Not Financial Advice (NFA)
Warning: Wall of Text. If you hate reading just skim through the bolded/italicized
Ever since I publicized my findings on DKNG, the stock has underperformed & probably has fucked a lot of people here, especially given the overly bullish stance back in June. Unless you took my advice & got into Puts then, congrats, welcome to tendie town. For the ADHD retards, here’s what the next wall of text is going to summarize: I believe at the
current price of ~$30, the stock is oversold.
A tech-focused, high-growth Company that has made sports betting easy to understand with an aesthetically pleasing interface similar to how Robinhood has neatly laid out stock market gimmicks so even high-schoolers can make sense of it I believe, is underpriced at these levels.
Let’s get into some details as to why the stock has underperformed:
First off, the news slate revolving sports with the rumored delay/cancellation of the MLB season & the NFL watching from the sidelines is in my view, just a part of why the stock has underperformed. We’ll revisit this later in this post, but I want to focus on the drivers of the stock’s recent underperformance, & why these factors are now in the rearview mirror.
Part I – The Past Has Passed – SPAC-related Equity Dilution History lesson first: DKNG went public via a SPAC merger, which has exploded in popularity recently. Anyone serious about analyzing stocks going forward needs to do their homework on this, Google is your friend.
A feature of most SPAC merger to public listings that creates a headwind to near-term share prices are embedded equity dilution events, usually in the form of earn-outs (stock bonuses to execs, the SPAC sponsor) & conversion of Warrants.
On 5/24, the earn-outs were triggered, adding 6m shares to the share count.
On 6/26, 16.3m warrants converted to DKNG, netting them ~$188m of cash.
Stepping back a little, in addition to the above, on 6/18 DKNG launched a follow-on equity offering of 16M shares @ $40/Share [1], receiving $621M in proceeds.
The last part is tricky to understand from a dilution perspective. To simplify, historically it’s almost a coin toss whether a Company’s shares outperform on the onset of an equity offering. While issuing shares does dilute the existing shareholder base, it theoretically shouldn’t, if the proceeds from the offering are earmarked for investments/projects that yield outsized returns. This is the reality for the long term, theory for the short-term. For the short-term, the ‘reality’ isn’t that the proceeds will be used for investments/projects that yield outsized returns, it is more about how convincing management is to investors that the investments they intend to pursue with the proceeds will outweigh the dilutive effects of issuing incremental shares. That’s a mouthful, but hopefully you get what I’m trying to convey.
All of this stuff put together – the Company has increased its share count by ~39M, but now has a whopping
~$1.4Bn of cash [2]. More on this in the next section.
Part II – MLB News Should Not Fucking Matter & DKNG Is Positioned As the Leading Online/Mobile Sports Platform DKNG should not be so tied to MLB news or any of this shit as the ongoing success of the NBA/NHL season + Soccer in Europe has effectively created a blueprint on how to regulate player behavior so that they maintain professionalism amidst the pandemic. I’m going out on a whim here, but I truly think the MLB threatening a cancellation of the season is pure posturing to get these fuckers to behave appropriately. Maybe a ‘bubble’ is what it takes to get these players to focus on their jobs instead of going out & contracting COVID, but I argue that isn’t necessarily required given Soccer in Europe. So there’s already a proven path here without the need for a bubble in Soccer, so MLB/NFL should be fine, and execs need to study how they got it done in Europe. Okay, back to some facts.
Anecdotally, I’ve kept in touch with a handful of sports bookies from California to New York & even internationally about what they’re seeing – all of them say that since the NBA season started on 7/30 & since Soccer (especially the Premier League) resumed in June, along with other leagues like La Liga & Serie A, they’ve seen massive increases in betting.
These numbers are also showing up in the official data [3]:
- Average % increase in sports betting handle from April 2020 to June 2020 (handle is the total $ wagered in sports bets) from the states that reported up to June 2020 (NJ, PA, MS, RI, WV, IA, IN, NH) of +258%!
- Note: NV is left out due to the site I sourced showing a weirdly negative number – so I dug into the official filings & show specifically, Sports Mobile betting growth from June since April has growing by at least +73% [4]
REMEMBER: This is for June only! No NBA, No NHL, No MLB, just Soccer, Golf, NASCAR & UFC.
The data clearly shows that there was a ton of pent-up sports betting demand, which leads one Wall St. analyst to think that
betting on the NBA/NHL could ABSORB the MLB’s sports betting handle (handle = total $ size of sports bet) [5]. Remember, the MLB season is still ongoing, with games being played. The entire focus is on the Miami Marlins & St. Louis Cardinals. Fucking retards.
Additionally, I want to remind everyone that DraftKings.com is the
#1 Fantasy sports website in the U.S. [6]. Also, since April 2020 site visitations are up
+86% [7] & Google Search Trends for “Draft Kings” is up
~3x compared to PRE-COVID levels [8]. What does this mean? They are piquing more people’s curiosity than prior to COVID/ongoing slate of sports.
This is important because remember that ~$1.4Bn chest full of cash I mentioned DKNG had assembled earlier? Well, that money is being put to work & results are already coming in, which is exactly what DKNG intended to do with it.
Part III – Legalization of Sports Betting in the U.S. I could write a fucking bible on this topic alone, but for now we’ll stick to some basics. Due to COVID, it’s easy to understand that each State’s financial situation is clearly in shit. Because of this, you better believe that these guys are going to start taking a hard look at how they can extract additional tax revenues, & what’s one of the easiest ways to do this? Legalization & taxation of gambling.
The big players: CA, TX, FL & NY. First, CA pushing its legislation out to 2023 was fucked up, but here’s a twist I want to add to this: Anything that has to do with gambling in CA you better believe is lobbied against by not just the Tribal casino owners in CA, but by the deep pockets of Las Vegas money. Similar thing can be said for FL, but let’s take a look at some actions by LV/nationwide gambling companies that are starting to align financial incentives with guys like DKNG.
- MGM / GVC Holdings JV in BetMGM - $450m total invested
- PENN invests $163m into BS Sports
- Caesars has a 20% stake in William Hill plus partnership deals with The Stars Group (TSG) & our winner DKNG for operating its sports books
So it’s safe to say going forward, nationwide legalization of sports betting will reap rewards for everyone involved, & no longer be something LV money is completely focused on safeguarding.
Let’s also not forget that DKNG didn’t become the Company they are today because of their fancy app, but because their management team has a HISTORY of navigating the U.S.’s legal framework to get what they want out of it.
- The Crown Jewel – The Internet Gambling Prohibition & Enforcement Act: I said it in a previous post, but I want to emphasize that them getting Fantasy Sports to be labeled a ‘game of skill’ by FEDERAL Law as opposed to gambling is just something for the history books. Fucking genius shit. When this happened I bet every casino from LV to every Indian Tribe that has one was against it, yet DKNG & other DFS providers won.
- There’s more, but more recently: Getting into IL:
- In IL, there’s an 18-month ‘penalty box’ for Companies that offer DFS to offer sports betting. Our guys at DKNG created a workaround to this situation with their partnership with Casino Queen [9]. DKNG being savvy again.
These guys are at the cutting edge of creating legal frameworks to successfully launch their products & now with more of their ‘competitors’ financially aligned with them, combined with financial deterioration of State budgets, we should see an overweighting of good news vs. bad on the legal front.
Final Part – Share Price Targets Under-fucking priced at anything below $42.50 Near-term catalysts: 8/14: DKNG files 2Q’20 results, might be shitty, but you can bet that the Earnings Call is going to contain rhetoric on how massive the uptick in sports betting has been since late June/July.
