Columbus, OH

Sportico


				













	With college sports in upheaval, institutional investors are seeking opportunities to capitalize on a future that looks increasingly like big-money pro leagues.NCAA Reports $61.5M in Legal Fees in FY23, Emmert Gets $3.3M




	One of those groups, Collegiate Athletic Solutions (CAS), announced last month that it was hoping to become a “trusted advisor to university presidents, CFOs and athletic directors.” The firm was created by RedBird Capital and Weatherford Capital, and plans to invest $50 million to $200 million each into five to 10 public or private athletic departments across top-tier college sports. It would recoup its money via a share of...

Inside CAS: Management Fees, 15-Year Revenue and Waterfalls


				













	The U.S. Supreme Court Friday overruled a 40-year precedent that had provided federal agencies with substantial deference in interpreting federal law. The Court’s ruling in Loper Bright Enterprises v. Raimondo will mean that agency decisions impacting the sports industry, such as whether college athletes are employees and whether noncompetes for sports executives are legal, will be more vulnerable to challenge in federal court.California College Athlete Bill Dies as NCAA Scores Reprieve




	Loper Bright is a case about fishing, specifically a group of herring fishing companies that objected to a National Marine Fisheries Service (NMFS) regulation mandating that boats allow a person onboard to...

SCOTUS Chevron Rejection Could Upend NCAA, College Athlete Cases

Gainesville, FL

USA TODAY Sports Media Group

Billy Napier said he wanted to build an army of a coaching staff when he got to Gainesville, and the NCAA’s recent rule changes prove just how forward-thinking the man in charge is. On Tuesday, the Division I Council approved a rule change permitting any staff member to provide...

Florida's massive coaching staff benefitted by NCAA rule change

Louisville, KY

Louisville Cardinals On SI

The Cardinals officially kicked off offseason workouts earlier this month.

Pat Kelsey Impressed By Louisville's First Month of Summer Workouts

North Carolina Tar Heels On SI

Over the next week and a half, potential UNC basketball talents will be on full display in Istanbul.

Five UNC Basketball Recruits Set for USA Opener at World Cup

Alabama State

Tuscaloosa, AL

NIL On SI

Alabama head basketball coach Nate Oats reveals his feelings on the NIL landscape.

Alabama Basketball Coach Nate Says Congress Will Need to Get Involved Regarding NIL

Los Angeles, CA


				













	LeBron James has opted out of his $51.4 million player option for next season but plans to re-sign with the Los Angeles Lakers if they prioritize improving the roster, Rich Paul of Klutch Sports told ESPN on Saturday. Bronny James' Marketing Clout Could Boost Round 2 Draft Value




	James will work with the Lakers on his next deal if it means adding an impact player: “He’s been adamant about exuding all efforts to improve the roster,” Paul said in an email to ESPN.




	It is the first time that James, who has won four NBA titles, become an unrestricted free agent since...

LeBron Opts Out but Plans to Re-Sign With Lakers, Per Report

Storrs, CT

New York Post

Donovan Clingan was apparently ready to try for a three-peat, but was talked out of it by UConn head coach Dan Hurley.

Clingan was selected seventh overall in the NBA Draft by the Trail Blazers earlier this week, and joined Quentin Richardson and Darius Miles on Players Tribune’s “Knuckleheads” podcast for a conversation.

According to Clingan, he approached Hurley and offered to return to Storrs, but Hurley summarily rejected the offer.



Three Big East stars chosen in top 13 spots in 2024 NBA Draft



“I went into Coach Hurley’s office and I was like, ‘Yo coach I’ll come back, I’ll go for another one.’...

Dan Hurley talked Donovan Clingan out of UConn return: ‘Get the hell out of here’

Philadelphia, PA

As a senior, Edwards averaged 17.9 points and 7.5 rebounds per contest to guide the Panthers to their second consecutive Class 5A state championship and the No. 5 spot in the final MaxPreps Top 25. Edwards earned state player of the year honors and was selected as a third team MaxPreps All-America selection in 2022-23.

NBA Draft: Justin Edwards finished dominant high school career with back-to-back state titles in Pennsylvania

Las Vegas, NV


				













	New York Mets owner Steve Cohen has amassed a new 5.5% stake in Sphere Entertainment, according to a Monday SEC filing. The move aligns Cohen with fellow New York sports team owner, Jim Dolan, whose family has voting control of the Sphere, in addition to the New York Knicks and New York Rangers.Jim Dolan Sees MSG Contract Extended Through 2027




	Cohen’s 1.56 million shares in Sphere, including 582,400 shares of Class A Common Stock issuable upon exercise of options, are owned through his Point72 Asset Management hedge fund and were all bought during the second quarter. The investment was disclosed in...

