Does March Madness hurt worker productivity?
Rick Horrow examines the business implications of March Madness
- Duration 6:46
- Date Mar 12, 2012
Rick Horrow examines the business implications of March Madness
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-- thirty points.
We had -- sports because they feel like there's a lot going on so let's go out to Rick Horrow Rick where are -- these days.
Actually you are a few blocks away but I couldn't get over there -- Heidi I'm gonna pay a visit to your bosses later on this afternoon.
We just -- actually Webster's Austin.
I thought that -- losers -- for me you know what -- of course -- -- you because I'm following that guy use another word to describe me if you could -- also for him okay.
Okay our content I didn't and then of course it is -- -- there -- little discussion here.
I way to -- I guess March Madness begrudgingly because I had so little interest in -- but.
-- -- -- when he gets me is the loss of productivity during.
Bit the whole selection process.
Well it's funny we talk about -- vacations -- preceding segment direct challenger gray and Christmas eight.
-- analytic firm PR firm did a study.
It talks about how British.
Attracting two and a half million unique viewers a date and they're watching for an average of ninety minutes watching games.
That's -- a 175 million dollars -- lost productivity.
With the employee sneaking a peek at this Thursday Friday.
I can also argued that a happy worker is a productive workers so there watching and they're happy -- would make it back to work they spend more money.
The big winner by the way it all this.
Is New Orleans the BCS championship the final for the super ball.
Post-Katrina New Orleans is -- measurably helped by these three major sporting events that are brought -- to town these two years.
Yeah I like here -- that actually that's why I had it.
I -- some behind the scenes this last football season for that exact reason I lets -- -- over to baseball.
Because there's two big stories going on one is San Jose in two is the Mets so let's start with San Jose and.
Well San Jose is a battleground over a east team that has its territory rights -- one it doesn't.
-- when a user trying to find a new way to get a stadium done either Fremont.
Or do you -- -- where -- stadium is now they're running into financial troubles and political troubles they've looked at downtown San Jose San Jose welcomes them anywhere -- Santa Clara County to tax -- bigger one -- Sampras does good giants have the territory -- right.
Had had them it 2008.
But -- the computer reaffirmed that eat at the process began way back in nineteen I -- When they've applied and said no that's the giants territory there is a study committee to deal with this.
If rights do exist for the -- to build a stadium in San Jose -- have to pay the giants a pretty hefty amount to get that done so.
This chapter hasn't been finished but it also requires a stadium ultimately for the alternates it's -- -- happen for based.
Yet that's clouds -- and then this other stories -- to me that Fred Wilpon.
Under the -- is -- an -- Irving Picard trust money why.
Well because they're trying to figure out exactly how much they older should have owed -- he couldn't money into a left handed reliever but the -- -- he says -- the Picard.
Action on behalf of the trust says you know we've got to return -- those dollars that they weren't received in the appropriate way.
It's a big trial about what should have been known and not doesn't automatically mean.
That that's owed it -- that the trial and it's gonna start very soon.
And some financial long term future.
Commitments and history viability is at stake -- that trial.
Also Fred Wilpon and Saul Katz want to sell limited partnership units.
They've got data more stable base they they do now with the lawsuit hanging over their head is going to be very difficult to sell units.
He had good -- -- -- -- what's the -- what's the story with that right now have they sold any.
Well there in in processing you know we're in the process means and -- don't know if there 80% sold 30% soul you know twenty million dollar units ten of them.
To be a limited partner with the team to stop playing very well with somewhat dubious upside that's a concern however.
The Mets have been a great institution in new York and a lot of people see them as there are teams so ultimately.
If and when the Mets return a problem it's if you buy partnership peace now you can make a lot of money but didn't act the way it always is is -- always risk and reward.
In a joke OK and we have to talk about golf unfortunately.
Because I know Tiger Woods would immediately tours ACL announced his outlook together.
The discussion is UCL and how much he walked off the course he was limping.
I was at that a -- you see it live to the car this is not a stunt.
He seriously is so.
Riddance as far as work -- Bit key is more -- probably.
To have some injuries when you over -- I'm not a doctor are barely a lawyer but I will tell you -- it's difficult to imagine Tiger Woods staying injury free.
As he continues his hunt to out.
Bid to edit out -- -- Jack Nicklaus record eighteen majors is going to be a long haul.
Yet no joke -- and finally I got -- -- gets -- NASCAR because NASCAR just -- fans -- how much money in the thing makes.
Is it well.
I mean -- it's just a well run organization right Tony Stewart takes -- in -- again this -- does help this -- -- -- -- like Tony Stewart -- there.
Yet they do you have to say well oiled machine -- not.
-- good I was good -- it.
Everybody said USA do you don't meet the war and I did NASCAR -- it well oiled machine at -- old.
Naming rights to the track in Sonoma to infineon they're not -- -- so they're looking for other sponsors.
NASCAR is still almost brand loyal of any sport so the drivers do well the tracks do well -- races do well.
Now that the economy is turning around NASCAR as well as others would seek the -- welcome a proposal to -- the Dow was up correct Sarah -- that -- beautiful day.
Dow is up.
Everybody's excited I predicted died when a super -- but thirty did it start.
-- -- season Arianna I don't know about that.
-- and ready for baseball Major League teams.
Cactus league Arizona vs Greg -- lead Florida fifteen.
Teams in each place it is a huge fight over that industry and it's worth about a half a billion dollars so you better keep fighting we'll see where the next team it's -- -- it's all good stuff as are you -- -- not set out on this site.
At foxnews.com there it is is marked man is bad for business.
-- -- you gotta read it read it about eight times click -- -- it about a hundred times.
-- you're great in I it's nice that you're in the city in -- when the sun shining so there.
Yeah I'll be honest up by say hi so today -- I -- see it actually.
Okay good Rick Horrow sports it sure man I think he's there to get his piece on foxnews.com.