Capstone for Colangelo: Sports Business School at GCU Cements His Rich Legacy

November 30, 2012 / by / 0 Comment

By Bob Romantic
GCU News Bureau

Jerry Colangelo had an impromptu idea.

“Come on,” he said. “Let’s go for a ride.”

It was the middle of October, and he and his guest did just that, leaving their breakfast at the Arizona Biltmore to take a quick drive to Grand Canyon University.

This profile of Jerry Colangelo and the School of Sports Business that bears his name was featured on the cover of the December 2012 GCU Today magazine. (Photo by Darryl Webb)

A short time later, they were walking into a classroom, unannounced, as students’ eyes got bigger and jaws started dropping.

The Introduction to Sports Management class at GCU was about to get a question-and-answer session with NCAA President Mark Emmert — and Colangelo — just like that.

“The energy inside the classroom was palpable,” said Dr. Brian Smith, director of the Colangelo School of Sports Business and the teacher of that aforementioned class. “Mr. Colangelo and Dr. Emmert shared stories while also inspiring the students with positive words of encouragement.

“It was an invaluable experience.”

The spur-of-the-moment session was unexpected in many ways. But, in the grand scheme of things, it really wasn’t.

Colangelo is not simply a name on the masthead of a college. He is a Phoenix icon. Someone who takes pride in every venture he is involved in. Someone who is regarded as one of the most influential executives in professional sports.

And, mostly, someone who just makes things happen.

The father of Phoenix sports

Colangelo’s story is well-chronicled. The grandson of Italian immigrants rose from modest roots in Chicago’s “Hungry Hill” district to build a sports empire in Phoenix.

After helping to launch a Chicago Bulls franchise in a city where two previous teams had already failed, a 28-year-old Colangelo packed up his wife and three children and joined the expansion Phoenix Suns in 1968 as the youngest general manager in pro sports. Over the next 40 years, he served as coach, president, managing general partner, chief executive officer, part owner and chairman of the Suns— a team that reached the NBA Finals twice under his watch (1976 and 1993) and built the fourth-best all-time winning percentage in the league.

Jerry Colangelo has already left a mark on Grand Canyon University, just as he has the entire Valley sports landscape. (Photo by Darryl Webb)

On the business end, Colangelo was at the forefront of deals such as arena naming rights and packaging things like radio and TV rights, signage, marketing and tickets. For a time, the Suns were the highest revenue-producing team in the league despite operating in the 19th-largest market.

“I was never afraid to fail, and I was never afraid to take risks – calculated risks, not blind risks,” Colangelo said. “If people told me I can’t do that, my attitude was ‘I can and I’ll show you how.’”

In 1993, shortly after the NBA finals, Colangelo was approached by Joe Garagiola Jr. and Jim Bruner with the idea of bringing an expansion baseball team to Phoenix. At that point, there were no plans by Major League Baseball to expand and previous attempts to lure baseball to the Valley of the Sun were unsuccessful. After some initial hesitation, Colangelo looked at the impact a baseball franchise could have on downtown Phoenix and agreed to spearhead the project.

“All we had to do at that point, with the storm clouds of a strike hanging over the sport, was convince Major League Baseball that A) It was a good idea, B) We should be the city that gets the franchise, and C) Figure out a way to get a stadium built. And we did,” said Garagiola Jr., who later became general manager of the Arizona Diamondbacks and is currently the senior vice president of standards and on-field operations for Major League Baseball. “Jerry is a visionary. He sees things. He knows when to be bold, and he always has larger rather than parochial interests at heart.”

The Diamondbacks were born in 1998 and in their first five years of existence won three division titles (1999, 2001, 2002), a National League pennant (2001) and a World Series championship (2001) — the fastest an expansion team had ever won a title.

The irony of that World Series title isn’t lost on Colangelo, who chased an NBA title for nearly 40 years before selling the Suns in 2004 to Robert Sarver for $401 million (he led an ownership group that bought the team in 1987 for $44.5 million). Later, Colangelo added two Olympic gold medals as the head of USA Basketball and an induction into the Naismith Basketball Hall of Fame to his list of accomplishments.

“It’s been a great ride,” Colangelo said. “I wish we had won an NBA championship. I guess that’s God’s way of saying, ‘You know, I’ll give you a lot, but not everything.’”

The Olympic experience

Colangelo’s involvement in USA Basketball couldn’t have come at a better time – for him and the U.S. Olympic team.