Sometime from now until November: NY releases ‘study’ by Spectrum Gaming on online/mobile sports betting.
8/20 – 9/7: PGA Championship for FedEx Cup Title
9/5 – KY Derby
9/10: NFL KickOff Game
9/17: PGA U.S. Open Start Date
Month of October: NBA/NHL Playoffs
10/1: Estimated launch of online sports betting in TN
11/1: Estimated launch of online sports betting in VA
[1]
https://draftkings.gcs-web.com/news-releases/news-release-details/draftkings-announces-proposed-public-offering-class-common-stock [2] Wall St. Research – DKNG on 6/29/20
[3]
https://www.legalsportsreport.com/sports-betting/revenue/ [4]
https://gaming.nv.gov/modules/showdocument.aspx?documentid=16984; Note: Nevada did not break out April/May figures but from the Revenue difference of 3 month ended June 30 of 4,950 vs. month of June of 2,297 for a total difference of 2,653 spread evenly over April/May for a base case April estimate of 1,327.
[5] Wall St. Research - 7/27/20
[6]
https://www.similarweb.com/top-websites/category/sports/fantasy-sports/ [7]
https://www.similarweb.com/website/draftkings.com/#overview [8]
https://trends.google.com/trends/explore?geo=US&q=draft%20kings Feb 23-29, 2020 vs. Current Aug 2 – Aug 8, 2020
[9]
https://www.legalsportsreport.com/42314/draftkings-illinois-sports-betting-market-access/ submitted by 1. Introduction
This franchise has been struggling quite a bit since 2008, except for the 2017 season where they rode a stout defense all the way to the AFC Championship Game. During this 12-year time span, the Jaguars have compiled a 63-129 record, which equates to a mediocre 32.8% winning percentage.
What puzzling is the team does not seem to have a sound plan in place. From looking at their roster, there does not seem to be much hope for short-term, nor long-term success.
2. Offensive Position-by-Position Breakdown
2.1 Quarterbacks (QBs)
The million-dollar question is whether Gardner Minshew is a starting NFL-caliber quarterback or not.
Minshew clearly exceeded expectations that you would normally have for a rookie sixth-round pick. He threw 21 TD passes versus just six interceptions, while racking up 3,271 passing yards and 344 more yards on the ground. His 60.6% completion rate wasn’t great, though.
All in all, he showed nice flashes, but was inconsistent at times. He did develop a nice rapport with second-year receiver D.J. Chark.
You can tell that the organization is not 100% sold on him. There were strong rumors that the franchise had a lot of interest in Andy Dalton when the Bengals released him. However, he signed with the Cowboys.
The backup QB role will be settled through a battle in training camp between Joshua Dobbs and Jake Luton.
Dobbs was acquired via a trade with the Steelers after Nick Foles went down to an injury in the season opener. He was drafted in the 4th round of the 2017 draft out of Tennessee. He has attempted 12 passes in three years.
As for Luton, the Jags took him in the sixth round in this year’s draft. He played his college ball at Oregon State, where he mostly played the role of a game manager. He repeatedly completed short passes and he completed a very low percentage of his throws under pressure.
2.2 Running Backs (RBs)
Leonard Fournette was on the trading block, but the Jags weren’t able to find any suitors. His career got off to a fast start with 1,040 rushing yards, 302 receiving yards and 10 total TDs as a rookie in 2017.
However, things didn’t go too well for him as a sophomore. His 2018 season was shortened due to an injury and he averaged a dreadful 3.3 yards per rush.
Last year, he had season-highs in rushing yards (1,152), yards-per-rush average (4.3) and receptions (76). The only problem was that he reached the end zone on only three occasions. For the first time of his career, he stayed relatively healthy by playing 15 games.
Fournette does not seem like a good three-down back. He is probably best suited as a power back in a committee-approach in the backfield.
The number two runner last year was Ryquell Armstead. He was a rookie fifth-rounder who had received just 34 touches prior to the season finale. He filled in as the starting RB in Week #17, a game in which he rushed 10 times for 33 yards, while catching 5 passes for 52 yards. He finished the season with a mediocre 3.1 yards per carry average.
I really like how the team addressed the lack of depth at the position by signing free agent Chris Thompson, who played the first seven years of his pro career with the Reskins. I really liked him early in his career, as he showed great flashes and big-play ability both as a runner and as a receiver. He was a great change-of-pace back.
However, his production on the ground has dipped many years in a row. Take a look at his yards per carry average since 2015: 6.2, 5.2, 4.6, 4.1 and 3.7. At least his pass catching output has remained consistent, hauling in between 35 and 49 passes in each of those seasons.
In my own humble opinion, he’s an underrated player who has a chance to revive his career. He’s 29 years old, but he has plenty of gas left in the tank considering the relatively small number of career touches. He has a good burst and nice playing experience. He will be reuniting with OC Jay Gruden who was his head coach in Washington.
2.3 Wide Receivers (WRs)
D.J. Chark was the go-to guy in the passing game last year. He really blossomed in his second year after catching just 14 passes as a rookie. In 2019, he posted a nice 73-1008-8 receiving line. He is pretty fast for a 6’4’’ guy. He stumbled a little bit down the stretch, but he was slowed by an ankle injury.
Starting opposite Chark was Chris Conley. It’s unclear yet whether he can be a good No. 2 WR, but he had a good first season in Jacksonville after spending four years with the Chiefs. He set career marks in receptions (47), receiving yards (775) and 5 TD catches. His 16.5 yards per catch average was very solid.
Conley is likely to fight with rookie Laviska Shenault for some playing time. Shenault was used in a variety of fashions with the Buffalos. Head coach Doug Marrone said he might also use him in the backfield or as the F tight end. Shenault has been plagued with injuries, so we’ll see how the team uses him if he can stay on the field.
The starting slot receiver, Dede Westbrook, underwhelmed a little bit last year. His receiving yards and TDs regressed. His 10.0 yards per catch average was fairly disappointing as well. He is still a decent weapon, though.
Keelan Cole’s time in the NFL could very well be running out. He burst onto the scene as a rookie undrafted free agent in 2017 with 42 catches for 748 yards and 3 TDs. Things have gone in a downward spiral since then. He reeled in just 24 grabs last year and finds himself on the outside looking in, especially after the team drafted Shenault.
2.4 Tight Ends (TEs)
James O’Shaughnessy led all Jags tight ends with 14 receptions, despite playing just five games. It seems fair to affirm the position underperformed in 2019.
If you project O’Shaughnessy’s numbers into a full 16-game season, you would obtain a 45-490-6.4 receiving line, which isn’t bad. He was on pace for his best season before tearing his ACL. Can he really become a starting TE in this league, considering he has never caught more than 24 passes in any of his first five years?
The most likely starter is Tyler Eifert, who signed a two-year contract with Jacksonville after a seven-year career that has been marred with injuries in Cincinnati. He showed great flashes, especially in 2015 where he scored 13 TDs on 52 grabs. In the following three years, he has played 14 games and he has missed 34 of them. Unreal!
For the very first time of his career, he played all 16 bouts last year. His workload was reduced, though. He is a big question mark that could either be a boom or a bust in 2020.
Seth DeValve and Nick O’Leary both left via free agency, but they didn’t play a big role last year anyway.
How does second-year man Josh Olivier fit in? He was taken early in the 3rd round of the 2019 draft out of San Jose State. He only caught three passes in four games and struggled to make his mark in limited time.
2.5 Offensive Line (OL)
Brandon Linder is a much underrated center in this league. He does not get much publicity playing in a small market like Jacksonville, but he has done a phenomenal job at the pivot for six consecutive years for the Jags. Last year’s 75.3 PFF grade was his worst of the past four seasons, and yet he graded as the fifth-best center in the league!
