12 hours ago
Dave McMenamin: Luka Doncic is hosting the entire Los Angeles Lakers roster in Slovenia for a four-day minicamp in August, a source close to the Lakers told ESPN. The itinerary will include workouts, golf and some Ljubljana tourism and bonding ahead of training camp.
x.com
No matter where LeBron decides to go, it would be seen as him chasing rings, since almost every team in the league already has stars. "Where does Charles and the legends want LeBron to go? Do they want him to go to the G League? Because if he went to Cleveland, is that team stacked? Is Miami with Bam Adebayo and Giannis Antetokounmpo is that team stacked? Jokic and Jamal Murray is that team stacked? Ant Edwards, Rudy Gobert I don't know; he left Luka Doncic and Austin Reaves is that not? I don't understand the premise of the complaint," Windhorst said in response. — 7/28/2026 basketballnews.com
Shams Charania: "The Heat are among several championship contending teams that are monitoring Klay Thompson's situation and have interest in Klay Thompson potentially via trade or a buyout. Klay Thompson is in the final year of his deal. You know he wants to compete for a championship as a four-time ****** le winner. He signed on with the Mavs a couple years ago to play with Luka Doncic and Kyrie Irving. A lot has changed in Dallas." — 7/27/2026 YouTube
#doncic #league
x.com
No matter where LeBron decides to go, it would be seen as him chasing rings, since almost every team in the league already has stars. "Where does Charles and the legends want LeBron to go? Do they want him to go to the G League? Because if he went to Cleveland, is that team stacked? Is Miami with Bam Adebayo and Giannis Antetokounmpo is that team stacked? Jokic and Jamal Murray is that team stacked? Ant Edwards, Rudy Gobert I don't know; he left Luka Doncic and Austin Reaves is that not? I don't understand the premise of the complaint," Windhorst said in response. — 7/28/2026 basketballnews.com
Shams Charania: "The Heat are among several championship contending teams that are monitoring Klay Thompson's situation and have interest in Klay Thompson potentially via trade or a buyout. Klay Thompson is in the final year of his deal. You know he wants to compete for a championship as a four-time ****** le winner. He signed on with the Mavs a couple years ago to play with Luka Doncic and Kyrie Irving. A lot has changed in Dallas." — 7/27/2026 YouTube
#doncic #league
2 days ago
Former women's basketball coach Amaka Agugua-Hamilton says she has reached a settlement with the University of Virginia after her sudden firing on April 5, a week after leading the Cavaliers to the Sweet 16 of the NCAA Tournament for the first time since 2000.
Details of the settlement were not made public. Agugua-Hamilton shared a statement about it on her Instagram account after the ****** ociated Press published a story about the settlement.
Agugua-Hamilton and her representatives did not immediately respond to a request for comment. A spokesperson for Virginia declined to comment.
USA TODAY Sports previously reported that Agugua-Hamilton — widely known in and outside the program as "Coach Mox" — had been the subject of an internal investigation and there were allegations of staff mistreatment within the program, according to four people with knowledge of the situation.
According to a copy of Agugua-Hamilton's contract obtained by USA TODAY Sports, Virginia owed her a sizable buyout if she was terminated without cause. The contract stipulates that Virginia would have to pay her the remaining amount of her base salary, 80% of supplemental compensation, 80% of royalties and any bonuses earned, but not yet received. According to the figures outlined in her contract — which ran through the 2027-28 season — Agugua-Hamilton would have been owed about $1.3 million.
#virginia #coach
Details of the settlement were not made public. Agugua-Hamilton shared a statement about it on her Instagram account after the ****** ociated Press published a story about the settlement.
Agugua-Hamilton and her representatives did not immediately respond to a request for comment. A spokesperson for Virginia declined to comment.
USA TODAY Sports previously reported that Agugua-Hamilton — widely known in and outside the program as "Coach Mox" — had been the subject of an internal investigation and there were allegations of staff mistreatment within the program, according to four people with knowledge of the situation.
According to a copy of Agugua-Hamilton's contract obtained by USA TODAY Sports, Virginia owed her a sizable buyout if she was terminated without cause. The contract stipulates that Virginia would have to pay her the remaining amount of her base salary, 80% of supplemental compensation, 80% of royalties and any bonuses earned, but not yet received. According to the figures outlined in her contract — which ran through the 2027-28 season — Agugua-Hamilton would have been owed about $1.3 million.
#virginia #coach
5 days ago
Chris Haynes: Kentavious Caldwell-Pope and Memphis Grizzlies are negotiating a buyout and the veteran 3-&-D specialist intends to team back up with LeBron James and sign with the Philadelphia 76ers, league sources tell me.
This article originally appeared on Hoops Hype: Kentavious Caldwell-Pope negotiating Grizzlies buyout to join Sixers
#chris
This article originally appeared on Hoops Hype: Kentavious Caldwell-Pope negotiating Grizzlies buyout to join Sixers
#chris
5 days ago
MEMPHIS, TENNESSEE - NOVEMBER 07: Kentavious Caldwell-Pope #3 of the Memphis Grizzlies handles the ball against the Dallas Mavericks during the second half of the 2025-2026 Emirates NBA Cup game at FedExForum on November 07, 2025 in Memphis, Tennessee. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Wes Hale/Getty Images)
LOS ANGELES, CA - DECEMBER 25: Marc Gasol #14 ; LeBron James #23 and Kentavious Caldwell-Pope #1 of the Los Angeles Lakers while paying the Dallas Mavericks at Staples Center on December 25, 2020 in Los Angeles, California. (Photo by John McCoy/Getty Images)
LAKE BUENA VISTA, FLORIDA - OCTOBER 06: Kentavious Caldwell-Pope #1 of the Los Angeles Lakers reacts to a three point basket during the second quarter against the Miami Heat in Game Four of the 2020 NBA Finals at AdventHealth Arena at the ESPN Wide World Of Sports Complex on October 6, 2020 in Lake Buena Vista, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. **** /Getty Images)
On Friday night, Chris Haynes of NBA on Prime reported the news that Kentavious Caldwell-Pope and the Memphis Grizzlies are working on a buyout.
He would then join the Philadelphia 76ers as a free agent.
