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	<title>King Morland &#187; Business</title>
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	<description>Mostly Sports, Sometimes Not.</description>
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		<title>Why Apple’s iTunes Needed The Beatles</title>
		<link>http://www.kingmorland.com/2010/11/17/why-apples-itunes-needed-the-beatles/</link>
		<comments>http://www.kingmorland.com/2010/11/17/why-apples-itunes-needed-the-beatles/#comments</comments>
		<pubDate>Wed, 17 Nov 2010 14:31:03 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Music]]></category>
		<category><![CDATA[apple]]></category>
		<category><![CDATA[beatles]]></category>
		<category><![CDATA[itunes]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=3407</guid>
		<description><![CDATA[There has been speculation for years that the catalog of music from The Beatles was going to be available on Apple&#8217;s iTunes music store.  For each announcement from Apple that something was going to change with iTunes, people threw up their pre-saved blog posts and reactionary tweets and facebook updates about how the Fab Four [...]]]></description>
			<content:encoded><![CDATA[<p>There has been speculation for years that the catalog of music from The Beatles was going to be available on Apple&#8217;s iTunes music store.  For each announcement from Apple that something was going to change with iTunes, people threw up their pre-saved blog posts and reactionary tweets and facebook updates about how the Fab Four were finally going to be available on the world&#8217;s largest MP3 store.  Sure, most people who love The Beatles already owned their albums and had them on their iPods, but it was still big news that they were coming to iTunes.</p>
<p>Well, the wait is over.  The Beatles are here:</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/11/Screen-shot-2010-11-17-at-9.09.34-AM.png"><img class="aligncenter size-full wp-image-3408" title="Beatles on iTunes" src="http://www.kingmorland.com/wp-content/uploads/2010/11/Screen-shot-2010-11-17-at-9.09.34-AM.png" alt="" width="984" height="631" /></a></p>
<p>But everyone already owns all The Beatles songs, right?  So why is there such a big deal made about iTunes getting music available for a band that everyone already has on their iPods?  Well, maybe it&#8217;s not everybody.  As of right now, less than 24 hours after The Beatles became available on iTunes, 17 of their albums are in the Top 50:</p>
<p>#7 Abbey Road<br />
#8 White Album<br />
#9 Sgt. Pepper&#8217;s Lonely Hearts Club Band<br />
#11 Beatles Box Set (and selling for $149!)<br />
#13 Blue Album<br />
#16 Red Album<br />
#18 Rubber Soul<br />
#20 Revolver<br />
#21 Magical Mystery Tour<br />
#22 Let It Be<br />
#26 A Hard Day&#8217;s Night<br />
#28 Please Please Me<br />
#29 Help!<br />
#31 With The Beatles<br />
#34 Past Masters Vols 1 &amp; 2<br />
#36 Beatles For Sale<br />
#46 Yellow Submarine</p>
<p>The Beatles are also all over the Top 150 singles list:</p>
<p>#20 Here Comes the Sun (my favorite Beatles song)<br />
#25 Let It Be<br />
#36 Come Together<br />
#52 With a Little Help From My Friends<br />
#53 Hey Jude<br />
#65 White My Guitar Gently Weeps<br />
#67 Twist &amp; Shout<br />
#68 Let It Be (I don&#8217;t know why it&#8217;s listed twice)<br />
#74 Eleanor Rigby<br />
#74 A Day In the Life<br />
#77 I Saw Her Standing There<br />
#78 Twist and Shout (also listed twice)<br />
#79 Ob-La-Di, Ob-La-Da<br />
#80 Yesterday<br />
#84 Lucy In the Sky With Diamonds<br />
#85 Yesterday (again)<br />
#88 Help!<br />
#89 Something<br />
#96 A Hard Day&#8217;s Night<br />
#99 Can&#8217;t Buy Me Love<br />
#102 Hey Jude<br />
#106 Dear Prudence<br />
#108 Strawberry Fields Forever<br />
#109 Here Comes the Sun (again)<br />
#110 I Saw Her Standing There<br />
#114 I Am the Walrus<br />
#121 You&#8217;ve Got to Hide Your Love Away<br />
#122 When I&#8217;m Sixty-Four<br />
#124 All My Loving<br />
#127 Revolution<br />
#128 Norwegian Wood<br />
#131 Sgt. Pepper&#8217;s Lonely Hearts Club Band<br />
#135 Penny Lane<br />
#140 I Should Have Known Better<br />
#141 Back in the U.S.S.R.<br />
#144 While My Guitar Gently Weeps<br />
#145 Across the Universe<br />
#146 The Long and Winding Road<br />
#147 I&#8217;ll Follow the Sun<br />
#149 Come Together<br />
#150 Hello, Goodbye</p>
<p>That&#8217;s right.  41 songs in the Top 150.  So I guess not everyone owns enough music from The Beatles.</p>
<p>But this is more about iTunes than it is The Beatles.  It&#8217;s no surprise that Steve Jobs loves the band and clearly did anything he could to get their music on his music service.  But the real problem that iTunes had before yesterday is that it wanted to be THE destination for music online and yet it didn&#8217;t have any songs from the greatest band of all time.  How could they consider themselves the best when it didn&#8217;t offer the best?</p>
<p>Well, now they do.</p>
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		<title>Yes, There Are Still Tickets Available for the Miami Heat Home Opener Tonight</title>
		<link>http://www.kingmorland.com/2010/10/29/yes-there-are-still-tickets-available-for-the-miami-heat-home-opener-tonight/</link>
		<comments>http://www.kingmorland.com/2010/10/29/yes-there-are-still-tickets-available-for-the-miami-heat-home-opener-tonight/#comments</comments>