Minshew’s blindside protector is Cam Robinson. That’s not necessarily good news for the signal caller. Robinson has been among the most terrible tackles in the NFL since he was drafted in the second round of the 2017 draft.
At the other end of the offensive line, at right tackle, the starter is Jawaan Taylor. He enjoyed a respectable rookie season by finishing 50th out of 81 tackles last year. He slid out of the first round and was a good value pick for the Jaguars during the 2019 draft.
Left guard Andrew Norwell came out of nowhere and played great in four seasons with the Panthers as an undrafted free agent out of Ohio State. Indeed, his PFF marks during this time frame lied between 73.6 and 81.1, which is well above average. He then signed a hefty contract with the Jags, and his PFF grades dropped to 69.3 in 2018 and 65.5 last year. His pass blocking is very efficient, but he has more trouble opening holes for the running game.
Right guard A.J. Cann is another guy whose career is going south. He showed promise in his first two seasons as a pro, but has regressed big time in the last three years. Last year, he graded out as the number 60 guard out of 81 qualifiers.
Will Richardson is ready to step in if an offensive lineman gets hurt. He missed his entire rookie season with a knee injury and was horrendous in spot duties last year.
2020 VS 2019 OFFENSE
The Jags scored the 26th most points in the league last year. Can we expect an improvement in the upcoming season?
The starters remain the same, except at tight end where the team upgraded with the acquisition of Tyler Eifert. Can the often-injured big fellow stay healthy for the second year in a row?
The team added depth with running back Chris Thompson and rookie WR Laviska Shenault. Both could provide a boost to a suspect offense. The whole receiving corps is pretty young and likely to improve.
The entire OL is back, which is good for continuity reasons. Some studies have shown that continuity is a key factor to an offensive line’s success. LT Cam Robinson and RG A.J. Cann are a source of concern, though.
An offense often goes as far as his quarterback takes them. In Jacksonville, that’s a big question mark.
Will Gardner Minshew grow in his second year? As a former sixth-round pick, that’s not a gimme. The depth at the position is worrisome as well after Nick Foles left for Chicago, leaving Joshua Dobbs and Jake Luton as the lone alternatives (unless GM Dave Caldwell signs a veteran before the season kicks off).
On paper, I would normally tag this group as a small upgrade over 2019. However, I find it difficult to project them to finish much higher than last year’s 26th rank. If Minshew goes down, things will get even uglier (again, unless the Jags add another QB).
Final call (2020 vs 2019): Stable
3. Defensive Position-by-Position Breakdown
3.1 Defensive Linemen (DLs)
Abry Jones played the most snaps on the interior of the line last year, and he wasn’t great. He graded out as the 82nd DL out of 114 qualifiers based on PFF rankings. He had a subpar season, receiving a 60.1 mark after getting over 70 in each of his previous three seasons. The undrafted alumni from the Georgia Bulldogs has spent his entire seven-year career with the Jags.
Taven Bryan was pretty solid against the run last year. The 2018 first-rounder has only picked up three sacks in his two years as a pro, but he’s an efficient run-plugger.
Marcell Dareus played just six games last year; he underwent core muscle surgery during the offseason. He has yet to sign with any team; Jacksonville GM Dave Caldwell is open to bringing him back if they can agree on a deal. Dareus posted 28.5 sacks in his first four seasons in the NFL compared to just nine over the last five years! He has always been a very good run-stopping force, but even this aspect of the game dipped last year. He would be playing his age-31 campaign.
The team signed former Cardinal Rodney Gunter to a three year deal. His PFF grades have been very consistent year-over-year; he regularly finishes in the middle of the pack among all interior defenders.
The Cards also acquired Al Woods via free agency. The 33-year-old is an above average player defending the run, but only has 4.5 sacks in 10 years. He is projected to be a rotational player in this defense.
Another guy who is likely to be a reserve player is rookie Davon Hamilton, who was taken early in the third round last April. He will be groomed for a starting defensive tackle job in 2021. He is extremely strong, but needs to improve his burst in order to become a disruptive force in the big league.
3.2 Defensive Ends (DEs) / Edge Rushers (ED)
Ouch. This group took a big hit during the offseason.
First, stud DE Calais Campbell was traded to Baltimore in return of a fifth-round pick (!!!). This was clearly a cap-clearing move since Campbell finished as the second-best edge defender in the whole league last year, based on the PFF rating system. He has averaged 8 sacks in the last 11 years, which is quite impressive. He is known for his pass rushing skills, but he was an awesome run defender. A big loss for the Jags.
Yannick Ngakoue has demanded a trade and has been fighting publicly via Twitter with co-owner Tony Khan. No deal has been done yet. It seems unlikely he will be in a Jaguars uniform again. Ngakoue is in his prime years and has recorded 37.5 sacks in four years as a pro. Another big blow to this defense.
Josh Allen’s rookie season was a success. He led the team with 10.5 sacks. He could improve against the running game and in coverage, though. Overall, he obtained the number 48 rank out of 107 edge defenders.
Things weren’t as pretty for Dawuane Smoot last year. Sure, he racked up six sacks, but he graded out as the worst edge defender in the NFL. One of the main reasons was his abysmal run defense performance.
With the 20th overall pick, the Jags selected K’Lavon Chaisson out of LSU. He’s a great pass rusher with elite burst. He still needs development due to his young age, but his raw talent is impressive. A good get for Jacksonville.
The team also acquired Cassius Marsh, formerly of the Cardinals. Don’t hold your breath hoping he’ll be a star. This is his fifth team in seven years and he has never received very good PFF grades in his career.
3.3 Linebackers (LBs)
The Jaguars had a putrid linebacking corps last year, and it does not bode very well for 2020 either.
Sure, they signed Joe Schobert away from Cleveland, who has stuffed the score sheet with at last 100 tackles in each of the past three years. He also plays all downs, but his run defense is suspect. He grades out as an average LB in the NFL.
Myles Jack’s career is not going in the right direction. His PFF grades have deteriorated in each of the past three seasons, going from 79.2 in 2017, down to 68.1 in 2018 before plummeting to 46.1 last year. Following the signing of Schobert, he will slide to outside linebacker, a move that he is excited about. The young former second-rounder is primed for a bounce back year.
Quincy Williams had an awful rookie season. The 2019 third-round pick was amongt the worst LBs in the league. So was his teammate Donald Payne. 31-year-old Najee Goode isn’t a viable solution either.
Jacksonville claimed Preston Brown off waivers late last year after getting depleted by injuries at the position. He has not been good in any of his six years in the NFL, so why would it change in 2020?
Perhaps Leon Jacobs can provide adequate play? He was taken in the 7th round of the 2018 draft, but he has surprised with strong play as a tackler in limited time. He played just 31% of the snaps last year, but we’ll see if the team gives him a heavier workload in 2020.
3.4 Cornerbacks (CBs)
Jacksonville made another cap-related trade by getting rid of their No. 1 corner, A.J. Bouye. He had a surprisingly bad 2019 season and he will be looking to rejuvenate his career in Denver.
In order to compensate for the loss, the Jags took C.J. Henderson with the 8th overall pick in this year’s draft. He is at his best when shadowing the opposing team’s top receiver. He has outstanding athleticism, but his play took a step backward last year.
A potential starter opposite Henderson is newly acquired Rashaan Melvin, formerly of the Lions. He played every down in the 13 games he played last year. He is great against the run, but struggles in coverage. Overall, he is clearly a below average corner who is joining a 6th team in seven years.