#memphis
LOS ANGELES, CA - DECEMBER 25: Marc Gasol #14 ; LeBron James #23 and Kentavious Caldwell-Pope #1 of the Los Angeles Lakers while paying the Dallas Mavericks at Staples Center on December 25, 2020 in Los Angeles, California. (Photo by John McCoy/Getty Images)
LAKE BUENA VISTA, FLORIDA - OCTOBER 06: Kentavious Caldwell-Pope #1 of the Los Angeles Lakers reacts to a three point basket during the second quarter against the Miami Heat in Game Four of the 2020 NBA Finals at AdventHealth Arena at the ESPN Wide World Of Sports Complex on October 6, 2020 in Lake Buena Vista, Florida. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Kevin C. **** /Getty Images)
On Friday night, Chris Haynes of NBA on Prime reported the news that Kentavious Caldwell-Pope and the Memphis Grizzlies are working on a buyout.
He would then join the Philadelphia 76ers as a free agent.
#memphis
5 days ago
Kentavious Caldwell-Pope won his first ring next to LeBron James, now he is headed to Philadelphia to try and do it again.
Caldwell-Pope and the Grizzlies are working out a buyout, and once the veteran wing clears waivers, he intends to sign with the Philadelphia 76ers, reports NBA insider Chris Haynes.
KCP moving on from Memphis is not a surprise. He was brought in while the team still had Ja Morant and Jaren Jackson Jr. and was looking to win. With the Grizzlies pivoting to a youth movement — plus they are dealing with a roster crunch — it makes sense to buy out KCP, who is set to make $ 21.6 million this season. (KCP likely gives the Grizzlies a discount of exactly how much he can sign with the 76ers for.)
Caldwell-Pope was a key part of the Lakers' **** le run in the bubble, and three years later became a starter for the Denver team that won a **** le behind Nikola Jokic.
However, the past couple of seasons his game has slipped. Last season in Memphis, he averaged just 8.4 points a game and shot 31.6% from 3-point range. He was out from February on after having surgery to adjust a misaligned pinky finger on his right hand.
#philadelphia #sign #title
Caldwell-Pope and the Grizzlies are working out a buyout, and once the veteran wing clears waivers, he intends to sign with the Philadelphia 76ers, reports NBA insider Chris Haynes.
KCP moving on from Memphis is not a surprise. He was brought in while the team still had Ja Morant and Jaren Jackson Jr. and was looking to win. With the Grizzlies pivoting to a youth movement — plus they are dealing with a roster crunch — it makes sense to buy out KCP, who is set to make $ 21.6 million this season. (KCP likely gives the Grizzlies a discount of exactly how much he can sign with the 76ers for.)
Caldwell-Pope was a key part of the Lakers' **** le run in the bubble, and three years later became a starter for the Denver team that won a **** le behind Nikola Jokic.
However, the past couple of seasons his game has slipped. Last season in Memphis, he averaged just 8.4 points a game and shot 31.6% from 3-point range. He was out from February on after having surgery to adjust a misaligned pinky finger on his right hand.
#philadelphia #sign #title
5 days ago
BRUSSELS, July 23 (Reuters) - A group of investors including Saudi Arabia's Public Investment Fund has secured EU antitrust approval for its $55 billion acquisition of video game developer Electronic Arts, the European Commission said on Thursday.
Saudi Arabia's $1 trillion wealth fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake announced the deal, the largest leveraged buyout in history, in September last year.
The Commission, which acts as the EU competition enforcer and had examined the deal under its merger rules, said the acquisition would not raise competition concerns, confirming a Reuters story.
The EU executive is also scrutinising the deal under its Foreign Subsidies Regulation (FSR) aimed at preventing unfair non-EU subsidies granted to companies looking to acquire rivals in the 27-country bloc and is seen as a bigger hurdle.
PIF is also expected to win EU clearance under EU subsidy rules, people familiar with the matter told Reuters last week. The Commission's decision is due by July 30.
#reuters #fund #Competition
Saudi Arabia's $1 trillion wealth fund, Jared Kushner's Affinity Partners and private equity firm Silver Lake announced the deal, the largest leveraged buyout in history, in September last year.
The Commission, which acts as the EU competition enforcer and had examined the deal under its merger rules, said the acquisition would not raise competition concerns, confirming a Reuters story.
The EU executive is also scrutinising the deal under its Foreign Subsidies Regulation (FSR) aimed at preventing unfair non-EU subsidies granted to companies looking to acquire rivals in the 27-country bloc and is seen as a bigger hurdle.
PIF is also expected to win EU clearance under EU subsidy rules, people familiar with the matter told Reuters last week. The Commission's decision is due by July 30.
#reuters #fund #Competition
5 days ago
Heat Central: The Miami Heat will shift their focus to DeMar DeRozan, Bradley Beal, and Klay Thompson after missing out on LeBron James, per ShamsCharania "They had a very compelling pitch…. Now they'll shift their focus to players like DeMar DeRozan, Bradley Beal, and could you find a player like Klay Thompson on the buyout market"
This article originally appeared on Hoops Hype: "They had a very compelling pitch…. Now they'll shift …
#klay #thompson #compelling
This article originally appeared on Hoops Hype: "They had a very compelling pitch…. Now they'll shift …
#klay #thompson #compelling
5 days ago
Like most college sports administrators, TCU athletic director Mike Buddie thinks there should be an enforceable salary cap for players in college sports.
But he doesn't think they should be the only ones.
"I think athletic directors should make a capped salary. I think coaches should make a capped salary," Buddie said during an interview with Front Office Sports. "And I think student-athletes should be in the room helping make these decisions."
In college football, coaching salaries—as well as coaching buyouts—have ballooned.
Currently, the highest-paid coaches are Indiana's Curt Cignetti, Georgia's Kirby Smart, and LSU's Lane Kiffin, whose annual salaries all exceed $13 million per year. Athletic directors don't make nearly as much, but—particularly in the power conferences—they can take home more than $1 million per year.
#make
But he doesn't think they should be the only ones.
"I think athletic directors should make a capped salary. I think coaches should make a capped salary," Buddie said during an interview with Front Office Sports. "And I think student-athletes should be in the room helping make these decisions."
In college football, coaching salaries—as well as coaching buyouts—have ballooned.
Currently, the highest-paid coaches are Indiana's Curt Cignetti, Georgia's Kirby Smart, and LSU's Lane Kiffin, whose annual salaries all exceed $13 million per year. Athletic directors don't make nearly as much, but—particularly in the power conferences—they can take home more than $1 million per year.
#make
5 days ago
July 23 (Reuters) - Amnon Shashua, CEO of Mobileye since founding it in 1999, will step down, just as the autonomous-driving technology firm makes a big push into a robotaxi service and robotics.
The company also forecast a 5% to 6% revenue drop for the third quarter, overshadowing its strong April-June showing and sending shares down about 15% in their steepest single-day drop since August 2024.
