FREQUENTLY ASKED QUESTIONS

Sports Business Classroom is geared towards a variety of individuals:  College students, college graduates and individuals who have been out of college for a few years wanting to work in this business but just don’t know how.

There are three SBC programs, each with their own acceptance criteria:

  • The Business of Basketball – Las Vegas Experience is open to anyone, but enrollment is limited to 60 students and admission is competitive. Applicants are evaluated relative to their merit and fit for the program, and admission is not guaranteed.
  • The Business of Basketball – Online Experience is open to anyone.
  • The Executive Session is open to team and league employees, agents and agency employees, accredited members of the media, and other industry professionals only.

Admission to the Sports Business Classroom Business of Basketball Program in no way guarantees attendees a job in the NBA.

Content is delivered in various formats in order to maximize learning opportunities, effectively deliver a wide variety of content, and provide students with direct access to some of the best minds in the business.

The 2018 Sports Business Classroom content formats are:

  • Lectures: One-hour, instructor-led GE sessions. Each topic has multiple lecture sections – e.g: 101, 201.
  • Roundtables: One-hour moderator-led panel discussions with industry experts.
  • Practicums: Hands-on exercises in specific topics. For example, the Salary Cap practicum will simulate a mock trade deadline, and the Job Hunting practicum will match students with prospective employers in a “speed dating” format. (Not available via Live Stream.)
  • Deep Dives: Here’s where you really get into your chosen major. SBC will provide three deep dive sessions that are three hours each. The content and format will vary by major:
    • League Salary Cap: Larry Coon’s extensive lecture series on the NBA’s Collective Bargaining Agreement. This is the same content he teaches directly to NBA teams. You will be learning elbow-to-elbow with industry personnel who are taking this series as the Executive Session.
    • Scouting, Video and Analytics: Immersive activities such as working in small groups directly with league personnel as they take you through their work processes as part of the NBA Summer League, or working with analytics experts to develop new metrics.
    • Social Media, Digital Branding and Broadcasting: Immersive activities such as working directly with a player to build his digital brand, or interning with Turner as they broadcast the NBA summer league.
  • Guest Speakers: Grab lunch and sit back while a featured guest talks about his or her personal experience and what it takes to succeed in this business. Past speakers have included Wizards head coach Scott Brooks, Rockets head coach Mike D’Antoni, Raptors GM Masai Ujiri, Spurs GM R.C. Buford, and play-by-play broadcaster Mike Breen.

Residents of Las Vegas or others who have alternate accommodations may register for the No-Hotel Option at a cost savings of $500.

No other discounts or scholarships are available at this time. The Adam Cave Memorial Scholarship was for 2016 only.

Sports Business Classroom strives to create an educational environment in which all participants feel safe and welcome. We encourage open and spirited discussion in a collegial atmosphere so that everyone can enjoy an optimal educational and intellectual experience. We expect all participants to refrain from speech or behavior that is disruptive, threatening, endangering, harassing or illegal, or speech that is racist, sexist or similarly offensive. We reserve the right to take whatever measures deemed, at the sole discretion of Sports Business Classroom management, necessary and appropriate to enforce this Code of Conduct, including revoking a student’s enrollment in Sports Business Classroom without a refund.

All applications are reviewed in a timely manner, and generally applicants will receive a response within seven days indicating one of the following:

  • They are admitted into the program, in the major of their choice.
  • They are admitted into the program, however their chosen major is full. They may choose to be admitted immediately in another major, or go on the wait list for the major of their choice.
  • Their application is in a pending state, until SBC receives additional required information.
  • Their application is in a pending state, and will be re-evaluated at a later date.
  • Their application is respectfully declined.

In order to maximize the in-person experience for attendees, including hands-on work and networking opportunities with speakers and guests, the program is limited to 60 students.

