Jeff Moorad

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Jeffrey S. Moorad is a former sports agent and baseball executive. He is the former CEO and former minority owner of both the Arizona Diamondbacks and the San Diego Padres of Major League Baseball (MLB).

Player representation[edit]

Moorad began specializing in athlete representation in 1983. He concentrated on Major League Baseball and signed a number of athletes, including Will Clark and four other members of the United States national baseball team team in the 1984 Summer Olympics. In 1985 he, together with Leigh Steinberg, negotiated several contracts in both Major League Baseball and the National Football League. The two of them worked together for eighteen years and were the agents for such athletes as Steve Young, Troy Aikman, Warren Moon and Thurman Thomas. Moorad also negotiated for Manny Ramirez, Eric Karros, Ivan Rodriguez, Mo Vaughn, Shawn Green, and Raul Mondesi, among others.[1] The deals also included No. 1 overall selections Darin Erstad (1995) and Pat Burrell (1998), both draft records at the time. 'Steinberg & Moorad' was sold in October 1999 to Assante Sports Management Group, a Canadian financial-management firm, for a reported $120 million.[2]

Moorad was named to The Sporting News’ 100 Most Powerful People in Sports on eight occasions.[1]

Major League Baseball[edit]

Arizona Diamondbacks[edit]

In 2004, Moorad agreed to a proposal to become an owner and CEO of the Arizona Diamondbacks. He owned about 12 percent of the team, estimated to be worth $18 million in 2009.[3] While with Arizona, Moorad was a General Partner, Chief Executive Officer, the spokesman for the D-backs’ ownership group, and oversaw the day-to-day operations of the franchise.[1]

San Diego Padres[edit]

In 2009, Moorad became the lead partner in a group that agreed to buy the San Diego Padres from John Moores. Moorad and his group of 12 investors (including former Dallas Cowboys QB Troy Aikman, home builder Al Baldwin, CEO of Save Mart Supermarkets Bob Piccinini, and Panda Restaurant CEO Tom Davin) [4][5][6] began purchase of the team with Moorad serving as club CEO and Vice-Chairman. The sale was valued at about $500 million, and the group planned to purchase 100% of the Padres over five years.[6][7] In 2010, Moorad was named one of San Diego's Most Admired CEOs by the San Diego Business Journal.[8] During this time, Moorad also purchased the Padres' minor league Triple-A team, the Portland Beavers.[9] By 2011, Moorad had sold his 12 percent share of the Diamondbacks.[10][11]

By January 2012, Moorad and his group held 49% ownership of the Padres when MLB deferred voting on their approval for the group to complete the sale with Moores.[12] In March 2012, Moorad withdrew his application to complete the full purchase of the Padres.[13][12] He stepped down as CEO of the Padres later that month, but remained with the team as Vice-Chairman.[14] Media outlets including U-T San Diego, Fox Sports, and Associated Press speculated that Moorad was short of the needed support of 22 MLB team owners to complete the purchase of the Padres.[12][13][14] Moores declared that the entire team was up for sale again in April, citing the good opportunity in the market after the record $2 billion sale of the Los Angeles Dodgers; Moorad's minority group would receive 49% of the proceeds of any sale of the Padres.[15] Moorad was succeeded by Ron Fowler as lead of their investment group.[7] In August, the Padres were sold for $800 million, a $300 million increase over the valuation in the 2009 sale.[16]

Entertainment business[edit]

Moorad was the baseball technical consultant for the Universal motion picture “For Love of the Game” and had a cameo appearance in the movie.[17]

Moorad and Steinberg both appeared in and served as technical consultants to director Cameron Crowe in the 1996 Oscar-winning picture “Jerry Maguire.” Moorad and Steinberg were the inspiration behind the Jerry Maguire character played by Tom Cruise.[18]

Other business[edit]

Moorad currently serves as Vice-Chairman and Chief Negotiation Officer of CEATS, a unique patent-protected interactive software application for online ticketing that provides an online solution.[19]

Moorad formerly served on the Board of Directors for Oakley, Inc., until the sale of the company to Italian manufacturer, Luxottica. Moorad also served on the Board of Directors for Citizen Sports Network, a sports entertainment company, until its sale to Yahoo! in 2010. In 2006, Moorad ventured into the sport of NASCAR, purchasing Hall of Fame Racing from Roger Staubach and Troy Aikman.[1]

Community work[edit]

Moorad encouraged his clients to donate millions of dollars to their own non-profit foundations and alma maters.[20] Moorad himself endowed a $100,000 scholarship to his alma mater UCLA, where he teaches a “Business of Sports” class at UCLA’s Anderson School of Management.[20][19] In February 2012, Moorad also committed $5 million to his alma mater Villanova University School of Law for the creation of The Jeffrey S. Moorad Center for the Study of Sports Law. [21]