		<pubDate>Fri, 29 Oct 2010 18:23:09 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Basketball]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[NBA]]></category>
		<category><![CDATA[Sports]]></category>
		<category><![CDATA[Chris Bosh]]></category>
		<category><![CDATA[dwight howard]]></category>
		<category><![CDATA[Dwyane Wade]]></category>
		<category><![CDATA[LeBron James]]></category>
		<category><![CDATA[miami heat]]></category>
		<category><![CDATA[orlando magic]]></category>
		<category><![CDATA[ticketmaster]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=3383</guid>
		<description><![CDATA[If you go on Ticketmaster right now you can buy tickets to tonight&#8217;s Miami Heat home opener against the Orlando Magic and sit in section 102, which is in the corner between the baseline and behind the basket. Click on the picture to get a clearer view.]]></description>
			<content:encoded><![CDATA[<p>If you go on Ticketmaster right now you can buy tickets to tonight&#8217;s Miami Heat home opener against the Orlando Magic and sit in section 102, which is in the corner between the baseline and behind the basket.</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/10/Screen-shot-2010-10-29-at-2.20.25-PM.png"><img class="aligncenter size-medium wp-image-3384" title="Miami Heat tickets" src="http://www.kingmorland.com/wp-content/uploads/2010/10/Screen-shot-2010-10-29-at-2.20.25-PM-300x187.png" alt="" width="300" height="187" /></a></p>
<p>Click on the picture to get a clearer view.</p>
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		<title>Miller Lite Becomes the Official Beer of Fantasy Football…Wait, What?</title>
		<link>http://www.kingmorland.com/2010/08/31/miller-lite-becomes-the-official-beer-of-fantasy-football/</link>
		<comments>http://www.kingmorland.com/2010/08/31/miller-lite-becomes-the-official-beer-of-fantasy-football/#comments</comments>
		<pubDate>Tue, 31 Aug 2010 20:58:48 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Fantasy Football]]></category>
		<category><![CDATA[Fantasy Sports]]></category>
		<category><![CDATA[NFL]]></category>
		<category><![CDATA[Sports]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=3242</guid>
		<description><![CDATA[How does this even happen?  Nobody owns Fantasy Football, although apparently Yahoo! Sports thinks it does.  I found the below picture on Facebook today and immediately wondered why anyone would think they could sell an official sponsor of Fantasy Football. Theoretically Bud Light could become the Official Beer of Fantasy Football by ESPN.com or even [...]]]></description>
			<content:encoded><![CDATA[<p>How does this even happen?  Nobody owns Fantasy Football, although apparently Yahoo! Sports thinks it does.  I found the <a href="http://bit.ly/broWB6" target="_blank">below picture on Facebook</a> today and immediately wondered why anyone would think they could sell an official sponsor of Fantasy Football.</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/08/Screen-shot-2010-08-31-at-4.54.05-PM.png"><img class="aligncenter size-full wp-image-3243" title="miller lite fantasy football" src="http://www.kingmorland.com/wp-content/uploads/2010/08/Screen-shot-2010-08-31-at-4.54.05-PM.png" alt="" width="370" height="624" /></a>Theoretically Bud Light could become the Official Beer of Fantasy Football by ESPN.com or even NFL.com, both big players in the fantasy football universe.</p>
<p>What&#8217;s next, Coors Light becoming the Official Beer of Checking Your Fantasy Team Constantly on Sundays?</p>
<p>**UPDATE** Miller Lite is apparently also a proud sponsor of Fantasy Draft Week on ESPN.com</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/08/Screen-shot-2010-08-31-at-8.46.53-PM.png"><img class="aligncenter size-full wp-image-3250" title="miller lite sponsor" src="http://www.kingmorland.com/wp-content/uploads/2010/08/Screen-shot-2010-08-31-at-8.46.53-PM.png" alt="" width="930" height="647" /></a></p>
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		<title>Cablevision Needs to Stop Lying</title>
		<link>http://www.kingmorland.com/2010/08/31/cablevision-needs-to-stop-lying/</link>
		<comments>http://www.kingmorland.com/2010/08/31/cablevision-needs-to-stop-lying/#comments</comments>
		<pubDate>Tue, 31 Aug 2010 18:46:39 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Media]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=3236</guid>
		<description><![CDATA[If you are a cable subscriber, no matter which company you get your services from, I&#8217;m sure you&#8217;ve been bombarded with commercials every day about how much better cable is than Verizon FiOS (or any other phone company television services).  They used to club us over the head with how much we could save getting [...]]]></description>
			<content:encoded><![CDATA[<p>If you are a cable subscriber, no matter which company you get your services from, I&#8217;m sure you&#8217;ve been bombarded with commercials every day about how much better cable is than Verizon FiOS (or any other phone company television services).  They used to club us over the head with how much we could save getting their Triple Play (television, internet and phone), but now they are clubbing the phone companies and telling us how expensive they are versus the cable offerings.  Here is one such advertisement that I constantly see:</p>
