6 days ago
EAST LANSING, Mich. (WLNS) — The Michigan State University Board of Trustees officially approved Dan Bartholomae as the school's new athletic director during its meeting on Friday.
Bartholomae comes to MSU from Western Michigan University, where he was the athletic director since 2022.
"The future of college athletics will belong to institutions that embrace innovation while remaining grounded in their mission," MSU President Kevin M. Guskiewicz, Ph.D., said in a release "At Michigan State, that mission is clear: to provide our student-athletes with an experience that prepares them to compete at the highest levels, earn a world-class education and become leaders who make a difference long after their playing days are over. Dan shares that commitment and has the experience, vision and values to lead Spartan Athletics into its next era. We are excited to start this next chapter with him as our leader."
The terms of the contract are unclear. Bartholomae's August 2025 contract with Western Michigan includes a $5.1 million buyout, partly offset by a $3.95 million buyout Michigan State negotiated with Kentucky over J Batt's departure.
Western Michigan won 37 total conference championships and made 35 NCAA postseason appearances during Bartholomae's tenure, and its men's hockey team won the 2025 NCAA championship. He also had success as a fundraiser during his time in Kalamazoo, where he led record-breaking fundraising efforts. Michigan State in a previous news release highlighted that the average annual giving increased by 473% under his tenure, while the number of unique donors increased by 105%.
#university #director
Bartholomae comes to MSU from Western Michigan University, where he was the athletic director since 2022.
"The future of college athletics will belong to institutions that embrace innovation while remaining grounded in their mission," MSU President Kevin M. Guskiewicz, Ph.D., said in a release "At Michigan State, that mission is clear: to provide our student-athletes with an experience that prepares them to compete at the highest levels, earn a world-class education and become leaders who make a difference long after their playing days are over. Dan shares that commitment and has the experience, vision and values to lead Spartan Athletics into its next era. We are excited to start this next chapter with him as our leader."
The terms of the contract are unclear. Bartholomae's August 2025 contract with Western Michigan includes a $5.1 million buyout, partly offset by a $3.95 million buyout Michigan State negotiated with Kentucky over J Batt's departure.
Western Michigan won 37 total conference championships and made 35 NCAA postseason appearances during Bartholomae's tenure, and its men's hockey team won the 2025 NCAA championship. He also had success as a fundraiser during his time in Kalamazoo, where he led record-breaking fundraising efforts. Michigan State in a previous news release highlighted that the average annual giving increased by 473% under his tenure, while the number of unique donors increased by 105%.
#university #director
6 days ago
Deciding whether to take a $400,000 lump sum or monthly pension benefit of $2,000 requires calculating the relative value of each option. Generally speaking, the sooner you can receive the lump sum, the more value it will have since you can invest it over a longer period. The monthly payment option may be more valuable if you expect to live a long time after you start receiving benefits. Other factors include inflation, your additional sources of income and how prudently you can manage a large sum of money. A major financial decision like choosing between a lump sum or monthly payout can benefit from the ******* istance of a financial advisor.
Sometimes companies with pension plans offer current and future retirees the option of receiving a large one-time payment instead of a series of smaller payments usually administered on a monthly basis. These buyouts represent a way for companies to manage their risk while also offering some potential advantages to retirees.
Deciding whether or not to accept a lump sum offer involves evaluating a number of factors. Some of these – such as the dollar amount of the lump sum or the monthly benefit – are clearly specified up front. For other key variables, such as the investment returns that can be expected or future inflation, the ******* sment has to rely on educated guesses about future developments.
Two of the most critical variables are when the lump sum will be paid and how long the employee expects to live. Generally speaking, the sooner the lump sum will be paid, the more value that choice ******* umes. Similarly, the longer the beneficiary expects to live, the more valuable the stream of payments is.
Some of the factors that need to be ******* sed include the beneficiary's current health, the age at which their parents died and the typical lifespan that can be expected by someone of their age and gender.
#lump #value #future
Sometimes companies with pension plans offer current and future retirees the option of receiving a large one-time payment instead of a series of smaller payments usually administered on a monthly basis. These buyouts represent a way for companies to manage their risk while also offering some potential advantages to retirees.
Deciding whether or not to accept a lump sum offer involves evaluating a number of factors. Some of these – such as the dollar amount of the lump sum or the monthly benefit – are clearly specified up front. For other key variables, such as the investment returns that can be expected or future inflation, the ******* sment has to rely on educated guesses about future developments.
Two of the most critical variables are when the lump sum will be paid and how long the employee expects to live. Generally speaking, the sooner the lump sum will be paid, the more value that choice ******* umes. Similarly, the longer the beneficiary expects to live, the more valuable the stream of payments is.
Some of the factors that need to be ******* sed include the beneficiary's current health, the age at which their parents died and the typical lifespan that can be expected by someone of their age and gender.
