Andrew Petcash Profile picture
Invest in sports teams, leagues, and tech @ProfluenceCap. Former D1 hooper. Tweet about sports business/investing
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Jun 2 10 tweets 3 min read
Blake Griffin is one of the NBA's most underrated businessmen.

$258M in contracts (and 𝘣𝘪𝘨 𝘮𝘰𝘷𝘦𝘴 coming post-retirement).

THREAD: Griffin’s 4 smartest investments Image Blake Griffin averaged 19 points, 8 rebounds, and 4 assists over his career.

𝗡𝗼𝘁𝗮𝗯𝗹𝗲 𝗮𝘄𝗮𝗿𝗱𝘀:
• 6x NBA all-star
• Naismith College PoY
• 2011 Slam Dunk Champ

His publicity helped lead to... Image
Apr 13 8 tweets 3 min read
José Bautista made $105M in MLB contracts.

But what he's doing off the field is even more impressive.

Here's the fascinating breakdown: Image First, some background...

José Bautista:
• born in the Dominican Republic
• had a $300k offer from the Reds rescinded
• created a highlight tape that landed him w/ JUCO Chipola College (drafted by the Pirates)

And... Image
Mar 1 6 tweets 2 min read
Jaylen Brown's off-the-court hobbies are some of the most interesting of any athlete.

Scouts even said he's too smart for the NBA.

Here's the fascinating breakdown: Image Jaylen Brown's quick background:

❶ From Marietta, Georgia (5-star recruit).
❷ Chose Cal Berkeley (played 1-year)
❸ 3rd overall NBA pick by Boston Celtics
❹ Signed largest NBA contract ($304M)

Even wilder... Image
Dec 9, 2023 4 tweets 2 min read
Shohei Ohtani just signed the richest deal in sports history (10 years $700 million).

Here's how much he will actually earn: 😲

$70M: Salary
-
$25.9M: Federal Tax
$4.65M: California Tax
$2.1M: Agent Fee
$2.0M: Jock Tax
$1.64M: FICA/Medicare
=
$33.6M: Net Income Image Interesting points worth noting:

• MLB doesn't have an escrow (saving him ~$7m/yr upfront)

• Shohei will pay approx 53.75% in taxes.

• The contract has deferrals (meaning he will make slightly less than $70m/yr)

• His agent, Nez Balelo, also pays taxes on money earned Image
Sep 19, 2023 10 tweets 4 min read
Deion, Shedeur, and Shilo.

The Sanders have captured the national spotlight and are making millions 💰

Here’s a look at the business behind them: Image "Take off your sunglasses," said Colorado State's Head Coach...

The result...

Deion Sanders custom sunglasses racked up $1.2million in sales 48 hours after. Image
Jul 1, 2023 11 tweets 4 min read
An all-pro shooting guard made $70M during his 13 years in the NBA.

After retiring, he built a portfolio of 100 businesses (and is now trying to 𝘣𝘶𝘺 an NBA team).

Here's the fascinating story: Who Am I Talking About?

𝐉𝐚𝐦𝐚𝐥 𝐌𝐚𝐬𝐡𝐛𝐮𝐫𝐧 - a former NBA guard

He played college ball at Kentucky before being drafted 4th by the Mavericks.

But it was NBA team #3 he broke out with...
Jun 20, 2023 6 tweets 2 min read
Lionel Messi is set to be the highest-paid athlete on US soil.

And his taxes will be steep: 👀

$55M: Salary
-
$20.35M: Federal Tax
$0: Florida Tax
$0: Agent Fee
$1.64M: Jock Tax
$1.29M: FICA/Medicare
=
$31.7M: Net Income Image Messi has several things in his favor:

1️⃣ $0 State Income Tax in Florida

2️⃣ Jorge, his father, is his agent

3️⃣ Owns equity in Inter Miami

4️⃣ Has revenue-sharing agreements with Adidas, Apple, & Fanatics

And that's not all...
Jun 17, 2023 11 tweets 3 min read
Shaq and Jeff Bezos follow the same exact investment strategy.

It helped them turn $250k into over $400 million.

Here's the fascinating story: Image It’s 1999 and Shaq is dominating the world of basketball.

Over the next 3 years, he will go on to win consecutive championships with the LA Lakers.

But what he did off the court is even more impressive… Image
Jun 2, 2023 12 tweets 4 min read
Jimmy Butler makes $45M in the NBA.

But a side hustle could make him billions.

Here's the fascinating story: Image 1) First, a little background...

Jimmy Butler is one of the NBA's most underrated players:
• 6× NBA All-Star
• NBA steals leader
• 5× All-NBA Teams
• NBA Most Improved Player
• 5× NBA All-Defensive Second Team

The Heat rewarded him for this...
May 28, 2023 11 tweets 4 min read
Genius athletes that got into team ownership after retiring...

