Ever wondered if a passion for sports, a sharp wit, and a microphone could translate into a multi-million dollar empire? For Dan "Big Cat" Katz, the answer is a resounding yes, though the road to riches hasn't always been a straight shot.
Dan "Big Cat" Katz, the Barstool Sports personality, has captivated audiences with his unfiltered takes and comedic genius, most notably as co-host of the wildly popular podcast "Pardon My Take." But beyond the laughs and viral moments, questions swirl about his financial standing. Is he a millionaire? How much does he really make from Barstool and "Pardon My Take?" The answers, while not always transparent, paint a picture of significant success, entrepreneurial savvy, and perhaps, a touch of financial risk-taking.
Like Barstool founder David Portnoy, "Big Cat" has carved a niche for himself in the sports media landscape. While Portnoys net worth is estimated at a substantial $120 million, "Big Cats" financial situation is more nuanced. Some speculate that he would easily be in the millionaire's club if it weren't for his well-documented penchant for gambling. Unlike some high-profile personalities, he doesn't flaunt a lifestyle of luxury, opting instead for a more understated approach, foregoing expensive clothing, elaborate haircuts, and personal trainers.
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Estimates of "Big Cat's" net worth currently range from $2 million to $10 million. This variability hinges on the extent of his ownership stake in Barstool Sports, a detail that remains somewhat opaque. His journey with Barstool began relatively early in the company's history, leading many to believe he holds a significant equity position. In a company valued in the hundreds of millions, even a small percentage translates into a considerable sum.
The complexities of Barstool's ownership structure and its acquisition by Penn National further complicate matters. Filings related to the acquisition reveal that Penn National has the option to become the 100% owner of Barstool Sports through a combination of deferred payments and mandatory call options. While these filings don't explicitly detail "Big Cat's" individual holdings, it is speculated that he holds a healthy share of the employee option pool.
Adding to the intrigue, discussions on episodes of "The Yak," featuring "Big Cat" and Gerard "Jersey Jerry" Gilfone, have touched upon the starting salaries for Barstool employees. In one June 2023 episode, "Big Cat" admitted, "I actually don't know what the base salary is." Jerry shared that his starting salary was $100,000, offering a glimpse into the company's compensation structure for newer employees.
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While base salaries offer a baseline, the real financial rewards at Barstool often lie in equity and bonuses. One particularly notable event occurred at the end of 2020 when "Big Cat" received approximately $7 million in Barstool stock as a one-time bonus. He promptly sold these shares to Penn National, with roughly $3.6 million withheld for taxes. This transaction underscores the significant financial stakes involved for key Barstool personalities during the acquisition period.
His earnings extend beyond his base salary and stock options. As a podcaster and blogger, he is reportedly earning $1 million per year, and this is expected to increase in proportion with his growing popularity. He also worked as a writer for four episodes of The Barstool Rundown in 2017.
His podcast Pardon My Take (PMT) has played a significant role in his financial ascent. PMT is a comedic sports podcast released three times per week by Barstool Sports. Hosted by Dan Big Cat Katz and PFT Commenter, it debuted on February 29, 2016, and quickly rose to prominence, reaching the number one position on the US iTunes charts on March 2, 2016. While the exact amount "Big Cat" earns per episode remains undisclosed, reports suggest an estimated salary of $300,000 annually solely from his work on "Pardon My Take."
Moreover, "Big Cat" reportedly acquired over 140,000 shares of Penn stock during the acquisition. Assuming he hasn't sold them, their current value is roughly $4.9 million. "Big Cats" payout in the initial 2020 transaction was at least partially disclosed to the SEC. Barstool issued him approximately 142,000 shares just before Penn paid $49.11 per share. According to the SEC filing, they were called Katz compensation shares, and that's the source of the $7 million minimum he made from the initial transaction.
Beyond Barstool, "Big Cats" potential business ventures add another layer to his financial portfolio. There is speculation about his involvement with Swansea City, an NZ Breakers team, and a PLL team, but no clue how profitable they are.
Before finding fame at Barstool, "Big Cat" worked as a commercial real estate agent, showcasing his diverse professional background. It appears that his career as a Barstool personality has opened many doors for him to explore different fields. It's estimated that his annual salary ranges from $500,000 to $1 million.
The success story of "Big Cat" serves as a blueprint for aspiring podcasters and media personalities looking to leverage their brand for financial gain. By creating engaging content, cultivating a strong personal brand, and strategically navigating the business side of the media industry, individuals can achieve both recognition and financial success.
Dan Big Cat Katz was born in West Newton, Massachusetts, on January 30, 1985. He attended Newton North High School and graduated in 2003. As of today, Dan Katz is 38 years old.
Katz has been with Barstool for nearly its entire existence, starting in 2008, one year after the site transitioned from a newspaper to an online blog permanently.
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