Image: Leah Hogsten/The Salt Lake Tribune
Dozens of pro pickleball players have formed a collective to preserve their own interests in contract negotiations with the Professional Pickleball Association (PPA) and Major League Pickleball (MLP), according to a recent letter obtained by CNBC.
And it comes at a time when the sport of pickleball is channeling a wild Pokémon with a strong work ethic and attempting to level itself up – professionally, at least.
Background: Over the summer, two of the main pro pickleball leagues – the PPA, which is owned by Tom Durdon, a billionaire who also owns the NHL’s Carolina Hurricanes, and the MLP, which was co-founded by billionaire Steve Kuhn – were competing to sign talent to exclusive contracts after a merger between the two fell through.
However, this 2023 hot-weather bidding war ultimately brought about another merger announcement – presumably after a Mafia-style billionaire sitdown – this past September.
But a league/player disconnect then started to take shape. Following the announcement, the MLP asked its athletes to take a 40% pay cut in return for a reduction in work obligations, as the leagues worked to return their budgets to lower levels.
👀 Looking ahead… The PPA and MLP are still working to complete their merger, as pro pickleball nears an inflection point.
On one hand – dozens upon dozens of US pro sports leagues have gone belly-up. On the other – the NBA signed a three-year, $1.5 million TV deal in 1979 following its merger with the ABA, and is now seeking a reported $75 billion for its media rights.
⛳ Last week, golf’s governing bodies announced the current balls being used by pro and amateur golfers will be phased out and replaced by a ball that doesn’t travel as far. Here’s what this means for you/the golfers in your life.
🏈👋 This weekend, the top CFB teams competed to determine conference champions and playoff teams, capping off a 2023 regular season that marks the end of an era in many ways.
🏎️ This past weekend, Formula One returned to Sin City for the first time in over four decades with a $500+ million Grand Prix race that delivered an exciting finish – but also saw some initial turbulence.
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