#lump #value #future
6 days ago
On September 3, AbbVie Inc. (NYSE:ABBV) finalized its acquisition of clinical-stage biotech Apogee Therapeutics, Inc. (NASDAQ:APGE) for $135.11 per share in cash. The $10.9 billion buyouts immediately fold Apogee's promising inflammatory and immunology (I&I) pipeline into AbbVie's commercial engine. On the exact same day, AbbVie separately reported positive Phase 3 Cervino trial results for its bispecific T-cell engager, etentamig, in relapsed/refractory multiple myeloma. Together, the dual catalysts emphasize how mega-cap pharmaceutical giants are deploying cash flow from legacy franchises to lock in next-generation immunology and oncology ***** ets.
In Q2 2026, AbbVie Inc. (NYSE:ABBV) posted $16.99 billion in net revenue, up 10.2% year over year, while adjusted diluted EPS increased 22.9% to $3.65. Growth was driven by its immunology blockbusters, Skyrizi and Rinvoq, which generated $5.505 billion and $2.525 billion in revenue, respectively, representing growth of 24.4% and 24.5%. These gains more than offset the continued decline in Humira revenue, which fell 35.9% to $756 million amid biosimilar competition. AbbVie reiterated its full-year 2026 adjusted EPS guidance of $13.87–$14.07, including a $0.14 dilutive impact from the Apogee transaction.
As a clinical-stage biotech, Apogee Therapeutics, Inc. (NASDAQ:APGE) generated no product revenue in Q2 2026, while R&D expenses reached $67.3 million and G&A expenses totaled $24.3 million, resulting in a quarterly net loss of $85.9 million. Despite the cash burn, the company maintained a strong liquidity position, with $1.3 billion in cash and marketable securities, alongside a $1.3 billion non-dilutive credit collaboration with Blackstone Life Sciences to support Phase 3 trials of its lead ***** et, zumilokibart.
Financially, AbbVie is vastly superior in immediate cash generation and profitability, whereas Apogee represented pure clinical optionality backed by robust liquidity.
For AbbVie, acquiring Apogee's optimized antibody portfolio, including zumilokibart for atopic dermatitis, strengthens its post-Humira immunology franchise. Combined with internal R&D advances such as etentamig, which achieved statistically significant overall response rate and progression-free survival results in the Phase 3 Cervino study, along with an 87.9% 12-month overall survival rate, AbbVie demonstrates potential to sustain strong organic growth.
#phase #revenue #Growth
In Q2 2026, AbbVie Inc. (NYSE:ABBV) posted $16.99 billion in net revenue, up 10.2% year over year, while adjusted diluted EPS increased 22.9% to $3.65. Growth was driven by its immunology blockbusters, Skyrizi and Rinvoq, which generated $5.505 billion and $2.525 billion in revenue, respectively, representing growth of 24.4% and 24.5%. These gains more than offset the continued decline in Humira revenue, which fell 35.9% to $756 million amid biosimilar competition. AbbVie reiterated its full-year 2026 adjusted EPS guidance of $13.87–$14.07, including a $0.14 dilutive impact from the Apogee transaction.
As a clinical-stage biotech, Apogee Therapeutics, Inc. (NASDAQ:APGE) generated no product revenue in Q2 2026, while R&D expenses reached $67.3 million and G&A expenses totaled $24.3 million, resulting in a quarterly net loss of $85.9 million. Despite the cash burn, the company maintained a strong liquidity position, with $1.3 billion in cash and marketable securities, alongside a $1.3 billion non-dilutive credit collaboration with Blackstone Life Sciences to support Phase 3 trials of its lead ***** et, zumilokibart.
Financially, AbbVie is vastly superior in immediate cash generation and profitability, whereas Apogee represented pure clinical optionality backed by robust liquidity.
For AbbVie, acquiring Apogee's optimized antibody portfolio, including zumilokibart for atopic dermatitis, strengthens its post-Humira immunology franchise. Combined with internal R&D advances such as etentamig, which achieved statistically significant overall response rate and progression-free survival results in the Phase 3 Cervino study, along with an 87.9% 12-month overall survival rate, AbbVie demonstrates potential to sustain strong organic growth.
#phase #revenue #Growth
6 days ago
Sponsor-backed direct lending volume and deal count ticked up in the three months ended Aug. 31, recovering from the lows seen in Q2 but remaining below Q1 levels, according to new LCD data.
Direct lenders provided an estimated $28 billion across 124 sponsor-backed deals over the past three months, up from $23 billion across 101 deals in Q2, though still short of Q1's $45 billion across 133 deals, according to the latest US LCD Private Credit Monitor.
On a year-to-date basis, sponsor-backed direct lending volume of $87 billion across 322 deals through August runs 27% behind last year's $120 billion (from 356 deals) over the same period, signaling that sponsors remain cautious even as quarterly activity firms up.
