Sports Radio News
DraftKings Acquires VSiN
“DraftKings is about to become an even bigger player in the sports betting content space by acquiring VSiN.”
DraftKings is about to become an even bigger player in the sports betting content space. Announced this morning, the company has acquired VSiN.
The Vegas Sports Information Network, which launched in 2017 under the guidance of Brian Musburger, arrived on the sports betting scene by placing a heavy focus on delivering trusted sports betting information for gambling enthusiasts across different platforms. They struck a deal with the South Point Casino to serve as their home base (Circa has also become a key partner for where VSiN produces content) and established multiple partnerships to showcase their talent and content on radio, television, and digital platforms. Among those partnerships included Comcast Xfinity, Sling TV, fuboTV, Roku, Rogers’ Sportsnet, MSG Networks, Marquee Sports Network, iHeartradio, and SiriusXM. The company no longer broadcasts on SiriusXM and is planning to expand its footprint in the sports radio space in the near future.
The growing reach of VSiN combined with its strong Las Vegas presence made the company appealing to DraftKings, who will now look to use the company’s talent and content to reach sports gamblers thru its mobile sports betting app. Terms of the deal were not disclosed, but DraftKings is said to have more than enough cash on hand to cover the cost. The company finished 2020 with $1.8 billion in cash on its balance sheet, and announced earlier this month that they’d be raising another $1 billion through convertible notes. The company raised its Fiscal 2021 revenue expectations in February from $900 million to $1 billion, surpassing their initial projection of $750 million to $850 million.
“This is a big jump-start for our content capabilities,” said Matt Kalish, the president of DraftKings, North America. “There’s endless demand for sports betting content these days, and we’ve started to dabble in that a little bit, through our relationship providing odds to Turner, or odds overlays in UFC broadcasts. There’s more and more demand for this type of content and VSiN really gives us that capability to get to the next level.”
Kalish said VSiN will retain its name and editorial independence as part of the agreement. The Las Vegas-based company will be asked by DraftKings to create content to help the company acquire more customers and increase media partnerships. DraftKings will also make their odds available to VSiN for use during broadcasts. VSiN will still have the ability to use odds from different sportsbooks during programming despite having a new owner.
VSiN is home for a number of familiar on-air talent including Michael Lombardi and Brent Musburger. The company’s morning show ‘Follow The Money‘ hosted by Mitch Moss and Pauly Howard has also gained traction thru television partnerships. The executive team of Brian Musburger, Stephan Shelanski, and Bill Adee is expected to remain intact. Dan Mason will give up his position as Chairman but remain involved with the company in a strategic advisory role. SeventySix Capital’s Wayne Kimmel dove deeper into VSiN’s growth and the DraftKings merger with Mason. To watch the video click here.
Sports Radio News
Buck Reising: I ‘Don’t Have Any Kind of Edict’ To Promote MLS
“I’m not going to call you a mouth breather, but I’m saying that you’re displaying the behavior of one if you don’t realize the impact this is about to have on Apple’s bottom line to acquire the biggest international star in sport.”
Lionel Messi is coming to America. The biggest star in sports is leaving Paris St. Germain to join Major League Soccer’s Inter Miami. Buck Reising thought the story was big enough to devote a few minutes to on Wednesday. One of his listeners disagreed.
A texter calling himself TN Berg wrote, “I don’t understand. I understand they have to push it because of Nashville SC, but nobody even watches it lol. It’s Miami Marlins attendance.”
Reising took exception to the idea that he and his producer, Lucas Panzica are forced to talk about Major League Soccer on 104.5 The Zone because there is a franchise in the market.
“We don’t have any kind of edict to push anything,” he said. “Lucas is the voice of Nashville SC. I am curious to know, as somebody who is not a soccer diehard, but who is interested in the United States acquiring the biggest international sports star going at this point, what that means.”
Messi is on the short list when soccer fans discuss the best player in the history of the sport. He joins a long line of international stars that come to the United States in the final days of their playing career.
Resising added that the MLS luring Lionel Messi to Miami is bigger than just a soccer story. The league made a deal last year with Apple TV+ for national coverage of all of its games. Messi will receive a percentage of all of the money generated from those subscriptions. That makes his signing a business story in Buck Reising’s eyes.
“I understand you may not be considering all the different things,” he said directing his frustration at the texter. “I’m not going to call you a mouth breather, but I’m saying that you’re displaying the behavior of one if you don’t realize the impact this is about to have on Apple’s bottom line to acquire the biggest international star in sport.”
Sports Radio News
Boomer and Gio Caller Explains Saudi Investment Realities vs. Media Narrative
“This might get a lot of notoriety, but it’s a different thing.”
Following Tuesday’s news of the merger between the PGA Tour, DP World Tour and LIV Golf, jolting reactions of astonishment and betrayal pervaded the sports and media landscape. The entities are set to operate as one commercial company with a name to be determined in the coming future, marking a seminal moment in the history of golf. The agreement also ended litigation between the PGA Tour and LIV Golf, and gave the Saudi Public Investment Fund (PIF) ostensible purview regarding the evolution of the game.
Most players found out on Twitter, and even LIV Golf CEO Greg Norman was informed of the news shortly before its public announcement via a phone call. All of the eccentricities and nuance embedded in this type of situation has led sports fans to wonder whether this is just the metaphorical ‘tip of the iceberg’ for the PIF to expand its sphere of influence in the industry.
