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NCAA Women's Basketball Tournament - National Championship
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NIL Deals

Is Caitlin Clark leaving money on the table?

For women's college basketball players, timing when to go pro can be tricky.

Jack Raines

For most collegiate athletes, getting drafted by a professional team offers opportunities for money and fame that were inaccessible in college. For a few athletes, especially female players, the decision to go pro isn’t as straightforward, as their potential college earnings might be higher than what they’ll make in the pros.

Caitlin Clark electrified college basketball this season, and her on-court abilities contributed to lucrative off-court earnings. Since 2021, collegiate athletes have been able to profit from their own Name, Image, and Likeness (NIL), allowing them to sign endorsement deals with different brands. According to on3, Clark’s NIL valuation is now $3.4M, and she has already signed deals with premium brands such as Nike, Gatorade, and State Farm.

However, in February, Clark announced that she was forgoing her last season of college eligibility to enter the WNBA draft, where she is projected to be the first overall pick. Her expected rookie salary? $76,535.

WNBA players sign endorsement deals as well: WNBA star Candance Parker, for example, made $8.1M in 2023, and virtually all of her pay came from endorsement deals (her 2023 WNBA salary was just $100,000).

But the WNBA’s audience pales in comparison to women’s college basketball, and Clark was the catalyst for the two most watched games ever in women’s college basketball. Iowa’s Final Four matchup against UConn had 14.2M viewers, breaking the previous record of 12.3M viewers for Iowa’s game against LSU just days before. Meanwhile, the most-watched WNBA game ever, Game 4 of the 2023 finals, drew an average of just 889,000 viewers, peaking at 1.3M viewers for 14 minutes of the game.

Yes, Clark will be one of the most sought-after sponsorship partners in the WNBA, but when you consider league viewership numbers, it’s easy to argue that she would command a higher market value by playing one more season for Iowa — she will almost certainly earn less in her rookie season as a professional.

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Hollywood is developing a film adaptation of the wildly popular Roblox gardening sim created by a 16-year-old

A popular Roblox game being developed for the big screen could test the limits of the recent success of video game film adaptations.

“Grow a Garden,” a gardening sim in which players plant seeds, sell their crops for in-game currency called sheckles, and then use that money to purchase more seeds, is reportedly being adapted as a feature film by production company Story Kitchen (which has adapted other video games for the big and small screen such as “Tomb Raider”). Can we start the awards season buzz now?

The game has become hugely popular, boosting Roblox’s player counts and breaking concurrent user records multiple times in recent months. It was also originally created by a 16-year-old.

No doubt Hollywood, and Roblox, are hoping that every kid-friendly video game adaptation can see the billion-dollar (or close to it) success of Nintendo’s “The Super Mario Bros. Movie” and Microsoft’s “A Minecraft Movie.”

The game has become hugely popular, boosting Roblox’s player counts and breaking concurrent user records multiple times in recent months. It was also originally created by a 16-year-old.

No doubt Hollywood, and Roblox, are hoping that every kid-friendly video game adaptation can see the billion-dollar (or close to it) success of Nintendo’s “The Super Mario Bros. Movie” and Microsoft’s “A Minecraft Movie.”

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Luke Kawa

Thieves are targeting “Pokémon” cards in robberies since they’ve skyrocketed in value

A real-life mishmash of different Team Rocket wannabes is having a lot more success thieving “Pokémon” cards than Jessie and James ever did in their attempts to pilfer Pikachu throughout the anime series.

The Washington Post reports on a string of DC-area heists of “Pokémon” cards, with CGC Cards Vice President Matt Quinn quoted as saying, “Any time you’re carrying around collectibles that are worth money, whether it be gold bars, Pokémon cards, coins, toy trains, or whatever it might be, you have to be vigilant with knowing that you’re carrying collectibles that can be easily stolen from you,” adding that these episodes are happening across the country.

Gotta thieve ’em all is an outgrowth of the massive boom in the value of “Pokémon” cards, with The Wall Street Journal reporting on 3,000% returns earlier this year. Their meteoric rise has been a big boon to GameStop, whose collectibles business has played a critical role in the stabilization and nascent turnaround of its operations.

Both individual cards and unopened packs have been targeted in robberies of stores and personal residences, per the Post report.

Stealing unopened packs of “Pokémon” cards is effectively thieving and buying call options at the same time: an individual pack might not be worth much on its own, but the most valuable cards in the recently released Mega Evolutions set are going for over $1,000. And at about 23 grams per pack and relative differences in security, the logistics seem a lot less onerous than trying to rob a gold dealer.

(Note: I don’t know for sure. I’m not a thief, besides that Klondike bar one time in high school.)

culture

iHeartMedia surges on report Netflix, competing with YouTube, wants its video podcasts

Video podcasts are becoming a key part of Netflix’s efforts to keep pace closely behind YouTube in the streaming wars.

According to reporting by Bloomberg, the streamer is in talks to exclusively license video pods from iHeartMedia. Shares of IHRT surged on Tuesday morning.

Under the deal, iHeartMedia, which produces shows like “Las Culturistas,” “The Breakfast Club,” and “Jay Shetty Podcast,” would reportedly stop posting full episodes on YouTube — the site that more than a billion people use to watch podcasts every month.

Netflix made a similar deal with Spotify last month and will begin streaming 16 video podcasts produced by Spotify Studios early next year.

According to the Nielsen Gauge, YouTube pulled in 12.6% of all TV viewership in September, compared to 8.3% for Netflix.

Under the deal, iHeartMedia, which produces shows like “Las Culturistas,” “The Breakfast Club,” and “Jay Shetty Podcast,” would reportedly stop posting full episodes on YouTube — the site that more than a billion people use to watch podcasts every month.

Netflix made a similar deal with Spotify last month and will begin streaming 16 video podcasts produced by Spotify Studios early next year.

According to the Nielsen Gauge, YouTube pulled in 12.6% of all TV viewership in September, compared to 8.3% for Netflix.

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