If you are admitted into a specific major, then you are guaranteed to be in that major during the program. However enrollment in some majors is limited, and we may stop admitting students into those majors prior to the close of enrollment. Students may then choose to be admitted in an alternative major, or be put on the wait list for the major that is their first choice. For this reason it is important to register early if you are sure you want to enroll in a specific major.

Our ability to accommodate changes of major is very limited once the program fills-up and enrollment closes. Students can only change to a major in which there is room. If a major is filled, then we can only consider changing to that major if another student drops out or changes out of that major. When this happens, we give first priority to students who are on the wait list for that major.

Maybe, subject to space limitations since individual majors fill up. If you would like to change majors before the program starts, please email us at info@sportsbusinessclassroom.com as soon as possible to discuss. If you would like to change majors after the program has started, please discuss with the SBC instructors. While we will do our best to accommodate your needs, all requests to change majors are subject to approval by SBC.

No, you can apply to one major only, but you will receive exposure to content from all majors in the GE sections and practicums.

Tuition for the SBC Business of Basketball – Las Vegas Experience is $3,500. No-hotel and extended hotel options are also available. All students pay a $25 application fee.

 

All applicants pay a $25 application fee, whether they are admitted to SBC or not. This fee is non-refundable, and is charged when the student’s application is received. This fee is NOT included in the cost of the program.

Students who are admitted into the program are charged a $250 processing fee when they are admitted. This fee counts toward the cost of the program, and is non-refundable.

Students may choose one of two payment options: Pay in Full, or the Payment Plan. Students choosing Pay in Full are charged the full cost of the program (including optional extended hotel days) when they are admitted. Students choosing the Payment Plan make one payment per month. The amount of each payment depends on when the student is admitted:

  Payment month:
Admitted: February March April May June
February $650 $650 $650 $650 $650
March $812 $812 $813 $813
April $1,083 $1,083 $1,084
May $1,625 $1,625
June $3,250

 

All extended hotel amounts are charged with the student’s first payment.

For example, a student who applies and is admitted in March, chooses the payment plan, and opts for one extended hotel day makes the following payments:

  • On application: $25 application fee
  • On admission: $250 processing fee
  • March payment: $912 ($812 March payment plus $100 for one extended hotel day)
  • April payment: $812
  • May payment: $813
  • June payment: $813

All payments are charged prior to the end of the month. The full cost of the program must be paid prior to July 1, with no exceptions.

For more payment information, you can contact us at info@sportsbusinessclassroom.com or 949-757-4242.

SPORTS BUSINESS CLASSROOM REFUND POLICY

The $25 application fee and $250 processing fee are non-refundable. The remaining costs may be refundable, depending on the student’s date of withdrawal. IMPORTANT: For refund purposes, the full fee is considered to be charged and paid when calculating the student’s refund amount. This is to avoid disadvantaging students who paid in full. The refund is calculated against the full amount, and then netted against the amount the student actually paid. However, under no circumstance will a student be required to pay any additional money after withdrawing.

  • If the student withdraws on or before April 30, all remaining costs are fully refundable, including extended hotel days. For example, a student who paid a $25 application fee, $250 processing fee, $3,250 for the remainder of the tuition, and $100 for one extended hotel day ($3,625 total) is refunded $3,350 if he or she withdraws on April 15.
  • If the student withdraws in May, $2,500 of the full fee is refundable, plus extended hotel days. For example, a student who was admitted in February, opted for one extended hotel day, and paid a $25 application fee, $250 processing fee, $750 in February, $650 in March and $650 in April, and who withdraws on May 10 (before the May payment is charged) is refunded as follows:
    • Total considered charged: $3,625 (includes May & June payment amounts)
    • Total refundable: $2,600 ($2,500 plus $100 for extended hotel day)
    • Total non-refundable: $1,025 ($3,625 minus $2,600)
    • Total paid to date: $2,300 (processing fee plus February, March & April payments)
    • Total refunded to student: $1,275 ($2,300 minus $1,025)*
  • If the student withdraws in June, $1,500 of the full fee is refundable, plus extended hotel days. For example, a student who was admitted in February, opted for one extended hotel day, and paid a $25 application fee, $250 processing fee, $750 in February, $650 in March, $650 in April and $650 in May, and who withdraws on June 10 (before the June payment is charged) is refunded as follows:
    • Total considered charged: $3,625 (includes June payment amount)
    • Total refundable: $1,600 ($1,500 plus $100 for extended hotel day)
    • Total non-refundable: $2,025 ($3,625 minus $1,600)
    • Total paid to date: $2,950 (processing fee plus February, March, April & May payments)
    • Total refunded to student: $925 ($2,950 minus $2,025)
  • If a student withdraws July 1 or later, no refunds are given.
  • In the exceptional case of certain unplanned events, such as the death of an immediate family member, hospitalization of the applicant or jury duty, Sports Business Classroom will issue a full refund (minus application and processing fees) upon presentation of satisfactory documentation.

