Showing posts with label sports. Show all posts
Showing posts with label sports. Show all posts

Tuesday, July 17, 2012

The Brooklyn Nets and Rebranding A Sports Team: How Players Personal Brands Impact the Rebranding of an Entire Franchise

New City, New Owner, New Arena, New Logo, even "New Jerseys". Over the past year, much has been made over one of the largest public rebranding efforts to impact American sports in decades. Attempting to make the most of a move to a city that is home to its own recent notable rebranding efforts, the New Jersey Nets have done much to capture the publics imagination with its move to Brooklyn and have made it clear that this team will be new in almost every way. 

Starting with the purchase of the team by Russian billionaire Mikhail Prokhorov over two years ago, a brash new style of ownership commenced with selling the message that the move to Brooklyn would not be simply a relocation of the team but a complete rebranding of the Nets as an NBA franchise. The Nets have benefitted from their popular association with minority owner Jay-Z, the generous financing for their Arena by Barclays Bank, and their change to a new team logo which may reflect the only aspect of the move to Brooklyn that could be described as "minimalist". 

While all of these factors bode well for the teams future success in Brooklyn, one important point stands out when it comes to rebranding a sports team, that your team brand is only as strong as the brand of those players on your opening day roster. Cue to Dwightmare (a trademark not liklely sought out by Orlando's Dwight Howard) 2012, and you can see how much star power, particluarly in the NBA, means to the brand of a team. The Nets, realizing that to add a star of D12's stature, they would have to retain a player of Deron William's stature, did what was necessary to bring back the Texas native whose eye had been wandering towards his hometown Dallas Mavericks since the Free Agency period began.  

In order to keep Deron Williams, and thus further their efforts to land Dwight Howard, the Nets knew they had to add an attractive piece to the roster. With most teams holding onto their franchise superstars for dear life, one player was notably very available, Joe Johnson of the Atlanta Hawks. The currrent owner of the most head-scratching contract in the NBA, a contract that exceeds those of Lebron James, Dwayne Wade and Carmelo Anthony, Joe Johnson was widely thought to be significantly overpaid based on his Tier 2 talents, lack of star power, and his lack of connection with Atlanta fans. To Atlanta, he was expendable and his trade necessary in order to start their own rebuilding process, to New Jersey, he was the player who could help keep the player that would land the player the Nets truly wanted on their opening day roster.  

In an era of the "Big Three" in the NBA, where in order to compete or be attractive to available players, a team must have a trio of stars-super stars on their team, the Nets made the trade for Joe Johnson, and although not their preferred player of choice, he was instrumental in working out an extension for Deron Williams. Without Deron Williams, the Nets would have opened their new arena with a roster largely seen as a disappointment. So while the analysts can argue the finer points of the competitiveness of the Nets roster, the teams rebranding efforts should be viewed as a success.  However, without landing those first two star pieces, and keeping hope alive to land D12 sometime over the next year, the new arena and those new uniforms would have, on opening day, felt otherwise quite empty.  For more, a NY Times recent article  and a LA Times article on the Brooklyn Net's rebranding efforts.  

Sunday, July 15, 2012

Sports and Branding: Trademarks Become Part of the Play Book

As recent sports news coverage has demonstrated, most notably an article by ESPN on the subject of athletes and trademarks, athletes have learned the rules of branding and are ready to play the game.

With the speed that Jeremy Lin captured the public's imagination with his uncommon rags to riches story where the subject had to overcome the limitations of being a Harvard graduate, LINSANITY became a national phenomenon almost overnight.

As his popularity skyrocketed and his brand went from non-existent to one of the most viable in the NBA, savvy members of the viewing public began to file applications for the LINSANITY mark in connection with goods and services ranging from apparel to business management.

After threats of legal proceedings caused most third parties to settle and get out of the lane, Jeremy Lin has been recognized in various news reports as the exclusive owner of the LINSAINTY trademark.

Mere months later, Anthony Davis, the No. 1 pick of the 2012 NBA draft and the new face of the New Orleans Hornets, sought to preempt any such cherry picking of his trademark rights by the general public and filed for several brow raising trademarks.  Realizing the potential fodder his unique unibrow look may provide for fans and reporters alike, he filed for the following trademarks:  BROW DOWN, FEAR THE BROW, and RAISE THE BROW.

Now that athletes have realized the value of their personal brands, expect such preemptive filings and agressive legal action to become more commonplace, putting a trademark lawyer right there with a sports agent and personal manager as essential components of an athletes entourage.