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06.25.

The Most Expensive Hockey Stick in the World $4.25 Million

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We’ve heard of golf clubs being priced rather heavily with unique material, but never did anyone think that hockey sticks could be worth millions!  The funny part about the world’s most expensive hockey stick is that it isn’t encrusted with precious diamonds and gems and neither do they have the pricey napa leather grips- as they are just sheer pieces of wood that are very old.

A Canadian man in 2009 created headlines when he purchased a hockey stick from an antique shop in Quebec which cost him $3,000.  After carbon dating the stick, it was found that it dated back to the 16th century.  He instantly decided to put his antique hockey stick up for auction on eBay and sell if at a minimum bidding rate of $1 million, however, the bubble was popped when historians doubted about the actual origin of the stick as they were of the opinion that they were carved recently from old chunks of birch wood and was not used for playing hockey in the Nova Scotian region in the 1600s.

Whatever may be the case, the world’s most expensive and perhaps the oldest hockey stick does not date back that long, but has been crafted relatively recently in the 1850s in Ontario.  This means that the world’s oldest hockey stick was crafted a few decades before the very first ice hockey game was played.  This heirloom item was then passes from one generation to another until it finally arrived in the hands of Gordon Sharpe.  Upon getting an appraisal of the stick, Sharpe came face-to-face with a pleasant bit of news:  he found out that the stick was now worth US $4.25 million.

Since then the hockey stick was been safely kept at the Hockey Hall of Fame and has also been displayed at Wayne Gretzky’s bar.  Sharpe has also tried to auction the stick on three separate accounts, citing reasons such as the price of the insurance and the extra safety precaution that were taken to safeguard the stick- which was a source of concern for him.  Recently, the stick had gone through auctioning during the 2010 Winter Olympics, however, there is no information of any deal.

Hockey sticks have undergone a lot of transformation and so has the game.  The first most obvious change in the hockey stick is blade which has undergone the most changes as it has now become more curvier so that the players could deliver powerful and accurate shots.  Another change in the hockey still has also been the weight of it and the durability.

A lot of hockey sticks are crafted in innovative ways.  The very first wooden hockey stick was made out of aluminum.  However, soon after that there have been other wild variations on the humble stick, by giving it titanium, Kevlar, and fiberglass.

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01.17.

How Much Money Will Lance Armstrong Lose From His Scandals?

In the wake of the USADA’s report Lance Armstrong was dropped by every single major sponsor including Nike, Annheuser-Busch, Radio Shack, Oakley and Trek Bicycle Corp. Armstrong also lost several lesser known endorsement deals and will unlikely be commanding six figure speaking engagements or appearance fees anytime soon. The loss of these endorsement deals are expected to cost Lance $30 million over the next few years alone.

In addition to losing out on endorsement dollars, this morning the International Cycling Union announced that they were stripping Lance of all seven of his Tour de France victories. This latest blow will likely mean that Lance will be required to pay back $4 million in prize money he earned for those victories. As if that wasn’t painful enough, with each Tour victory, Lance also received performance incentive bonuses from his US Postal Team. In total, Armstrong received $7.5 million between 2002 and and 2006 in bonuses which were paid out by a Texas based insurance company called SCA Promotions. SCA Promotions sued Armstrong back in 2005 over $5 million they refused to pay amid his steroid allegations. They ended up losing the lawsuit and had to pay the full $5 million plus another $2.5 million in damages.

So in the short term, Lance is likely going to have to pay back $12.5 million in bonuses and prize money. Plus he will lose a minimum of $30 million in short term endorsement dollars. But the real blow to Armstrong’s wallet will happen in the long run since his reputation as a champion and philanthropist has been decimated. It’s conceivable that over his lifetime, Lance Armstrong will lose hundreds of millions of dollars personally. Fortunately his net worth today is still hovering around $125 million, so he should be able to weather the storm and still have lots of dough. Just might not have very many friends to spend it with.

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01.03.

Lionel Messi Just Became The Highest Paid Soccer Player In The World

Lionel’s base salary is being raised from $10.5 million to $15.44 million. By 2018, his base salary will have risen to $20.3 million. Amazingly, $15.44 million will make Messi just the third highest paid player in terms of base salary, behind Zlatan Ibrahimovic ($19.5 million) and Samuel Eto’o ($26 million). On the other hand, when you take into account bonuses, Barcelona will pay Lionel a mind numbing $44.68 million next year, making him the highest paid soccer player in the world. Keep in mind Lionel also earns $20 million per year off the field from endorsing companies like Adidas, EA Sports, Dolce & Gabana Pepsi and Herbalife. When you take into account base salary, bonuses and endorsements, Lionel Messi will earn a grand total $66.68 million per year! Not bad for someone in their mid-twenties. Do you think Lionel is worth it? Below is a list of the 10 highest paid soccer players in the world, bonuses and base salaries included.

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11.13.

Floyd Mayweather Makes $40 Million in one Night

On Saturday September 17th, undefeated boxing champ Floyd Mayweather stands to make $40 million in one night fightingVictor Ortiz. Even if he loses. Not too shabby for a few hours worth of work. So how does Floyd make so much money? Turns out Money Mayweather is a fairly shrewd businessmen and has negotiated deals that will enable him to take much more than the standard flat fee for stepping into the ring. Floyd will be taking a cut of nearly every aspect of the match on Saturday, from pay-per-view earnings and ticket sales, to food vendors and apparel.

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