By Jack Burden

Thomas Degasperi is a man who knows how to make waves. Not just on the water, where his elegant edge changes and icy composure have earned him two World Championships, but also in the industry that powers his sport. After nearly two decades with Malibu Boats, Degasperi’s recent announcement that he’s joining Nautique Boats signals the end of an era for the Tennessee-based boat manufacturer.

“Excited to announce that I’ve joined Nautique Boats! I couldn’t be happier to be part of this family that pushes the sport to the limit,” shared the Italian skiing legend, known as T-Gas for short. It’s a move that feels both inevitable and bittersweet, signaling not just a personal shift but a broader industry evolution.

The End of an Era

Malibu Boats and Thomas Degasperi were practically synonymous. For 18 years, Degasperi skied behind Malibu boats, racked up victories, and became the face of their three-event program. Rob Corum, Malibu’s marketing manager, said it best: “Thank you for pouring your heart and soul into Malibu. You are an irreplaceable legend.”

Degasperi responded with equal grace: “Malibu has been my home for 18 years. To you and the hundreds of people at the factory, to all my teammates, I couldn’t thank you enough for the hard work and dedication. It has been a great ride.”

But the waters have been choppy for Malibu lately. The company has faced lawsuits, a dip in sales, and budget cutbacks—all while competitors like Nautique have doubled down on their commitment to the sport. Regina Jaquess’s departure earlier this year after two decades with Malibu signaled a shift. Now, with Degasperi’s defection, Malibu has effectively exited the professional waterski sponsorship game.

Nautique’s Calculated Gamble

For Nautique, signing Degasperi is a bold move. At 43—44 next month—Degasperi’s prime competitive years are arguably behind him. His 2024 season saw him finish 5th on the Waterski Pro Tour, with consistent performances earning him seven finals appearances and two podium finishes during the European leg. Impressive, yes, but not exactly the dominance he once exhibited a decade ago.

Still, Nautique appears to be betting on more than just results. Degasperi’s enduring popularity, professionalism, and influence in the skiing community make him an asset that transcends podium finishes. He joins Regina Jaquess in what seems to be a Nautique strategy of consolidating the sport’s most marketable athletes under one banner.

The Bigger Picture

Degasperi’s move underscores a larger narrative about the state of professional water skiing. Sponsorships are dwindling, and Nautique’s signing of both Degasperi and Jaquess feels as much about safeguarding the sport’s heritage as it does about marketing. Despite their legendary statuses, neither skier is in the prime of their career, yet they are among the few to secure lucrative boat deals.

It’s a worrying trend. Of the 12 men who, alongside Degasperi, finished on two or more professional slalom podiums in 2024, only two—Joel Poland and Freddie Winter—have a boat sponsor. Jaimee Bull, a two-time World Champion and three-time Waterski Pro Tour champion, remains without a boat deal despite being at the peak of her powers. If the best in the world can’t attract sponsorships, what does that mean for the future of the sport?

Malibu’s Uncertain Path

Malibu’s retreat from the professional skiing scene is disheartening. The company has committed to continuing production of the TXi, its competition ski boat, but financial pressures have forced cuts to their ski program. With fewer than 50 TXis reportedly produced in the US last year and reduced promo boat support, the sport risks losing one of its most iconic vessels from competition.

Malibu’s struggles mirror broader challenges in water skiing. With a small and declining market, manufacturers are forced to balance passion with profitability. Nautique, for its part, has doubled down on its investment in athletes and events, arguably becoming the sport’s lifeline. But even their deep pockets can’t support the entire ecosystem.

What’s Next?

For now, Thomas Degasperi’s move to Nautique feels like a win—for him, for Nautique, and for fans who will get to see one of the sport’s greats continue to carve turns at the highest level. It’s a homecoming of sorts for a man who grew up skiing behind Nautiques at his parents’ ski school in Italy.

At the same time, Malibu’s scaled-back involvement raises troubling questions about the future of water skiing. Can the sport sustain itself with fewer sponsorship opportunities and declining manufacturer investment? Will other brands step in to fill the void, or are we witnessing the early stages of a slow decline?

Yet, if Degasperi’s career has taught us anything, it’s to challenge conventional wisdom. At 43, T-Gas has just finished one of the best seasons of his career, performance-wise, at a time when most would expect him to hang up the skis. The lesson? Don’t write off anyone—whether skier or manufacturer—too soon. After all, Degasperi isn’t done making waves just yet.