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abil, who is endorsed by New Balance/Warrior, a substantial operating partner of MLL, said he planned to remain with the company for the duration of his playing career.
“We’re promoting the players’ own endorsements over that of the league,” Rabil said. “This whole thing was built with the players in mind.”
Due to the sensitive nature of the MLL-PLL dynamic, some PLL players, when contacted by US Lacrosse Magazine, have been hesitant to discuss their decision to join Rabil in his new venture. Schreiber, also a two-time MLL MVP, and Kyle Harrison both will have roles in PLL management, and thus both were visible participants in Monday’s ballyhooed launch.
“It’s humbling to be a part of this movement,” Schreiber said in a statement. “I can’t wait for people to see what the PLL is all about.”
Schreiber is a financial analyst for the PLL. Harrison is the director of player relations, a fitting role, considering he co-founded the LXM Pro Tour at a time when MLL players felt they could not adequately represent their sponsors if they conflicted with New Balance/Warrior. Harrison is endorsed by Nike and STX.
“What Mike and Paul have established with this league is going to have a tremendous impact on the ability for players to be rewarded for the sport they love,” Harrison said in a statement.
Joey Sankey, a former three-time All-American attackman at North Carolina and three-time MLL All-Star, hopes to join the PLL after finishing treatment for testicular cancer.
“It’s going to be great for the sport,” he said. “Paul Rabil and his brother, Mike Rabil, are very intelligent guys. They have a great direction for where the sport should go. The players feel the same way. It’s kind of a no-brainer for us to make that jump. They have the right mindset.”
Rabil believes strongly, of course, that the PLL will long outlast his playing days. He and his brother certainly lined up the financial backing to ensure that is so. Between the Raine Group, Chernin Group, CAA, Blum Capital and Fortress Investment Group, the PLL will operate with the support of investors whose assets exceed $40 billion.
Besides the injection of capital, these groups provide expertise and connections that reach well beyond the lacrosse industry. Mike Rabil has spent the last nine years in San Francisco, helping to launch several new ventures in Silicon Valley while also going into the family business with his brother.
“I care a lot about lacrosse. My brother, Mike, cares a lot about me. He was also a high school lacrosse All-American who played college football. Sports have been seminal to our growth both personally and professionally,” Rabil said. “But as entrepreneurs, we also know that to be effective, you have to strip out emotion. I’ll run through a wall for lacrosse. But by bringing on sophisticated sports and media investors, we were able to get a very objective look at our business model and growth strategy — and get their approval and investment in that, which is further validation.”
Bloomberg has been quick to point out the important link between lacrosse and Wall Street. The investors aren’t completely devoid of emotion when it comes to the Creator’s Game. Colin Neville, managing director at the Raine Group, played at Yale. Mike Levine, co-head at CAA, played at Cornell.
But no one’s bankrolling the PLL without also expecting a return on his or her investment.
“The tour-based model is going to open up new doors for the sport in front of new audiences,” Levine said in a statement. “The equity that the players — the world-class players — will have in this league is going to revolutionize professional sports. And the product on the field is going to be top-notch. The Premier Lacrosse League is going to be an absolute force in the sports world, make no question about it.”
Ten years ago, Rabil clasped his hands and saluted to those who remained from the crowd of 48,970 fans at Gillette Stadium after his Johns Hopkins team fell short against Syracuse in the NCAA championship game, a combination of sweat and tears leaving a trail of eye black on his cheeks after an outright heroic six-goal performance.
In the old lacrosse world, that moment represented the pinnacle for any player. Rabil has spent the last decade trying to overturn that perception. He spoke frequently of a tipping point for the pro game that would put it on par with the rest of the sporting world.
That time, he said, has come.
“We are in a time, with the convergence of modern media and technology, where there’s never been a better opportunity to proliferate as a niche team sport,” Rabil said. “We believe our game will for the first time hit that exponential growth curve everyone’s been talking about for the last decade and a half. … Now is the time for lacrosse.”