The PGA Championship teeing off yesterday with Scotty Scheffler among the leaders after one day of action.
And joining me to break this down and a lot more we have to get to is Rick Horrow, FINTECH.TV's sports business analyst and CEO of Horrow Sports Ventures.
Rick, good morning.
And I know you are enjoying the hot, great weather in Florida.
How's it going today?
Yes, great.
No, but listen, PGA Tournament played a little bit of golf yesterday, going to go out again today.
Here's the thing about the PGA Tournament, as you know, economic impact, about $125 million in Philadelphia and 200,000 spectators.
Interestingly, it's early enough, so we don't know who the leaders are yet to win.
Six people tied at 3 under as we do this.
It's not live live $6 billion collapsed.
So now we're going to see how that all conglomerates.
The thing about Philly, by the way, Johnny, is the two teams, the basketball, the hockey team, eliminated in the 2nd round, sweep, sweep.
Phillies stink.
So now we have golf.
So Rick, golf is great, but tomorrow all eyes on the ponies.
The Preakness Stakes, the 2nd leg of the Triple Crown running tomorrow in Maryland.
No Triple Crown chances here, but Derby winner Gold Temple sitting this one out.
2nd straight year, the Derby winner skips.
The field is wide open.
Rick, what are you watching for when it comes to this?
I'm watching a $50 million economic impact for a race, by the way, I don't know if you knew, but Secretariat won the Preakness in 1973 at 1 minute 53.
I don't know if I can do anything in 1 minute 53 that's going to net me $50 million but that's The way the finances tumble and a $2 million purse, it takes some luster off quite clearly at the end of the day, the female trainer, the record handler at the Derby of $340 million it doesn't translate over to the Preakness, but it's anybody's race.
Rick, let's get into this because this is interesting.
There's a lot going on down south.
Let's talk college football.
The SEC is having quite a week.
Coaches going after each other.
Ole Miss under fire.
Another Georgia player in trouble with the law.
Rick, what's going on down there?
Is there something in the water down south in Florida and down south in Georgia, and Ole Miss?
What's going on?
Well, I live here and you've been here, so you know that the water is pretty, pretty tarnished.
The SEC has just added a professional fee for a resident psychologist for each, each team.
No, it hasn't happened, but I've got to tell you something.
The economics of the SEC still is the biggest drama related conference.
They Distributed over a billion dollars last year to all of their schools, about $72 million per school, about $200 million more than the year before.
Whether it's drama, whether it's fake, whether it's not, whether it's Lane Kiffin, whether it's Lane Kiffin, whether it's Lane Kiffin.
The bottom line is, the more controversy, the more money.
The more money, the better for the schools.
All right, and let's talk a little bit more about some playoff action taking place this weekend with the NBA and the NHL in action.
On the court here in New York, our hometown team, the New York Knicks, on a long layoff, and then on the ice, the Carolina Hurricanes also getting a long break.
LeBron James' future with the LA Lakers also in doubt.
So what's going on here?
What are you following?
Johnny, how about this for a parallel dynamic for both of them?
NHL average franchises about 2.5 million.
Dollars you've got $2 billion.
Sorry, you've got Carolina, Colorado, Vegas, mid-markets, and then Montreal, Boston, one of those is going to make it a great market.
On the NBA side you've got a $5 billion annual valuation.
You've got Oklahoma City, San Antonio, and Cleveland, Detroit making it, not big markets, obviously, as you said, your hometown Knicks making it.
On each of them, five teams are left.
You've got one.
Major market.
You've got 4 that are smaller, but the storylines are about the players, not necessarily the markets.
You have a quote there about the Knicks.
At the end of the day there are teams coming back like the Knicks, like Detroit, Oklahoma City, and San Antonio.
What a prize on the west side.
And I would invite you to play one on one against Victor Webuyama and see how it turns out.
Awesome, Rick, thank you so much for joining us.
Rick Carl, sports business analyst for FinTech TV.
It's great to see you.
