The team is now worth $2.5 billion, . Other business school friends included Tagg Romney (son of Sen. Mitt Romney) and Matt Eyring (son of President Henry B. Eyring, second counselor in the churchs First Presidency). He will step down from the Elevate board, but will retain his equity stake. Scott avails his network to share poignant life lessons from an array of . Find a beach somewhere, bring Lisa and the kids, tuck that phone away and get the you back in you. Hes not at Madison Square Garden, home of the New York Knicks, where he once served as president. And on Tuesday, long-time play-by-play TV announcer Marc Zumoff announced his retirement. Scott O'Neil sees 76ers owner Harris . Scott O'Neil's history with 76ers, faith and HBSE. In 2016, O'Neil orchestrated a deal that made the Sixers the first U.S. pro sports franchise to own an e-sports team. ONeil, then a Catholic, promised Lisa that their children would be raised in her faith, The Church of Jesus Christ of Latter-day Saints. It paid off in 2005 when he came up with a proposal to promote the NBA Finals, which had dim prospects to draw a large TV audience because of a lack of enthusiasm for some of the qualifying teams. Kevin Huerter and Trae Young stepped up in Game 7's key moments, while Kia MVP finalist Joel Embiid stumbled down the stretch. "In his previous job, as president of Madison Square Garden Sports, [Scott O'Neil] helped draw up the Knicks' 2010 free agency pitches to LeBron James, Dwyane Wade, and Chris Bosh (which . Scott ONeil is stepping down from his role as CEO of Harris Blitzer Sports & Entertainment, the company which owns the New Jersey Devils and Philadelphia 76ers, the teams announced on Wednesday. But with the political turmoil of the last six years, the social justice initiatives with which so many Sixers staff and employees were involved, and the tragedy and polarization of the coronavirus pandemic, ONeil, like many high-profile executives, reevaluated his life and his world. 385. Additionally, he became acting Co-Managing partner for Elevate Sports Ventures, a sports and entertainment agency he helped to create in a partnership between HBSE, Live Nation Entertainment | Ticketmaster, the San Francisco 49ers and Oak View Group. Scott O'Neil, 51, head coach for The Pennington School girls varsity basketball team, talks with the team during a timeout in Pennington, N.J., on Monday, Dec. 6, 2021. A few years later, however, a former work partner split off and started a rival company. We want to hear from you. If a bid is submitted, Philadelphia could potentially host two major league all-star games in one year. Sports and technology outlet SportTechie named ONeil as 2017s Most Innovative Executive, and most recently, the Sixers were bestowed five Clios, including one for Team of the Year in 2021. We want to hear from you! I cannot overstate how much we value Scotts enormous contributions to the company and how grateful I am for his leadership and partnership in creating a best-in-class culture at HBSE. He has reached an agreement to sell his stake. Scott O'Neil is stepping down as CEO of the 76ers to focus on other projects. But nothing is more important than his family. The company created a special team to help achieve that, began investing in revitalization of communities, and committed $2.5 million for education, health, and employment for young people with fewer opportunities. As CEO, O'Neil was responsible for the organization's leadership, strategic vision, and global ambitions. This company has grown through a culture of extraordinary teammates willing to be innovative, having the discipline to do the work, and a courage to lead from the front. We know he will find great success in whatever he chooses to accomplish in the future, and we will always be among his biggest advocates., We are immensely grateful to Scott for his partnership over these past eight years of unprecedented growth, said HBSE Co-Founder David Blitzer. Elder Vai Sikahema, a former NFL Pro-Bowler, longtime newscaster in the Philadelphia area and now a general authority seventy of the Church of Jesus Christ, remembers the first time he met ONeil. Still, the timing seems curious, considering the additions of Rivers and Morey, their resumes, and their egos. Got a confidential news tip? All Rights Reserved. Its very likely.. Taking a look at the numbers behind Nikola Jokic's historic season for the Nuggets. Scott O'Neil has resigned as CEO of Harris Blitzer Sports & Entertainment, parent company of the Philadelphia 76ers. scott o'neil 76ers net worth. In an era when inclusion matters, the Sixers corporate offices look a lot less homogeneous than they did in 2013. Sign up for free newsletters and get more CNBC delivered to your inbox. Last week, during a holiday trip to Utah, ONeil rented out a Salt Lake City-area Shake Shack to gather with local friends and family members. Scott O'Neil departs Harris Blitzer Sports and Entertainment after landing the NBA's first jersey patch and NHL's first helmet sponsorships. EPISODE PAGE: https://whatgotyouthere.com/242-scott-oneil-ceo-of-philadelphia-76ers-new-jersey-devils-on-being-where-your-feet-are/Scott O'Neil is the CEO of. O'Neil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kira's basketball team. Copyright 2023 Deseret News Publishing