<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="480" height="385" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/D7EZXMVGozQ?fs=1&amp;hl=en_US" /><param name="allowfullscreen" value="true" /><embed type="application/x-shockwave-flash" width="480" height="385" src="http://www.youtube.com/v/D7EZXMVGozQ?fs=1&amp;hl=en_US" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
<p>Before I go any further, I must state that I am a Cablevision customer.  I&#8217;ve tried a number of times to switch to a phone company offering (my only option is AT&amp;T&#8217;s UVerse) but because of a lack of certain sports channels and the higher cost, I&#8217;ve stuck with Cablevision.  I&#8217;ve been a subscriber for almost three years and have had a difficult time finding good things to say about the company.</p>
<p>I used to get cable television (with DVR) and high-speed internet for $143.50 per month.  I don&#8217;t have access to my bills back that far, so unfortunately I can&#8217;t break down the specific costs.  However, I received a phone call one day to try to sell me their Triple Play package (I would simply have to add phone service) and my bill would be cut dramatically.  With no need for a phone line, I was hesitant, but if it lowered my bill why wouldn&#8217;t I do it?  So I did.  And how much did I save per month?  $11.64.  That&#8217;s almost $140 per year of savings, so I was pretty happy.  I won&#8217;t get into the fact that the phone number they assigned me was already assigned to a massage and nail salon close to where I live and now I get calls all the time to set up appointments&#8230;</p>
<p>What really bothers me about the entire Cablevision anti-FiOS campaign is how much they slam them for having &#8220;up to $20 in taxes and fees on top of it.&#8221;</p>
<p>Here is how my monthly bill breaks down:</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/08/Screen-shot-2010-08-31-at-2.38.57-PM.png"><img class="aligncenter size-full wp-image-3237" title="cablevision bill" src="http://www.kingmorland.com/wp-content/uploads/2010/08/Screen-shot-2010-08-31-at-2.38.57-PM.png" alt="" width="370" height="365" /></a></p>
<p>So let&#8217;s see here.  $39.95 for cable + $9.95 for DVR + $29.95 for internet access + $29.95 for phone service = $109.80.  That leaves me with $22.06 in taxes and fees, even though they seem to list only $6.66 for that figure, as if &#8220;Additional Outlet&#8221; and charging me for my cable boxes and remotes are not fees.  So looking at this, I should be saving a few dollars in taxes and fees if I switch to the phone company.</p>
<p>Cablevision has me locked in because they are cheaper than the phone company and they have one channel that AT&amp;T UVerse cannot offer me where I live; but enough with the implications that they are fee and tax free.</p>
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		<title>Realizing How Much Money There is Out There…</title>
		<link>http://www.kingmorland.com/2010/08/10/realizing-how-much-money-there-is-out-there/</link>
		<comments>http://www.kingmorland.com/2010/08/10/realizing-how-much-money-there-is-out-there/#comments</comments>
		<pubDate>Tue, 10 Aug 2010 18:24:36 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Business]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=3172</guid>
		<description><![CDATA[There were two stories relating to individual wealth this past week that made me truly reconsider what I thought I knew about money.  My reactions to the two stories actually originated in a recent discussion I had with my younger brother about how there were so many million dollar apartments in New York City and [...]]]></description>
			<content:encoded><![CDATA[<p>There were two stories relating to individual wealth this past week that made me truly reconsider what I thought I knew about money.  My reactions to the two stories actually originated in a recent discussion I had with my younger brother about how there were so many million dollar apartments in New York City and San Francisco and just who were all of these people who could afford to buy them.  While we understood that there were plenty of wealthy individuals in this country, I think we both grossly underestimated just how many there really are here.</p>
<p>The first story that caught my eye was about a report called the <a href="http://www.us.capgemini.com/news/current_news.asp?ID=840">Capgemini 2010 U.S. Metro Wealth Index</a> which &#8220;monitors populations of high net worth individuals within the top ten United States metropolitan statistical areas.&#8221;  New York City topped the list with the most high net worth individuals (defined as &#8220;those having investable assets of $1 million or more, excluding primary residence, collectibles, consumables, and consumer durables,&#8221; or essentially &#8220;millionaires&#8221;), which wasn&#8217;t overly surprising to me.  It is the biggest city in the country and is a world financial marketplace, so seeing New York at the top of the list was expected.  The next nine cities were Los Angeles, Chicago, Washington, D.C., San Francisco, Philadelphia, Boston, Detroit, Houston and San Jose (for those of you that are surprised about San Jose, you might be even more surprised that it is the tenth largest city in the United States).</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/08/madoff.jpg"><img class="aligncenter size-full wp-image-3175" title="madoff" src="http://www.kingmorland.com/wp-content/uploads/2010/08/madoff.jpg" alt="" width="600" height="300" /></a></p>
