Word: bonanzas
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...contest is part of an even bigger bonanza for B.A.S.S. Inc., a Montgomery, Ala.-based company that stages the professional bass-fishing tour and dominates this arcane but fast-growing sport (estimated total U.S. bass anglers: 26 million). B.A.S.S. sets the tournament rules, controls lucrative - sponsorships, handles the marketing and covers the events in its own array of periodicals. The company promotes its contests with a weekly cable-TV show, The Bassmasters, and operates a thriving network of 2,000 amateur fishing clubs...
Last week Ciparick ruled that Conner's catamaran had created a "gross mismatch." The decision gave the America's Cup to New Zealand, which will host the next competition in 1991, and torpedoed San Diego's hopes for a $1.2 billion bonanza during the six-month competition. Conner, ironically, was in New Zealand last week filming a commercial for a new board game called Cup Fever. "I'm a sailor," he declared. "It offends me to see attorneys debating America's Cups in the courts. The Cup should be fought on the water." Amen...
...many student athletes, whose efforts make this bonanza possible, spend their college years scrimping to make ends meet. A large number of these players are black and look on basketball as their one chance to escape from poverty. But the path to the National Basketball Association, where annual salaries average $600,000, is exceedingly narrow. The chances of making it are less than 1 in 500. Nearly 20,000 young men play college basketball; about 40 will make the N.B.A. each year. "The odds of becoming a brain surgeon are greater than the odds of winning a starting spot...
Although Cleary refuses to let RPI's physical play dictate the style of the game, don't expect a Crimson scoring bonanza. RPI won't take the Crimson out of its skating game, but the Engineers will certainly throw up a few roadblocks...
...bonanza goes on. As part of the deal, Bass was also rewarded with some $300 million in tax benefits. Taking those into account, Bass stands to make straight profits of $400 million to $500 million over the next four years, which roughly equals his original investment. To post those earnings, the thrift will have to be well managed. For that Bass has hired Mario Antoci, one of California's most respected thrift executives...