Company. For sports executive Scott ONeil, the headline read, failure is the best teacher.. Scott O'Neil, chief executive officer of the Philadelphia 76ers in New York, Sept. 26, 2016. ONeil landed the job back in 2013. RotoWire considers the best player values in Yahoo fantasy leagues for Friday's 10-game slate. ONeil replaced Adam Aron, now the CEO of AMC Entertainment, in 2013 and worked under Sixers and Devils owners Josh Harris and David Blitzer. Im looking at a whole host of different things, he told me. A Villanova grad who once worked for the Eagles, ONeil was raised in Newburgh, N.Y., but hes a Philly guy now. Scott O'Neil Retweeted. Hypergrowth, super growth. The team failed to reach the conference finals despite finishing first in the East. Its essentially like a vulnerable peek behind the curtain look at life, and life can be messy. His recently published book, entitled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. Scott ONeil is stepping down as CEO of the 76ers to focus on other projects. Did that influence his decision to depart? The Sixers and their controversial, imperfect, and incomplete rebuilding strategy were not ONeils sole responsibilities. Im ready. I think that the right person coming in here will be a wonderful steward of this brand for years. Scott O'Neil . O'Neil oversaw several changes to the 76ers during his time as CEO. ONeil said hed been planning his exit since January, and a team source said Blitzer and his co-owner, Josh Harris, began the search for ONeils replacement in March and plan to name a successor within weeks, if not days. Scott O'Neil, chief executive of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils, reflects on the challenges of the pandemic, conversations about social justice, the future of US . June 30, 2021 12:00 pm ET. Below, a portion of the release. But now, both he and they are in the right spot all the fun and all the action, he says, smiling, happens on the way up., Copyright 2023 Deseret News Publishing Company. Long before he became the CEO of the Philadelphia 76ers NBA team and the New Jersey Devils NHL team, Scott O'Neil was working fifty hours a week as a teenager, digging pools, landscaping, working . Elder Sikahema arrived first; when ONeil reached the table, he leaned in and said, Im a hugger is that all right?, In my mind, Im thinking, OK, hes a hugger, but Im a competitor, Elder Sikahema recounted, laughing. Philadelphia 76ers CEO Scott O'Neil is leaving the organization to pursue new opportunities, according to a team press release. Scott ONeil, 51, head coach for The Pennington School girls varsity basketball team, stands next to his daughter, Kira, before their game in Pennington, N.J., on Monday, Dec. 6, 2021. ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras basketball team. On his first day, ONeil felt out of place and underqualified; two years later, his classmates chose him to speak at the 1998 graduation ceremony. Team CEO Scott O'Neil sat down with Howard Beck on his podcast, "The Crossover NBA Show, . This book is about purposeful living.. According to a warrant for Morrow's arrest, he's facing charges of assault by strangulation, second-degree kidnapping and communicating threats. When I got here, we were 95% white men, ONeil said. He joins us to share the wisdom and incredible experiences of happiness, leadership and success that he has gained throughout his life. O'Neil's favorite leadership book, which he urges colleagues read to help them be as objective as possible about their biases and decisions, is Leadership and Self-Deception from the Arbinger Institute. The team announced Wednesday that CEO Scott O'Neil is leaving the franchise to seek "new opportunities." ONeil has also been serving as co-managing partner of Elevate Sports Ventures, a consulting firm launched in 2018 by HBSE and the San Francisco 49ers. The Sixers alone were valued at roughly $415 million in 2013. On the Devils front, O'Neil landed the team the NHL's first helmet sponsor last December. Phones have to be left at the door during meetings. His departure comes at a time the Sixers are in transition on and off the court. Was ONeil forced out? [ONeils] ambition, strategic outlook, and innovative mindset have been instrumental to the success of our business, Sixers co-owner David Blitzer said in a statement. He called on his network of friends, signed up all of them, and made the finals a huge success. But a video-heavy site before Wi-Fi was ubiquitous failed during the dot-com meltdown of 2000, forcing him to fire his brother, while his credit for years. Jesse D. Garrabrant | National Basketball Association | Getty Images, MLB joins the NFT boom with first token to honor Lou Gehrig. But hes also surprisingly relaxed when, say, a player comes to practice and theyre having a bad day. "Scott has accomplished so much on behalf of the organization in a relatively short amount of time, driving our growth, culture, and commitment to strengthening the communities in which we live, work, play, and win," Harris said in a statement. Scot O'Neil, CEO of the Philadelphia 76ers and New Jersey Devils, sat down with Larry Platt at the Fitler Club in Philadelphia in an event powered by Comcast. O'Neil oversaw several changes to the 76ers during his time as CEO. 2023 CNBC LLC. He also helped create HBSE Venture Fund and HBSE Real Estate to round out the portfolio. The intense drive to crush his competitor ironically led to the failure of his own business, and his marriage soon followed. A career is like climbing a mountain, ONeil observed all that rah-rah stuff. But once you get to the top of that summit, he mused, you look around, and its friggin lonely up there.. 