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Jeff Bezos, Drake, NBA Stars Invest In Overtime

“Overtime generated $80 million in series C funding. Investors include Jeff Bezos, Drake, Klay Thompson, Devin Booker, Trae Young, and Chiney Ogwumike. Global financial firms Blackstone and Morgan Stanley also put money into the company, which says it has already raised $140 million to date.”

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Overtime is a sports media company built on original content distributed through social media channels. The company built its following by showcasing some of the most hyped high school athletes in the country. Recently, Overtime announced that it would launch a pro basketball league for 16-18 year olds as an alternative to playing for free in college.

That announcement captured the attention and wallets of some high profile, deep-pocketed investors according to CNBC.

Overtime generated $80 million in series C funding. Investors include Jeff Bezos, Drake, Klay Thompson, Devin Booker, Trae Young, and Chiney Ogwumike. Global financial firms Blackstone and Morgan Stanley also put money into the company, which says it has already raised $140 million to date.

“Overtime has built an unrivaled brand and global community from scratch in just five years. This fundraise reflects the incredible growth opportunities associated with such a market leading position, including the opportunity to bring Overtime Elite into the world,” Michael Spirito, a partner at investment firm Sapphire Sport Partner, who led the funding round, told CNBC.

Plans are grand for Overtime’s basketball league, which is called Overtime Elite. Players will be paid a minimum of $100,000 per season. Since taking a salary would make players ineligible to play basketball in college, Overtime has also promised $100,000 to any player that does not make basketball their career after leaving the league.

The next question for Overtime Elite is where fans will be able to see the games. It wouldn’t be a surprise to see the NCAA try to limit its current media partners’ involvement with the league, but maybe OTE doesn’t need them. The company already has 50 million followers across its social platforms. That may eliminate the need for a traditional media rights deal for OTE.

Sports Online

John Jastremski Fires Back After Craig Carton Criticism

“I’m not listening to a crook. So you know what? Go take a f—ing hike. How about that.”

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Earlier this week, WFAN afternoon host Craig Carton said John Jastremski — a former WFAN host now hosting a podcast for The Ringer — “shunned” his radio career advice.

During his New York New York podcast Thursday, Jastremski strongly condemned Carton’s remarks.

“I don’t like going here with this stuff, ’cause I know this plays right into what this guy likes to do,” Jastremski said. “This is his M.O. This is what he’s done his entire career. It’s what he’s done for his entire career and he’s had success doing it. He lives for this stuff. But it really set me off. It set me off because I gotta see it on Barrett Sports Media while I’m on vacation. Like I wanna be bothered with this shit, number one. Number two, it’s just tone-deaf, insulting, and flat-out rude every which way.

“Number one: going after people who work at McDonald’s? Who the hell are you to do that? Number two: You’re insulting a multi-billion dollar company where I work. I have a great job, a great platform, a great producer. I have two great jobs, I might add. And you’re insulting both of them. By the way, you’re on that network. Five days a week. And you’re insulting that network. How stupid are you? Taking shots at people of the network you’re on, I’m on. And I could tell you, it pays well. I do ok.

“As for career advice? Guess what? I listen to legends. Bill Simmons, you ever hear of him? Worth a lot more than you. Mike Francesa? My boy Adam Schein? I listen to those guys. I’m not listening to a crook. So you know what? Go take a f—ing hike. How about that.”

Calling Carton a crook harkens back to the WFAN afternoon host’s stint in federal prison for participating in a ponzi scheme that scammed investors out of $5.6 million that he in turn used to pay off gambling debts. Carton was sentenced to three-and-a-half years in prison before serving just over a year in prison before being released in 2020.

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The Dan Le Batard Show With Stugotz Moving To New Studio

The show continued to be recorded inside the studio at the Clevelander after it departed ESPN Radio’s national lineup in 2021.

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Dan Le Batard Show

The Dan Le Batard Show with Stugotz is leaving its home at the Clevelander hotel on South Beach in Miami and moving into a new studio next year, according to a report from The Big Lead.

The show continued to be recorded inside the studio at the Clevelander after it departed ESPN Radio’s national lineup in 2021. It has remained the home for the show since Le Batard and John Skipper formed Meadowlark Media.

After a $50 million distribution deal with DraftKings was secured, the Meadowlark podcast network has grown in both reach and talent, allowing for an expanded studio space.

No immediate details were given on where the new studio space would be located.

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NSMA Announces Finalists for Awards, Hall of Fame

Final voting for the statewide and national awards, as well as for the Hall of Fame, will take place throughout this month, and the winners and inductees will be announced on January 9.

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The National Sports Media Association revealed its finalists for its national sportscaster of the year and national sportswriter of the year, and there are plenty of heavy hitters in the industry up for consideration for the NSMA awards.

Among the nominees for National Sportscaster of the Year include Al Michaels, Ian Eagle, Jim Nantz, Joe Buck, Kevin Harlan, and Mike Tirico. The full list includes Adam Amin, Jason Benetti, Joe Davis, and Mina Kimes.

For National Sportswriter of the Year, Adrian Wojnarowski, Ken Rosenthal, Nicole Auerbach, Pete Thamel, Pat Forde and Tom Verducci are among the biggest names. Candace Buckner, Katie Strang, Marc Spears and Wright Thomson round out the list of nominees.

The NMSA also revealed its finalists for the sportscaster and sportswriter Hall of Fame. James Brown, Joe Buck, Lee Corso and Tim McCarver are part of the sportscaster list, while Bill Plaschke and Ray Didinger appear among the names for the sportswriter hall of fame.

Final voting for the statewide and national awards, as well as for the Hall of Fame, will take place throughout this month, and the winners and inductees will be announced on January 9.

Winners and Hall of Famers will be honored at the NSMA Awards Weekend & National Convention held in Winston-Salem, N.C. June 24-26.

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