Shane Griffith won an NCAA wrestling national championship this past weekend.
The interesting part?
He wore a plain black singlet, refusing to represent Stanford Athletics.
Here's why...
Time for thread 👇👇👇
1) First, some history...
Despite having a ~$30B endowment, Stanford University announced in July that they were eliminating 11 of their 36 sports teams due to “finances and competitive excellence."
As for the wrestling team?
They've decided to fight.
2) Since the decision was announced last July, the Stanford wrestling team has raised more than $12M.
That's enough money to fund the team for multiple decades, but also enough to start a women's program — fulfilling Title IX requirements.
Still, the university has stood firm.
3) When asked why the wrestling team can't continue after the financial issues have been solved, a Stanford official responded:
"I can't give you the answer you're looking for."
So if it's not money, what is it?
It can't be "competitive excellence.”
4) The Stanford wrestling team has produced several Olympians, multiple National Champions, and even a Rhodes Scholar finalist.
They are coming off a historic season, with multiple All-Americans and a National Champion set to return.
"Competitive excellence" is not an issue.
5) When you put financial issues aside & focus on the student-athletes, eliminating the wrestling program is even more concerning.
Since 2006, almost 50% of Stanford Wrestlers have been first-generation college and/or low-income students.
Stanford's overall average?
Just 17%.
6) The Stanford Wrestling program provides ten scholarships to one of the world's premier educational universities.
Dropping a 100-year-old program that raised $12M and just won a national championship only proves one thing:
It was never about the student-athlete.
7) Winning a national title typically brings pride for college athletes & the universities they represent.
It’s a shame that Shane Griffith, his teammates, coaches, family, friends & Stanford didn’t get to celebrate it properly.
My hope?
They get another chance next year.
8) What can you do to help?
Visit keepstanfordwrestling.com to learn more about their fight, sign the petition, or donate some cash to the cause.
Kevin Plank is the founder of Under Armour and worth $2 billion today.
The part you didn't know?
He didn't have $2 to his name in 1996.
This is his wild story.
Time for a thread 👇👇👇
1) Let's start in 1996...
Kevin Plank, a University of Maryland football player, became frustrated by his cotton T-shirts' inability to keep him dry & comfortable during practice.
His idea?
A sweat-wicking t-shirt designed to keep athletes cool, dry, and comfortable.
2) After graduating college, Kevin Plank used $15,000 in savings to start Under Armour.
He made the t-shirts in his grandmother's basement and drove his car up & down the east coast, selling $17,000 of inventory from the trunk of his car.
Fernando Tatis Jr. signed a $340 million deal with the San Diego Padres this week.
The interesting part?
An investment firm made ~$30M off the deal also.
The details are fascinating.
Time for a thread 👇👇👇
1) First, some history.
Outside of a few players lucky enough to receive large signing bonuses, 99% of minor league baseball players make poverty-level wages.
In 2019, the average minor league player was paid less than $10,000...in a year.
The result?
Creativity.
2) Michael Schwimer, a former Philadelphia Phillies pitcher who spent three years riding busses in the minor leagues, came up with a solution after retiring in 2016.
The greatest marketing deal in sports history happened 50 years ago.
This is the story of how two brothers became bitter rivals, built multi-billion-dollar businesses, and why a $120,000 payment will be remembered forever.
Time for a thread 👇👇👇
1) First, some history...
In 1924, German brothers Adolf and Rudolf Dassler started a shoe company from their mom's laundry room, Dassler Brothers Shoe Factory.
As the sole manufacturer of athletic shoes in Germany, the brothers knew they were onto something big.
2) Shortly after launching the company, sales took off with Adolf's invention of the screw-in spikes.
Even better?
Adolf convinced sprinter Jesse Owens to wear them at the 1936 Berlin Olympics.
The Weeknd spent $7M of his own money and wasn't paid by the NFL for last night's halftime show at the Super Bowl.
The craziest part?
It was an investment.
Time for a thread 👇👇👇
1) First, some history.
From Jennifer Lopez and Katy Perry to Justin Timberlake and Lady Gaga, the most famous halftime performers in history haven't been paid to perform at the Super Bowl.
Instead, they are rewarded with exposure.
2) With 100M+ people watching the Super Bowl worldwide, the NFL recruits performers by promising media exposure.
Here's an example:
After the 2020 Super Bowl, Jennifer Lopez & Shakira gained 3M followers on social media & saw their song downloads increase 900%.