Shashua's resignation marks Mobileye's biggest leadership change, coming after he steered the firm through a $15.3 billion buyout by Intel in 2017 and a 2022 return to public markets, though the stock has fallen 60% since the debut on uneven demand.
Shashua did not give a reason for his resignation, but said that it was the "right moment to establish the leadership structure that will be best suited for Mobileye's next chapter."
He will step down once Mobileye appoints a successor and has been offered the role of chairman and will stay on as a director.
#drop #resignation
The company also forecast a 5% to 6% revenue drop for the third quarter, overshadowing its strong April-June showing and sending shares down about 15% in their steepest single-day drop since August 2024.
Shashua's resignation marks Mobileye's biggest leadership change, coming after he steered the firm through a $15.3 billion buyout by Intel in 2017 and a 2022 return to public markets, though the stock has fallen 60% since the debut on uneven demand.
Shashua did not give a reason for his resignation, but said that it was the "right moment to establish the leadership structure that will be best suited for Mobileye's next chapter."
He will step down once Mobileye appoints a successor and has been offered the role of chairman and will stay on as a director.
#drop #resignation
7 days ago
Utz Brands (NYSE:UTZ), a snack foods producer, closed at $14.06, up 88.72%. The stock surged after Utz announced a definitive agreement to be taken private in a $2.9 billion all-cash deal. It may only be an arbitrage play now, but there's still a lesson for all investors.
Trading volume reached 60.6 million shares, coming in about 2,000% above its three-month average of 2.9 million shares. Utz Brands IPO'd in 2018 and has grown 46% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,509, up 0.89%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 25,837, up 1.29%. In packaged food — savory snack foods and salty snack manufacturing, The Campbell's Company (NASDAQ:CPB) closed at $22.34, up 1.13%, while Mondelez International (NASDAQ:MDLZ) closed at $59.86, down 0.68%, as investors weighed the Utz take-private deal against broader snack-category trading.
Utz shares soared after the company announced an all-cash buyout by Germany's Intersnack Group. The $14.25 per share buyout price represented a 91% premium over yesterday's closing price.
While it may be too late to benefit directly from the Utz buyout, it provides an important lesson investors can learn from.
Utz went public nearly six years ago at $10 per share. It's been a tough ride for shareholders since then, but there have been recent positive signs, with adjusted free cash flow improving in Q1 and guidance suggesting it should continue.
#NASDAQ #buyout #company
Trading volume reached 60.6 million shares, coming in about 2,000% above its three-month average of 2.9 million shares. Utz Brands IPO'd in 2018 and has grown 46% since going public.
The S&P 500 (SNPINDEX:^GSPC) closed at 7,509, up 0.89%, while the Nasdaq Composite (NASDAQINDEX:^IXIC) finished at 25,837, up 1.29%. In packaged food — savory snack foods and salty snack manufacturing, The Campbell's Company (NASDAQ:CPB) closed at $22.34, up 1.13%, while Mondelez International (NASDAQ:MDLZ) closed at $59.86, down 0.68%, as investors weighed the Utz take-private deal against broader snack-category trading.
Utz shares soared after the company announced an all-cash buyout by Germany's Intersnack Group. The $14.25 per share buyout price represented a 91% premium over yesterday's closing price.
While it may be too late to benefit directly from the Utz buyout, it provides an important lesson investors can learn from.
Utz went public nearly six years ago at $10 per share. It's been a tough ride for shareholders since then, but there have been recent positive signs, with adjusted free cash flow improving in Q1 and guidance suggesting it should continue.
#NASDAQ #buyout #company
7 days ago
A former Ohio State legend looks like he will be on the move.
According to a Yahoo Sports report, the Memphis Grizzlies and D'Angelo Russell are in discussions to work together to let the veteran guard find a new home.
The Memphis Grizzlies are undergoing a rebuild after the trade of their star Ja Morant this offseason and it does not seem to be a timeline fit with Russell. The sides are discussing a potential buyout agreement or possibly trade. A potential move would have Russell land with his fourth team in two seasons.
Russell was traded to the Grizzlies in a six-team trade earlier in the offseason. He spent time with the Dallas Mavericks and Washington Wizards last season.
Russell, 30, appeared in 25 games for Dallas in 2025-26. He chose to opt-in to the final year of his contract which was for $6 million dollars.
#grizzlies #trade
According to a Yahoo Sports report, the Memphis Grizzlies and D'Angelo Russell are in discussions to work together to let the veteran guard find a new home.
The Memphis Grizzlies are undergoing a rebuild after the trade of their star Ja Morant this offseason and it does not seem to be a timeline fit with Russell. The sides are discussing a potential buyout agreement or possibly trade. A potential move would have Russell land with his fourth team in two seasons.
Russell was traded to the Grizzlies in a six-team trade earlier in the offseason. He spent time with the Dallas Mavericks and Washington Wizards last season.
Russell, 30, appeared in 25 games for Dallas in 2025-26. He chose to opt-in to the final year of his contract which was for $6 million dollars.
#grizzlies #trade
7 days ago
Grizzlies point guard D'Angelo Russell is not believed to be a long-term piece in Memphis, with both sides expected to work together toward a resolution that would allow the 30-year-old to find a new home at some point this offseason — whether via a buyout agreement or a trade — sources tell Yahoo Sports.
Yahoo! Sports
This article originally appeared on Hoops Hype: Grizzlies, D'Angelo Russell expected to part ways
#guard
Yahoo! Sports
This article originally appeared on Hoops Hype: Grizzlies, D'Angelo Russell expected to part ways
#guard
7 days ago
However, he has not yet received an offer from any franchise nor has he paid the buyout . And that last detail seems crucial. The ACB collective bargaining agreement stipulates that the notification must be made at the same time as the buyout clause is paid, something that hasn't been done . To try and resolve this issue, according to MARCA, Hezonja's representatives have contacted Real Madrid offering to increase the amount to be paid to release the player.
Marca.com
This article originally appeared on Hoops Hype: The ACB collective bargaining agreement stipulates …
#collective #however #madrid
Marca.com
This article originally appeared on Hoops Hype: The ACB collective bargaining agreement stipulates …
#collective #however #madrid
7 days ago
Grizzlies point guard D’Angelo Russell is not believed to be a long-term piece in Memphis, with both sides expected to work together toward a resolution that would allow the 30-year-old to find a new home at some point this offseason — whether via a buyout agreement or a trade — sources tell Yahoo Sports.
Russell, who appeared in just 25 games last season in Dallas, arrived in Memphis earlier this month as part of an expansive six-team deal involving Milwaukee, Washington, Dallas, the LA Clippers and Detroit. The trade also sent center Isaiah Stewart, guard AJ Johnson, three future second-round picks, a conditional first-round pick and a second-round swap to the Grizzlies.
