In this episode, Sports Illustrated legal analyst and contributor, Professor Mike McCann, and I discuss how pro athletes like NBA star, Spencer Dinwiddie of the Brooklyn Nets, is leveraging his earning potential by issuing a cryptocurrency (PaINT) via the Ethereum Network’s blockchain to tokenize his earnings and engage fans and investors directly.
We also talked about when and how scholarship-athletes might actually benefit financially from their name, image and likeness. Given trailblazers like college basketball star, Ed O’Bannon, the mega millions that schools make off the backs of the athletes who compete under their names, and the rising public support for these athletes to receive some type of economic benefit, we conclude that it’s not a matter of if but when college scholarship athletes truly and meaningfully participate in the upside of the value they generate for schools and the NCAA.
I am a former scholarship athlete and former professional tennis player, so this topic even more important to me. I will be tracking the progress of these topics Listen. Learn. Leverage!
Guest social assets: Twitter @McCannSportsLaw
Court Justice: The Inside Story of my Battle with the NCAA, by Ed O’Bannon and Michael McCann: https://amzn.to/2ESBLyM
The Oxford Handbook of American Sports Law, by Michael McCann: https://amzn.to/2ESBLyM
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Produced by Tonya M. Evans for FYOS Entertainment, LLC, and Stephanie Renee for Soul Sanctuary, Inc.
Advantage Evans Subscriber Notes below
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Board of Governors starts process to enhance name, image and likeness opportunities: http://www.ncaa.org/about/resources/media-center/news/board-governors-starts-process-enhance-name-image-and-likeness-opportunities
NCAA says athletes may profit from name, image and likeness: https://www.cnn.com/2019/10/29/us/ncaa-athletes-compensation/index.html
The NCAA Had to Cut Athletes a Better Deal by Jemelle Hill: https://www.theatlantic.com/ideas/archive/2019/10/ncaa-had-cut-student-athletes-better-deal/601036/
Former college basketball star who sued the NCAA says California’s fair pay bill is ‘changing the game’: https://www.cnn.com/2019/09/14/us/ed-obannon-ncaa-california-bill-trnd/index.html
Spencer Dinwiddie And Reimagining the NBA With Tokenized Contracts by Michael McCann, with quotes from Tonya M. Evans: https://www.si.com/nba/2019/11/05/spencer-dinwiddie-nets-tokenized-contracts
The Pro Athletes Buying Into Cryptocurrency by Pat Evans with quotes from Tonya M. Evans: https://www.frntofficesport.com/pro-athletes-cryptocurrency/
Blockchain and the Sports Industry – UNH Law Podcast: https://unhlaw.podbean.com/e/blockchain-and-the-sports-industry/
Spencer Dinwiddie Could Decentralize Pro Sports – If Accredited Investors Want In: https://www.coindesk.com/spencer-dinwiddie-could-decentralize-pro-sports-if-accredited-investors-want-in
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