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Friday, April 19, 2024

Jamelle Bouie - Last year, the United Auto Workers announced an ambitious plan to organize workers and unionize foreign-owned auto plants in the South. Wednesday, 4,300 workers at a Volkswagen factory in Chattanooga, Tenn., began voting on whether to unionize. The mere potential for union success was so threatening that the day before the vote began, several of the Southern Republican governors announced their opposition to the U.A.W. campaign. read more


Thursday, April 18, 2024

A top leader of the national conservative group Turning Point Action, which has amplified false claims of election fraud by former president Donald Trump and others, resigned Thursday after being accused of forging voter signatures on official paperwork so that he could run for reelection in the Arizona House. read more


In a classified addendum to Russia's official - and public - "Foreign Policy Concept of the Russian Federation," the ministry calls for an "offensive information campaign" and other measures spanning "the military-political, economic and trade and informational psychological spheres" against a "coalition of unfriendly countries" led by the United States. read more


President Biden delivered a flurry of attacks on former President Donald J. Trump during a Tuesday speech. He laid out his vision for a fairer tax code, including raising rates on the wealthy and corporations and using the money to expand the economy and help working families. Then Biden added, "If Trump's stock in his Truth Social company drops any lower, he might do better under my tax plan than his." read more


Record rains that inundated the United Arab Emirates and surrounding countries, killing at least 18 people in Oman and bringing air travel to a standstill in Dubai, were expected to continue into Wednesday, the authorities said. Dubai typically records around five inches of rain in a year. The deluge that fell by Tuesday evening alone equaled that amount. read more


Comments

#62 | POSTED BY TONYROMA AT 2024-04-18 10:11 AM | FLAG: (CHOOSE) | FUNNY: 1

I love it when I present people with accurate information and then they want to make that presentation about me. I'm not "invested" in anything but gathering and analyzing information as it's presented to me.

Caitlin Clark's Impact: Iowa's economy soars by $82.5 million thanks to star athlete

According to Iowa City mayor Bruce Teague, Clark and her teammates contributed a staggering $82.5 million to the local economy during their time at the University of Iowa.

The economic impact of Clark and the Iowa women's basketball team cannot be overstated. The team's success led to sold-out arenas and a surge in attendance at games. Local businesses, particularly restaurants and bars, benefited greatly from the increased foot traffic on game days.

And it seems I'm not the only one seeing the coming 360 degree impact of Catlin Clark:
Caitlin Clark Projected Net Worth 2024: How Rich Will The WNBA Star Be?

*Monumental Earnings Potential: Caitlin Clark's trajectory in financial gains is shaped by her historic achievements in NCAA basketball and high-profile endorsements.

*Wealth from Diverse Sources: Her income stems from her athletic prowess to earn a WNBA salary and significantly from endorsements with leading brands, illustrating the multifaceted nature of income for elite athletes.

*Marketing Magnet: Caitlin's partnerships with global corporations underscore her appeal as a marketing powerhouse, which bolsters her overall financial portfolio.

*Bright Financial Future: Given her success and marketability, Caitlin's economic prospects in the sports industry look exceedingly favorable.

*Broader Impact: Beyond earnings, Caitlin's influence extends to societal contributions and role modeling, enhancing her value beyond just sports.

Conclusion

Caitlin Clark's ascent in women's basketball is not merely a narrative of sports success but a testament to the evolving dynamics of athlete earnings and influence. Her current path shows the potential for substantial wealth accumulation through strategic endorsements and professional basketball contracts against her groundbreaking athletic achievements.

Some of the same factors at play in Tiger's ascent to becoming a billionaire are in play for Caitlin Clark, as highlighted by the bullet points above. It's completely fair to view both of them at the earliest stages of their professional careers to draw on apt contrasts as well as comparisons.

It's stupid to ignore that Clark has already been responsible for well over $100 million of economic impact generated from simply playing her scheduled games. And that impact will be spread amongst 11 other WNBA cities as people travel there to see her play and end up spending millions in local businesses that otherwise wouldn't be spent there. This has already happened, it's not a guess of what might occur.

The only unknown is just how much total revenue she and her fellow W players will end up generating especially as new doors open for marketing opportunities for all teams and franchises that heretofore haven't existed.

Really?

Yes really. But why do you keep trying to conflate economics with other factors? Of course she's not going to have the cultural/social impact just like Tiger, but she's already having a cultural impact by attracting both young and old to watch her play that weren't interested in womens basketball before.

Where she's like Tiger will be her economic impact on the league and other players and enterprises tied into both. She's getting ready to sign the most lucrative shoe contract in woman's history with Nike. Sound familiar? Tiger did the same thing for golfers with his initial contracts, and his bending of the curve in popularity/marketability began long before he joined the PGA. CC is heading into economic-impact territory that no woman has occupied before.

A single CC game can be worth millions to the city where it's played. This is already quantified by her college journey. And the W's placement in the sports calender and its lack of competitors will only enhance the effect her popularity has already established.