<p>Scanning the list, I have no problems with it; it seems about right.  I am not necessarily sure there are any cities that I would think belonged ahead of them, so that&#8217;s fine.  But naturally that isn&#8217;t the part of the list that surprised me.  It was the number of millionaires that each city has.  I asked a diverse group of friends how many millionaires they thought New York City had.  The highest guess was 250,000, with the lowest around 1,000; the correct figure, according to Capgemini is 667,200.  <strong>667,200!</strong> That is more than the populations of Boston, Seattle, Baltimore, Denver, Washington, D.C., Las Vegas, Atlanta, Milwaukee, Miami, Cleveland, Oakland, Minneapolis, St. Louis, New Orleans, Tampa, Cincinnati, and Pittsburgh.  That&#8217;s right, there are more <em>millionaires</em> in New York City than there are <em>people</em> in Boston.</p>
<p>Below are the 2010 figures from Capgemini (in a rather helpful map):</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/08/wealth-map.gif"><img class="aligncenter size-full wp-image-3173" title="wealth map" src="http://www.kingmorland.com/wp-content/uploads/2010/08/wealth-map.gif" alt="" width="650" height="493" /></a></p>
<p>I am not quite sure how to react to all of this.  To think that there are this many people with net assets in excess of $1,000,000 is a somewhat staggering realization.  I mean, I always knew there were lots of rich people in this country, but had no idea there were this many.  And yet when you look at it the other way, these millionaires account for less than 2% of the total population in this country.  So how much does everyone else have?  Obviously much less on an individual level.</p>
<p>Well, those who are less fortunate are surely to be helped shortly by the super rich.  The other wealth story that recently got my attention was news of <a href="http://givingpledge.org/#enter" target="_blank">The Giving Pledge</a>, which is a group of American billionaires who have publicly declared that they will donate at least half of their fortunes to charity when they die.  The Pledge was started by Bill Gates and Warren Buffett (pictured below with rapper Ludacris, which seems just that), who have long championed for rich families to donate more money to charity.  While Gates and Buffett are certainly big names on the list, other donors include Michael Bloomberg, George Lucas, Larry Ellison, Paul Allen, T. Boone Pickens and Ted Turner, to name a few.</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/08/gates-and-buffett.jpg"><img class="aligncenter size-full wp-image-3174" title="gates and buffett" src="http://www.kingmorland.com/wp-content/uploads/2010/08/gates-and-buffett.jpg" alt="" width="594" height="408" /></a></p>
<p>Now in all honesty, I am not quite sure what to do with these two bits of information.  On one hand, there are many more millionaires than I ever dreamed of and I still can&#8217;t really get a hold of how it&#8217;s possible.  However, it does explain why there are so many million dollar apartments.</p>
<p>On the other hand, many of these millionaires are spending their money on apartments instead of pledging half of their fortunes to charity (and let&#8217;s be honest here, a million dollars is a fortune to a vast majority of the people in this country).  Not to say that those previously named billionaires are living in two-bedrooms shacks&#8230;except maybe Buffett.</p>
<p>So where does this leave us?  I actually have no idea, but I thought it would be interesting news to pass along.</p>
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		<title>Understanding the “New York” in the New York Knicks’ Plea to LeBron James</title>
		<link>http://www.kingmorland.com/2010/06/30/understanding-the-new-york-in-the-new-york-knicks-plea-to-lebron-james/</link>
		<comments>http://www.kingmorland.com/2010/06/30/understanding-the-new-york-in-the-new-york-knicks-plea-to-lebron-james/#comments</comments>
		<pubDate>Wed, 30 Jun 2010 23:50:57 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Basketball]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[NBA]]></category>
		<category><![CDATA[Sports]]></category>
		<category><![CDATA[Amar'e Stoudemire]]></category>
		<category><![CDATA[Chris Bosh]]></category>
		<category><![CDATA[Dwyane Wade]]></category>
		<category><![CDATA[LeBron James]]></category>
		<category><![CDATA[New York Knicks]]></category>
		<category><![CDATA[Summer of 2010]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=3117</guid>
		<description><![CDATA[While June 22nd may have been the first full day of summer according to the calendar, tomorrow is the first official day of the NBA&#8217;s summer as Free Agency 2010 begins in earnest starting at 12:01am.  With countless stories about who will meet with LeBron James first and who will begin wooing Joe Johnson and [...]]]></description>
			<content:encoded><![CDATA[<p>While June 22nd may have been the first full day of summer according to the calendar, tomorrow is the first official day of the NBA&#8217;s summer as Free Agency 2010 begins in earnest starting at 12:01am.  With countless stories about who will meet with LeBron James first and who will begin wooing Joe Johnson and how much does Dwyane Wade really like the Miami sun, every sports writer has proven that he or she knows absolutely nothing about where these guys will end up and what will go into their decision making.</p>