Let’s not discard Tre Herndon too soon. He played 86% of the snaps last year and picked off three passes last year. He received equally poor PFF grades as Melvin, though.
D.J. Hayden is the favorite to land starting slot corner duties. After five very ordinary seasons in Oakland and Detroit, he has elevated his game a lot since suiting up with the Jaguars. PFF rated him the 11th-best CB in the league last year, his second straight solid season.
Fourth-round rookie Josiah Scott might push Hayden for the slot man job, but he is unlikely to supplant him at the moment. He could become the starter next year if Hayden leaves via free agency.
3.5 Safeties (S)
This is the lone position on defense where no changes were made during the offseason. Finally some stability!
Jarrod Wilson was undrafted coming out of Michigan. His snap count increased big time last year; after playing 30 snaps in 2016, 89 snaps in 2017 and 222 snaps in 2018, he saw the field on over 1,000 snaps last season. He responded very well by grading out as the number 25 safety out of 87 players. A very nice story. He has done a nice job in coverage throughout his career.
The other starting safety is Ronnie Harrison. The 2018 third-round pick out of Alabama received a 61.1 PFF grade as a rookie before receiving a 60.9 mark last year. That put him as the 67th-best safety. There is not much hope he will develop into an upper tier safety in this league.
Harrison missed two games due to injuries; in those contests, Andrew Wingard stepped in to replace him, but he wasn’t very effective. The undrafted prospect out of Wyoming is more of a reserve player.
2020 VS 2019 DEFENSE
The linebacking corps received an upgrade after signing Joe Schobert; he will become the team’s MLB right away. The interior of the line was slightly improved by adding Al Woods and Rodney Gunter, while losing Marcell Dareus who only played six games last year anyway.
The defense suffered a big hit with the departures of three star players: Calais Campbell, A.J. Bouye and most likely Yannick Ngakoue (although his situation is still up in the air). Drafting K’Lavon Chaisson and C.J. Henderson was smart, but you cannot ask them to fill such big shoes in their rookie season.
At safety, Ronnie Harrison is a perennial below average player, while Jarrod Wilson did a very fine job last year. He’s an unproven guy and I’m worried he might regress significantly this season.
For these reasons, I expect a moderate downgrade for the Jaguars defense in 2020.
Final call (2020 vs 2019): Moderate downgrade
4. Regular Season Wins
According to sportsbooks, the Jacksonville Jaguars are expected to win 5 games this season. Should we bet the “over” or the “under”?
I'll answer this question via two different methods.
4.1 Professor MJ's Prediction
I won't go into the mathematical details, but here is a summary of my own personal pick (based on my analysis above and my estimated spreads for the Jags' 16 games):
| Estimated Probability | Sportsbook | Odds | ROI |
| OVER 5 WINS | 35% | Pinnacle | +154 | -11.2% |
| UNDER 5 WINS | 65% | 10Bet | -115 | +21.6% |
Tip: Bet UNDER 5 wins
4.2 Based on BetOnline's Point Spreads
Here is the methodology I used here:
- Use BetOnline.ag’s point spreads on all 256 regular season games.
- Convert those point spreads into win probabilities.
- Simulate each of the 256 games, according to those win probabilities, via the R statistical software.
- Repeat the previous step one million times (you get 1M simulated seasons).
- Count the proportion of seasons where the Jaguars won more or less than 5 games.
Here are the results:
| Estimated Probability | Sportsbook | Odds | ROI |
| OVER 5 WINS | 38.4% | Pinnacle | +154 | -2.5% |
| UNDER 5 WINS | 61.6% | 10Bet | -115 | +15.2% |
Tip: Bet UNDER 5 wins (18th-highest ROI out of 32 teams)
For your information, here are BetOnline’s point spreads for the Jags’ 16 regular season games:
HOME: -1 vs CHI, -1 vs CLE, +1.5 vs DET, +3 vs HOU, +6.5 vs IND, 0 vs MIA, +6 vs PIT, +3.5 vs TEN.
ROAD: +16.5 @ BAL, +3.5 @ CIN, +11.5 @ GB, +9 @ HOU, +10.5 @ IND, +7 @ LAC, +11.5 @ MIN, +11 @ TEN.
Note: The “Best odds” from the table above were obtained after looking at 13 well-known online sportsbooks on May 18th, 2020.
Thanks for reading my 32 NFL team previews!
Professor MJ submitted by TL;DR: Man with too much time on his hands goes deep down the rabbit hole on a concept this sub already didn’t seem that enthusiastic about. If you really want to skip ahead, CTRL+F “verdict” and it’ll get you there. Two days ago,
u/MrPhillyj2wns made a post
asking whether USL should launch a D1 league in order to compete in Concacaf. From the top voted replies, it appears this made a lot of people very angry and has been widely regarded as a bad move.
But I’ve been at home for eight weeks and I am terribly, terribly bored.
So, I present to you this overview of what the USL pyramid might look like if Jake Edwards got a head of steam and attempted to establish a USSF-sanctioned first division.
This is by no means an endorsement of such a proposal or even a suggestion that USL SHOULD do such a thing. It is merely an examination of whether they COULD. Welcome to the
Thunderdome USL Premiership
First, there are some base-level assumptions we must make in this exercise, because it makes me feel more scientific and not like a guy who wrote this on Sunday while watching the Belarusian Premier League (Go BATE Borisov!).
- All D1 teams must comply with known USSF requirements for D1 leagues (more on that later).
- MLS, not liking this move, will immediately remove all directly-owned affiliate clubs from the USL structure (this does not include hybrid ownerships, like San Antonio FC – NYCFC). This removes all MLS2 teams but will not affect Colorado Springs, Reno, RGVFC and San Antonio.
- The USL will attempt to maintain both the USL Championship and USL League One, with an eventual mind toward creating the pro/rel paradise that is promised in Relegations 3:16.
- All of my research regarding facility size and ownership net worth is correct – this is probably the biggest leap of faith we have to make, since googling “NAME net worth” and “CITY richest people” doesn’t seem guaranteed to return accurate results.
- The most a club can increase its available seating capacity to meet D1 requirements in a current stadium is no more than 1,500 seats (10% of the required 15,000). If they need to add more, they’ll need a new facility.
- Let’s pretend that people are VERY willing to sell. It’s commonly acknowledged that the USL is a more financially feasible route to owning a soccer club than in MLS (c.f. MLS-Charlotte’s reported $325 million expansion fee) and the USSF has some very strict requirements for D1 sanctioning. It becomes pretty apparent when googling a lot of team’s owners that this requirement isn’t met, so let’s assume everyone that can’t sells to people who meet the requirements.
(Known) USSF D1 league requirements: - League must have 12 teams to apply and 14 teams by year three
- Majority owner must have a net worth of $40 million, and the ownership group must have a total net worth of $70 million. The value of an owned stadium is not considered when calculating this value.
- Must have teams located in the Eastern, Central and Pacific time zones
- 75% of league’s teams must be based in markets with at a metro population of at least 1 million people.
- All league stadiums must have a capacity of at least 15,000
The ideal club candidate for the USL Premiership will meet the population and capacity requirements in its current ground, which will have a grass playing surface. Of the USL Championship’s 27 independent/hybrid affiliate clubs, I did not find one club that meets all these criteria as they currently stand.
Regarding turf fields, the USSF does not have a formal policy regarding the ideal playing surface but it is generally acknowledged that grass is superior to turf. 6 of 26 MLS stadiums utilize turf, or roughly 23% of stadiums. We’ll hold a similar restriction for our top flight, so 2-3 of our top flight clubs can have turf fields. Seem fair?