76ers and Devils Honor MLK Day, Open Applications for "Buy Black Program" for Ambitious . Scott O'Neill is a professional property investor, best selling author and the Managing Director of the "ReThink" group of companies. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, *Translations are limited to select pages, Zumoff, longtime voice of 76ers, set to retire, Huerter, Young shine in 4th; Embiid not enough, 76ers get defensive to force Game 7 in Philly, Ex-NBA player Morrow facing assault charges, Durant passes 'Big O' for 13th in career points, NBA Fantasy: Under-the-radar additions for playoffs, Magic's Isaac (torn adductor) out for rest of season, Triple-double win streak shows Jokic dominance, NBA DFS Picks: Yahoo plays and strategy for March 3. Scott S. Smith has had over 2,000 articles and interviews published in nearly 200 media, including Los Angeles Magazine, American Airlines American Way, and Investors Business Daily. He has more than 25 years of experience leading NBA, NHL and NFL teams and leagues, including the National Basketball Association, Philadelphia 76ers, New York Knicks, New Jersey Nets, Philadelphia Eagles, New York Rangers and New Jersey Devils. These girls will be running a company someday, ONeil says of his players. Get our latest stories in the feed of your favorite networks. Sportico is a part of Penske Media Corporation. Always intense and often irascible, ONeil quickly rose, then fell, as president of Madison Square Garden Sports, his job before landing with the Sixers, but he says hes mellowed during his tenure with the Sixers. Why dont you ref, and why dont you let me coach? ONeil told the official, who responded by threatening to escort him out of the gym. In 1999, most computers were unable to stream video (Adobe Flash and YouTube were several years from creation). Coaching his daughters team is something hes done every winter for some 17 seasons and counting, from 5-year-old junior squads to middle school to now. NEWARK, N.J. - JUNE 30, 2021 - After eight successful years guiding Harris Blitzer Sports & Entertainment (HBSE) through exponential growth and expansion, CEO Scott O'Neil has elected to step away from the organization in order to pursue new opportunities. Laugh and cry with you, even when you aren't in the mood. Heres why, The Church of Jesus Christ of Latter-day Saints, 76ers CEO speaks at BYU, advising students to find good mentors, Finding the good life could be as easy as these 5 words, says Philadelphia 76ers CEO, Hand of God moments lead Philadelphia 76ers CEO to join LDS Church, Be Where Your Feet Are: Seven Principles to Keep You Present, Grounded and Thriving. On a Monday evening in December, Scott ONeil is sitting courtside. Coaching a team is very analogous to running a company, he tells me, listing off all the characteristics of successful executives: be a hard worker, be intellectually curious and be an extraordinary teammate. Whoever it is, his or her plate will be full. In Be Where Your Feet Are, Scott O'Neil, CEO of the Philadelphia 76ers and New Jersey Devils, offers his own story of grief and healing, and shares his most valuable lessons in what keeps him present, grounded and thriving as a father, husband, coach, mentor, and leader. O'Neil was a limited partner in Harris Blitzer Sports & Entertainment, whose assets include the 76ers, Devils and the Prudential Center. When he does go back to work, he said, hell try to replicate the corporate turnaround he helmed in Philadelphia, where a $280 million franchise grew in value sevenfold in just eight years. He also spent nearly a decade in the NBAs team marketing and business operations division, known in the industry as TMBO. SCOTT O'NEIL is one of the most recognized, connected and dynamic executives in the sports and entertainment industry today. They chose smart draft picks, ignored the noise, recruited new leaders, and invested in the goals. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. The Orlando forward played only 11 games this season after missing two years with a torn ACL. O'Neil says the next CEO will be charged with continuing to grow the company while also likely taking the lead in building a new arena for the 76ers. I remember what it was like when we first walked in here, and to think weve grown this business, over $2 billion in value over six times in eight years, thats what I do. I think that the right person coming in here will be a wonderful steward of this brand for years. On this Monday evening, the formula pays off. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. To create inviolable segments to allow him to focus, O'Neil blocks out time for everything in his professional and personal life, from exercise and morning prayer to conference calls and listening to feedback. