly! This provides maximum flexibility for the ownership and less flexibility for players, but it will certainly be a sticking point at the next collective bargaining discussion.
Patrick Mahomes & Rob Gronkowski have now successfully sold NFTs! Yes, the non-fungible token craze is entering sports, and you can bet that leagues and teams and players are all going to jump in on this. Leading the way is the NBA with its Top Shot product, which by all measures has been a great success.
When Fernando Tatis Jr. signed his mega-deal with the San Diego Padres, he was not the only one celebrating. Big League Advance, which invested in Tatis when he was 17 years old, now owns a portion of his income. It's an interesting approach to the business of sport, and it seems like something that will expand rapidly throughout the sports world.
We love feedback! Send us your suggestions or comments and get IN THE GAME!
Twitter: @InTheGameHQ
Facebook: @InTheGameHQ
United States