Capacity is going to be the biggest issue, since the disparity between current requirements for the second-tier (5,000) and the first tier (15,000) is a pretty massive gap. Nice club you have there, triple your capacity and you’re onto something. As a result, I have taken the liberty of relocating certain (read: nearly all) clubs to new grounds, trying my utmost to keep those clubs in their current markets and –importantly--, ensure they play on grass surfaces.
So, let’s do a case-by-case evaluation and see if we can put together 12-14 teams that meet the potential requirements, because what else do you have to do?
For each club’s breakdown, anything that represents a chance from what is currently true will be underlined.
Candidate: Birmingham Legion FC Location (Metro population): Birmingham, Ala. (1,151,801)
Time zone: Central
Stadium (playing surface, capacity): Legion Field (FieldTurf, 71,594)
Potential owner: Stephens Family (reported net worth $4 billion)
Notes: Birmingham has a pretty strong candidacy. Having ditched the 5,000-seater BBVA Field for Legion Field, which sits 2.4 miles away, they’ve tapped into the city’s soccer history. Legion Field hosted portions of both the men’s and women’s tournaments at the 1996 Olympics, including a 3-1 U.S. loss to Argentina that saw 83,183 pack the house. The Harbert family seemed like strong ownership contenders, but since the death of matriarch Marguerite Harbert in 2015, it’s unclear where the wealth in the family is concentrated, so the Stephens seem like a better candidate. The only real knock that I can think of is that we really want to avoid having clubs play on turf, so I’d say they’re on the bubble of our platonic ideal USL Prem.
Candidate: Charleston Battery Location (Metro population): Charleston, S.C. (713,000)
Time zone: Eastern
Stadium (playing surface, capacity): Johnson Hagood Stadium (Grass, ~14,700)
Potential owner: Anita Zucker (reported net worth $3 billion)
Notes: Charleston’s candidacy isn’t looking great. Already disadvantaged due to its undersized metro population, a move across the Cooper River to Johnson Hagood Stadium is cutting it close in terms of capacity. The stadium, home to The Citadel’s football team, used to seat 21,000, before 9,300 seats on the eastern grandstand were torn down in 2017 to deal with lead paint that had been used in their construction. Renovation plans include adding 3,000 seats back in, which could hit 15,000 if they bumped it to 3,300, but throw in a required sale by HCFC, LLC (led by content-creation platform founder Rob Salvatore) to chemical magnate Anita Zucker, and you’ll see there’s a lot of ifs and ands in this proposal.
Candidate: Charlotte Independence Location (Metro population): Charlotte, N.C. (2,569, 213)
Time zone: Eastern
Stadium (playing surface, capacity): Jerry Richardson Stadium (Turf, 15,314)
Potential owner: James Goodnight (reported net worth $9.1 billion)
Notes: Charlotte ticks a lot of the boxes. A move from the Sportsplex at Matthews to UNC-Charlotte’s Jerry Richardson stadium meets capacity requirements, but puts them on to the dreaded turf. Regrettably, nearby American Legion Memorial Stadium only seats 10,500, despite a grass playing surface. With a sizeable metro population (sixth-largest in the USL Championship) and a possible owner in software billionaire James Goodnight, you’ve got some options here. The biggest problem likely lies in direct competition for market share against a much better-funded MLS Charlotte side due to join the league in 2021.
Candidate: Hartford Athletic Location (Metro population): Hartford, Conn. (1,214,295)
Time zone: Eastern
Stadium (playing surface, capacity): Pratt & Whitney Stadium (Grass, 38,066)
Potential owner: Ray Dalio (reported net worth $18.4 billion)
Notes: Okay, I cheated a bit here, having to relocate Hartford to Pratt & Whitney Stadium, which is technically in East Hartford, Conn. I don’t know enough about the area to know if there’s some kind of massive beef between the two cities, but the club has history there, having played seven games in 2019 while Dillon Stadium underwent renovations. If the group of local businessmen that currently own the club manage to attract Dalio to the table, we’re on to something.
Candidate: Indy Eleven Location (Metro population): Indianapolis, Ind. (2,048,703)
Time zone: Eastern
Stadium (playing surface, capacity): Lucas Oil Stadium (Turf, 62,421)
Potential owner: Jim Irsay (reported net worth of $3 billion)
Notes: Indy Eleven are a club that are SO CLOSE to being an ideal candidate – if it weren’t for Lucas Oil Stadium’s turf playing surface. Still, there’s a lot to like in this bid. I’m not going to lie, I have no idea what current owner and founder Ersal Ozdemir is worth,
but it seems like there might be cause for concern. A sale to Irsay, who also owns the NFL Indianapolis (nee Baltimore) Colts, seems likely to keep the franchise there, rather than make a half-mile move to 14,230 capacity Victory Field where the AAA Indianapolis Indians play and expand from there.
Candidate: Louisville City FC Location (Metro population): Louisville, Ky. (1,297,310)
Time zone: Eastern
Stadium (playing surface, capacity): Lynn Family Stadium (Grass, 14,000, possibly expandable to 20,000)
Potential owner: Wayne Hughes (reported net worth $2.8 billion)
Notes: I’m stretching things a bit here. Lynn Family stadium is currently listed as having 11,700 capacity that’s expandable to 14,000, but they’ve said that the ground could hold as many as 20,000 with additional construction, which might be enough to grant them a temporary waiver from USSF. If the stadium is a no-go, then there’s always Cardinal Stadium, home to the University of Louisville’s football team, which seats 65,000 but is turf. Either way, it seems like a sale to someone like Public Storage founder Wayne Hughes will be necessary to ensure the club has enough capital.
Candidate: Memphis 901 FC Location (Metro population): Memphis, Tenn. (1,348,260)
Time zone: Central
Stadium (playing surface, capacity): Liberty Bowl Stadium (Turf, 58,325)
Potential owner: Fred Smith (reported net worth $3 billion)
Notes: Unfortunately for Memphis, AutoZone Park’s 10,000 seats won’t cut it at the D1 level. With its urban location, it would likely prove tough to renovate, as well. Liberty Bowl Stadium more than meets the need, but will involve the use of the dreaded turf. As far as an owner goes, FedEx founder Fred Smith seems like a good local option.
Candidate: Miami FC, “The” Location (Metro population): Miami, Fla. (6,158,824)
Time zone: Eastern
Stadium (playing surface, capacity): Riccardo Silva Stadium (FieldTurf, 20,000)
Potential owner: Riccardo Silva (reported net worth $1 billion)
Notes: Well, well, well, Silva might get his wish for top-flight soccer, after all. He’s got the money, he’s got the metro, and his ground has the capacity. There is the nagging issue of the turf, though. Hard Rock Stadium might present a solution, including a capacity of 64,767 and a grass playing surface. It is worth noting, however, that this is the first profile where I didn’t have to find a new potential owner for a club.
Candidate: North Carolina FC Location (Metro population): Durham, N.C. (1,214,516 in The Triangle)
Time zone: Eastern
Stadium (playing surface, capacity): Carter-Finley Stadium (Grass/Turf, 57,583)
Potential owner: Steve Malik (precise net worth unknown) / Dennis Gillings (reported net worth of $1.7 billion)
Notes: We have our first “relocation” in North Carolina FC, who were forced to trade Cary’s 10,000-seat WakeMed Soccer Park for Carter-Finley Stadium in Durham, home of the NC State Wolfpack and 57,583 of their closest friends. The move is a whopping 3.1 miles, thanks to the close-knit hub that exists between Cary, Durham and Raleigh. Carter-Finley might be my favorite of the stadium moves in this exercise. The field is grass, but the sidelines are artificial turf. Weird, right? Either way, it was good enough for Juventus to play a friendly against Chivas de Guadalajara there in 2011. Maybe the move would be pushed for by new owner and medical magnate Dennis Gillings, whose British roots might inspire him to get involved in the Beautiful Game. Straight up, though, I couldn’t find a net worth for current owner Steve Malik, though he did sell his company MedFusion for $91 million in 2010, then bought it back for an undisclosed amount and sold it again for $43 million last November. I don’t know if Malik has the juice to meet D1 requirements, but I suspect he’s close.