* As another example, a student who is admitted in February, chooses one extended hotel day, pays in full, and withdraws in May is refunded as follows:

  • Total paid: $3,625 (application fee, full amount for program, and one extended hotel day)
  • Total refundable: $2,600 ($2,500 plus $100 for extended hotel day)
  • Total non-refundable: $1,025 ($3,625 minus $2,600)
  • Total refunded to student: $2,600

As one final example, a student who was admitted in April, did not opt for any extended hotel days, and paid a $25 application fee, $250 processing fee and $1,083 in April, and who withdraws on May 10 (before the May payment is charged) is refunded as follows:

  • Total considered charged: $3,525 (includes all remaining payment amounts)
  • Total refundable: $2,500
  • Total non-refundable: $1,525 ($3,525 minus $2,500)
  • Total paid to date: $1,333 (processing fee plus April payment)
  • Total refunded to student: $0 – the student paid only $1,333 of the $1,525 non-refundable amount.

In the example above, note that even though $1,525 was non-refundable and the student paid only $1,333 of that amount prior to withdrawing, the student is not required to pay any additional money upon withdrawal.

In the case of certain unplanned events, such as the death of an immediate family member, hospitalization of the applicant, or jury duty, the Sports Business Classroom will issue a full refund once documentation is received.

Yes, the $25 application fee is charged when we receive your application, and is non-refundable, whether you are admitted to the program or not.

However, if an ineligible student (someone who is not an industry professional) applies for the Executive Session and his or her application is rejected, the application fee for the General Session is waived if the student then applies to the Business of Basketball – Las Vegas Experience session.

Prospective applicants are strongly encouraged to inquire at info@sportsbusinessclassroom.com with any eligibility questions prior to submitting an application for the Executive Session.

The $250 processing fee is charged when you are admitted into the program; it is not charged to applicants who are not admitted. It counts toward the cost of the program, leaving $3,250 of the base tuition remaining to be paid.

Hotel accommodations for Sports Business Classroom will be provided by Palms Casino Resort, and lodging for July 8 (check-in) to July 15 (check-out) are included in your tuition (unless you choose the No-Hotel Option).

Students choosing the Extended Hotel Option may stay the night of July 7-8 and/or the night of July 14-15 at the SBC group rate. The Extended Hotel Option is not available prior to July 7 or after July 15.

Students who require accommodations outside the SBC program and the Extended Hotel Option must make their own arrangements with the Palms or another hotel for these dates.

You are responsible for your own incidental hotel expenses such as room service and are liable for any injuries or damages that result from any misconduct or noncompliance.

The Extended Hotel Option is provided as a convenience for SBC students who wish to travel the day before the program starts and/or the day after the program ends. Students may elect to stay the night of July 7-8 and/or the night of July 14-15 at the Palms Casino Resort at the SBC group rate. The Extended Hotel Option is not available prior to July 7 or after July 15.