Team USA was coming off an embarrassing bronze-medal finish in the 2004 Athens Olympics, where it lost three times and didn’t represent the U.S. well on or off the court.

Jerry Colangelo's leadership brought back patriotism, commitment and respect to USA basketball -- which in turn brought back plenty of gold medals like these with the U.S. team at the 2008 Beijing Olympics. (Photo by Garrett Ellwood/NBA/Getty Images)

For Colangelo, 2004 was a tumultuous year from a personal standpoint.

For personal financial planning reasons, he sold the Suns; he resigned his position with the Diamondbacks when it became apparent there was an internal movement afoot to push forward without him; his friend, confidante and former Suns coach/announcer Cotton Fitzsimmons died that year; and even his wife was mugged outside a five-star hotel in Paris while on vacation (Colangelo got a face-full of pepper spray from the assailants when he grabbed

Colangelo brought Steve Nash back to Phoenix, where the popular point guard was a two-time MVP for the Suns. (Photo by Darryl Webb)

one in a bear hug).

“I was at a speaking engagement talking about how it had been a year with a lot of emotion and said ‘What scares me the most is there are still two months left in the year,’” Colangelo said. “Two weeks later I was diagnosed with prostate cancer.”

Determined to put all of 2004’s troubles behind him, Colangelo had surgery on Dec. 31 of that year to remove his prostate so that he could start 2005 with a clean slate.

Colangelo embraces Jay Bell after the Diamondbacks' 2001 World Series championship. (Photo by Darryl Webb)

While Colangelo was recuperating, NBA Commissioner David Stern came calling with an offer to take over USA Basketball.

“The timing, for me, at that stage of my life with all the things that had occurred, was perfect,” said Colangelo, whose only demand was that he be given full autonomy to run the program. “It was a unique opportunity to take this program that was on its behind and rebuild it, change a culture and change an attitude about how people were looking at us as Americans around the globe.”

Stern said Colangelo was a natural for the position.

“Jerry is a complete professional package who understands a balance sheet as well as a score sheet,” Stern said. “I think the results tell the story. He made it a matter of patriotism to be part of your country’s team in the Olympics.”

Rather than throwing together a group of all-stars on a one-year basis to represent the team, Colangelo demanded full commitments from players — from practices to World Championships to the Olympics —and sold them on the fact that “it’s not about you, it’s about USA Basketball.”

Every player he approached signed on.

After an initial hiccup against Greece in the 2006 World Championships, the U.S. won gold medals at the 2008 Beijing Olympics, 2010 World Championships in Turkey and 2012 London Olympics.

“Jerry is the main reason USA Basketball has reached the heights that it has in the last seven years,” said Mike Krzyzewski, the Duke coach whom Colangelo brought in to lead the U.S. team. “His leadership of the whole program has been magnificent.”

Colangelo also worked to bring in sponsors and fully fund the program.

“As a businessman, he’s one of the best,” Krzyzewski said. “He basically raised four times as much money as the previous four-year period, and he raised even more in the next four years. Besides raising money, he developed relationships with businesses like Nike and Tiffany. They felt like part of the team.

“Jerry is one of a kind. And as a result of him being one of a kind, USA Basketball is one of a kind again.”

Still enjoying life

Colangelo, at age 72, has no immediate plans to slow down.

Colangelo, at age 72, can still handle a basketball and is still involved in a number of business ventures. (Photo by Darryl Webb)

He is still involved as chairman of USA Basketball and as chairman of the Naismith Hall of Fame. He has real-estate holdings such as the 300,000-residence Douglas Ranch in Buckeye and Wigwam Resort in Litchfield Park. And he still serves on several non-profit boards.

“I’m very busy and still enjoying life,” said Colangelo, who works out daily. “I believe I should stay active as long as I can because there will come a time when I can’t, and that’s the time to stop. Too often, when people stop, there’s not a good result.”

That means continued involvement in the Colangelo School of Sports Business.

“I’m attempting to be involved in the entire program,” said Colangelo, who added that he has a few other surprise speakers up his sleeve. “I have so many experiences to share with them, and I want to do that because I think they can learn a lot.”

Colangelo’s involvement, Stern said, can only mean that the curriculum “is going to be a very dynamic one that is going to reflect the changing nature of the sports business in the way that Jerry has reflected it.”

“That means it will be a vibrant, dynamic and spectacular place to learn about the sports industry,” Stern added. “Anyone who doesn’t believe that hasn’t had their arm twisted by Jerry.”

Contact Bob Romantic at 639.7611 or bob.romantic@gcu.edu.


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