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$10,250,000 UP FOR GRABS AT TPC SOUTHWIND

st judes 2$10,250,000 UP FOR GRABS AT TPC SOUTHWIND

After only 3 days of travel and rest since the closing round of the British Open at Royal Portrush in Northern Ireland, the best golfers on the planet will be teeing off just outside of Memphis, Tennessee for the WGC-FedEx St. Jude Invitational at TPC Southwind.

Notably absent from the field will be Tiger Woods who looked exhausted at ‘The Open’ and publicly announced that he needed to rest and relax. Rickie Fowler will also not participate this week. However, most everyone else on the ‘A List’ of professional golf will be there in competition.

Oddly enough, Shane Lowry, who just took home $1,935,000, and a lot of pride and joy, from winning the British Open, is not one of the favorites to repeat at TPC Southwind. As a matter of fact, Mr. Lowry has withdrawn from the St. Jude Invitational to continue with his celebrations after winning ‘The Open’ and becoming a home town hero there in Ireland.  Good for you Shane, enjoy it!

Rory McIlroy, who crashed and burned badly at the Royal Portrush, his home course, is now listed as an 8-1 favorite at Southwind. Go figure. McIlroy was visibly shaken after missing the cut at ‘The Open’. Last year’s winner Dustin Johnson is listed at 6.5-1, the number one favorite, to repeat as champion at the St. Jude Invitational again this year. 

Now, the St. Jude Invitational is not one of the 4 ‘majors’.  It is part of the WGC series, which stands for World Golf Championship and utilizes the Match Play format. Also, there will be no cut line at the end of the first 36 holes, or after the second day of the tournament. Everyone gets to finish the tourney.

While the purse of over ten million bucks is obviously one of the major enticements to play in the St. Jude, the event also counts high on OWGR and FedEx Cup points.  Elite competition is expected from this stellar field.

After a frustrating British Open, Brooks Koepka will have another shot at a big win assuming he does not get stuck behind anymore slow golfers as happened to him at the Royal Portrush.  Koepka has all the tools to crush this course and is also listed at 8-1, although his record in non-majors is not very impressive.

Jon Rahm played the first three days of the British Open as well as anyone on the course before getting blown away on Sunday and falling out of competition. He too is listed at a 12-1favorite to win at Memphis.

Two young American golfers who have been impressing everyone out on the links this season are Justin Thomas and Patrick Cantlay both of whom are given 16-1 odds to win the St. Jude Invitational.

Matt Kuchar lost his lead in the 2019 FedEx Points competition last week to Brooks Koepka after the British Open but ‘Kuch’ will be out there again at TPC Southwind at 25-1 along with Jordan Spieth, Webb Simpson and Hideki Matsuyama.

British golfer Tommy Fleetwood came in second at the Royal Portrush and earned himself a nice $1,120,000 prize.  Not bad for the runner up. Fleetwood will be there among the favorites at Memphis and is currently listed at 16-1 along with fellow Brit Justin Rose and young Xander Schauffele.

In a bit of a mix up from previous years, this will be the first year that the WGC event, which was at the Firestone Country Club in Akron, Ohio last year, will take place at TPC Soutwind in Memphis and also marks the first time that the St. Jude Invitational will be an official World Golf Championship event.

FIVE BILLION DOLLARS WORTH OF COWBOYS

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FIVE BILLION DOLLARS WORTH OF COWBOYS

How are the major sports franchises able to offer star athletes such incredible salaries, now mounting up into the hundreds of millions of dollars these days?  Where does the money come from?  As business propositions, major league sports are booming and growing bigger year after year.

Every major sports franchise in the USA, including the National Football League (NFL), the National Basketball Association (NBA) and Major League Baseball (MLB) is now valued at over a billion dollars each!

The Dallas Cowboys, for example, are now valued by Forbes at five billion bucks.  That’s great news for Jerry Jones, the sometimes controversial owner of the Cowboys, who are the defending NFC East Champions.

All of which makes the Dallas Cowboys the most valuable sports franchise on the planet these days, topping even the big European Soccer Clubs.  The National Football League has had the most valuable franchise in the world for four years in a row now. The New England Patriots are now valued at $3.7 billion, second in the NFL.

Seating and sponsorship revenues at AT&T Stadium, also known as ‘JerryWorld’, brings in almost twice as much revenue located between Dallas and Fort Worth as any other sports venue in the country, which is a tribute to their planning and marketing departments.  Just check out their ticket prices.

No big surprises when it comes to Major League Baseball, the venerable New York Yankees are valued these days at $4.6 billion, which shows an increase in value of around 15% over last season. The Los Angeles Dodgers, who lead the majors in wins this year, come in at $3 billion with the Chicago Cubs valued at $2.9 billion.

Manchester United now ranks as the third most valuable franchise in the world at around $4.2 billion along with Real Madrid of La Liga, even though they had a less than stellar season last year.  Their number one rival Barcelona is next at $4.02 billion.

In the National Basketball Association, the New York Knicks are holding on to the most valued club in the NBA at $3.6 billion with the Los Angeles Lakers and the Golden State Warriors not far behind.

Of the top 50 most valuable sports franchises in the world, European Soccer counts for only 8, the NBA has 9 and Major League Baseball has 7.  All of the rest belong to the National Football League.

Kurt Badenhausen, a Senior Editor for Forbes, said, “The values of teams in major sports leagues are booming thanks to sky-high TV deals, both local and national. And with revenues growing faster than player salaries, franchises are more profitable that they have ever been”.

IT’S ALMOST TIME FOR COLLEGE FOOTBALL

espn fb logoIT’S ALMOST TIME FOR COLLEGE FOOTBALL

NCAA Football will get underway with a humdinger on August 24th at Camping World Stadium, formally the Citrus Bowl, just outside of Orlando Florida when the Florida Gators host the Hurricanes of Miami in another edition of a long standing instate rivalry featuring two of the top teams in college football for the past 3 decades.