If you did not choose the Extended Hotel option when you registered and would like to add it later, please contact us at info@sportsbusinessclassroom.com Students can add one or both Extended Hotel days through June 30, 2018, subject to availability. SBC cannot accommodate requests to add Extended Hotel days after June 30. Students who would like to add additional days after June 30 must make their own arrangements with the Palms or another hotel for those dates.

Yes, students are responsible for their own travel to and from Las Vegas for the program.

Renting a car is not necessary. Round-trip bus transportation will be provided between the Palms Casino Resort and the Thomas & Mack Arena and Cox Pavilion each day. Two busses leave at the same time each morning to transport students to Sports Business Classroom. The busses leave at different times in the evenings – the first bus will be for students who want to return after SBC sessions end; the second bus will be for students who want to return after the end of Summer League games.

Students are responsible for their own transportation if they miss a bus or wish to travel outside the scheduled times or scheduled routes. SBC recommends that students have access to alternative transportation services such as Uber and Lyft in the event a bus is full, they miss a scheduled pick-up time, or they wish to travel outside the scheduled times.

Complimentary food and beverages will be provided for the Welcome Reception on Sunday, July 8. Beverages and lunch will be provided during the program on Monday, July 9 through Saturday, July 14. Students are responsible for their own meals unless listed above, including breakfast and dinner for each day of the program.

Please notify SBC prior to the start of the program if you have any dietary restrictions that require accommodation.

Las Vegas temperatures are frequently over 100° F during the month of July, so plan accordingly.The attire for Sports Business Classroom is relatively casual – for example, polo shirts and chino slacks for men are typical, as are correspondingly casual attire for women. There also may be special sessions or events where you might want to step up the attire a little.

All SBC students will receive a wristband which provides access to the Sports Business Classroom facilities as well as the Las Vegas Summer League during the dates of the program. Students may attend any Summer League game outside scheduled class hours. Students are responsible for purchasing their own tickets to the Las Vegas Summer League prior to Sunday, July 8 and after Saturday, July 14.

Reserved seating for SBC students will be provided in Section 104 in the Thomas and Mack arena. There is no reserved seating in the Cox Pavilion – SBC students may use any seats open to the general public. SBC students have access to the arena floors, hospitality suite, and business areas utilized by the program. SBC students do not have access to areas that are reserved for media or team personnel.

There is no set minimum age, but please keep in mind that SBC assumes a level of maturity and independence commensurate to a workplace, so students who require parental supervision would not be appropriate for the program. Also keep in mind that the admission process for SBC is competitive, and younger applicants might not have enough education and ancillary experience to compete with other applicants.

If the program is full (i.e., if we have reached our 60 student maximum) you will not be charged the application fee or processing fee. If we inform you that the program is full and you indicate that you wish to join the wait list, then you will be charged the $25 application fee and your application will be evaluated. If we provisionally accept your application (pending a space becoming available) you will be placed on the wait list. If a space subsequently opens up you will be removed from the wait list and accepted into the program. You will be charged the $250 processing fee at that time.

If the program is not full but your chosen major is full, you will be charged the $25 application fee and your application will be evaluated. If your application is provisionally accepted you will be offered the choice of admission into an open major or to go on the wait list for your chosen major. If you then choose an open major, you will be enrolled in the program and charged the $250 processing fee. If instead you choose to wait for your chosen major, you will be placed on the wait list for that major. If a space subsequently opens up you will be removed from the wait list and accepted into the program. You will be charged the $250 processing fee at that time.

If you have an outstanding balance due, you must pay at least the amount indicated in the payment plan. You also have the option to pay more, if you wish – please contact us at info@sportsbusinessclassroom if you would like to pay a greater amount in a given month.

For example, if you register in February and choose the Payment Plan, you would be scheduled to pay $650 per month for five months. You could choose instead to pay $650 in February, and $1,300 in March and April. You could not choose to pay $650 in February and $1,300 in April and May, because you must pay at least $650 in March.

