Terry Bradshaw Coming to Indy; Talks New Labor Deal

Being the sports nut that I am, it was pretty cool to interview NFL legend Terry Bradshaw last Friday for the Chamber’s BizVoice® magazine. The four-time Super Bowl champion quarterback for the Pittsburgh Steelers and current Fox NFL broadcaster  is the featured speaker at our 2011 awards dinner this fall.

The excitement over the Super Bowl coming to Indianapolis should be building come November 17 when Bradshaw takes the stage at the JW Marriott. He said to expect some good stories, reflection and humor in his speech entitled, “Why Not Your Best.”

Thankfully, today it now seems assured we will have a football season. When I spoke with Bradshaw, he didn’t hold back on his feelings regarding the labor negotiations between the players and owners, the general public’s perception of it and how things used to be:

“To a fan, it’s greed vs. greed, but I’ve wanted to tell the fan this for years, for decades: The players were held in bondage. They were like Exodus in the Bible. The Israelites wanted out and the pharaoh wouldn’t let them go, and finally Moses came and performed his miracles and set his people free. That’s kind of what happened with the players. We didn’t have the freedom to move from team to team, we didn’t know what players were making, and we didn’t know what the teams were making and whether or not that little $40,000 check I got at the end of the year should have been making $400,000 or $500,000. The (first) CBA (collective bargaining agreement) forced them to open up the books.

Like any worker out there, if you’ve got a four- or five-year contract and it expires, and some other organization says ‘We want you to come over to our place,’ the Indiana Chamber of Commerce doesn’t have the right to say, ‘Wait a minute, we have a right of first refusal.’ You take the best offer and you part company. It’s all about money; always is. If somebody offers you twice what you make now, you’re leaving. This is the American way; it’s capitalism at its best.

The players only get roughly two negotiation periods in a football career, because the average life is only four years, I think. I’m definitely more inclined to support the players in this.

When it’s all said and done, the players are still going to be taken care of. The older people (retired players) are going to be taken care of; the pensions are going to be taken care of. There’s a lot of great things. And that’s why the CBA is taking so long. I do not blame the players for taking their time as I would insist they do, to make sure. Because it’s 10 years before they can come back and revisit. ‘Well, you didn’t talk about the helmet issue,’ … then it’s too late.”

Strange Criteria for Picking a Super Bowl Winner

This week, there’s a lot of talk about the passing prowess of Aaron Rodgers and the closing speed of Troy Polamalu. But if you’re looking to capitalize on a friendly Super Bowl wager this weekend, it seems unemployment rate may be as important as anything in predicting a winner. Yes, it’s bizarre, but the team from the city with the lowest jobless rate has won 16 of the last 20 games. RiseSmart reports:

Could a city’s economic prosperity, as measured by employment level, make a difference in its team’s chances of winning the Super Bowl?  Data from the Bureau of Labor Statistics suggests that it does.  According to a new analysis by RiseSmart, the team whose metropolitan area boasts the lower jobless rate has won 16 of the past 20 Super Bowls – an 80 percent success rate.  

Based on this historical correlation, the Green Bay Packers should be the favorite to defeat the Pittsburgh Steelers in Super Bowl XLV.   Through November, the 2010 unemployment rate for the Green Bay metro area was 7.7 percent, compared to 8.1 percent for the Pittsburgh metro area. 

On January 27, 1991, the New York Giants beat the Buffalo Bills in Super Bowl XXV, despite the New York City metro area having a higher 1990 jobless rate than Buffalo.  After that game, however, the Super Bowl winning city had lower unemployment in 16 of the next 19 contests, including Super Bowl XLIV, in which New Orleans (6.7 percent 2009 unemployment) defeated Indianapolis (8.4 percent). 

Other facts of note:

  • On the six previous occasions that both teams’ metro areas have had unemployment greater than 5.5 percent — as is the case this year — the team from the metro area with the lower jobless rate has won in every instance.  

  • This is the first Super Bowl in the past two decades in which both teams hail from metro areas with jobless rates exceeding 7 percent.  On the four previous occasions that one team represented a city with 7+ percent unemployment, it lost the Super Bowl in every instance.

  • Since 1991, Super Bowl winning metro areas have had an average annual unemployment rate the prior year of 4.8 percent, compared to 5.4 percent for Super Bowl losing metro areas.

“Unemployment is the No. 1 issue in America today, and that will be true on Super Bowl Sunday as well,” said Sanjay Sathe, CEO of RiseSmart, a provider of next-generation outplacement and recruitment solutions. 

“In weighing the meaning of this analysis, correlation doesn’t imply causation, of course. But you could argue that a fan base with lower unemployment is more likely to attend games, buy team gear, celebrate at sports bars and, ultimately, cheer their team on to victory.  By contrast, a metro area that is struggling with high unemployment might have a subtle but insidious effect on its team’s morale,” Sathe said.

Super Bowl: Winner – Jobless Rate; Loser – Jobless Rate
1991: NY Giants – 5.5; Buffalo – 5.3
1992: Washington – 4.6; Buffalo – 7.2
1993: Dallas – 6.9; Buffalo – 7.5
1994: Dallas – 6.1; Buffalo – 6.8
1995: San Francisco – 5.9; San Diego – 7.1
1996: Dallas – 4.8; Pittsburgh – 6.0
1997: Green Bay – 3.4; New England – 4.1
1998: Denver – 2.9; Green Bay – 3.3
1999: Denver – 2.9; Atlanta – 3.3
2000: St. Louis – 3.5; Tennessee – 2.9
2001: Baltimore – 3.8; NY Giants – 4.4
2002: New England – 3.6; St. Louis – 4.6
2003: Tampa Bay – 5.6; Oakland – 6.2
2004: New England – 5.7; Carolina – 6.3
2005: New England – 5.0; Philadelphia – 5.1
2006: Pittsburgh – 5.2; Seattle – 5.0
2007: Indianapolis – 4.4; Chicago – 4.5
2008: NY Giants – 4.4; New England – 4.1
2009: Pittsburgh – 5.1; Arizona – 5.3
2010: New Orleans – 6.7; Indianapolis – 8.4

Note: Jobless rates are for year prior to Super Bowl year.  Source: Bureau of Labor Statistics