The veteran guard was ****** umed to be part of a ball-handling group in Dallas last season designed to ****** ist in the development of then-rookie Cooper Flagg, but started just three games — seemingly falling out of favor with former head coach Jason Kidd amid options like Ryan Nembhard and Brandon Williams. Russell, who was later traded to the Wizards at the February trade deadline and opted into the final year of his contract ($6 million) in June, would be potentially joining his fourth team in a span of two years.
Russell’s timeline — an experienced player with over 30 playoff games — simply doesn’t align with a rebuilding Grizzlies franchise seeking young, developmental talent centered around a core of Cedric Coward, Zach Edey and recent No. 3 pick Cameron Boozer. Coward and Boozer impressed in Vegas during summer league, with Coward averaging 19 points, 7 ****** ists and 4 rebounds and Boozer finishing the campaign earning first-team honors — and with the Grizzlies reaching the championship game. Memphis is also dealing with a roster crunch after an eventful summer, with 21 players currently on the roster (including Javon Small and Jahmai Mashack who are on two-way contracts).
The next question for Russell at this stage of the offseason will be finding a situation outside of Memphis where his skill set fits with an already established ecosystem. At a glance, his career stats paint the picture of a more-than-capable floor general — 17 points, 3.3 rebounds and 5.6 ****** ists on .427/.363/.793 splits — but his recent inconsistency requires a larger lens. When Russell has dominated the ball, he’s been shown to be a quality creator who threads the needle well between usage, playmaking and scoring prowess. The challenge for him, at least over the course of his recent stops with the Lakers, Nets and Mavericks has been dealing with efficiency under the umbrella of shot distribution and overall pecking order — along with remaining effective on the defensive end.
#memphis #dallas #boozer
Russell, who appeared in just 25 games last season in Dallas, arrived in Memphis earlier this month as part of an expansive six-team deal involving Milwaukee, Washington, Dallas, the LA Clippers and Detroit. The trade also sent center Isaiah Stewart, guard AJ Johnson, three future second-round picks, a conditional first-round pick and a second-round swap to the Grizzlies.
The veteran guard was ****** umed to be part of a ball-handling group in Dallas last season designed to ****** ist in the development of then-rookie Cooper Flagg, but started just three games — seemingly falling out of favor with former head coach Jason Kidd amid options like Ryan Nembhard and Brandon Williams. Russell, who was later traded to the Wizards at the February trade deadline and opted into the final year of his contract ($6 million) in June, would be potentially joining his fourth team in a span of two years.
Russell’s timeline — an experienced player with over 30 playoff games — simply doesn’t align with a rebuilding Grizzlies franchise seeking young, developmental talent centered around a core of Cedric Coward, Zach Edey and recent No. 3 pick Cameron Boozer. Coward and Boozer impressed in Vegas during summer league, with Coward averaging 19 points, 7 ****** ists and 4 rebounds and Boozer finishing the campaign earning first-team honors — and with the Grizzlies reaching the championship game. Memphis is also dealing with a roster crunch after an eventful summer, with 21 players currently on the roster (including Javon Small and Jahmai Mashack who are on two-way contracts).
The next question for Russell at this stage of the offseason will be finding a situation outside of Memphis where his skill set fits with an already established ecosystem. At a glance, his career stats paint the picture of a more-than-capable floor general — 17 points, 3.3 rebounds and 5.6 ****** ists on .427/.363/.793 splits — but his recent inconsistency requires a larger lens. When Russell has dominated the ball, he’s been shown to be a quality creator who threads the needle well between usage, playmaking and scoring prowess. The challenge for him, at least over the course of his recent stops with the Lakers, Nets and Mavericks has been dealing with efficiency under the umbrella of shot distribution and overall pecking order — along with remaining effective on the defensive end.
#memphis #dallas #boozer
7 days ago
Medicare sets premiums using your MAGI from two years prior, so a $350,000 pension lump sum can spike Part B costs from $203 to $649 monthly.
IRMAA surcharges act as cliffs, where crossing a threshold by just $1 triggers the full penalty and costs Frank roughly $6,400 in a single year.
A trustee-to-trustee IRA rollover keeps a pension buyout out of MAGI entirely, spreading taxable income over years to stay below IRMAA thresholds.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
He retired at 65 from a machine parts company that offered him a choice: a monthly pension check for life, or a one-time cash buyout of roughly $350,000. He took the lump sum. It felt safer to control the money himself, and the company had been shaky for years. He rolled some into an IRA, kept a chunk in a taxable brokerage account for a kitchen remodel, and started Social Security at 66.
#monthly
IRMAA surcharges act as cliffs, where crossing a threshold by just $1 triggers the full penalty and costs Frank roughly $6,400 in a single year.
A trustee-to-trustee IRA rollover keeps a pension buyout out of MAGI entirely, spreading taxable income over years to stay below IRMAA thresholds.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
He retired at 65 from a machine parts company that offered him a choice: a monthly pension check for life, or a one-time cash buyout of roughly $350,000. He took the lump sum. It felt safer to control the money himself, and the company had been shaky for years. He rolled some into an IRA, kept a chunk in a taxable brokerage account for a kitchen remodel, and started Social Security at 66.
#monthly
8 days ago
Heat's pursuit of Klay Thompson takes surprise turn amid Mavericks trade buzz originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The Dallas Mavericks are reportedly very open to moving on from veteran Klay Thompson as the franchise continues to reshape its roster. Dallas is believed to be prioritizing its long-term future around rookie sensation Cooper Flagg while also looking to create more opportunities and minutes in the frontcourt and on the wing.
The entire NBA market continues to wait for LeBron James to make his decision. However, according to Anthony Chiang, the Miami Heat's interest in Thompson does not depend on where James ultimately signs. The franchise is expected to pursue the veteran shooter regardless of LeBron's choice.
"Among other shooters available, the Heat continues to hope that the Mavericks buy out Klay Thompson, who's due $17.1 million this season. But Dallas reportedly remains more inclined to try to trade him," the report read.
Reportedly, there is mutual interest between Thompson and the Heat. However, Miami is only expected to pursue the four-time NBA champion if he first reaches a buyout agreement with the Mavericks, allowing him to become a free agent without requiring a trade.
#thompson #reportedly #trade #james
The Dallas Mavericks are reportedly very open to moving on from veteran Klay Thompson as the franchise continues to reshape its roster. Dallas is believed to be prioritizing its long-term future around rookie sensation Cooper Flagg while also looking to create more opportunities and minutes in the frontcourt and on the wing.
