There is plenty of reason to smile in the halls at CBS and Turner right now. Virtually all ad inventory for the Men’s NCAA Tournament is sold out according to Deadline and revenues are showing huge increases after two years of uncertainty.
While Deadline does not cite any specific numbers, writer Date Hayes quotes CBS Sports’ John Bogusz as saying that ad rates are seeing “close to double-digit” increases” over 2021. Ads are bought to run over the course of the three-week tournament. Advertisers are expected to pay over $2 million to be a part of the Final Four.
Bogusz says ad sales set a new record for the event this year. He said that the total figure is “in the range” of $1 billion in revenue.
“We still deliver significant ratings, and people watch these programs live. So, between a larger audience and delivering them in real time, I think advertisers across all demo groups are allocating more dollars to the sports marketplace,” he said.
The NCAA Tournament is following in the footsteps of the Super Bowl. NBC set revenue records and attracted the biggest price tags ever for 30 second ads. That inventory sold out too. Advertisers want to spend on sports right now.
The 2020 tournament was cancelled entirely. It was the first major sporting event lost to Covid-19. The 2021 tournament was played in full with all games taking place in Indianapolis. This year will see games again spread across the country with the Final Four scheduled for New Orleans on March 15. The normalcy is a major appeal to advertisers.
FanDuel TV Strikes Deal With ONE Championship Martial Arts
“We’ve long respected the content the ONE Championship team is producing and are looking forward to bringing their action to our audience through FanDuel TV and FanDuel+.”
FanDuel TV and ONE Championship Martial Arts have struck a deal that will see the MMA, Muay Thai, kickboxing, and submission grappling series air weekly events on the newly launched channel.
“We’re eager to continue expanding the variety of content we’re offering at FanDuel TV to introduce our audience to emerging sports,” said FanDuel Chief Commercial Officer Mike Raffensperger. “We’ve long respected the content the ONE Championship team is producing and are looking forward to bringing their action to our audience through FanDuel TV and FanDuel+.”
ONE Championship is a top-five global sports property for digital viewership and engagement according to Nielsen measurements.
“We are thrilled to join the FanDuel TV lineup and give our passionate U.S. audience yet another way to engage with ONE Championship,” said ONE Championship Chairman and CEO Chatri Sityodtong. “Having a quality partner in FanDuel will help raise the profile of our company in the region and provide their viewers with action-packed martial arts events like they have never seen before.”
Bob Costas Re-Lives First Announcing Assignment For NBC
“My biography usually says I began with them in 1980, but technically the first time I was on the air with them was in December 1979.”
Legendary sports broadcaster Bob Costas appeared on KNBR’s Tolbert & Copes Thursday to discuss the death of Baseball Hall of Famer Gaylord Perry. But before the conversation turned to the recently departed pitcher, the show asked Costas about what he has announced that would surprise someone. He reminisced about his first time on the air for NBC.
“My very first assignment for NBC, my biography usually says I began with them in 1980, but technically the first time I was on the air with them was in December 1979,” Costas recounted. “There was a program on NBC then called Sports World. It was an anthology series that was their answer to the gold standard, ABC’s Wide World of Sports.
“So they traveled the globe, like Wide World of Sports did. So they sent me, wearing a red NBC jacket, to Tokyo to cover a sumo wrestling tournament with seven-time world power-lifting champion Larry Pacifico as my color man. Now, this is all the Japanese I learned as we came on the air: ‘Minasan kon’nichwa watashinoamaeha Bob Costas’, which means ‘Hello everyone, my name is Bob Costas’. If ever there was typecasting, when they sat and looked at their roster of announcers and went ‘Who should we send to the sumo wrestling? It’s gotta be Costas, who’s entire body weight would constitute one meal for the sumo wrestling champion.”
Costas departed NBC Sports in 2019 after 40 years with the network, announcing MLB, NBA, and the Olympics, in addition to his work with the network’s sumo wrestling coverage.
Matt Leinart, Alex Smith Make Wager Over Pac-12 Championship Game
“I gotta be honest with you: I’m not that nervous. I know that sounds kind of arrogant and confident.”
FOX Sports analyst Matt Leinart and ESPN analyst Alex Smith have made a friendly wager over the upcoming Pac-12 Championship Game.
USC, Leinart’s alma mater, is slated to play Utah, where Smith attended, in the game Friday evening on FOX from Las Vegas.
The two agreed to don the other player’s jersey. “At least it will be 11,” Smith said, noting he and Leinart both wore the number during their playing days.
“I gotta be honest with you: I’m not that nervous,” Leinart said when presented with the offer. “I know that sounds kind of arrogant and confident.” Smith jokingly responded by calling USC “Free Agent University”. He added he would overnight Leinart a jersey to ensure he had one if the Utes were victorious.
Garrett Searight is the Editor of Barrett Sports Media and Barrett News Media. He previously was the Program Director and Afternoon Co-Host on 93.1 The Fan in Lima, OH. He is also a play-by-play announcer for TV and Radio broadcasts in Western Ohio.