*By Carlo Versano and Conor White*
Alex Rodriguez had one of baseball's most storied and complicated careers, but his investment strategy is quite simple.
That strategy, made famous on "Shark Tank," is about focusing on business segments the former Yankee both understands and is passionate about. He told Cheddar he prefers the "narrow and deep" over the "wide and shallow."
To pursue the narrow and deep, Rodriguez ー the beneficiary of two of the most lucrative contracts in sports history ー is now the CEO of his own investment firm, A-ROD Corp.
His business acumen was first observed during his famous baseball career, when he grew a real-estate portfolio from a single duplex to now more than 10,000 units across 11 states. Real estate was something he understood implicitly after growing up poor in Florida. "I dreamt as a young man that one day I could trade places with the landlord," he said.
He has used that same gut strategy to invest in new ventures in health and fitness, media and entertainment, and even a beauty brand (with the help of his girlfriend, Jennifer Lopez).
Among those investments: a partnership with esports powerhouse NRG. The esports industry is one that Rodriguez called a "phenomenon."
"The numbers and the business keep growing," he said. "Other than the Super Bowl, esports will take a backseat to nothing."
When A-Rod came on the scene as a rookie slugger for the Seattle Mariners in 1994, the idea of a player signing a contract worth hundreds of millions of dollars was almost unheard of. But in 2000, he signed a $252 million deal with the Texas Rangers ー the biggest by far at that point.
Now, nine-figure contracts for baseball's best players are more common, and Rodriguez thinks they have room to grow even larger. The league grew from $1 billion to $10 billion in revenues during his time on the field, though he said contracts have not grown apace.
With two of the league's best talents, Manny Machado and Bryce Harper, now in free agency, his record for most career earnings ($480 million) could finally be broken ー and he hopes it is. "I am cheering them hard," he said. "I hope they both break it."
For full interview [click here](https://cheddar.com/videos/mlb-legend-alex-rodriguez-esports-is-quite-a-phenomenon).
The basketball star, who has been DJing since the 80s, tells Cheddar that he initially decided to start spinning after attending a Public Enemy concert and meeting Chuck D and Terminator X. "I got enough money to go to the pawn shop, get some turntables and taught myself how to DJ." His "Summer of Shaq" tour began June 9 and runs through August 5.
The basketball superstar took over Cheddar's Slack channel to tell the team to "BE NICE" and "TAKE MONDAY OFF."
Facebook is in talks to launch a 13-episode series about the Portuguese soccer star for its Facebook Watch platform. It's reported Ronaldo could make $10 million from the series but it's unclear if Facebook's investment in original content would turn into viewers, says Taylor Lorenz, a staff writer at The Atlantic.
Tomorrow's match will pit five-time World Cup champion Brazil against Belgium, which Quartz reporter Mike Murphy says is "the most exciting team at the World Cup." The quarterfinal game kicks off at 2 pm ET on Friday.
Matthew Nordgren, a former Philadelphia Eagle and founder of the Arcadian Fund, drew inspiration from his father, also a former pro, to help weed start-ups grow into businesses of a "championship caliber," he tells Cheddar.
After signing a $154 million contract with the L.A. Lakers, some are wondering if the basketball legend has some ulterior motives in moving to the West Coast. “I think he’s primarily going to become a dominant producing force and maybe becomes an Oprah-type person, who launches his own channel,” Sean O’Connell, managing editor at Cinemablend tells Cheddar.
Russia's shocking win over Spain in the Round of 16 got the team one step closer to its first ever World Cup championship. But while there's still a lot of game left to be played, The Banter's Jeffrey Marcus says, regardless of the outcome, President Vladimir Putin has already achieved his goal.
While many soccer fans will be tuning into the round of 16 starting this weekend, some are still not over the ultimate loss — the United States not participating. However, Jeffery Marcus, publisher at the Banter, tells Cheddar he thinks that for the U.S. to have a solid chance at a 2022 World Cup, it's a matter of "finding better players and nurturing them."
The league launched an initiative aimed at empowering women and girls by partnering with organizations like Planned Parenthood and It's On Us. "This is basically encoded in our DNA and has been for the 22 years that we've been in existence," WNBA President Lisa Borders tells Cheddar.
Germany's hopes of a second straight World Cup came to an end Wednesday with a shocking loss to South Korea. While Germany is considered a perennial powerhouse, defending champions often get knocked out of the first rounds of the event, says Jeffrey Marcus, publisher of The Banter.