<p>At the beginning of this week, the term &#8220;done deal&#8221; was used when discussing James and Chris Bosh heading to the Chicago Bulls.  However, <em><strong>the very next day</strong></em>, we were told that it was a &#8220;done deal&#8221; that James and Bosh would be joining Wade in Miami.  The New York Knicks are out of the LeBron Sweepstakes, until of course they are back in it because James hasn&#8217;t made a decision yet.  The New Jersey Nets and Los Angeles Clippers are also vying for these superstars and the Boston Celtics are now faced with their own dilemma as Paul Pierce officially opted out of his own contract to join the free agency party.</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/06/nba_split_top_sw_412.jpg"><img class="aligncenter size-full wp-image-3118" title="lebron, wade, bosh, amare" src="http://www.kingmorland.com/wp-content/uploads/2010/06/nba_split_top_sw_412.jpg" alt="" width="515" height="290" /></a></p>
<p>As a Knicks fan, I am much more concerned with what my hometown team will be able to accomplish over the next two months.  They have done nothing to hide the fact that LeBron James is their #1 target, the top priority for the organization since Isiah Thomas was let go and Donnie Walsh was brought in to right the ship.  While they are certainly interested in also bringing in Bosh or Amar&#8217;e Stoudemire, they are only doing so because James has stated that he would like to play with either one of them.  Wade and Johnson would be good also, as would Dirk Nowitzki, but James is the goal.  The organization has literally been dedicated to bringing James to New York for three years and tomorrow marks the beginning of the legal wooing process.</p>
<p>The cornerstone of the Knicks&#8217; plan for LeBron revolves around the city of New York, the most populated city in the United States and therefore the largest media market.  It is considered to be the center of the financial universe and is arguably the most advanced culinary center in America.  Its main arena, Madison Square Garden, is affectionately referred to as &#8220;the World&#8217;s Most Famous Arena,&#8221;  and one of the City&#8217;s baseball teams is the most successful than any other organization in professional sports.  New York is arguably the fashion capital of the world and also is home to Madison Avenue, the center of the advertising world.</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/06/madison-ave.jpg"><img class="aligncenter size-full wp-image-3119" title="madison ave" src="http://www.kingmorland.com/wp-content/uploads/2010/06/madison-ave.jpg" alt="" width="450" height="300" /></a></p>
<p>It is the latter point that has been frequently used as the reason why LeBron James should sign with the New York Knicks or the New Jersey Nets, who will be moving to Brooklyn sometime in the relatively-near future.  James is one of the most recognizable athletes in the world and his brand is well known in many different circles.  He has endorsement deals with Nike, Coca-Cola, McDonald&#8217;s, and State Farm, to name a few and there are a number of reporters and columnists who believe that James&#8217; portfolio of endorsements will grow if he moves to New York.  This, unfortunately, doesn&#8217;t matter.  James doesn&#8217;t become more valuable to Fortune 500 companies because he lives in New York.  LeBron can sell a Big Mac as easily in Cleveland as he can in New York.  The same goes for Vitamin Water and insurance.  Getting more of these deals is not the point.</p>
<p>James has said repeatedly that he wants to be a $1 billion athlete.  The only two who have achieved that feat are Michael Jordan and Tiger Woods&#8230;and neither of them did it strictly with basic endorsements.  Woods has built golf courses around the world and Jordan made tons of money through his Jumpman line with Nike.  It&#8217;s important to not confuse Jordan&#8217;s arrangement with Nike and LeBron&#8217;s.  Jordan has an ownership stake in the Jumpman line, which endorses its own set of athletes like Derek Jeter and Carmelo Anthony.  LeBron does not have this; he has his own line, but he&#8217;s the only one on the label, so earning $1 billion from Nike won&#8217;t happen.</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/06/jeter.jpg"><img class="aligncenter size-full wp-image-3122" title="jeter" src="http://www.kingmorland.com/wp-content/uploads/2010/06/jeter.jpg" alt="" width="420" height="245" /></a></p>
<p>So if getting more endorsement deals is the point, coming to New York is not going to be enough to bring James to the Knicks.  But if earning $1 billion is the point, New York is the only place to go.</p>
<p>Playing in New York will give James access to capital that he would not have in any other place in the country.  With private equity titans strewn throughout the tri-state area with cash to invest alongside possibly the biggest athlete in the City&#8217;s history, James will be able to make partnerships in New York that will diversify his investment portfolio so that he can become that billion dollar athlete.  Instead of a billboard showing James eating a new McWhatever Sandwich, he can open up his own restaurant.  Ever heard of Michael Jordan&#8217;s Steakhouse?  Well, LeBron can have one too in New York and if it&#8217;s popular, he can open more in Las Vegas, Miami, Dallas, and Atlantic City.  How does &#8220;Akron Meats&#8221; sound to you?</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/06/lebron-arod.jpg"><img class="aligncenter size-full wp-image-3124" title="lebron arod" src="http://www.kingmorland.com/wp-content/uploads/2010/06/lebron-arod.jpg" alt="" width="471" height="284" /></a></p>