The entire NBA market continues to wait for LeBron James to make his decision. However, according to Anthony Chiang, the Miami Heat's interest in Thompson does not depend on where James ultimately signs. The franchise is expected to pursue the veteran shooter regardless of LeBron's choice.
"Among other shooters available, the Heat continues to hope that the Mavericks buy out Klay Thompson, who's due $17.1 million this season. But Dallas reportedly remains more inclined to try to trade him," the report read.
Reportedly, there is mutual interest between Thompson and the Heat. However, Miami is only expected to pursue the four-time NBA champion if he first reaches a buyout agreement with the Mavericks, allowing him to become a free agent without requiring a trade.
#thompson #reportedly #trade #james
8 days ago
Mavericks predicted to flip Klay Thompson for $99M ex-Warriors NBA champion in mega 3-team deal originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The Dallas Mavericks are still evaluating the best direction for their future. The franchise is under new leadership after former general manager Nico Harrison was fired in the middle of last season.
As free agency continues, the Mavericks have reportedly made several players available in trade discussions. With multiple blockbuster deals already taking place around the league, Klay Thompson has emerged as a candidate to be moved.
"Thompson should be angling for a trade to a desirable destination rather than a buyout, albeit he holds less control in the former scenario. The complicated aspect is the 4x NBA champion is still set to make $17.5 million next season, and there might not be too many teams eager on him at that price point," Blue Man Hoops' Peter O'Keefe wrote.
One team that has already been linked to Thompson is the Miami Heat, who have been aggressive this offseason after completing a major trade.
#klay #champion #former
The Dallas Mavericks are still evaluating the best direction for their future. The franchise is under new leadership after former general manager Nico Harrison was fired in the middle of last season.
As free agency continues, the Mavericks have reportedly made several players available in trade discussions. With multiple blockbuster deals already taking place around the league, Klay Thompson has emerged as a candidate to be moved.
"Thompson should be angling for a trade to a desirable destination rather than a buyout, albeit he holds less control in the former scenario. The complicated aspect is the 4x NBA champion is still set to make $17.5 million next season, and there might not be too many teams eager on him at that price point," Blue Man Hoops' Peter O'Keefe wrote.
One team that has already been linked to Thompson is the Miami Heat, who have been aggressive this offseason after completing a major trade.
#klay #champion #former
8 days ago
Intel (INTC) stock rocketed 25% higher in early trading Friday after the company reported better-than-anticipated first quarter earnings and positive Q2 outlook on Thursday, sending shares soaring as much as 15%.
Intel's Data Center segment powered the beats, as the company's central processing units (CPUs) become an increasingly important part of the AI industry.
And while Intel noted it continues to deal with supply constraints, it still expects double-digit growth in the segment for the year. PC chip sales will slow in the back half of 2026.
Elsewhere, Meta (META) will layoff 10% of its workforce, amounting to some 8,000 people. The company also won't fill 6,000 open positions.
The move comes that Microsoft (MSFT) said it will offer certain US employees voluntary buyouts. A person familiar with the matter said the company is targeting roughly 7% of the US workforce.
#workforce #intc
Intel's Data Center segment powered the beats, as the company's central processing units (CPUs) become an increasingly important part of the AI industry.
And while Intel noted it continues to deal with supply constraints, it still expects double-digit growth in the segment for the year. PC chip sales will slow in the back half of 2026.
Elsewhere, Meta (META) will layoff 10% of its workforce, amounting to some 8,000 people. The company also won't fill 6,000 open positions.
The move comes that Microsoft (MSFT) said it will offer certain US employees voluntary buyouts. A person familiar with the matter said the company is targeting roughly 7% of the US workforce.
#workforce #intc
8 days ago
Three years, seven months and 21 days.
That is how long it took for Manchester City to win their first Premier League ****** le following the club's takeover by the Abu Dhabi United Group in 2008.
Memories of such a relatively swift transformation were still fresh in the minds of top-flight executives after Newcastle United's Saudi-led buyout in 2021.
"There was quite a lot of fear in the other clubs because they thought it was going to be another Manchester City," a source said.
The reality proved a little different.
#memories
That is how long it took for Manchester City to win their first Premier League ****** le following the club's takeover by the Abu Dhabi United Group in 2008.
Memories of such a relatively swift transformation were still fresh in the minds of top-flight executives after Newcastle United's Saudi-led buyout in 2021.
"There was quite a lot of fear in the other clubs because they thought it was going to be another Manchester City," a source said.
The reality proved a little different.
#memories
9 days ago
US drug and medical supplies distributor Cardinal Health has simultaneously acquired urology-focused medical supplier Strive Medical and AdaptHealth's diabetes business in a deal duo totalling $360m that is positioned to advance its home care business service provision.
Regarding diabetes, the buyout of AdaptHealth's business unit follows Cardinal's buyout of Advanced Diabetes Supply (ADS) in April 2025.
Meanwhile, the acquisition of Strive Medical follows Cardinal's recent moves to advance its urology provision, with the $1.9bn buyout of Solaris Health in August 2025, Academic Urology & Urogynecology in the same month, and buyouts of Urology America and Potomac Urology in April 2025.
The latest acquisition duo is intended to support the advancement of Cardinal's at-home solutions business while expanding its ability to "deliver high-quality service at scale", the company stated.
"These strategic transactions build on the synergies created by our recent investments in home care," said Cardinal CEO Jason Hollar.
#diabetes
Regarding diabetes, the buyout of AdaptHealth's business unit follows Cardinal's buyout of Advanced Diabetes Supply (ADS) in April 2025.
Meanwhile, the acquisition of Strive Medical follows Cardinal's recent moves to advance its urology provision, with the $1.9bn buyout of Solaris Health in August 2025, Academic Urology & Urogynecology in the same month, and buyouts of Urology America and Potomac Urology in April 2025.
The latest acquisition duo is intended to support the advancement of Cardinal's at-home solutions business while expanding its ability to "deliver high-quality service at scale", the company stated.
"These strategic transactions build on the synergies created by our recent investments in home care," said Cardinal CEO Jason Hollar.
#diabetes
9 days ago
NEW YORK (AP) — A federal judge on Monday ordered Paramount and Warner Bros. Discovery to halt their $81 billion merger for at least two weeks, allowing states that are challenging the deal more time to see their case through in court.
Twelve states, led by California, sued to block Paramount's pending buyout of Warner last week — alleging that such a combination would "extinguish competition" in Hollywood and lead to fewer choices for consumers, particularly moviegoers and cable customers across the U.S.