No, this program is geared towards a variety of individuals:  College students, college graduates and individuals who have been out of college for a few years wanting to work in this business but just don’t know how.

The Executive Session is reserved for league and team front office personnel, agents and agency personnel, accredited media, and other industry professionals who are seeking to learn more about the NBA’s Collective Bargaining Agreement and salary cap.

If you are not eligible for enrollment in the Executive Session, you may receive the same content by enrolling in the Business of Basketball – Las Vegas Experience and selecting the League Salary Cap major.

The Executive Session provides nine total hours of instruction, and is led by Larry Coon, a noted expert in the field and the author of the Salary Cap FAQ at www.cbafaq.com.

The Executive Session is a subset of the full Sports Business Classroom (SBC) Business of Basketball session. Students enrolled in the full SBC program receive extensive instruction in multiple areas of relevance to employment in the industry. The curriculum consists of “GE” content, in which all students get a little bit of everything, and “Major” content, where students get a deep dive into their chosen specialty. Enrollees in the Executive Session will join SBC students who choose the Salary Cap major for a deep dive into the NBA Collective Bargaining Agreement and Salary Cap. The Deep Dive includes both lectures and hands-on exercises.

Executive Session attendees have the option to request attendance in General Session GE sections. Availability is limited, and subject to approval from the SBC General Manager.

The syllabus for the Salary Cap Deep Dive and Executive Session is refined and improved from year to year, and will not be finalized until shortly before the program. The following is a sample syllabus:

  1. Review of CBA/Salary Cap basics
  2. Team Salaries
    1. What is included and not included
    2. Cap Holds & Room
    3. Getting salary off the cap
    4. Exercises
  3. Contracts
    1. Years (maximum & minimum)
    2. Salaries (maximum & minimum; increases/decreases)
    3. Options and ETOs
    4. Incentives
    5. Alternate pay schedules
    6. Form of the UPC
    7. Exhibit 1 – Compensation
    8. Exhibit 1A – Minimum Player Salary
    9. Exhibit 1B – Two-way Players
    10. Exhibit 2 – Compensation Protection
    11. Waivers and the Stretch Provision
    12. Trade Payments
    13. Summer Contracts and Exhibit 9
    14. Contract Amendments
    15. Exercises
  4. Exceptions
    1. Concepts and pro-ration
    2. Bird rights
    3. Other exceptions
    4. Exceptions and the Hard Cap
    5. Exercises
  5. Trades
    1. Below-the-cap and above-the-cap trades
    2. Simultaneous and non-simultaneous trades
    3. Exceptions and trades
    4. Configuration of trades
    5. Executing a trade
    6. Salaries in trades
    7. Aggregation
    8. Special kinds of trades
    9. Draft pick trades
    10. Cash in trades
    11. Trading restrictions
    12. Other trade considerations
    13. Exercises
  6. Extensions and renegotiations
    1. Eligibility and term
    2. Veteran extensions
    3. Rookie extensions
    4. Renegotiations
  7. Restricted free agency
    1. Definition and eligibility for restricted vs. unrestricted
    2. Qualifying offers and starter criteria
    3. Offer sheets
    4. First Refusal Exercise Notices
    5. Exercises
  8. Entering the league
    1. Player eligibility
    2. Trading draft picks
    3. Required tenders
    4. Trading the rights to drafted players
    5. Drafted players who are unsigned
    6. Undrafted players
    7. First contracts
    8. Exercises
  9. Entering the league
    1. Player eligibility
    2. Trading draft picks
    3. Required tenders
    4. Trading the rights to drafted players
    5. Drafted players who are unsigned
    6. Undrafted players
    7. First contracts
    8. Exercises
  10. Miscellaneous topics
    1. Waivers (in-depth)
    2. Sign-and-trade (in-depth)
    3. Gilbert Arenas provision
    4. Exercises
    5. CBA/Labor Overview
    6. Setting the salary cap
    7. Team and league finances (including escrow and luxury tax)
    8. Protecting the system