<p>Keeping with the food service industry, how about his own high-end sports bar like Jay-Z&#8217;s 40/40 club?  The club has been such a success for Jay-Z that locations have been opened in Atlantic City, Las Vegas, Chicago, Tokyo and Macau, in addition to New York.  LeBron can do the same, but he must start in New York.  He may be able to open a bar in Cleveland, but it would never be able to succeed enough for it to grow to China&#8230;never.</p>
<p>What else can James start in New York that will grow internationally if it succeeded?  How about his own sneaker store?  Even if it&#8217;s packed with Nikes, New York is the home to a myriad of niche sneaker stores that can significantly add to LeBron&#8217;s bottom line.  Even if it stays in New York, he will earn so much more there than in Cleveland or Miami or Chicago.</p>
<p>Want to start a new magazine?  New York is the place where Conde Nast and Time Inc. call the Big Apple their headquarters.  Sure, they could theoretically go with an idea from James if he called from Cleveland, but his request is greeted with much more interest when asked in a Knicks jersey.</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/06/lebron3.jpg"><img class="aligncenter size-full wp-image-3125" title="lebron fortune" src="http://www.kingmorland.com/wp-content/uploads/2010/06/lebron3.jpg" alt="" width="383" height="500" /></a></p>
<p>How about his own record company?  How many musicians do you know that have started an empire from Cleveland?  And from New York?  That&#8217;s what I thought.</p>
<p>The opportunities are there for LeBron James in New York.  But they aren&#8217;t on Madison Avenue.  They are everywhere else.</p>
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		<slash:comments>9</slash:comments>
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		<item>
		<title>Is the World Cup Slowing Productivity at Work?</title>
		<link>http://www.kingmorland.com/2010/06/23/is-the-world-cup-slowing-productivity-at-work/</link>
		<comments>http://www.kingmorland.com/2010/06/23/is-the-world-cup-slowing-productivity-at-work/#comments</comments>
		<pubDate>Wed, 23 Jun 2010 14:58:24 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Soccer]]></category>
		<category><![CDATA[Sports]]></category>
		<category><![CDATA[World Cup]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=3105</guid>
		<description><![CDATA[In a word: yes.]]></description>
			<content:encoded><![CDATA[<p>In a word: yes.</p>
<p><a href="http://www.kingmorland.com/wp-content/uploads/2010/06/work.jpg"><img class="aligncenter size-full wp-image-3106" title="work" src="http://www.kingmorland.com/wp-content/uploads/2010/06/work.jpg" alt="" width="800" height="600" /></a></p>
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		<title>How the College Sports Conference Realignment Should Look</title>
		<link>http://www.kingmorland.com/2010/06/11/how-the-college-sports-conference-realignment-should-look/</link>
		<comments>http://www.kingmorland.com/2010/06/11/how-the-college-sports-conference-realignment-should-look/#comments</comments>
		<pubDate>Fri, 11 Jun 2010 13:09:13 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Basketball]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[College Basketball]]></category>
		<category><![CDATA[College Football]]></category>
		<category><![CDATA[Football]]></category>
		<category><![CDATA[Sports]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=2991</guid>
		<description><![CDATA[Okay, we get it.  16 teams are required for a power conference in college football sports.  We still haven&#8217;t been told why 16 is necessary over of a more manageable 12, but fine, whatever.  16 it is.  With the University of Colorado joining the Pacific 10 Conference, even though Boulder, Colorado is over 1,200 from [...]]]></description>
			<content:encoded><![CDATA[<p>Okay, we get it.  16 teams are required for a power conference in college <span style="text-decoration: line-through;">football</span> sports.  We still haven&#8217;t been told why 16 is necessary over of a more manageable 12, but fine, whatever.  16 it is.  With the University of Colorado joining the Pacific 10 Conference, even though Boulder, Colorado is over 1,200 from the Pacific Ocean, conference realignment is totally underway.  The University of Nebraska is leaving the Big 12 Conference to become the twelfth team in the Big Ten (yes, the twelfth team) and there are already rumors that the University of Texas, Texas A&amp;M University, the University of Oklahoma and Oklahoma State University could also bolt to the Pacific 10 Conference.</p>
<p>Well, if we&#8217;re going to turn everything upside down, why don&#8217;t we actually do it so something comes out of it that is at least partially coherent.  With that, below are my suggestions for a total realignment in college sports.  Five power conferences, with a few schools left out&#8230;but there are always some that are left out, so who cares!?</p>
<p><strong>West States Conference</strong></p>
<p>USC, UCLA, Cal-Berkeley, Stanford, Arizona, Arizona State, Oregon, Oregon State, Washington, Washington State, Colorado, Boise State, Hawaii, Nevada, BYU, Utah</p>
<p><strong>The Great Plains Conference</strong></p>