Candidate: Pittsburgh Riverhounds SC Location (Metro population): Pittsburgh, Penn. (2,362,453)
Time zone: Eastern
Stadium (playing surface, capacity): Heinz Field (Grass, 64,450)
Potential owner: Henry Hillman (reported net worth $2.5 billion)
Notes: I don’t know a ton about the Riverhounds, but this move in particular feels like depriving a pretty blue-collar club from its roots. Highmark Stadium is a no-go from a seating perspective, but the Steelers’ home stadium at Heinz Field would more than meet the requirements and have a grass surface that was large enough to be sanctioned for a FIFA friendly between the U.S. WNT and Costa Rica in 2015. As for an owner, Tuffy Shallenberger (first ballot owner name HOF) doesn’t seem to fit the USSF bill, but legendary Pittsburgh industrialist Henry Hillman might. I’m sure you’re asking, why not the Rooney Family, if they’ll play at Heinz Field? I’ll tell you: I honestly can’t seem to pin down a value for the family. The Steelers are valued at a little over a billion and rumors persist that Dan Rooney is worth $500 million, but I’m not sure. I guess the Rooneys would work too, but it’s a definite departure from an owner in Shallenberger who was described by one journalist as a guy who “wears boots, jeans, a sweater and a trucker hat.”
Candidate: Saint Louis FC Location (Metro population): St. Louis, Mo. (2,807,338)
Time zone: Central
Stadium (playing surface, capacity): Busch Stadium (Grass, 45,494)
Potential owner: William DeWitt Jr. (reported net worth $4 billion)
Notes: Saint Louis has some weirdness in making the jump to D1. Current CEO Jim Kavanaugh is an owner of the MLS side that will begin play in 2022. The club’s current ground at West Community Stadium isn’t big enough, but perhaps a timely sale to Cardinals owner William DeWitt Jr. could see the club playing games at Busch Stadium, which has a well established history of hosting other sports like hockey, college football and soccer (most recently a U.S. WNT friendly against New Zealand in 2019). The competition with another MLS franchise wouldn’t be ideal, like Charlotte, but with a big enough population and cross marketing from the Cardinals, maybe there’s a winner here.
Wacko idea: If Busch doesn’t pan out, send them to The Dome. Sure, it’s a 60k turf closed-in stadium, but we can go for that retro NASL feel and pay homage to our nation’s soccer history.
Candidate: Tampa Bay Rowdies Location (Metro population): Tampa, Fla. (3,068,511)
Time zone: Eastern
Stadium (playing surface, capacity): Raymond James Stadium (Grass, 65,518)
Potential owner: Edward DeBartolo Jr. (reported net worth $3 billion)
Notes: This one makes me sad. Despite having never been there, I see Al Lang Stadium as an iconic part of the Rowdies experience. Current owner Bill Edwards proposed an expansion to 18,000 seats in 2016, but the move seems to have stalled out. Frustrated with the city’s lack of action, Edwards sells to one-time San Francisco 49ers owner Edward DeBartolo Jr., who uses his old NFL connections to secure a cushy lease at the home of the Buccaneers in Ray Jay, the site of a 3-1 thrashing of Antigua and Barbuda during the United States’ 2014 World Cup Qualifying campaign.
Breather. Hey, we finished the Eastern Conference teams. Why are you still reading this? Why am I still writing it? Time is a meaningless construct in 2020 my friends, we are adrift in the void, fueled only by brief flashes of what once was and what may yet still be. Candidate: Austin Bold FC Location (Metro population): Austin, Texas (2,168,316)
Time zone: Central
Stadium (playing surface, capacity): Darrel K Royal – Texas Memorial Stadium (FieldTurf, 95,594)
Potential owner: Michael Dell (reported net worth of $32.3 billion)
Notes: Anthony Precourt’s Austin FC has some unexpected competition and it comes in the form of tech magnate Michael Dell. Dell, were he to buy the club, would be one of the richest owners on our list and could flash his cash in the new first division. Would he have enough to convince Darrel K Royal – Texas Memorial Stadium (I’m not kidding, that’s its actual name) to go back to a grass surface, like it did from ’96-’08? That’s between Dell and nearly 100,000 UT football fans, but everything can be had for the right price.
Candidate: Colorado Springs Switchbacks FC Location (Metro population): Colorado Springs, Colo. (738,939)
Time zone: Mountain
Stadium (playing surface, capacity): Falcon Stadium (FieldTurf, 46,692)
Potential owner: Charles Ergen (reported net worth $10.8 billion)
Notes: Welcome to Colorado Springs. We have hurdles. For the first time in 12 candidates, we’re back below the desired 1 million metro population mark. Colorado Springs actually plans to build a $35 million, 8,000 seat venue downtown that will be perfect for soccer, but in our timeline that’s 7,000 seats short. Enter Falcon Stadium, home of the Air Force Academy Falcons football team. Seems perfect except for the turf, right? Well, the tricky thing is that Falcon Stadium is technically on an active military base and is (I believe) government property. Challenges to getting in and out of the ground aside, the military tends to have a pretty grim view of government property being used by for-profit enterprises. Maybe Charles Ergen, founder and chairman of Dish Network, would be able to grease the right wheels, but you can go ahead and throw this into the “doubtful” category. It’s a shame, too. 6,035 feet of elevation is one hell of a home-field advantage.
Candidate: El Paso Locomotive FC Location: El Paso, Texas
Time zone: Mountain
Stadium (playing surface, capacity): Sun Bowl (FieldTurf, 51,500)
Potential owner: Paul Foster (reported net worth $1.7 billion)
Notes: God bless Texas. When compiling this list, I found so many of the theoretical stadium replacements were nearly serviceable by high school football fields. That’s insane, right? Anyway, Locomotive don’t have to settle for one of those, they’ve got the Sun Bowl, which had its capacity reduced in 2001 to a paltry 51,500 (from 52,000) specifically to accommodate soccer. Sure, it’s a turf surface, but what does new owner Paul Foster (who is only the 1,477th wealthiest man in the world, per Forbes) care, he’s got a team in a top league.
Side note: Did you know that the Sun Bowl college football game is officially, through sponsorship, the Tony the Tiger Sun Bowl? Why is it not the Frosted Flakes Sun Bowl? Why is the cereal mascot the promotional name of the football game? What are you doing, Kellogg’s?
Candidate: Las Vegas Lights FC Location: Las Vegas, Nev. (2,227,053)
Time zone: Pacific
Stadium (playing surface, capacity): Allegiant Stadium (Grass, 61,000)
Potential owner: Sheldon Adelson (reported net worth $37.7 billion)
Notes: Sin City. You had to know that the club that once signed Freddy Adu because “why not” was going to go all out in our flashy hypothetical proposal. Thanks to my narrative control of this whole thing, they have. Adelson is the second-richest owner in the league and has decided to do everything first class. That includes using the new Raiders stadium in nearby unincorporated Paradise, Nevada, and spending boatloads on high profile transfers. Zlatan is coming back to the U.S., confirmed.