The states' top prosecutors called on Warner and Paramount to not close the transaction until after a court had time to fully evaluate their claims. And when the companies refused, they filed for a temporary restraining order — which is what District Judge Araceli Martínez-Olguín granted on Monday. That opens the door to a potential preliminary injunction that the states are also seeking to effectively block the deal.
"This is a critical first win in our case to ensure this megamerger never sees the light of day," California Attorney General Rob Bonta said in a statement Monday. "History tells the tale of what happens when a few people have great power over markets that are central to Americans' lives: fewer opportunities for more people, worse products and services for all people."
A Warner-Paramount tie-up would bring together two of the five last legacy studios in Hollywood — as well as a host of TV networks, ****** les filling streaming libraries and news operations. Warner's HBO Max, fan favorites like "Harry Potter" and even CNN would come under the same roof of Paramount-owned CBS, movies like "Top Gun" and the Paramount+ streaming service.
Twelve states, led by California, sued to block Paramount's pending buyout of Warner last week — alleging that such a combination would "extinguish competition" in Hollywood and lead to fewer choices for consumers, particularly moviegoers and cable customers across the U.S.
The states' top prosecutors called on Warner and Paramount to not close the transaction until after a court had time to fully evaluate their claims. And when the companies refused, they filed for a temporary restraining order — which is what District Judge Araceli Martínez-Olguín granted on Monday. That opens the door to a potential preliminary injunction that the states are also seeking to effectively block the deal.
"This is a critical first win in our case to ensure this megamerger never sees the light of day," California Attorney General Rob Bonta said in a statement Monday. "History tells the tale of what happens when a few people have great power over markets that are central to Americans' lives: fewer opportunities for more people, worse products and services for all people."
A Warner-Paramount tie-up would bring together two of the five last legacy studios in Hollywood — as well as a host of TV networks, ****** les filling streaming libraries and news operations. Warner's HBO Max, fan favorites like "Harry Potter" and even CNN would come under the same roof of Paramount-owned CBS, movies like "Top Gun" and the Paramount+ streaming service.
16 days ago
Embattled Michigan athletic director Warde Manuel on Tuesday won't deny that he has had conversations about a possible buyout. But he reiterated that he remains on the job and proud of what he's accomplished.
Manuel appeared on Michigan insider Sam Webb's radio show on WTKZ 1050-AM on Tuesday morning in a long-scheduled interview. The interview came a day after several published reports said his job was in danger.
"Don't believe everything that's out there in the world about what people say," Manuel told Webb. "I don't know what the future holds. I don't know ... what's going to happen. I know what today is, I know what tomorrow's going to be.
"I could happen. I don't know. I don't know what the future is going to be."
Manuel, 58, a former Michigan football player, has been Michigan's athletic director since 2016.
Manuel appeared on Michigan insider Sam Webb's radio show on WTKZ 1050-AM on Tuesday morning in a long-scheduled interview. The interview came a day after several published reports said his job was in danger.
"Don't believe everything that's out there in the world about what people say," Manuel told Webb. "I don't know what the future holds. I don't know ... what's going to happen. I know what today is, I know what tomorrow's going to be.
"I could happen. I don't know. I don't know what the future is going to be."
Manuel, 58, a former Michigan football player, has been Michigan's athletic director since 2016.
17 days ago
Michigan athletic director Warde Manuel's time in Ann Arbor might be coming to an end. Manuel's future with the school is in doubt in the wake of an internal investigation into the saga around football head coach Sherrone Moore's firing in December, sources told Yahoo Sports' Ross Dellenger.
Manuel, who was hired as the school's AD in 2016, has overseen a number of recent scandals, but signed a five-year extension in 2024. That extension, which currently runs through 2030, earns him more than $2 million per year; a buyout would require 36 months of severance pay unless a settlement is reached.
An announcement on Manuel's future is expected later this week, with the Michigan Regents set to meet for a board meeting on Thursday.
In December, Moore was arrested by police and fired by Michigan for an "inappropriate relationship" with a staff member. He was later charged with felony home invasion.
Moore's lawyers reached a plea deal in March, with the former coach set to serve no jail time as part of the deal. The staffer, Paige Shiver, told Good Morning America in April that the other coaches knew about their relationship, and that she was tasked with keeping Moore's emotions in check.
Manuel, who was hired as the school's AD in 2016, has overseen a number of recent scandals, but signed a five-year extension in 2024. That extension, which currently runs through 2030, earns him more than $2 million per year; a buyout would require 36 months of severance pay unless a settlement is reached.
An announcement on Manuel's future is expected later this week, with the Michigan Regents set to meet for a board meeting on Thursday.
In December, Moore was arrested by police and fired by Michigan for an "inappropriate relationship" with a staff member. He was later charged with felony home invasion.
Moore's lawyers reached a plea deal in March, with the former coach set to serve no jail time as part of the deal. The staffer, Paige Shiver, told Good Morning America in April that the other coaches knew about their relationship, and that she was tasked with keeping Moore's emotions in check.
20 days ago
Michigan State athletics is undergoing a massive overhaul. After spending just over 400 days on the job, J Batt is leaving his post as athletic director in East Lansing to take over Kentucky's athletic director position. Recently, a buyout from Kentucky to MSU has been paid, and Batt has been given a start date of July 28.
With change now inevitable, Michigan State President Kevin Guskiewicz has named an interim athletic director, giving the role to Jon Palumbo.
Palumbo has served as Michigan State's Executive Deputy Athletic Director and Chief Operating Officer, while also playing a key role in the launch of Spartan Ventures, serving as CEO. In his career, Palumbo started as an ***** ociate AD at American, Maryland and VCU before getting his first AD job with Texas A&M-Corpus Christi. Spending 2018-2022 with TAMU-CC, he led the school to some of it's most successful years in history. Following his tenure there, and joining MSU, he served as the executive deputy athletics director and chief operating officer at Georgia Tech.
A national search will begin for the next Michigan State athletic director, but getting this role as interim will be a great interview for Palumbo's efforts to get the permanent job.
Contact/Follow us The SpartansWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Michigan State news, notes and opinion. You can also follow Cory Linsner on X Rex_Linzy
With change now inevitable, Michigan State President Kevin Guskiewicz has named an interim athletic director, giving the role to Jon Palumbo.
Palumbo has served as Michigan State's Executive Deputy Athletic Director and Chief Operating Officer, while also playing a key role in the launch of Spartan Ventures, serving as CEO. In his career, Palumbo started as an ***** ociate AD at American, Maryland and VCU before getting his first AD job with Texas A&M-Corpus Christi. Spending 2018-2022 with TAMU-CC, he led the school to some of it's most successful years in history. Following his tenure there, and joining MSU, he served as the executive deputy athletics director and chief operating officer at Georgia Tech.