<p>Texas, Texas A&amp;M, Texas Tech, TCU, Oklahoma, Oklahoma State, Nebraska, Kansas, Baylor, Iowa, Iowa State, Missouri, Arkansas, LSU, New Mexico, New Mexico State</p>
<p><strong>Southeastern Conference</strong></p>
<p>Florida, Florida State, Miami (FL), Alabama, Mississippi State, Mississippi, Georgia, Tennessee, South Carolina, Memphis, North Carolina, North Carolina State, Duke, Clemson, Vanderbilt, Wake Forest</p>
<p><strong>Midwestern Conference</strong></p>
<p>Ohio State, Michigan, Michigan State, Notre Dame, Illinois, Indiana, Minnesota, Wisconsin, Penn State, Pittsburgh, Cincinnati, Northwestern, Purdue, Kentucky, Louisville, Marquette</p>
<p><strong>Big East Conference</strong></p>
<p>Syracuse, Boston College, Maryland, Virginia, Virginia Tech, West Virginia, Connecticut, Rutgers, Temple, Marshall, Georgetown, Villanova, St. John&#8217;s, Seton Hall, Providence, George Washington</p>
<p>I realize there are some bigger or popular schools missing like DePaul, South Florida, and Gonzaga, but I wasn&#8217;t quite sure where they would even fit in.  The Big East clearly is in trouble with only 10 football playing schools, but at least it cuts it down from the ridiculousness that it has now&#8230;and since I am a Villanova grad, I had to put them somewhere even though they are D-1AA in football (I know they call it something else, but it will always be D-1AA to me).</p>
<p>Anyway, it&#8217;s a thought.  Chew on it.</p>
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		<title>Sports Stories We Forgot: The New England Patriots are Moving to Hartford</title>
		<link>http://www.kingmorland.com/2010/04/13/sports-stories-we-forgot-the-new-england-patriots-are-moving-to-hartford/</link>
		<comments>http://www.kingmorland.com/2010/04/13/sports-stories-we-forgot-the-new-england-patriots-are-moving-to-hartford/#comments</comments>
		<pubDate>Tue, 13 Apr 2010 18:19:40 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Football]]></category>
		<category><![CDATA[NFL]]></category>
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		<guid isPermaLink="false">http://www.kingmorland.com/?p=2489</guid>
		<description><![CDATA[In today&#8217;s sports landscape, new stadiums are all the rage for team owners because it&#8217;s a new revenue source that they don&#8217;t have to share with other owners.  While there are plenty of examples of how this works, the New York Yankees last year proved how much of a boon a new stadium can be, [...]]]></description>
			<content:encoded><![CDATA[<p>In today&#8217;s sports landscape, new stadiums are all the rage for team owners because it&#8217;s a new revenue source that they don&#8217;t have to share with other owners.  While there are plenty of examples of how this works, the New York Yankees last year proved how much of a boon a new stadium can be, opening the new Yankee Stadium and recognizing the earnings potential by signing C.C. Sabathia and Mark Teixeira to $160+ million contracts, plus A.J. Burnett&#8217;s $80+ million deal.</p>
<p>The Minnesota Twins took a step themselves this year, opening up Target Field yesterday only a few weeks after signing catcher Joe Mauer to an eight-year, $184 million contract, by far the largest in team history.  But with new stadium revenue, they were able to make the deal.</p>
<p>While the new Yankee Stadium and Target Field used some public money (whether through tax breaks, bonds offered from their respective cities, or simple direct payments), the days of 100% publicly financed stadiums appear to be over.  However, that doesn&#8217;t mean we can&#8217;t look back at one of the craziest offers a professional team has ever turned down: former Connecticut governor John Rowland&#8217;s offer to the New England Patriots to have them move from Foxboro, Massachusetts to Hartford, the capital of Rowland&#8217;s state.</p>
<p>On November 17th, 1998, Rowland <a href="http://www.nytimes.com/1998/11/18/nyregion/rowland-offers-the-patriots-a-new-stadium-in-hartford.html?pagewanted=1" target="_blank">offered to build the Patriots a brand new stadium</a> as part of a $1.0 billion development in Hartford.  The $375 million stadium would be the centerpiece of a revitalization project in downtown Hartford, a city that was in desperate need of an upgrade.</p>
<p>Robert Kraft, the owner of the Patriots, was trying to get a new stadium in Massachusetts, but had been turned down and was open to the offer from Hartford.  In fact, Kraft was so intrigued with Hartford that he actually agreed to move the team into the (then) 27th largest media market, from the Boston area, which was sixth at the time.</p>
<p>What was so impressive about this deal was that the Patriots would not have to put in any money up front.  That&#8217;s right, none.  The state would pay for the construction costs by selling bonds and the Patriots would use the stadium for free.  While 10% of future revenue from tickets, parking and concessions would go back to the state, 90% would go right into Kraft&#8217;s wallet.  It&#8217;s no wonder that Kraft jumped at the deal.</p>
<p><a style="text-decoration: none;" href="http://www.kingmorland.com/wp-content/uploads/2010/04/51633858.jpg"><img class="aligncenter size-full wp-image-2764" title="rowland kraft handshake" src="http://www.kingmorland.com/wp-content/uploads/2010/04/51633858.jpg" alt="" width="594" height="477" /></a></p>