With both teams highly rated for the 2019-2020 season, it should be a great game. Miami has a predicted win total for the upcoming season of 8.5 wins with the Gators slightly ahead with 9.

Tickets for the event will start at a whopping $300.10 each and range all the way up to the air conditioned, wet bar suites where, if you have to ask the price, you probably can’t afford it anyway. But with a starting price of $300+ per ticket, it will be interesting to see if they can fill the 65,000+ seats in the newly renovated old stadium.

Later that same evening, from Aloha Stadium in the beautiful state of Hawaii, the Arizona Wildcats will take on the Rainbow Warriors from the University of Hawaii.  With a projected win total of 7 games this season, Arizona will be representing the Pac12 while Hawaii, win total at 5.5, will represent the Mountain West Conference. Fans can get tickets to this game for a bargain $23.58!

The rest of the NCAA Football action picks up the following Thursday the 29th with a whole bevy of games all around the country and we will be underway for another exciting college football season. Many fans, especially the ones with traditionally good local college teams, actually prefer college football to watching the NFL with all of its professional sophistication.

Quite a few of the projected win totals come with not one bit of surprise.  A recent feature article online stated that ‘Alabama is again picked to win the SEC’. Oh, Really? Of course the battle for the SEC Championship is always one of the great competitions of the year and Alabama is always the target.

Nick Saban’s Crimson Tide will feature Heisman Trophy candidate Tua Tagovailoa and is expected to finish the season with at least 11 victories as are the Bulldogs (aka the Dawgs) of the University of Georgia, under head coach Kirby Smart, who could find himself on the ‘hotseat’ should the Dawgs fail to show up against the Tide this year.

Cajun Coach Ed Oregon and his LSU Tigers are predicted to win 9 games this season but may just have a surprise or two in store for their dedicated fans.  A victory against Alabama at Tiger Stadium would insure Coach Oregon his job for at least a decade.

Down in Gainesville the University of Florida Gators, under second year head coach Dan Mullin, are quietly planning a winning season behind quarterback Feleipe Franks.  FanDuel projections have them winning 9 games on a tough schedule.

Of course we can’t forget Dabo Sweeny and his defending NCAA Championship team from Clemson University in South Carolina, now picked to win 11.5 games this season representing the Atlantic Coast Conference or ACC.

In the Big 10, Ohio State, under Coach Ryan Day, is picked to win 10.5 games this year while rival Michigan follows close behind with 9.5 wins under colorful head coach Jim Harbaugh.

Other NCAA Football teams with high win projections include Oklahoma at 10.5 and Texas at 9.5 representing the Big 12. Perennial wagering favorite Notre Dame is only tagged for 8.5 wins this year according to FanDuel.

There will be 84 college football games played between August 24th and September 2nd, so make your picks and place your bets.

NCAA Football is coming soon to a stadium near you!

THE LEGALIZATION OF SPORTS WAGERING IN THE USA

usa approved betsTHE LEGALIZATION OF SPORTS WAGERING IN THE USA

The winds of change are blowing all across the land as more and more states are looking closely at legalizing sports wagering and, more specifically, at the potentially enormous revenues to be generated from all those bets on all those sports.

In California, an Assemblyman named Adam Gray is proposing a constitutional amendment that would pave the way to permit legal sports wagering within the state.  He told ESPN, “The goal is to get something on the 2020 November ballot.  I know there’s significant interest throughout the California sports economy.”  Now November is creeping up on us fast.

Mr. Gray has been busy visiting several California’s major sports franchises including the Los Angeles Rams, the LA Clippers and the Sacramento Kings gathering information and solidifying his position as a leader in the fight to bring sports franchises and the bookmaking business together for the greater benefit of all, monetarily at least.

When the US Supreme Court struck down the Professional and Amateur Sports Protection Act, or PASPA, which has been the law of the land governing wagering on sports in the USA since 1992, they opened the doors to a potentially multi-billion dollar industry to from which the individual states have much to gain as far as revenue, and little to lose. The high court left each state to decide.

The decision by the court was met with cheers and instant approvals from the owners of all the major sports franchises, whose market value skyrocketed that same day. Mark Cuban, owner of the Dallas Mavericks, estimated that the value of professional sports clubs doubled the instant the new ruling was released.  That’s a hell of a lot of money, just to start.

The value of several sports stats services also took a major leap forward as well, especially those previously established companies holding strong relationships with the professional sporting leagues.  These companies have been providing critical information to bettors and bookies for many years.

Now, following legalization, their services will be in ever greater demand as more and more bettors will be relying on stats information before making their wagers.  Heavy hitters like Mark Cuban, Ted Leonsis and Michael Jordan have already invested in sports data companies such as Sportradar, and more are on the way.

One of the biggest winners after PASPA was struck down is the state of New Jersey, which has been lobbying for legalized sports wagering for years behind the efforts of former Governor Chris Christie.  New Jersey stands to rake in around $250 million per year in sports wagering revenue according to the gaming research firm of Eilers and Krejcik.

Of course the established names in the wagering industry like Caesars Entertainment, MGM and Boyd Gaming were popping champagne corks and celebrating long into the night the day PASPA fell.  Stock prices in all the major gaming companies went up immediately as visions of future revenues from legalized sports wagering danced in the heads of stockholders and owners alike.

It remains to be seen just how all the new changes will affect the local bookmaker.  Local bookies have been operating for generations all across the country and the wagering public is accustomed to dealing directly with their ‘local guy’.  It’s practically an American institution.

Will bettors shun their local bookies to go out to a casino or race track to line up and place a wager that will then be tracked and taxed?  Only time will tell.

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