A national search will begin for the next Michigan State athletic director, but getting this role as interim will be a great interview for Palumbo's efforts to get the permanent job.
Contact/Follow us The SpartansWire on X (formerly Twitter) and like our page on Facebook to follow ongoing coverage of Michigan State news, notes and opinion. You can also follow Cory Linsner on X Rex_Linzy
20 days ago
Michigan State athletics has new temporary leadership.
MSU President Kevin Guskiewicz named Jon Palumbo as interim athletic director on Friday, July 10. He will replace outgoing AD J Batt to run the department until a permanent replacement can be hired. The move is effective immediately, according to Matt Larson, MSU's senior vice president of communications.
"Jon has been an integral part of the innovation of MSU Athletics over the past year, and I have every confidence in his ability to maintain its positive trajectory as interim athletic director," Guskiewicz said in a statement. "This will be a seamless transition for MSU Athletics, and we look forward to a successful start of the upcoming season for our programs and student-athletes."
Batt, whose hiring was approved by MSU's Board of Trustees on June 13, 2025 and whose first day of work was four days later, took the job at Kentucky on Monday, June 15 and will officially begin his new position July 28 in Lexington, Kentucky. MSU will receive a $3.95 million contract buyout from Kentucky for Batt leaving.
Guskiewicz lured Batt away from Georgia Tech last spring, but Batt quickly found a new home less than three weeks after Guskiewicz announced May 27 he would be leaving MSU to take the president position at Clemson. However, Guskiewicz announced Monday he would remain as MSU's president.
MSU President Kevin Guskiewicz named Jon Palumbo as interim athletic director on Friday, July 10. He will replace outgoing AD J Batt to run the department until a permanent replacement can be hired. The move is effective immediately, according to Matt Larson, MSU's senior vice president of communications.
"Jon has been an integral part of the innovation of MSU Athletics over the past year, and I have every confidence in his ability to maintain its positive trajectory as interim athletic director," Guskiewicz said in a statement. "This will be a seamless transition for MSU Athletics, and we look forward to a successful start of the upcoming season for our programs and student-athletes."
Batt, whose hiring was approved by MSU's Board of Trustees on June 13, 2025 and whose first day of work was four days later, took the job at Kentucky on Monday, June 15 and will officially begin his new position July 28 in Lexington, Kentucky. MSU will receive a $3.95 million contract buyout from Kentucky for Batt leaving.
Guskiewicz lured Batt away from Georgia Tech last spring, but Batt quickly found a new home less than three weeks after Guskiewicz announced May 27 he would be leaving MSU to take the president position at Clemson. However, Guskiewicz announced Monday he would remain as MSU's president.
20 days ago
Michigan State athletics has new temporary leadership.
MSU President Kevin Guskiewicz named Jon Palumbo as interim athletic director on Friday, July 10. He will replace outgoing AD J Batt to run the department until a permanent replacement can be hired. The move is effective immediately, according to Matt Larson, MSU's senior vice president of communications.
"Jon has been an integral part of the innovation of MSU Athletics over the past year, and I have every confidence in his ability to maintain its positive trajectory as interim athletic director," Guskiewicz said in a statement. "This will be a seamless transition for MSU Athletics, and we look forward to a successful start of the upcoming season for our programs and student-athletes."
Batt, whose hiring was approved by MSU's Board of Trustees on June 13, 2025 and whose first day of work was four days later, took the job at Kentucky on Monday, June 15 and will officially begin his new position July 28 in Lexington, Kentucky. MSU will receive a $3.95 million contract buyout from Kentucky for Batt leaving.
Guskiewicz lured Batt away from Georgia Tech last spring, but Batt quickly found a new home less than three weeks after Guskiewicz announced May 27 he would be leaving MSU to take the president position at Clemson. However, Guskiewicz announced Monday he would remain as MSU's president.
MSU President Kevin Guskiewicz named Jon Palumbo as interim athletic director on Friday, July 10. He will replace outgoing AD J Batt to run the department until a permanent replacement can be hired. The move is effective immediately, according to Matt Larson, MSU's senior vice president of communications.
"Jon has been an integral part of the innovation of MSU Athletics over the past year, and I have every confidence in his ability to maintain its positive trajectory as interim athletic director," Guskiewicz said in a statement. "This will be a seamless transition for MSU Athletics, and we look forward to a successful start of the upcoming season for our programs and student-athletes."
Batt, whose hiring was approved by MSU's Board of Trustees on June 13, 2025 and whose first day of work was four days later, took the job at Kentucky on Monday, June 15 and will officially begin his new position July 28 in Lexington, Kentucky. MSU will receive a $3.95 million contract buyout from Kentucky for Batt leaving.
Guskiewicz lured Batt away from Georgia Tech last spring, but Batt quickly found a new home less than three weeks after Guskiewicz announced May 27 he would be leaving MSU to take the president position at Clemson. However, Guskiewicz announced Monday he would remain as MSU's president.
20 days ago
The NBA offseason can turn unforeseen scenarios into realistic possibilities, particularly after a frenzied start to free agency.
At this point, one four-time NBA champion’s future remains unsettled, prompting a league insider to advise teams to keep a close eye on the situation.
Klay Thompson’s future with the Dallas Mavericks appears uncertain as he tries to compete for his fifth ****** le. As the Mavericks continue their rebuild around Cooper Flagg, the 36-year-old sharpshooter could eye a better win-now destination.
Speaking at the NBA Summer League in Las Vegas, insider Marc Stein shared intel on what the future could hold for Thompson.
”I’ve also fielded questions, ‘Is Klay a buyout candidate?’ To this point, as much has been relayed to me is that I think the Mavs’ preference would be a trade. It’s still early enough in the summer that I think if you’re the Mavs, you would exhaust those options first, but we’ve gotta keep an eye on it,” Stein said.
At this point, one four-time NBA champion’s future remains unsettled, prompting a league insider to advise teams to keep a close eye on the situation.
Klay Thompson’s future with the Dallas Mavericks appears uncertain as he tries to compete for his fifth ****** le. As the Mavericks continue their rebuild around Cooper Flagg, the 36-year-old sharpshooter could eye a better win-now destination.
Speaking at the NBA Summer League in Las Vegas, insider Marc Stein shared intel on what the future could hold for Thompson.