<p>Under the terms of the agreement between Kraft and Rowland, the state of Connecticut would build a <a href="http://articles.latimes.com/1998/nov/20/sports/sp-45631" target="_blank">68,000-seat open-air stadium in Hartford</a> with not a single dime coming out of Kraft&#8217;s pocket.  So the obvious question arises: how did this deal not happen?</p>
<p>While the move to Hartford would have been economically advantageous for Kraft, the NFL felt differently about his team and the League as a whole.  Not too much before Kraft hinted at moving to Hartford, the Houston Oilers moved their franchise to Nashville, Tennessee, becoming the Tennessee Titans.  The biggest issue for the NFL was that they now did not have a team in the third largest city in America.  With the possibility of losing the Patriots to Hartford, the NFL was going to be without a team in three of the largest cities in the country (Los Angeles was already vacant).</p>
<p><a style="text-decoration: none;" href="http://www.kingmorland.com/wp-content/uploads/2010/04/51633860.jpg"><img class="aligncenter size-full wp-image-2763" title="Rowland Kraft" src="http://www.kingmorland.com/wp-content/uploads/2010/04/51633860.jpg" alt="" width="594" height="387" /></a></p>
<p>So how did the NFL and the Connecticut legislature respond?  By bringing up a concern about the <a href="http://www.nytimes.com/1999/02/06/nyregion/despite-hurdles-officials-rally-behind-patriots-deal.html?pagewanted=1" target="_blank">environmental contamination of the riverfront site</a> in downtown Hartford where the state wanted to build the stadium.  A report submitted to the Environmental Protection Authority (EPA) on January 19th described the site area as thoroughly <a href="http://www.yaleherald.com/archive/xxvii/1999.02.19/news/p4hartford.html" target="_blank">contaminated with such toxic chemicals as lead, cadmium, and benzene</a>.  I guess they forgot that the point of this redevelopment was to clean up these types of areas.</p>
<p>Eventually, the pressure from the EPA and the NFL led Kraft to reconsider his move.  Also reconsidering?  The state of Massachusetts, which eventually came in and offered to help the Patriots build their new stadium in Foxboro.  While Hartford never ended up getting its act together, or maybe the NFL would never let it get to that point, it did get a <a href="http://www.nytimes.com/2000/03/03/nyregion/in-lieu-of-patriots-hartford-gets-a-check-for-2.4-million.html?pagewanted=1" target="_blank">$2,399,060.66 payment from the League</a> to cover the costs of (not) luring the Patriots to the city.</p>
<p>We know what happened next.  Tom Brady came in and led the Patriots to three Super Bowl wins after the team moved to Gillette Stadium and the city of Hartford, not to mention the state of Connecticut, is still without a professional sports franchise.</p>
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		<title>Potential Addition to the Naming Rights Longevity List</title>
		<link>http://www.kingmorland.com/2010/03/26/potential-addition-to-the-naming-rights-longevity-list/</link>
		<comments>http://www.kingmorland.com/2010/03/26/potential-addition-to-the-naming-rights-longevity-list/#comments</comments>
		<pubDate>Fri, 26 Mar 2010 17:06:18 +0000</pubDate>
		<dc:creator>andrew</dc:creator>
				<category><![CDATA[Basketball]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[NBA]]></category>
		<category><![CDATA[Sports]]></category>
		<category><![CDATA[naming rights]]></category>

		<guid isPermaLink="false">http://www.kingmorland.com/?p=2685</guid>
		<description><![CDATA[Sports Business Daily is reporting that the Indianapolis Star is reporting that Conseco Inc. will be changing its corporate name to CNO Financial Group Inc., which should pave the wave for a new name on Conseco Fieldhouse in Indianapolis, Indiana.  Home of the NBA&#8217;s Indiana Pacers, Conseco Fieldhouse has been named as such since the [...]]]></description>
			<content:encoded><![CDATA[<p><em><a href="http://www.sportsbusinessdaily.com/article/138082" target="_blank">Sports Business Daily</a></em><a href="http://www.sportsbusinessdaily.com/article/138082" target="_blank"> is reporting</a> that the <em><a href="http://www.indystar.com/article/20100326/BUSINESS/3260349/With-new-name-Conseco-moves-on" target="_blank">Indianapolis Star</a></em><a href="http://www.indystar.com/article/20100326/BUSINESS/3260349/With-new-name-Conseco-moves-on" target="_blank"> is reporting</a> that Conseco Inc. will be changing its corporate name to CNO Financial Group Inc., which should pave the wave for a new name on Conseco Fieldhouse in Indianapolis, Indiana.  Home of the NBA&#8217;s Indiana Pacers, Conseco Fieldhouse has been named as such since the facility opened in 1999.</p>
<p>If you&#8217;ve previously read through the <a href="http://www.kingmorland.com/2010/03/24/naming-rights-longevity-list/" target="_blank">King Morland Naming Rights Longevity List</a>, you will notice that Conseco Fieldhouse is not listed.   The reason this is the case is that Conseco has previously gone through a chapter 11 bankruptcy and no longer pays to have its name adorn the Fieldhouse.  However, it is still up in the air as to whether the change in name will result in a payment to the Pacers, who are absolutely desperate for any additional revenue at this point.  If there is a cash payment, there will be an additional arena on the Naming Rights Longevity List.</p>
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