A weekly digest of the top Canadian sports business news, tweets, and more. All links are curated by hand by the Sports Business Canada team. Submit your links to firstname.lastname@example.org.
The Ambrosie era begins
The CFL’s search for a new commissioner came to a close on Wednesday with the hiring of former Grey Cup champion Randy Ambrosie. The 54-year-old Winnipeg native not only brings business acumen to the role having held presidential positions at investment companies AGF Funds Inc., Accretive 360 Inc., and MacDougall, MacDougall & MacTier, but is also someone who understands the nuances of the CFL having been a former player. The announcement was met with widespread support, from former CFL Commissioner Mark Cohon, to the CFL Players’ Association. Ambrosie was a finalist for the commissioner’s seat back in 2015 but the job instead went to Jeffrey Orridge, who stepped down in early June. Since his departure, Chair of the CFL Board of Directors Jim Lawson had been serving as interim commissioner.
— CFL (@CFL) July 5, 2017
— Randy Ambrosie (@RandyAmbrosie) July 5, 2017
— Paulo Senra (@paulosenra) July 5, 2017
— Mark Cohon (@MarkCohon) July 5, 2017
— Jim Lawson (@JJL_Sports) July 5, 2017
Magley steps aside
More commissioner related news. After two years as NBL Canada commissioner, Dave Magley announced his resignation this week to be closer to his family in Indiana. During his tenure, Magley was able to do damage control following a pre-game brawl during the 2015 Finals that resulted in the Halifax Rainmen forfeiting the deciding game. He added new teams in Niagara, Kichener-Waterloo, and Cape Breton, and secured new ownership for teams in financial difficulty. More recently, he announced a new team for Sudbury and was working with interested groups to establish a team in St. John’s for the 2017-18 season.
— NBL Canada (@NBLCanada) July 2, 2017
— Coach Mags (@CoachMagley) July 2, 2017
— Justin Prince (@JustinPSports) July 2, 2017
Connor cashes in
It’s been quite a year for Connor McDavid. He lead the Oilers back to the playoffs for the first time in a decade, swept the NHL awards, and just signed the 4th-richest contract in NHL history. McDavid committed to staying in Edmonton long-term on Wednesday by signing an eight-year, $100 million extension. Even though it was rumoured he left money on the table, the Oilers’ captain is set to have the highest AAV in the NHL at $12.5 million when this contract comes into effect for the 2018-19 season.
— Edmonton Oilers (@EdmontonOilers) July 5, 2017
— NHL (@NHL) July 5, 2017
— NHL Network (@NHLNetwork) July 6, 2017
Sun Life Raptors
On Thursday, the Raptors became the 9th NBA team to announce a jersey sponsor. According the TSN’s Rick Westhead, Canadian insurance company Sun Life Financial will pay MLSE more than $5 million per year to appear on the front of the Raptors jersey for the next three seasons.
— SportsCentre (@SportsCentre) July 6, 2017
Sun Life logo will be on front left side of Raptors jersey. Sources says Sun Life will pay Raptors owner MLSE more than $5M per year. /3 pic.twitter.com/MAeLW5hH4c
— Rick Westhead (@rwesthead) July 6, 2017
Get the Sports Business Canada weekly digest delivered to your inbox every week by joining our mailing list.