The Second Annual All-Star Weekend Business Inside the Game (BIG) Brunch happened Sunday in Charlotte, NC, at Sophia’s Lounge at The Ivey’s Hotel. Athletes, entrepreneurs, influencers and more were in attendance. The topics on the table were all issues concerning the business aspect of being a player, both on and off the court.
Founder, Baron Davis, started BIG as a platform to help assist athletes, artists, entertainment professionals, entrepreneurs, venture capitalists, and investors with insights into how business dealings work behind the scenes.
This year’s panel was filled with experts in building businesses, brands and platforms that utilize tech resources that have become more readily available — social media, branding tools, venture capital, and digital marketing. The Commissioner of the NBA Adam Silver also made a special appearance and dropped some knowledge as an impromptu panelist.
Speakers among the panel included:
- Baron Davis, Moderator, Founder of BIG
- Noah Lichtenstein, Advisor at Teamdom
- Robert Smith, Venture Capital Consultant
- Chloe Pavlech, Digital Content Manager, Overtime Sports Network
- Jon Stewart, NFL Pro Bowl Running Back
- CJ Anderson, NFL Super Bowl Champion
- Josh Luber, CEO, StockX
- Chris Lyons, Chief Of Staff, Andreessen Horowitz
- Ro Parrish, NBATV
- Adam Silver, NBA Commissioner
- And More!
Robert Smith, Venture Capital Consultant, said it best,
“people are stingy with the true knowledge behind the business inside the game,”
and that’s exactly why BIG was created. The conferences, brunches, experiential events and more help facilitate those conversations and lift the veil — so many more can succeed off the court.
BIG aims to help those in entertainment create wealth, understand branding and provide insight into how the business side actually works. The ultimate goal is to help athletes establish themselves entrepreneurially, even after they leave the league.
As a panelist, Noah Lichtenstein, Advisor at Teamdom, added,
“athletes and entertainers, their brands are so much more powerful than they were years ago, and that’s because of technology. You look at who’s driving culture, who’s driving the value creation for these platforms like Instagram and Snapchat, etc… Yet, these content creators are not actually seeing the value — the equity, the ownership, in what they’re helping to create value around.”
BIG works to bring awareness around these opportunities and help athletes rise out of just the influencer role and start becoming stakeholders in the value they create.
Here are some highlights from the Second Annual All-Star Weekend Business Inside The Game Brunch. Each speaker brought something different to the table. Watch for Adam Silver’s comments, insights and hard truths, as well as how NFL Super Bowl Champion CJ Anderson markets himself on and off the field to maximize his ability to monetize his brand and create value for stakeholder opportunities.
Stay tuned for more from Business Inside the Game.
Chris Paul May Start Year in OKC With No Trade Imminent
When Chris Paul become a member of the Oklahoma City Thunder in a trade for Russell Westbrook last week, it was assumed that it would only be a pit stop for Paul.
As soon as the deal was done, reports were that Paul was already being shopped by Thunder GM Sam Presti, as he tried to shed payroll in preparation for a rebuild.
Unfortunately this is the worst time to try to move a significant contract, as it is near the end of the free agency and other teams have very little financial flexibility. Because of his limited market, it looks like Paul may stay in OKC for the near future.
The only team that seemed to have interest in Paul was the Miami Heat, as they look to pair a second star alongside their newest addition, Jimmy Butler.
Paul had mutual interest in playing for Miami, where his good friend Dwyane Wade called home for all those years.
Trade talks stalled though when Miami asked for their two first round picks back from the Thunder, which they acquired as part of the deal that sent Paul George to the Clippers.
Because of the Stepien Rule, which states that team’s can’t trade their first-round picks in consecutive years, the Heat can’t trade another first-rounder until 2024 at the earliest.
The Thunder own Miami’s 2021 and 2023 first-round picks, the latter of which is heavily protected. Because of those protections, the Heat also won’t be able to move another pick until that one is used by the Thunder.
So the motivation to get those picks back is obvious for Miami, as they are staring at the possibility of not being able to trade another first-round pick until 2026 when that pick becomes unprotected.
For the Thunder, trading two first-round picks would be tough to swallow as they got two first-rounders along with Paul, so in some regards using picks to get off that contract equates to them trading Westbrook for nothing.
If Paul does in fact start the season with the Thunder, you have to wonder how bad they will really be. Last year, the Thunder went 49-33 and made the playoffs.
While they lost Westbrook and Paul George, they have added Paul, Danilo Gallinari and Shai Gilgeous-Alexander giving them a surprisingly solid roster to compete in the Western Conference.
Enes Kanter Already Becoming a Fan-Favorite in Boston After Taking Shot at Kyrie
The Boston Celtics announced their newest two members in a press conference today, as Kemba Walker and Enes Kanter were introduced to the media.
Walker may be the headliner, but Kanter is the type of player that offers the media great headlines, as he has always spoken his mind and is a great quote.
Well, Kanter got the whole room laughing at the press conference when he was asked why he chose to wear the No. 11.
When Kanter says that, “He wants to be the last guy to wear it,” he is referring to a quote from Kyrie Irving when he was introduced to the media a few short years ago.
At the time, Irving was still loyal to Boston and was at least articulating the notion that he would be so good that his number would one day be hanging in the rafters.
Now Kanter is wearing the No. 11 for the Celtics, while Irving is hoping to get his number up in the rafters of the Barclays Center for the Brooklyn Nets.
With Kanter’s sense of humor and hard-nosed intensity on the floor, is is sure to become a fan-favorite in Boston. If he isn’t one already.
Klutch Sports’ to Become Part of United Talent Agency’s Sports Division
Klutch Sports is the sports agency run by LeBron James’ close friend and agent Rich Paul. Klutch represents many of the best basketball players in the NBA, namely LeBron’s newest teammate Antony Davis.
Paul has been building out an impressive client list ever since leaving CAA to form his own agency back in 2012. Now his work is paying off in a big way, as Klutch is set to become part of one of the biggest talent agencies in the world.
United Talent Agency is a major player in Hollywood, representing big-name movie stars such as Kevin Hart and Angelina Jolie.
Up to this point, United Talent did not have their own sports division, so they are essentially making Klutch that division. As part of the deal, Paul will still operate Klutch under that name, but will also be the head of UTA sports.
For years the narrative around Klutch is that it was a somewhat puppet agency for LeBron, where the NBA superstar could represent his friends and wield massive power in the league, with Paul just being the face.
While it is clear that Klutch’s motives align with LeBron’s at times, such as when Davis forced his way to the Lakers, this deal is more about Paul than it is about LeBron.
One of the biggest talent agencies in the world is looking at Paul and saying they want him to be the face and voice of their sports division. Having LeBron as a client surely helps that image, but it is still one that Paul has earned on his own.
Three years ago, Phil Jackson came under fire when he referred to LeBron James’ close friends and business associates as his posse.
James argued in behalf of his friend and all the hard work they have done to become the best at what they do in their respective fields.
As we see the massive success of Paul as an agent and Maverick Carter as a producer, it is about time we give these men the credit for the success that they have earned, rather than just giving all of that to LeBron.
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