Sports Business

Private colleges may be among first to see fallout from NLRB ruling

April 5, 2014
Anthony Schoettle
A March 26 decision by the National Labor Relations Board to let football players at Northwestern University unionize could trigger a tidal wave of changes across college athletics, including in Indiana, and for the NCAA itself.
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LOPRESTI: One Indy 500 race car will be covered with poignant stories

April 5, 2014
So maybe you’ve heard of Cutters Race Team. That’s the new idea where, for a few bucks, you can help sponsor an Indianapolis 500 race car.
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Big money under close scrutiny at NCAA Final Four

April 4, 2014
Bloomberg News
Kentucky's coaching staff will reap an extra $736,000 if the team wins the NCAA basketball tournament. Meanwhile, players are being asked by security to remove labels from water bottles at practice to avoid conflicts with a sponsorship agreement.
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College athletes take labor cause to Capitol Hill

April 2, 2014
Associated Press
Northwestern University athletes pressed their case for collective bargaining rights during meetings Wednesday with lawmakers, as a vote was scheduled for them to decide whether to authorize a union.
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Indy Fuel sign 5-year farm pact with Chicago Blackhawks

April 1, 2014
 IBJ Staff
Given the fan following for the Stanley Cup champion Blackhawks in central Indiana, the agreement stands to be a significant boost for the Fuel, who begin play in October at the renovated Indiana State Fairgrounds Coliseum.
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LOPRESTI: More hand-wringing than hoops for three teams that fell fast

March 29, 2014
Indiana, Purdue and Butler all find themselves at a crossroads after disappointing seasons.
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Budding Pacers star George lands Gatorade contract

March 28, 2014
Associated Press
On Friday, Gatorade will introduce Pacer Paul George as its newest NBA spokesman in a lineup that already features prominent athletes such as Dwyane Wade, Peyton Manning, Serena Williams and Derek Jeter.
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Football labor decision might hurt schools, Moody's says

March 27, 2014
Bloomberg News
Lawsuits challenging amateurism in U.S. college sports may result in higher costs for universities and the National Collegiate Athletic Association, Moody’s Investors Service said Thursday.
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Northwestern football ruling seen changing college sports

March 26, 2014
Bloomberg News, Associated Press
In a stunning ruling that could revolutionize a college sports industry worth billions of dollars and have dramatic repercussions for the Indianapolis-based NCAA, a federal agency said Wednesday that players at Northwestern can unionize.
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Colts owner Irsay's court hearing delayed

March 25, 2014
Associated Press
The Hamilton County Prosecutor's Office issued a statement Tuesday saying the hearing was postponed "unless or until" formal charges are filed against him.
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Kentucky teams drive surge in demand for Indy's NCAA regional

March 24, 2014
Anthony Schoettle
Demand for tickets and local hotel rooms spiked once it became clear that Kentucky and Louisville would meet in the Sweet Sixteen at Lucas Oil Stadium this weekend.
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LOPRESTI: Milan miracle at 60

March 22, 2014
Plump Milan anniversary watch videoTwo Indiana hoops legends recreate March magic exactly 60 years after the game that inspired "Hoosiers." Watch 77-year-old Bobby Plump sink that final shot—twice.
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Westfield hopes to make money on Grand Park's ancillary development

March 22, 2014
Andrea Muirragui Davis
As competition kicks off at Westfield’s sprawling Grand Park Sports Campus, city leaders are working to recruit corporate partners willing to support their field of dreams.
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Irsay arrest spurs talk of Colts succession planRestricted Content

March 22, 2014
Anthony Schoettle
Indianapolis Colts owner Jim Irsay gave a clear signal in 2012 about his long-term succession plan by naming his three daughters vice chairwomen and co-owners. His March 16 arrest might hasten the launch of that plan, or at the very least give Colts fans a glimpse of what it will look like.
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As lease expiration nears, Indians continue years of investment in Victory FieldRestricted Content

March 22, 2014
Anthony Schoettle
For almost 18 years, the Indianapolis Indians have poured tens of millions of dollars into Victory Field while the city has spent hardly a dime.
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Colts owner enters treatment center following arrest

March 18, 2014
Associated Press
Jim Irsay's family says the Indianapolis Colts owner has placed himself in health care treatment following his arrest on preliminary charges of driving while intoxicated and possession of a controlled substance.
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NCAA called 'cartel' with top conferences in player suit