9️⃣ Serena & Venus Williams

Own a minority stake in the Miami Dolphins:
2009: $1B valuation
2023: $4.6B valuation

1st African-American minority owners in NFL history. Image 8️⃣ Alex Rodriguez

A-Rod purchased 20% of the Minnesota Timberwolves and Lynx for $1.5B in 2021.

He now owns 40% after...

Paying $290 million earlier this year. Image
May 27, 2023 9 tweets 3 min read
Ja Morant has had some questionable off the court decisions lately.

But he's made plenty of SMART business moves over the last few years.

A billionaire by 30 years old?

Here's the fascinating breakdown: Image First some background...

Ja Morant was born on Aug 10, 1999:
• both his parents we're college athletes
• dad gave up his pro career to raise him
• played at Crestwood HS in Sumter, SC

Ja left college for the NBA after 2 years at Murray State... Image
May 21, 2023 8 tweets 3 min read
SNEAKY RICH NBA PLAYERS...

6️⃣ Luol Deng: $200 million

$136M in career NBA earnings.

Huge portfolio of hotels, resorts, and apartments that are worth ~$125M. Image 5️⃣ Grant Hill: $250 million

$140M in NBA salary and ~$120M from endorsements.

Hill Ventures $200M real estate portfolio and minority owner of the Atlanta Hawks. Image
May 20, 2023 8 tweets 3 min read
Shaq is considered a smart businessman.
(but it wasn't always that way)

In fact, Shaq blew threw $20M in 3 days.

Here's the wild story: Image Shaquille O’Neal is a legend:

• NBA hall-of-famer
• TNT sports analyst
• Entrepreneur & Investor

But in the late 1990's it was different...
Apr 23, 2023 9 tweets 3 min read
Jaylon Smith has made $32M in the NFL.

But what he's doing off the field is even more impressive.

Here's the fascinating breakdown: Image First, some background...

Jaylon Smith was the best linebacker in the country while at Notre Dame:
• 292 tackles
• 4 sacks, 1 INT
• Butkus Award winner

He was projected to be a top-5 pick, but...
Apr 22, 2023 9 tweets 3 min read
Dennis Rodman made $27M in the NBA.

Yet his net worth is only $500k because of a woman known as "mama".

Here's the wild story: Image At his peak, Dennis Rodman was the 10th highest-paid player in the NBA.

Rodman's career highlights include:
- 2x NBA All-Star
- 5x NBA Champion
- 7x NBA Rebounding Champion
- 2x NBA Defensive Player of the Year

So, what happened?
Mar 10, 2023 8 tweets 2 min read
Livvy Dunne just received a ton of scrutiny for endorsing an AI product.

But she most likely got paid the bag (and earned the brand millions in publicity).

Here's the interesting story: Livvy Dunne is a gymnast at LSU.

With over 11 million social media followers, it’s estimated she could earn $3M/year.

This is all thanks to the legalization of NIL for college athletes.
Feb 12, 2023 9 tweets 3 min read
The price of a Super Bowl ticket has increased by 72,400% since 1967.

But even that, is 𝘴𝘮𝘢𝘭𝘭 in comparison to the $18 billion business of the NFL.

A Super Bowl economics breakdown: 1) Super Bowl I

SBI was played in 1967 between the Kansas City Chiefs and Green Bay Packers.

Player Salary: $25,000
Coach Salary: $36,000
SB Bonus: $15,000
Avg. Ticket Price: $12
Attendance: 61,000
Cost of SB ad: $42,000
Inflation: 3.09%
Gas: $0.32

The Packers won 35-10.
Feb 11, 2023 10 tweets 4 min read
Carmelo Anthony just co-launched a $750M sports fund.

(But it's not even his most impressive business move).

Here’s the fascinating breakdown: Melo earns around $6M/year from endorsements alone.

They include:
• Panini
• Jordan
• Isotonix
• Footlocker
• Powercoco
• Haute Time

In 2003, Melo became the first athlete to sign with Jordan.
Feb 4, 2023 10 tweets 3 min read
Concussions forced Calvin Johnson Jr. into retirement at only 29 years old.

But he found something that helps...

Weed, CBD, and building businesses.

Here's the fascinating story: 1) The Detroit Lions paid Megatron well.

In 9 seasons, he made $112,216,086 from contracts (and millions from endorsements)

But they're still not on good terms...
Feb 2, 2023 9 tweets 3 min read
Tom Brady retired yesterday...

And he's on track to becoming a billionaire.

Here's a look at his off-the-field ventures (they're quite impressive): Image The NFL has been good to Brady.

Despite sacrificing salary for wins, he's averaged over $15M/year from contracts.

He's the 16th highest-paid athlete of 2022.
Jan 18, 2023 7 tweets 3 min read
Kobe Bryant was an incredible investor:

• $6M BodyArmor investment to $400M
• $100M fund to $2 billion (with 10 exits)

Here are Kobe's 4 investment criteria: 1. Do you understand the business?

Similar to Warren Buffett, Kobe only invested within his "circle of competence".

How'd he garner this?
• studying the greats
• reaching out to successful investors