Weekly Roundup: Business of Athletes, Sports, NIL (May 1-7th)

<p><strong>Audio Timeline:</strong></p><p>0:35 - <strong>Feel Good Sports Story: </strong>Body Armor and Mamba Foundation</p><p>1:15 - <strong>NIL</strong>: NCAA rulings on collectives and sports betting, Deion Sanders, coolest deals of the week, and BC’s Zay Flowers offered $600k to transfer</p><p>7:39 - <strong>Athlete Biz/Investments</strong>: Devin Booker, new venture fund, generational wealth for athletes, NWSL gets KD and Kleiman</p><p>11:23 - <strong>Sports Biz/Tech</strong>: Betting funds to youth sports, Hooters, NFT companies continue to raise big bucks, and esports teams are booming</p><p>14:11 - Discussion on the mental health epidemic in college sports</p><p>Interesting Stat</p><p>The NCAA has released a dashboard highlighting transfer portal movement. (broken down by sport, month, and scholarship status) </p><p>Notable Figures:</p><p>* A whopping 33,009 D-I athletes entered the portal between Aug 1, 2019 and July 31, 2021.</p><p>* As of Jan. 10, 2022, 49% (16,270) had transferred to a new NCAA school, while 43% (14,293) remain in the portal and 7% (2,446) withdrew their names.</p><p><em>The 10 sports with the highest percentage of athletes who entered the portal during those two years...</em></p><p><strong>Men's:</strong></p><p>* <strong>Basketball:</strong> 31% have entered the portal (1,692 athletes)</p><p>* <strong>Baseball:</strong> 18% (2,126)</p><p>* <strong>FBS football:</strong> 16% (2,538)</p><p>* <strong>Soccer:</strong> 13% (755)</p><p>* <strong>Tennis:</strong> 13% (325)</p><p>* <strong>FCS football:</strong> 12% (1,546)</p><p>* <strong>Ice hockey:</strong> 12% (205)</p><p>* <strong>Lacrosse:</strong> 9% (321)</p><p>* <strong>Track & field:</strong> 8% (905)</p><p>* <strong>Wrestling:</strong> 8% (207)</p><p><strong>Women's</strong>:</p><p>* <strong>Basketball:</strong> 22% (1,134)</p><p>* <strong>Beach volleyball:</strong> 15% (167)</p><p>* <strong>Tennis:</strong> 12% (340)</p><p>* <strong>Volleyball:</strong> 12% (650)</p><p>* <strong>Softball:</strong> 11% (764)</p><p>* <strong>Soccer:</strong> 11% (909)</p><p>* <strong>Ice hockey:</strong> 8% (63)</p><p>* <strong>Lacrosse:</strong> 8% (317)</p><p>* <strong>Golf:</strong> 7% (162)</p><p>* <strong>Track & field:</strong> 6% (864)</p><p>The transfer portal was launched in 2018 to help streamline the transfer process, but three recent changes — the COVID redshirt, one-time transfer rule, and NIL — have turned a school change into free agency. </p><p>Recommended Media</p><p>Interesting convo between Adam Breneman and Arizona Cardinals QB Trace McSorley this past weekend. </p><p>The 1:01:01 mark piqued my interest as they talk about NIL and what Trace is doing investment-wise. </p><p>Always cool to hear what really goes on within programs and not just noise from the outside. </p><p>Short Passage of The Week</p><p>Here are 7 traits of exceptional leaders we can incorporate into our own lives as teammates, colleagues, and leaders:</p><p>* Exceptional leaders are master storytellers.</p><p>* Exceptional leaders find opportunities to let others shine.</p><p>* Exceptional leaders seek advice and input from others.</p><p>* Exceptional leaders have their teams’ back during tough times.</p><p>* Exceptional leaders take accountability and know when to apologize.</p><p>* Exceptional leaders care while treating everyone with dignity and respect.</p><p>* Exceptional leaders express appreciation and give credit where credit is due.</p><p><em>Passage by Glen Leibowitz, CFO Consultant</em></p><p>Tweet(s)</p><p>The Power of Now is one of my favorite books of all time. </p><p>Great thread from Teddy breaking down what makes Navy SEALs elite👇</p><p><strong>Inflation and interest rates are the best-understood financial concepts worldwide, but only 50% of adults know both. </strong></p><p>Only 35%, in comparison, understand risk diversification. And roughly 45% of adults globally know about the concept of compound interest. </p><p><strong>The bottom line</strong>: a large