On a Monday-to-Friday basis, sports business and investment newsletter JohnWallStreet provides insights into the off-the-field activities of entrepreneurs in the sporting world. Looking into the non-football aspects of New England Patriots coach Bill Belichick, JWS conducted a Q&A with Ian O’Connor, author of the best-selling book, “Belichick.”
JWS shared a couple interesting items from the interview and they are presented here today. If you’d like to see the entire interview, we recommend subscribing to the daily newsletter. Click HERE.
Bill Belichick has seven Super Bowl rings (five as a Head Coach) and is revered as the most successful coach in NFL history, but doesn’t do personal endorsement deals; his “evil genius” image has been cultivated not to sell products, but to reduce off-field obligations. The New York Times best-selling biography, “Belichick” touches on “Human Bill”, offering anecdotes meant to explain why the football coach opts to display a persona harmful to his financial interests. JohnWallStreet had the chance to speak with the author of the book, Ian O’Connor, to get his insight on Bill Belichick, Inc.; the company Bill formed and then shuttered before his first public speaking appearance (or product pitch).
JWS: When Agassi said, “image is everything”, he meant in terms of selling products, but B.B. has cultivated this enigmatic persona to avoid off-field responsibilities. Can you help explain the logic?
Ian: It’s a good question because his net worth is +/- $35 million (Forbes) and that seems awfully low for the leading character in the most watched TV drama, 17 out of every 20 times. He’s the most prominent figure in the NFL, which is the most prominent show on television. Just in terms of endorsements, he has left tens of millions of dollars on the table; money that comes with the credibility he’s established for sustained winning over a 20-year period.
I really believe part of the reason he hasn’t capitalized is his belief that everything in the organization is team centric, his whole program is built around team over self and if he were to capitalize on his fame outside of football, I think he would feel that he’s elevating himself above the team.
The other thing is, he’s always saying it’s a players’ game. I think he really means that. Had he gone ahead and really capitalized on his earning power through endorsements and corporate speaking, I think he believes that he would be in defiance of the values he preaches.
JWS: At one point, B.B. started a for-profit company (Bill Belichick Inc.) to field consulting, public speaking and product endorsement opportunities. It’s your belief Bill would make an effective pitchman. Why is that?
Ian: I did a book on the rivalry between Arnold Palmer and Jack Nicklaus, and Arnold Palmer is really the Founding Father athlete as a pitchman. He started IMG on a handshake with Mark McCormack. McCormack was succeeded by a guy named Alastair Johnston and I remember him explaining to me that the strategy with Arnie was to avoid selling him as a winner, because his window to win was going to be short. They didn’t really want trophies in his hands because that was going to end shortly and they wanted to sell Palmer to America as a successful person people could relate to. With Belichick, you get to actually sell winning because he’s won over such a long period of time.