March 18, 2021

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Yeezy is booming and now Peloton is joining the party. It’s been a good week for Adidas.

Adidas Rides With Peloton in New Collab

Adidas/Design: Alex Brooks

Adidas teamed up with connected fitness brand Peloton to create a performance wear and lifestyle apparel collection slated for a March 25 release.

As the world navigates remaining limits on physical closeness, an Adidas representative told Front Office Sports the partnership will emphasize “the togetherness of sport.”

Peloton instructors Robin Arzon, Cody Rigsby, and Ally Love — all Adidas ambassadors — assisted in designing the pieces. “Knowing that our community is so diverse and leaning into that concept was truly the inspiration,” said Love. 

Peloton will offer a series of classes next week celebrating the launch, and the companies will create content together for the Peloton app and the Adidas Creators Club loyalty program.

Previously, Peloton partnered with Nike and Lululemon, and it sold 600,000 units of branded apparel last quarter. In February, the connected fitness company reported that its fiscal Q2 2021 was its first $1 billion quarter.

Earlier this month, Adidas reported a 53% bump in online sales for its fourth quarter. Prices for the 11-piece adidas x Peloton SS21 collection range from $30 to $85.

NCAA Athletes Launch NIL Protest Amid March Madness

Matthew OHaren-USA TODAY Sports/Design: Alex Brooks

As the Big Dance tips off, athletes on more than 15 teams have protested NCAA rules that prohibit them from being paid by flooding Twitter with the hashtag #NotNCAAProperty.

“The NCAA OWNS my name, image, and likeness,” Rutgers guard Geo Baker tweeted from inside the March Madness bubble. “For [people] who say ‘an athletic scholarship is enough.’ Anything less than equal rights is never enough.”

On March 16, players from more than a “dozen” March Madness teams met over Zoom with an athlete advocacy group called the National College Players Association to plan the protest, the NCPA said in a statement.

They came up with a list of demands. 

Athletes want NIL rights by July 1 and meetings with NCAA President Mark Emmert and state and federal lawmakers. They also asked that the Supreme Court not give the NCAA the ability to “deny…equal freedoms” in the upcoming case, NCAA v. Alston.

“The players and the NCPA are using the hashtag #NotNCAAProperty to underscore their concern that the NCAA too often treats college athletes like dollar signs rather than people,” the statement read.

Lawmakers plan to meet the July 1 deadline, whether the NCAA does or not. On that date, a Florida law allowing college athletes to profit off NIL takes effect. Sen. Cory Booker (D-NJ) has said Congress will also pass federal legislation by then.

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Top Belgian Soccer Club Set to IPO

Club Brugge/Design: Alex Brooks

Club Brugge sits atop the Belgian Pro League standings, but its pitch to investors is less about the quality of the team and more about the value of its individual players.

Brugge is set for an initial public offering later this month. Its investor group will sell 30% of the club in shares at a valuation of roughly $273 million.

While other clubs like Ajax, Dortmund, Juventus, and Manchester United have publicly listed shares, those clubs have more conventional models of appealing to fans with star players and winning teams. Brugge takes a different tack, acting as the feeder team for European clubs that will pay handsomely to borrow top talent.

“We are making stars,” said Bart Verhaeghe, chairman of investor group Grizzly Sports NV, which is selling the shares. “Other teams are consuming stars.”

The club netted $33.5 million from $71.7 million in player transfer revenues in the 2019-2020 season and have added a net $19.5 million to its coffers through transfers this season. Most of this season’s haul came from the January transfer of 21-year-old Krépin Diatta to French club Monaco for $18.4 million. 

“We have a unique way of making players the best version of themselves, and we are dominant in the local market,” Verhaeghe said.

In the fiscal year ending June 30, 2020, club profits grew 148% to $28.8 million.

Conversation Starters

Conversation Starters

  • Patrick Mahomes sold $3.4 million worth of NFTs in 20 minutes through MakersPlace, a digital art platform. This follows Rob Gronkowski’s $1.8 million sale of his own NFTs last week. 
  • The NBA and NBPA agreed to offer expanded benefits for players and staff who are fully vaccinated. Vaccinated individuals can have friends and family visit without registering with the team, and no longer have to quarantine following COVID-19 exposure. Vaccinated teams won’t be required to wear masks at their practice facilities.
  • Bally’s Corporation announced it will be an authorized gaming operator of Major League Baseball. The multiyear agreement represents Bally’s third sports betting partnership with a professional sports league after the NBA and NHL.
  • March Subscriber Giveaway: We’re giving away a $500 Airbnb gift card this month for you to use whenever you’re ready to travel again. For every friend or colleague who subscribes to FOS with your custom referral link by the end of March, you get one entry into our giveaway. If you don’t win the $500 gift card, five runners-up will also win an FOS VIP care package.
    • Share in one tap (Email // Twitter // Facebook) or copy-and-paste your custom referral link: [RH_REFLINK]

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Market Movers

Market Movers

U.S. stocks were mixed on Thursday following a decline for technology shares as Treasury yields surged. Here’s a look at how sports-related stocks performed:

Up:

Allied Esports Entertainment Inc. (NASDAQ: AESE) gained 11.89%

ViacomCBS Inc. (NASDAQ: VIAC) gained 4.79%

Columbia Sportswear Company (NASDAQ: COLM) gained 1.60%

Down:

Penn National Gaming, Inc. (NASDAQ: PENN) dropped 10.11%

Scientific Games Corporation (NASDAQ: SGMS) dropped 9.23%

Camping World Holdings, Inc. (NYSE: CWH) dropped 6.32%

(Note: All as of market close on 3/18/21)

What to Watch

What to Watch

The Los Angeles Lakers (27-13) host the Charlotte Hornets (20-19) tonight. The teams have not met since the Lakers beat the Hornets by 19 points last October.

How to Watch:

10:30 p.m. ET on NBA TV

Betting Odds:

Lakers -8 || ML -350 || O/U 224.5

Pick: The Lakers have won three straight, and the Hornets are trending upward, having won four of their last five. But LeBron is seeking his 100th career triple-double, and will probably go off after LaMelo said he didn’t grow up watching The King. Take the Lakers to cover and lean under.

Who ya got? Reply to this newsletter with your prediction for the Hornets-Lakers winner, final score, and high scorer. Nail it, and you get a mention in Friday’s FOS PM. Don’t forget to include your Twitter handle.

Shoutout: On Wednesday, we asked FOS readers to pick the winner, final score, and high scorer of the Clippers-Mavericks tilt. The Mavericks won 106-89; Luka Doncic was the high scorer. Everyone who replied picked the Clippers to win, and no one expected Doncic to drop 42.

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Written by Abigail Gentrup, Amanda Christovich, Owen Poindexter

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