Until we know, we're not going to know, but that's how I see it for the reasons I've listed ad nauseum. We'll all see what happens within the next handful of months. But I'm watching what's happening every single day already, which is why I feel so strongly about my predictions. They're not as much forward looking as they are historically based. This is what happens to America's sports darlings (both male and female) when they transcend their sports and become singular celebrities and marketing juggernauts in their own right.

#49

Your apple/oranges comparison of sports shows you have little idea how things really work. The largest NBA arena seats 23K. Some football stadiums can seat 100K+, but most NFL stadiums are between 60/80 thousand. Baseball stadiums are typically between 40-50K and they play 81 home games per season.

The W plays 40 games per season in the summertime, a non-traditional time for the sport.

No one is making any claims that women's sports is poised to dominate television ratings. The point being made is that interest in Caitlin Clark has been outsized compared to the numbers you noted when compared to ALL sports viewing combined. More people watched her, her team, and competitors in the NCAA tournament (18.9M) than ANY OTHER TELEVISED SPORTING EVENT since 2019 besides top NFL games and Olympic coverage.

The fact that 2.45 million people watched a DRAFT when the actual W Finals competition only averaged 1/3 the eyeballs proves that her presence is peaking public interest in numbers never seen before.

The comparison isn't against other non-sports programming, it's about how she's bringing eyeballs on tvs and putting butts into seats in unprecedented numbers. Those numbers are going to translate into a spike in revenues for all those who stand to profit from the wave she's riding.

Am I certain the viewership numbers will remain at the NCAA tournament level? Highly unlikely. But what is almost a lock to happen is an increase in viewership related to her in multiples of current norms which in turn will help popularize the other teams and opponents within their own cities and regions brought to the game through their interest in her.

So, attendance is headed towards new records and it's likely the Fever will sell out every game they play this season, home or road; television ratings will hit new highs for WNBA viewership on all the network's platforms; and she'll continue to reap larger and larger personal endorsement contracts as companies will want to tie themselves to this popular comet that only comes around once or twice in a generation.

CC is simply the perfect storm of marketing opportunity meeting otherworldly skill, desire, and talent that will drive billions of dollars in revenues for those fortunate enough to be in her wake.

Just off the top of my head, I'd say the W (that's what the hip kids are calling it... /s) commish underestimated the next media rights deal by magnitudes of 100s of Million$. This story is full of viewership numbers which have never been reached by any female athlete and her sport that are higher than every sport other than the NFL.

But the absolute proof that Caitlin will usher in a new era of womens basketball viewers from all key demographics and one very special demographic - the NBA can't match and would like more eyes from to view its games too - : Women 18 - 54.

And with bettors interested in everything she does (there's a bet site ad with Caitlin prop odds for her entire first season's totals shown in the story), bet sites themselves will likely sign onto W partnerships as the increasing popularity of the league will add to their own bottom lines with increased nightly handles.

And because of - and fueled by - betting, men basketball fans are definitely planning to tune in and watch this basketball savant move to the next level and then find themselves hooked by the competitiveness and talent of all the W's best players. Above, some were asking why the NBA is more lucrative than the W. It's percentage growth in value from here on out will dwarf the NBA's - maybe until a day comes where they become nearly equivalent?

The money is already being spent and the numbers of eyeballs wanting to see Caitlin keep on increasing. I live in Indianapolis. People here already realize that Elvis is entering the building and she plays a game that everyone wants to see, watch and enjoy. That last word is key: Everyone seems to enjoy watching Caitlin do her thing, and that is a power few individuals engender on the scale that she does. I'm calling it right now. Caitlin Clark will be the first female athlete billionaire - and it won't take her as long to get there as it did Tiger Woods.(Thanks inflation!)

OT

Is Caitlin Clark's star power strong enough to spike WNBA fandom?

The WNBA, which relies on its partnerships as a large source of revenue, could see an influx of new companies interested in working with the league to be tied to Clark, and the Fever could see a boom. Clark's effect on television ratings could have even more significant implications for the future of the WNBA. Ratings for the WNBA increased last season. The finals averaged 728,000 viewers across ABC and ESPN - the highest in 20 years. Yet Clark's presence is likely to make the league more bullish as it enters those discussions.

South Carolina's win over Iowa in the title game was seen on ABC by 18.9 million viewers, with a peak audience of 24.1 million - a 90 percent increase from the 2023 title game and a 289 percent increase from 2022. ESPN said it was the most-watched non-football or Olympics sporting event (men's or women's, college or pro) since 2019. The game broke viewership records that were just set days before in the national semifinal and Iowa's Elite Eight matchup against LSU. All told, women's college basketball viewership records were shattered across seven different networks in 2023-24, with Iowa taking part in each game.

WNBA commissioner Cathy Engelbert told CNBC she hopes to "at least double" the WNBA's current fees, reportedly about $60 million annually, on its next deal.

Clark's popularity also has impacted the sports gambling market, which could be a way to bring in viewers and consumers. The Iowa-South Carolina championship game was the biggest women's single betting event of all time on FanDuel, breaking the handle record set in Iowa's Final Four matchup against UConn. The title game also featured a 155 percent increase in handle on FanDuel over the 2023 Iowa-LSU championship game, the company said.

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