Candidate: New Mexico United Location: Albuquerque, N.M.
Time zone: Mountain
Stadium (playing surface, capacity): Isotopes Park – officially Rio Grande Credit Union Field at Isotopes Park (Grass, 13,500 – 15,000 with expansion)
Potential owner: Maloof Family (reported net worth $1 billion)
Notes: New Mexico from its inception went deep on the community vibe, and I’ve tried to replicate that in this bid. The home field of Rio Grande Cr---I’m not typing out the whole thing—Isotopes Park falls just within the expansion rules we set to make it to 15,000 (weird, right?) and they’ve found a great local ownership group in the Lebanese-American Maloof (formerly Maalouf) family from Las Vegas. The only thing to worry about would be the metro population, but overall, this could be one of the gems of USL Prem.
Candidate: Oklahoma City Energy FC Location: Oklahoma City, Okla. (1,396,445)
Time zone: Central
Stadium (playing surface, capacity): Chickasaw Bricktown Ballpark (Grass, 13,066)
Potential owner: Harold Hamm (reported net worth $14.2 billion)
Notes: There’s a bright golden haze on the meadow and it says it’s time to change stadiums and owners to make it to D1. A sale to oil magnate Harold Hamm would give the club the finances it needs, but Chickasaw Bricktown Ballpark (home of the OKC Dodgers) actually falls outside of the boundary of what would meet capacity if 1,500 seats were added. Could the club pull off a move to Gaylord Family Oklahoma Memorial Stadium in Norman, Oklahoma – home of the Oklahoma Sooners? Maybe, but at 20 miles, this would be a reach.
Candidate: Orange County SC Location: Irvine, Calif. (3,176, 000 in Orange County)
Time zone: Pacific
Stadium (playing surface, capacity): Angels Stadium of Anaheim (Grass, 43,250)
Potential owner: Arte Moreno (reported net worth $3.3 billion)
Notes: You’ll never convince me that Rangers didn’t choose to partner with Orange County based primarily on its name. Either way, a sale to MLB Angels owner Arte Moreno produces a fruitful partnership, with the owner choosing to play his newest club out of the existing Angels stadium in OC. Another baseball conversion, sure, but with a metro population of over 3 million and the closest thing this hypothetical league has to an LA market, who’s complaining?
Candidate: Phoenix Rising FC Location: Phoenix, Ariz. (4,857,962)
Time zone: Arizona
Stadium (playing surface, capacity): State Farm Stadium (Grass, 63,400)
Potential owner: Ernest Garcia II (reported net worth $5.7 billion)
Notes: We’re keeping it local with new owner and used car guru Ernest Garcia II. His dad owned a liquor store and he dropped out of college, which is making me feel amazing about my life choices right now. Casino Arizona Field is great, but State Farm Stadium is a grass surface that hosted the 2019 Gold Cup semifinal, so it’s a clear winner. Throw in Phoenix’s massive metro population and this one looks like a lock.
Candidate: Reno 1868 FC Location: Reno, Nev. (425,417)
Time zone: Pacific
Stadium (playing surface, capacity): Mackay Stadium (FieldTurf, 30,000)
Potential owner: Nancy Walton Laurie (reported net worth $7.1 billion)
Notes: The Biggest Little City on Earth has some serious barriers to overcome, thanks to its low metro population. A sale to Walmart heiress Nancy Walton Laurie and 1.6 mile-move to Mackay Stadium to split space with the University of Nevada, Reno makes this bid competitive, but the turf surface is another knock against it.
Candidate: Rio Grande Valley FC Location: Edinburg, Texas (900,304)
Time zone: Central
Stadium (playing surface, capacity): McAllen Memorial Stadium (FieldTurf, 13,500 – 15,000 with expansion)
Potential owner: Alice Louise Walton (reported net worth $45 billion)
Notes: Yes, I have a second straight Walmart heiress on the list. She was the first thing that popped up when I googled “McAllen Texas richest people.” The family rivalry has spurred Walton to buy a club as well, moving them 10 miles to McAllen Memorial Stadium which, as I alluded to earlier, is a straight up high school football stadium with a full color scoreboard. Toss in an additional 1,500 seats and you’ve met the minimum, despite the turf playing surface.
Candidate: San Antonio FC Location: San Antonio, Texas (2,550,960)
Time zone: Central
Stadium (playing surface, capacity): Alamodome (FieldTurf, 64,000)
Potential owner: Red McCombs (reported net worth $1.6 billion)
Notes: I wanted to keep SAFC in the Spurs family, since the franchise is valued at $1.8 billion. That said, I didn’t let the Rooneys own the Riverhounds based on the Steelers’ value and it felt wrong to change the rules, so bring on Clear Channel co-founder Red McCombs. Toyota Field isn’t viable in the first division, but for the Alamodome, which was built in 1993 in hopes of attracting an NFL franchise (and never did), San Antonio can finally claim having *a* national football league team in its town (contingent on your definition of football). Now if only we could do something about that turf…
Candidate: San Diego Loyal SC Location: San Diego, Calif. (3,317,749)
Time zone: Pacific
Stadium (playing surface, capacity): SDCCU Stadium (formerly Qualcomm) (Grass, 70,561)
Potential owner: Phil Mickelson (reported net worth $91 million)
Notes: Yes, golf’s Phil Mickelson. The existing ownership group didn’t seem to have the wherewithal to meet requirements, and Phil seemed to slot right in. As an athlete himself, he might be interesting in the new challenges of a top flight soccer team. Toss in a move to the former home of the chargers and you might have a basis for tremendous community support.
Candidate: FC Tulsa Location: Tulsa, Okla. (991,561)
Time zone: Central
Stadium (playing surface, capacity): Skelly Field at H.A. Chapman Stadium (FieldTurf, 30,000)
Potential owner: George Kaiser ($10 billion)
Notes: I’m a fan of FC Tulsa’s rebrand, but if they want to make the first division, more changes are necessary. A sale to Tulsa native and one of the 100 richest men in the world George Kaiser means that funding is guaranteed. A move to Chapman Stadium would provide the necessary seats, despite the turf field. While the undersize population might be an issue at first glance, it’s hard to imagine U.S. Soccer not granting a waiver over a less than a 10k miss from the mark.
And that’s it! You made it. Those are all of the independent/hybrid affiliates in the USL Championship, which means that it’s time for our…
VERDICT: As an expert who has studied this issue for almost an entire day now, I am prepared to pronounce which USL Championships could be most ‘ready” for a jump to the USL Prem. A reminder that of the 27 clubs surveyed, 0 of them met our ideal criteria (proper ownership $, metro population, 15,000+ stadium with grass field).
Two of them, however, met almost all of those criteria: Indy Eleven and Miami FC. Those two clubs may use up two of our three available turf fields right from the outset, but the other factors they hit (particularly Silva’s ownership of Miami) makes them difficult, if not impossible to ignore for the top flight.
But who fill in the rest of the slots? Meet the entire 14-team USL Premier League:
Hartford Athletic Indy Eleven Louisville City FC Miami FC North Carolina FC Pittsburgh Riverhounds SC Tampa Bay Rowdies Saint Louis FC San Antonio FC New Mexico United Phoenix Rising FC Las Vegas Lights FC Orange County SC San Diego Loyal SC Now, I shall provide my expert rationale for each club’s inclusion/exclusion, which can be roughly broken down into four categories.
Firm “yes” Hartford Athletic: It’s a good market size with a solid stadium. With a decent investor and good community support, you’ve got potential here.
Indy Eleven: The turf at Lucas Oil Stadium is no reason to turn down a 62,421 venue and a metro population of over 2 million.