March 17, 2014
Bloomberg News
The NCAA and five top conferences generate billions of dollars in revenue and illegally cap the pay of student athletes, a group of football and basketball players claim in a new lawsuit that seeks to reshape college sports.
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Irsay arrest may bring NFL punishment, sharpen scrutiny on bowl bid

March 17, 2014
Anthony Schoetle
The drug-related arrest of Indianapolis Colts owner Jim Irsay could bring repercussions from the National Football League and might play a factor in the city's bid for the 2018 Super Bowl.
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IndyCar expected to sign Verizon as much-needed title sponsor

March 7, 2014
Anthony Schoettle
Verizon Wireless is set to sign a deal to become the title sponsor of the IndyCar Series beginning this season, sources familiar with the deal said Friday afternoon. The deal is reportedly worth $10 million a year for at least five years.
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Speedway outsources concession stand operations

March 7, 2014
Anthony Schoettle
The Indianapolis Motor Speedway on Friday reached a multiyear deal with Illinois-based Levy Restaurants to operate concession stands and manage premium beverage operations during major events.
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Soccer team owner concedes battle for stadium funds this year

March 6, 2014
 IBJ Staff
The owner of the Indy Eleven soccer franchise has conceded that his push for state financing help for a proposed 18,500-seat, $87 million stadium in Indianapolis will have to wait on the bench for another legislative session.
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Former college running back sues NCAA over scholarship caps

March 5, 2014
Bloomberg News
The Indianapolis-based National Collegiate Athletic Association and five of college football's regional conferences, including the Big Ten, were sued by a former West Virginia University player who claims they agreed to limit the value of scholarships to less than the actual cost of attendance.
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Panther sues IndyCar, Rahal Letterman over sponsor deal

March 3, 2014
Associated Press
Indianapolis-based Panther Racing Inc.'s lawsuit against Rahal Letterman Lanigan Racing, IndyCar and others says it lost a $17.2 million sponsorship because of bid-rigging and other improprieties.
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NCAA, ex-college players ordered to hold settlement talks

February 28, 2014
Bloomberg News
The National Collegiate Athletic Association and ex-college athletes have been ordered to hold settlement talks in an $800 million lawsuit claiming the Indianapolis-based NCAA illegally blocks student players from profiting from the use of their images.
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Analysis casts doubt on revenue projection for soccer stadium

February 27, 2014
Kathleen McLaughlin, Cory Schouten
The Indy Eleven soccer team would generate just $2 million to $4 million a year in ticket sales, a fraction of the $51 million that owner Ersal Ozdemir has estimated a new downtown stadium would generate including non-soccer events, according to an independent analysis.
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  1. The deductible is entirely paid by the POWER account. No one ever has to contribute more than $25/month into the POWER account and it is often less. The only cost not paid out of the POWER account is the ER copay ($8-25) for non-emergent use of the ER. And under HIP 2.0, if a member calls the toll-free, 24 hour nurse line, and the nurse tells them to go to the ER, the copay is waived. It's also waived if the member is admitted to the hospital. Honestly, although it is certainly not "free" - I think Indiana has created a decent plan for the currently uninsured. Also consider that if a member obtains preventive care, she can lower her monthly contribution for the next year. Non-profits may pay up to 75% of the contribution on behalf of the member, and the member's employer may pay up to 50% of the contribution.

  2. I wonder if the governor could multi-task and talk to CMS about helping Indiana get our state based exchange going so Hoosiers don't lose subsidy if the court decision holds. One option I've seen is for states to contract with healthcare.gov. Or maybe Indiana isn't really interested in healthcare insurance coverage for Hoosiers.

  3. So, how much did either of YOU contribute? HGH Thank you Mr. Ozdemir for your investments in this city and your contribution to the arts.

  4. So heres brilliant planning for you...build a $30 M sports complex with tax dollars, yet send all the hotel tax revenue to Carmel and Fishers. Westfield will unlikely never see a payback but the hotel "centers" of Carmel and Fishers will get rich. Lousy strategy Andy Cook!

  5. AlanB, this is how it works...A corporate welfare queen makes a tiny contribution to the arts and gets tons of positive media from outlets like the IBJ. In turn, they are more easily to get their 10s of millions of dollars of corporate welfare (ironically from the same people who are against welfare for humans).

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