”I’ve also fielded questions, ‘Is Klay a buyout candidate?’ To this point, as much has been relayed to me is that I think the Mavs’ preference would be a trade. It’s still early enough in the summer that I think if you’re the Mavs, you would exhaust those options first, but we’ve gotta keep an eye on it,” Stein said.
20 days ago
J Batt’s new job start date and the terms of his contract buyout are set. His departure from Michigan State’s athletic department remains unclear.
Batt will take over officially as Kentucky athletic director on July 28. According to his new school, UK will pay MSU a $3.95 million buyout for breaking the six-year, $12.6 million-plus contract Batt signed last year when he was hired by MSU.
A source with knowledge of the situation told the Free Press the terms of the buyout were negotiated down from the $5 million MSU was owed with Batt’s contract. MSU spokesman Matt Larson later confirmed the terms. That deal had an escape clause that cut his buyout in half if MSU President Kevin Guskiewicz were to depart, but Guskiewicz announced Monday that he would remain in East Lansing rather than taking the job at Clemson he initially accepted May 27.
READY FOR THE FALL: Michigan State basketball will face Marquette in exhibition game
Emily Gerkin Guerrant, MSU’s vice president and chief communications officer, told the Free Press on Monday that Batt remains an employee and is reporting to work at the school. No departure date has been determined, she said, but she expected that to be finalized soon.
Batt will take over officially as Kentucky athletic director on July 28. According to his new school, UK will pay MSU a $3.95 million buyout for breaking the six-year, $12.6 million-plus contract Batt signed last year when he was hired by MSU.
A source with knowledge of the situation told the Free Press the terms of the buyout were negotiated down from the $5 million MSU was owed with Batt’s contract. MSU spokesman Matt Larson later confirmed the terms. That deal had an escape clause that cut his buyout in half if MSU President Kevin Guskiewicz were to depart, but Guskiewicz announced Monday that he would remain in East Lansing rather than taking the job at Clemson he initially accepted May 27.
READY FOR THE FALL: Michigan State basketball will face Marquette in exhibition game
Emily Gerkin Guerrant, MSU’s vice president and chief communications officer, told the Free Press on Monday that Batt remains an employee and is reporting to work at the school. No departure date has been determined, she said, but she expected that to be finalized soon.
20 days ago
Michigan State is making a million dollars less on the buyout for Kentucky-bound athletic director J Batt.
But for the first time since he announced his impending departure June 15, Michigan State knows when his last day will be.The University of Kentucky announced Thursday evening that Batt will start as its new athletic director July 28, more than a month after he initially accepted the job. Kentucky also announced that it will pay a $3.95 million buyout to Michigan State.
Kentucky and Batt agreed to terms June 17 on a six-year deal paying nearly $3 million per year, which ranks Batt top-five among NCAA peers. Since then, he has continued working for Michigan State, and no interim replacement has been named.Because Batt leaves East Lansing before the expiration of his six-year, $12.6 million deal with Michigan State, Batt and Kentucky owe MSU a liquidated buyout.
More: Criticism of Guskiewicz's DEI past emerged before he chose MSU over Clemson
By Batt’s contract, that figure is $5 million, but when President Kevin Guskiewicz was bound for Clemson, an exit clause cut it in half. It was during that period of time that Kentucky and Batt agreed to contract terms.However on Monday, Guskiewicz reneged on his decision to join Clemson, and is now staying at Michigan State. That **** ped the buyout for Batt back up to $5 million.It is believed that the $3.95 million was a negotiated amount between the two schools. The Detroit News reached out to representatives of both schools. Neither has responded yet as of publication.cearegooddetroitnews.com
But for the first time since he announced his impending departure June 15, Michigan State knows when his last day will be.The University of Kentucky announced Thursday evening that Batt will start as its new athletic director July 28, more than a month after he initially accepted the job. Kentucky also announced that it will pay a $3.95 million buyout to Michigan State.
Kentucky and Batt agreed to terms June 17 on a six-year deal paying nearly $3 million per year, which ranks Batt top-five among NCAA peers. Since then, he has continued working for Michigan State, and no interim replacement has been named.Because Batt leaves East Lansing before the expiration of his six-year, $12.6 million deal with Michigan State, Batt and Kentucky owe MSU a liquidated buyout.
More: Criticism of Guskiewicz's DEI past emerged before he chose MSU over Clemson
By Batt’s contract, that figure is $5 million, but when President Kevin Guskiewicz was bound for Clemson, an exit clause cut it in half. It was during that period of time that Kentucky and Batt agreed to contract terms.However on Monday, Guskiewicz reneged on his decision to join Clemson, and is now staying at Michigan State. That **** ped the buyout for Batt back up to $5 million.It is believed that the $3.95 million was a negotiated amount between the two schools. The Detroit News reached out to representatives of both schools. Neither has responded yet as of publication.cearegooddetroitnews.com
20 days ago
J Batt’s new job start date and the terms of his contract buyout are set. His departure from Michigan State’s athletic department remains unclear.
Batt will take over officially as Kentucky athletic director on July 28. According to his new school, UK will pay MSU a $3.95 million buyout for breaking the six-year, $12.6 million-plus contract Batt signed last year when he was hired by MSU.
A source with knowledge of the situation told the Free Press the terms of the buyout were negotiated down from the $5 million MSU was owed with Batt’s contract. That deal had an escape clause that cut his buyout in half if MSU President Kevin Guskiewicz were to depart, but Guskiewicz announced Monday that he would remain in East Lansing rather than taking the job at Clemson he initially accepted May 27.
READY FOR THE FALL: Michigan State basketball will face Marquette in exhibition game
Emily Gerkin Guerrant, MSU’s vice president and chief communications officer, told the Free Press on Monday that Batt remains an employee and is reporting to work at the school. No departure date has been determined, she said, but she expected that to be finalized soon.
Batt will take over officially as Kentucky athletic director on July 28. According to his new school, UK will pay MSU a $3.95 million buyout for breaking the six-year, $12.6 million-plus contract Batt signed last year when he was hired by MSU.
A source with knowledge of the situation told the Free Press the terms of the buyout were negotiated down from the $5 million MSU was owed with Batt’s contract. That deal had an escape clause that cut his buyout in half if MSU President Kevin Guskiewicz were to depart, but Guskiewicz announced Monday that he would remain in East Lansing rather than taking the job at Clemson he initially accepted May 27.
READY FOR THE FALL: Michigan State basketball will face Marquette in exhibition game
Emily Gerkin Guerrant, MSU’s vice president and chief communications officer, told the Free Press on Monday that Batt remains an employee and is reporting to work at the school. No departure date has been determined, she said, but she expected that to be finalized soon.
