Eclipsing Expectations: Yankees Shine and Sports World Stirs Under the Solar Shadow | Foster Garvey PC

editor

7 months ago

If you’re joining me as a reader this week, kudos to you for having used proper eye protection for the solar eclipse. This week, between the college basketball season coming to an end, and the NBA and NHL’s regular season winding down, I wanted to focus in on the young baseball season—namely, my beloved New York Yankees. It’s early, but something about this year’s team is special and exciting. Newcomers (Juan Soto, Alex Verdugo and Marcus Stroman) have stepped seamlessly into the lineup alongside other big names like Aaron Judge and Giancarlo Stanton and have already contributed remarkably not only on the field but to the team’s culture.

Meanwhile, young prospects Oswaldo Cabrera and to a greater extent, Anthony Volpe have become rising stars. The team chemistry and energy is palpable and has already propelled these “DAWGS” to a a handful of come-from-behind victories en route to the best record in the MLB. The established talent and star power (and yes, substantial payroll) of the Yankees roster—as in years past—has never been in doubt. Yet, the Yankees have consistently underperformed for a decade. The lesson? You can have all the talent in the world on your team (an agent, a business manager, a lawyer), but without quality people around you to support and motivate you as a family would (in good times and bad), you’re unlikely to reach the heights you aim to achieve. Through the first few weeks of the season, the Yankees appear to have something.

eBay purchases major sports memorabilia auction house Goldin Auctions from Collectors Holdings. Not only was the transaction motivated by an apparent desire to compete with Fanatics, but also free shipping and a 99.8% Feedback Score.
This week Los Angeles Dodgers superstar Shohei Ohtani’s former interpreter Ippei Mizuhara was charged by U.S. Attorney’s Office for bank fraud, allegedly stealing $16 million from Ohtani for illegal gambling (talk about surrounding yourself with the right people!). In uncovered text messages to his bookie, Mizuhara damningly says “technically I did steal from [Ohtani]. It’s all over for me.” To my chagrin, there was no text reading “Ohtani boyyy, the Feds, the Feds are calling.”
Step aside pickleball, the sport professional curling (essentially an icy version of shuffleboard with large kettle-sized stones and brooms) may be taking a move into the mainstream with a strategic acquisition by an investor group with lofty ambitions for the sports. But with the amount of ice dwindling on the planet, it might be a better investment to put the big bucks behind sports that can be played on barren wastelands.

Endorsement Deals, Sponsorships & Investments

Public firm, ahead of Masters, inks sponsorship deal with pro golfer
April 10, 2024 via Biz Journal

Goldin Auctions Acquired by eBay From Collectors Holdings
April 10, 2024 via Sportico

Bacardi Inks Its Biggest Celeb Deal With Camila Cabello As the Global Face of the Brand
April 9, 2024 via AdWeek

Rothmans’ Giddon, Jeremy Argyle’s Guttman Create Dilly Life Pickleball Brand
April 8, 2024 via Women’s Wear Daily

Cognizant eyes Indian sports leagues after debut sponsorship in US Major League Cricket
April 8, 2024 via Moneycontrol

Direct NIL Payments Could Be Final Nail in Amateurism’s Coffin
April 8, 2024 via Sportico

Sports

Shohei Ohtani Could Be Cleared by a Mizuhara Guilty Plea
April 11, 2024 via Sportico

Wild ‘It’s All Over for Me’ Text From Shohei Ohtani’s Interpreter to Bookie Revealed in Criminal Complaint
April 11, 2024 via Sports Illustrated

Disputed T-Wolves Sale May Force NBA Rule Change, Silver Says
April 10, 2024 via Sportico

Preparations underway to ensure region is World Cup-ready
April 8, 2024 via New Jersey Biz Daily