Steve Cohen Bets on Jim Dolan’s Las Vegas Sphere With 5.5% Stake


				













	Expectations were modest for Nike ahead of its fourth-quarter earnings report, and the company still whiffed on that low bar.Fanatics Unveils NHL Jerseys, Touts Collaborative Approach 




	Wall Street analysts expected flat revenue of $12.86 billion for the three months ending in May, according to S&P Global Market Intelligence, but the company reported revenue of $12.6 billion, down 2%. One bright spot: Earnings per share of $0.99 topped the $0.85 forecast.




	“Our fourth-quarter results highlighted challenges that have led us to update our fiscal ’25 outlook,” Matthew Friend, Nike CFO, said in a statement. “We are taking actions to reposition Nike to be...

Nike Revenue Disappoints, but Jordan Brand Hits $7B for Year

Things may be quiet on the Ohio State basketball front when it comes to seeing anything in public, but make no doubt, the team is working hard off the court and behind the scenes to prepare for the start of the 2024-2025 season that begins in the late fall. In...

WATCH: Ohio State basketball team goes through offseason workouts


				













	The Professional Sports Authenticator (PSA) Vault for trading cards went live Monday afternoon, the result of a deal that saw eBay’s card vault absorbed by PSA. The main goal of the PSA Vault is to simplify the grading-to-selling process for trading card collectors.Michael Jordan Card Sells for $2.9M, a Record for His Cards




	In April, PSA acquired eBay’s card vault as part of a series of transactions that formally closed in May. Financial terms were not announced.




	With the launch, collectors can submit a card to PSA for grading and then decide whether they want to list it on eBay, keep it...

PSA Trading Card Vault Opens With Goal of Simpler Transactions

Jacksonville, FL

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Jacksonville Today

Jaguars quarterback Trevor Lawrence and his wife, Marissa, are expecting a baby. The couple posted pictures on their social media accounts Thursday afternoon with the caption “A little Lawrence on the way.”

A little Lawrence is on the way

New York City, NY

NEW ROCHELLE, N.Y. – Quite the weekend it is shaping up on the hardwood. New York City’s Catholic High Schools Athletic Association was alive this weekend (June 28-20) at Iona Prep. Teams from the Class AA and A divisions were in action with college coaches in attendance to see the best of the best in the Big Apple compete with their high school teams.

New York City’s Catholic High Schools Athletic Association rolls out “Live” event with elite Class AA and A teams in action


				













	Tim Tebow has found purpose on a new playing field: venture capital. The Florida Gators football legend and Heisman Trophy winner is now a partner at GOVO Venture Partners, a venture capital firm based in Winter Park, Fla.Euros and Copa América Are Windows on the World for U.S. Fans




	The former NFL player turned football analyst will use his expertise and relationships across the state to boost the firm, which recently launched its first venture fund (GOVO Fund I) focusing on early-stage companies involved with government entities and government regulations.




	GOVO, whose fund only accepts accredited investors, looks to invest in companies...

Tim Tebow Becomes Partner at Florida Venture Capital Firm


				













	The private equity owners of Kore—an engagement marketing firm that works with hundreds of sports teams, brands and agencies—are exploring a sale of the company, according to multiple people familiar with the process.Yankees, Dodgers Lead MLB's Ratings Charge on Fox and ESPN




	Serent Capital has hired William Blair, a boutique investment bank based in Chicago, to assist with the process, said the people, who were granted anonymity because the details are private. There is no guarantee that a deal is eventually done.




	This isn’t the first time that Serent has sought a buyer. Sources say the group quietly solicited offers for last...

Serent Capital Exploring Sale of Kore Engagement Marketing Firm

Maine State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

Idaho State

Shop with Me Mama

Why Idaho Ranks in the Top 10 States Americans Are Flocking To in 2024. A lot of Idahoans are saying 'Idaho is FULL! Go find somewhere else to live!'. With that said, MANY people and their families are flocking to this state and calling it home.

Why Is Everyone Relocating To Idaho?

Georgia State

The Current GA

People held in Georgia immigrant detention centers will soon face new challenges in their search for lawyers to represent them in immigration court, a development that will likely doom many people’s chances of fighting deportation.

For migrants in Georgia, fighting deportation will become harder. Here’s why.

Colorado State

Denver, CO

David Heitz

The Finance and Governance Committee of the Denver City Council voted Tuesday to ask voters whether the U.S. citizenship requirement for police and firefighters should be dropped.

Committee OKs removing citizenship requirement for police, firefighters in Denver

NewsBreak

NCAA Reports $61.5M in Legal Fees in FY23, Emmert Gets $3.3M


				













	The NCAA spent $61.5 million in legal fees in the year that ended in August 2023, according to the organization’s most recent 990 tax filing, as...

NCAA Reports $61.5M in Legal Fees in FY23, Emmert Gets $3.3M

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