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, *Translations are limited to select pages, Sixers announce exit of longtime CEO Scott ONeil, Zumoff, longtime voice of 76ers, set to retire, Huerter, Young shine in 4th; Embiid not enough, Ex-NBA player Morrow facing assault charges, Durant passes 'Big O' for 13th in career points, NBA Fantasy: Under-the-radar additions for playoffs, Magic's Isaac (torn adductor) out for rest of season, Triple-double win streak shows Jokic dominance, NBA DFS Picks: Yahoo plays and strategy for March 3. Eight years ago, Scott O'Neil joined the Philadelphia 76ers as the CEO of Harris & Blitzer Sports and Entertainment. Here, he has built a frontline brand that, less than a decade ago, was an afterthought. He was forced to push pause. His feet wont be on the floor of the Wells Fargo Center anymore. After a few years at the Nets and as a corporate sales director with the Philadelphia Eagles, ONeil went back to school this time at Harvard Business School. He was previously president of Madison Square Garden Sports and senior vice president of team marketing and business operations for the National . Scott ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras basketball team. No, tonight, ONeil is at The Pennington School in small-town New Jersey. Ask for feedback about what to say and be eager for criticisms about your plans. HBSE, which owns the Sixers and New Jersey Devils, grew its brand and . a ch H Lang District H Lang, Cao Bang S in thoi:. At first, however, he was intimidated by so many brilliant classmates with greater experience in top-tier organizations. But we already know that, so fight off your instincts and take some time and space to decompress. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. . Kevin Huerter and Trae Young stepped up in Game 7's key moments, while Kia MVP finalist Joel Embiid stumbled down the stretch. Could he have stayed? The pandemic was terrible, but "it forced us to check ourselves, slow down, and to pause time and space to reflect on the lives we were leading." Scott O'Neil (MBA 1998), former CEO of Harris Blitzer Sports & Entertainment, was recently named CEO of the UK-based theme park company Merlin Entertainments, the Wall Street Journal reported recently. The Orlando forward played only 11 games this season after missing two years with a torn ACL. When readers purchase services discussed on our site, we often earn affiliate commissions that support our work. A mentor changed O'Neil's career by challenging him to write his personal "leadership constitution," a summary of what his most important principles and commitments are, as well as what his colleagues can absolutely count on him to be and do. . Josh and David are extraordinary leaders, partners and friends. At the time, he and Lisa had a 1-year-old daughter at home. Because he was a straight-A student in high school, president of the student body, and captain of three sports teams, he was confident he would get into one of the top schools. The Process hasnt produced even one parade. I also discovered that failure can actually be a greater teacher than success.". ONeils focus on diversity long predated the murder of George Floyd and the tinderbox of outrage it ignited. He had a wonderful marriage, three amazing daughters, lots of friends, and talented colleagues, he recalled. Im leaving because its time, ONeil said by phone. Challenge you to raise the bar beyond your expectations. Scott ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras basketball team. Philadelphia 76ers incoming Chief Executive Officer Scott ONeil speaks to reporters at the teams NBA basketball training facility in Philadelphia on Monday, July 8, 2013. The team is now worth $2.5 billion, according to Sporticos latest rankings. Im leaving because its time, ONeil told the Associated Press. The 76ers went from being valued at $415 million in 2013 to a current value of $2.5 billion, according to Sportico. Scott ONeil, 51, head coach for The Pennington School girls varsity basketball team, watches warmups in Pennington, N.J., on Monday, Dec. 6, 2021. ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches Kiras basketball team. Then call me.". "Bloomberg Opinion" columnists offer their opinions on issues in the news. He helped bring the NBA its first jersey patch deal back in 2016 and helped the Sixers have the highest regular-season attendance in 2019, according to CNBC. What we know and dont know, When your adventure partner keeps demanding gummy bears. The Pennington School girls varsity basketball teammates high-five on the bench during a game against Solebury School in Pennington, N.J., on Monday, Dec. 6, 2021. He was also away from home 150 nights a year. But only two of the eight he applied to accepted him, "giving me a giant chip on my shoulder. Tom Ford. The next CEO will be tasked with helping the Sixers land a new arena and increasing the value of the New Jersey Devils. Michelle Gustafson, for the . Most of the sites content was video; most of the videos could not be watched on turn-of-the-century desktops and dial-up connections. HBSE first hired ONeil as its CEO in 2013. Has he really climbed this one? The man who oversaw The Process is done processing. They have not come close. In 2017, O'Neil was made CEO of Harris Blitzer Sports & Entertainment (HBSE), the holding company for the 76ers, Devils, esports businesses, a marketing and hospitality partnership, and the Prudential Center.