“I think it’s going to lead to the other sports doing the same thing,” Dennis, a caller on WFAN’s Boomer & Gio said. “If you have a league or commissioner – MLB; NBA; whatever it is – I think that they may do the same thing. Start their own league; get their own players on the backend or have a big name; give them these big contracts and kind of stir the pot for other leagues to do the same thing.”
The original source of indignation between the PGA and LIV Golf can be traced back to the launch of LIV Golf and its attempt to lure away players from the PGA Tour. The tour was successful in its mission, attracting stars such as Dustin Johnson and Phil Mickelson, and ultimately resulted in an unexpected, somewhat brash announcement of the agreement.
It has been a topic of discussion across sports media, but one that is perhaps more hyperbolic than it needs to be – at least according to another show caller who works on Wall Street.
This caller, named Mike, said that he visited Saudi Arabia and met with the Public Investment Fund, along with the fact that many businesses already have some presence or involvement with Saudi Arabia.
“The media makes it out to be a big deal, and I sort of look at it and say, ‘Everybody’s there. Everybody is there,’” Mike articulated. “This might get a lot of notoriety, but it’s a different thing.”
Mike divulged how golf was vulnerable to this kind of a transaction because all of its players are independent contractors who sign agreements with different tours to compete. Conversely, athletes in Major League Baseball, the NBA and the NHL are all under contract, and they could only be lured away through free agency or buyouts.
“The total adjustable market of players that could actually [be] picked off at any one time is basically 100% of all players [in golf],” he stated. “It’s much, much easier to pick off a large swath of players when nobody is really under contract.”
“That’s why we thought Kyrie Irving would be the perfect guy to lead the NBA over there because he’s a free agent right now and no one’s going to give him a supermax [contract],” co-host Boomer Esiason opined.
Despite the difficulties associated with the leagues being able to sign players affiliated with teams in contracts, show co-host Gregg Giannotti believes the affluent Saudi Public Investment Fund will try another way to carry out its mission. The entity simply has too many investors and is flush with cash; therefore, it may consider trying to own teams outright.
“I just don’t think that’s going to stop them,” Giannotti said of the composition of players available. “I know exactly what you’re saying, and it’s a great point and it was a very, very good call, but I still think they’re going to try.”
“I don’t see the NHL playing in Riyadh any time soon to try [and] get rid of the players’ escrow plan,” Esiason replied. “As much as Gary Bettman would love to do that and the players would love to do that, I don’t think hockey is the No. 1 thing over there.”
Esiason believes the PIF is more captivated by the allure of traditional events, such as horse racing, boxing and Formula 1 racing among others. He would not be surprised to hear about interest in acquiring a stake in some of them, an outcome that could aggravate geopolitical affairs because of the country’s human rights record.
“The hypocritical nature of what’s going on here, and all the things that had been said over the last year, and then, all of a sudden, after Jimmy Dunne reaches out to the Saudi investment fund… now everything changes,” Esiason said. “Oddly enough, he gets put on the PGA Tour’s board for policy.”
Sports Radio News
Joe DeCamara: I Hate Giving Chris Simms Attention
“Chris Simms got a football scholarship years ago, clearly not an academic scholarship because the guy’s a moron.”
There is no love for Chris Simms on 94 WIP. Wednesday morning, host Joe DeCamara made his feelings on the former Buccaneers quarterback clear.
“Chris Simms got a football scholarship years ago, clearly not an academic scholarship because the guy’s a moron,” he said after seeing that Simms had Jalen Hurts ranked seventh among NFL quarterbacks.
In April, Hurts signed a five-year contract that makes him the highest paid player in the NFL each season. That comes on the heels of him leading the Philadelphia Eagles to the Super Bowl in a season in which he was a legitimate MVP candidate.
“I almost hate bringing this up because I feel like it gives Chris Simms attention that I don’t really want to give him,” DeCamara said. He noted that the quarterbacks Simms ranked ahead of Hurts include Patrick Mahomes, Josh Allen, Justin Herbert, Joe Burrow, Lamar Jackson, and Trevor Lawrence.
DeCamara’s partner, Jon Ritchie, said that this is actually progress for Hurts as far as Chris Simms is concerned. In 2021, Simms did not even rank Jalen Hurts among his top forty quarterbacks. Last year, he ranked Hurts number 25.
According to Ritchie, Putting Jalen Hurts in the top ten this year is Simms admitting that Hurts is valuable without having to say that his previous rankings were absurd.
“There’s still some spite,” Jon Ritchie said. “There’s still some ‘Hey, I can’t disprove myself by allowing for Jalen to be where he belongs,’ which is the top two quarterbacks in this league.”
DeCamara encouraged listeners to call in and talk about how dumb Chris Simms and his list are. Ritchie said that the piece is clearly a troll job. The show is just giving it more life and attention it doesn’t deserve.
“We’re giving it life, but you know what? We’re giving it life so people can just stomp out Chris Simms,” DeCamara responded. “So, whack away! It’s a whack away day.”
This isn’t the first time Simms has caught heat from Philadelphia. Last year, WIP afternoon host Jon Marks said the NBC football analyst “sounds so silly” for remaining committed to doubting Jalen Hurts after the quarterback had clearly proven him wrong.