Louisville City FC: Why doesn’t the 2017 & 2018 USL Cup champion deserve a crack at the top flight? They have the market size, and with a bit of expansion have the stadium at their own SSS. LCFC, you’re in.
Miami FC, “The”: Our other blue-chip recruit on the basis of ownership value, market size and stadium capacity. Yes, that field is turf, but how could you snub Silva’s chance to claim victory as the first division 1 club soccer team to play in Miami?
Pittsburgh Riverhounds SC: Pittsburgh sacrificed a lot to be here (according to my arbitrary calculations). Their market size and the potential boon of soccer at Heinz Field is an important inclusion to the league.
Saint Louis FC: Willie hears your “Busch League” jokes, Willie don’t care. A huge market size, combined with the absence of an NFL franchise creates opportunity. Competition with the MLS side, sure, but St. Louis has serious soccer history and we’re willing to bet it can support two clubs.
Tampa Bay Rowdies: With a huge population and a massive stadium waiting nearby, Tampa Bay seems like too good of an opportunity to pass up for the USL Prem.
Las Vegas Lights FC: Ostentatious, massive and well-financed, Las Vegas Lights FC is everything that the USL Premier League would need to assert that it didn’t intend to play second fiddle to MLS. Players will need to be kept on a short leash, but this is a hard market to pass up on.
Phoenix Rising FC: Huge population, big grass field available nearby and a solid history of success in recent years. No brainer.
San Diego Loyal SC: New club? Yes, massive population in a market that recently lost an absolutely huge sports presence? Also yes. This could be the USL Prem’s Seattle.
Cautious “yes” New Mexico United: You have to take a chance on New Mexico United. The club set the league on fire with its social media presence and its weight in the community when it entered the league last season. The market may be slightly under USSF’s desired 1 million, but fervent support (and the ability to continue to use Isotopes Park) shouldn’t be discounted.
North Carolina FC: Carter-Finley’s mixed grass/turf surface is a barrier, to be sure, but the 57,000+ seats it offers (and being enough to offset other fully-turf offerings) is enough to put it in the black.
Orange County SC: It’s a top-tier club playing in a MLB stadium. I know it seems
unlikely that USSF would approve something like that, but believe me when I say
“it could happen.” Orange County is a massive market and California likely needs two clubs in the top flight.
San Antonio FC: Our third and only voluntary inclusion to the turf fields in the first division, we’re counting on San Antonio’s size and massive potential stadium to see it through.
Cautious “no” Birmingham Legion FC: The town has solid soccer history and a huge potential venue, but the turf playing surface puts it on the outside looking in.
Memphis 901 FC: Like Birmingham, not much to dislike here outside of the turf playing surface at the larger playing venue.
Austin Bold FC: See the other two above.
FC Tulsa: Everything’s just a little bit off with this one. Market’s slightly too small, stadium has turf. Just not enough to put it over the top.
Firm “no” Charleston Battery: Small metro and a small potential new stadium? It’s tough to say yes to the risk.
Charlotte Independence: A small new stadium and the possibility of having to compete with an organization that just paid over $300 million to join MLS means it’s best for this club to remain in the USL Championship.
Colorado Springs Switchbacks FC: When a club’s best chance to meet a capacity requirement is to host games at a venue controlled by the military, that doesn’t speak well to a club’s chances.
El Paso Locomotive FC: An undersized market and a turf field that meets capacity requirements is the death knell for this one.
Oklahoma City Energy FC: Having to expand a baseball field to meet requirements is a bad start. Having to potentially play 20 miles away from your main market is even worse.
Reno 1868 FC: Population nearly a half-million short of the federation’s requirements AND a turf field at the hypothetical new stadium makes impossible to say yes to this bid.
Rio Grande Valley FC: All the seat expansions in the world can’t hide the fact that McAllen Memorial Stadium is a high school stadium through and through.
Here’s who’s left in the 11-team Championship:
Birmingham Legion FC Charleston Battery Charlotte Independence Memphis 901 FC Austin Bold FC Colorado Springs Switchbacks FC El Paso Locomotive FC Oklahoma City Energy FC Reno 1868 FC Rio Grande Valley FC FC Tulsa With MLS folding the six affiliates it has in USL League One, the league is a little bit thin (especially considering USSF’s requirements for 8 teams for lower level leagues), but seems definitely able to expand up to the necessary numbers with Edwards’ allusions to five new additions this year:
Chattanooga Red Wolves SC Forward Madison FC Greenville Triumph SC Union Omaha Richmond Kickers South Georgia Tormenta FC Tucson Format of Assorted Leagues – This (like everything in this post) is pure conjecture on my part, but here are my thoughts on how these leagues might function in a first year while waiting for additional expansion.
USL Premier – We’ll steal from the 12-team Scottish Premiership. Each club plays the other 11 clubs 3 times, with either one or two home matches against each side. When each club has played 33 matches, the top six and bottom six separate, with every club playing an additional five matches (against each other team in its group). The top club wins the league. The bottom club is automatically relegated. The second-bottom club will enter a two-legged playoff against someone (see below) from the championship playoffs.
USL Championship -- 11 clubs is a challenge to schedule for. How about every club plays everyone else three times (either one or two home matches against each side)? Top four clubs make the playoffs, which are decided by two-legged playoffs. The winner automatically goes up. I need feedback on the second part – is it better to have the runner-up from the playoffs face the second-bottom club from the Premiership, or should the winner of the third-place match-up get the chance to face them to keep drama going in both playoff series? As for relegation, we can clearly only send down the last place club while the third division is so small.
USL League One – While the league is so small, it doesn’t seem reasonable to have the clubs play as many matches as the higher divisions. Each club could play the other six clubs four times – twice at home and twice away – for a very equitable 24-match regular season, which would help restrict costs and still provide a chance to determine a clear winner. Whoever finishes top of the table goes up.
And there you have it, a hypothetical look at how the USL could build a D1 league right now. All it would take is a new stadium for almost the entire league and new owners for all but one of the 27 clubs, who wouldn’t feel that their property would be massively devalued if they got relegated.
Well that’s our show. I’m curious to see what you think of all of this, especially anything that you think I may have overlooked (I’m sure there’s plenty). Anyway, I hope you’re all staying safe and well.
submitted by Since the start of the 2005 MLB season we’ve released an MLB Betting Against the Public article. The article breaks down how betting against the public (or fading the public) did in the previous season. We also discuss the optimal thresholds to fade the public in terms of betting percentages. History has shown a steady trend of +EV betting is available if you’re willing to bet against a home team on a winning streak. After 4 wins, the public seems to take note of the hot team and the over-betting begins. Run line and moneyline bets against the streaky club have shown a positive ROI in the neighborhood of 5 to 10 percent. Who is the public? Have you stopped by Cappers Picks today to use our Sports Betting Tips from the experts at Cappers Picks? Specifically tools for how to bet against the public. Public bettors make up the vast majority of the action. They are you and I; they are the fans, the writers and everyone else who is not privy to what goes on inside. Monitoring public betting data is a vital tool used by sharp bettors to find value within the sports betting marketplace. Spread A point spread allows bettors to wager on the margin of victory in an MLB game, but the spread is almost always set at -1.5 for the favorite and +1.5 for the underdog due to baseball’s low-scoring nature. Betting against the public, also known as fading the public, is one of most popular and simplest Sportsbetting strategies used by modern day bettors, especially in American Football (NCAAF and NFL) and MLB games. The grand idea behind this strategy is that the public is often wrong than right, so betting against the side that the public is supporting should Read More
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