After Moorad's good friend Augie Nieto (founder, Chairman and CEO of Life Fitness) was diagnosed with amyotrophic lateral sclerosis in 2005, Moorad has been active in helping to raise funds to find a cure for ALS. [20] Moorad serves as a Vice President of the Muscular Dystrophy Association and is on the board of the Translational Genomics Research Institute (TGen), both of which Moorad has helped link to Augie's Quest.[20]

He has also been very active in the California Coast and Arizona Chapters of the Young Presidents’ Organization (YPO). [20]

He and his wife, Jan, were also the honorary chairpersons for Childhelp USA’s Childhelp Drive the Dream Gala.[20]

Education[edit]

An Assyrian American native of Modesto, California, Moorad graduated with an Associate in Arts degree from Modesto Junior College in 1976, and then obtained a degree in Political Science (B.A.) in 1978 from UCLA and a law degree from Villanova University School of Law (J.D.) in 1981. [22]

See also[edit]

References[edit]

  1. ^ a b c d "Front Office: Jeff Moorad, Vice Chairman & Chief Executive Officer". 
  2. ^ Keating, Peter (2003-05-29). "ESPN The Magazine: "Crash Landing"". Espn.go.com. Retrieved 2013-04-16. 
  3. ^ Bloom, Barry M. (February 3, 2009). "Moorad reaches deal to buy Padres". MLB.com. Archived from the original on April 16, 2013. 
  4. ^ Pouliot, Matthew (10 August 2010). "Padres owner Jeff Moorad: payroll ain't everything". NBC Sports. Retrieved 4 December 2013. 
  5. ^ Powers, Jeff (March 27, 2009). "A Padres Dozen: New Ownership Group Introduced". SanDiego6.com. Archived from the original on March 28, 2009. 
  6. ^ a b Page, Eric S. (March 26, 2009). "New Padres Owners Take the Field". NBCSanDiego.com. Archived from the original on April 16, 2013. 
  7. ^ a b "Padres sale agreement in place". ESPN.com. Associated Press. August 7, 2012. Archived from the original on April 15, 2013. 
  8. ^ "Jeff Moorad named one of San Diego's most admired CEOs". 22 November 2010. Retrieved 4 December 2013. 
  9. ^ "Moorad Completes Deal To Buy, Move Triple-A Portland Beavers". Sports Business Daily. 4 November 2010. Retrieved 5 December 2013. 
  10. ^ "Wall Street Journal 9/25/09 "Owner will be Yelling: Go PadreBacks"". Online.wsj.com. 2009-09-25. Retrieved 2013-04-18. 
  11. ^ Center, Bill (March 13, 2011). "Deal completed to transfer Moorad's interest in Diamondbacks". San Diego Union-Tribune. Archived from the original on April 7, 2012. 
  12. ^ a b c Krasovic, Tom (April 4, 2012). "How the Padres ownership deal fell apart". U-T San Diego. Archived from the original on April 7, 2012. 
  13. ^ a b Morosi, Jon Paul (March 23, 2012). "Padres could serve as consolation prize". FoxSports.com. Archived from the original on April 15, 2013. 
  14. ^ a b "Jeff Moorad steps down as CEO". ESPN.com. Associated Press. March 22, 2012. Archived from the original on April 16, 2013. 
  15. ^ "John Moores hires bankers". ESPN.com. April 10, 2012. Archived from the original on April 16, 2013. 
  16. ^ Center, Bill (August 16, 2012). "MLB approves sale of Padres". U-T San Diego. Archived from the original on August 17, 2012. 
  17. ^ Kelly, Jason. "Jeff Moorad Biography". Bloomberg Link. Retrieved 5 December 2013. 
  18. ^ Gomez, Eric (6 February 2009). "Who Is New Padres Owner Jeff Moorad?". Retrieved 5 December 2013. 
  19. ^ a b "CEATS, Inc. Appoints Sports-Industry Veteran & Noted Businessman Jeffrey Moorad Vice-Chairman & CNO". 2 October 2012. Retrieved 5 December 2013. 
  20. ^ a b c d e f "Jeff Moorad San Diego Padres Front Office". MLB.com. Retrieved 5 December 2013. 
  21. ^ Blumenthal, Jeff (13 February 2012). "San Diego Padres CEO Moorad donates $5M to Villanova law school". Philadelphia Business Journal. Retrieved 5 December 2013. 
  22. ^ "Jeff Moorad's Biography". SportMarketingAssociation.com. Archived from the original on May 7, 2010.