Buyout financing has followed a similar path. Direct lenders backed 50 LBOs for roughly $14 billion over the three months through August, an improvement on Q2's 47 deals and $13 billion but still well below Q1's 56 deals and $23 billion. Year-to-date, direct lending buyout volume of $44 billion across 135 deals trails the $57 billion and 154 deals at the same time last year, suggesting sponsors are still hesitant to launch new platform deals amid the higher-for-longer rate backdrop.
Healthcare sector deals accounted for 20% of new-issue direct lending deals in 2026 year-to-date, versus 18% in full-year 2025. Technology's share of new direct lending deals has fallen to 16% YTD, from 18% for FY 2025, representing the largest drop of any sector over the period. Utilities and building materials both saw large increases, though both sectors sit on small relative bases.
#billion #lending #three
Direct lenders provided an estimated $28 billion across 124 sponsor-backed deals over the past three months, up from $23 billion across 101 deals in Q2, though still short of Q1's $45 billion across 133 deals, according to the latest US LCD Private Credit Monitor.
On a year-to-date basis, sponsor-backed direct lending volume of $87 billion across 322 deals through August runs 27% behind last year's $120 billion (from 356 deals) over the same period, signaling that sponsors remain cautious even as quarterly activity firms up.
Buyout financing has followed a similar path. Direct lenders backed 50 LBOs for roughly $14 billion over the three months through August, an improvement on Q2's 47 deals and $13 billion but still well below Q1's 56 deals and $23 billion. Year-to-date, direct lending buyout volume of $44 billion across 135 deals trails the $57 billion and 154 deals at the same time last year, suggesting sponsors are still hesitant to launch new platform deals amid the higher-for-longer rate backdrop.
Healthcare sector deals accounted for 20% of new-issue direct lending deals in 2026 year-to-date, versus 18% in full-year 2025. Technology's share of new direct lending deals has fallen to 16% YTD, from 18% for FY 2025, representing the largest drop of any sector over the period. Utilities and building materials both saw large increases, though both sectors sit on small relative bases.
#billion #lending #three
9 days ago
Last Word On Hockey's Puck Drop Previews are back for the 2026-27 season! As the regular season approaches, Last Word will preview each team's current outlook and stories to watch for the upcoming year. We'll also do our best to project how things will go for each team throughout the campaign. Today, we're previewing the 2026-27 Minnesota Wild.
There's been plenty of chatter about the 2026-27 Minnesota Wild. The main offseason rabble has been whether or not Quinn Hughes will sign an extension. Minnesota general manager Bill Guerin was able to weaponize the salary cap **** e since the buyouts of Zach Parise and Ryan Suter were greatly reduced. Guerin has been taking care of players like Brock Faber and Kirill Kaprizov.
However, the Hughes question hangs over the franchise's head like a cloud. The Wild rolled the dice to get the high-flying defender from the Vancouver Canucks. However, it would be a disaster if the Olympic Gold Medal winner doesn't stay beyond this season. The Wild have only made the Western Conference Final once in the franchise's history. Minnesota knows the pressure is on to at least get back there.
Guerin fulfulled his promise of making the team into a Stanley Cup contender. He managed to give Kaprizov the deal that would keep the dynamic forward in the fold. However, getting Hughes proved to be a masterstroke. It cemented the Wild as a contender despite being in one of the toughest divisions in hockey.
Minnesota looked the part of a contender by finishing 10th in scoring, fourth in defence, and seventh in points. The Wild even broke some of their bad postseason luck by getting past the Dallas Stars. However, the same old Wild came back in the second round in a loss to the Colorado Avalanche. The Wild were exposed as not having as much depth as the Avs and not having enough team speed. Minnesota has made plenty of progress, but the team still has a long way to go.
#hughes #guerin #back #last
There's been plenty of chatter about the 2026-27 Minnesota Wild. The main offseason rabble has been whether or not Quinn Hughes will sign an extension. Minnesota general manager Bill Guerin was able to weaponize the salary cap **** e since the buyouts of Zach Parise and Ryan Suter were greatly reduced. Guerin has been taking care of players like Brock Faber and Kirill Kaprizov.
However, the Hughes question hangs over the franchise's head like a cloud. The Wild rolled the dice to get the high-flying defender from the Vancouver Canucks. However, it would be a disaster if the Olympic Gold Medal winner doesn't stay beyond this season. The Wild have only made the Western Conference Final once in the franchise's history. Minnesota knows the pressure is on to at least get back there.
Guerin fulfulled his promise of making the team into a Stanley Cup contender. He managed to give Kaprizov the deal that would keep the dynamic forward in the fold. However, getting Hughes proved to be a masterstroke. It cemented the Wild as a contender despite being in one of the toughest divisions in hockey.
Minnesota looked the part of a contender by finishing 10th in scoring, fourth in defence, and seventh in points. The Wild even broke some of their bad postseason luck by getting past the Dallas Stars. However, the same old Wild came back in the second round in a loss to the Colorado Avalanche. The Wild were exposed as not having as much depth as the Avs and not having enough team speed. Minnesota has made plenty of progress, but the team still has a long way to go.
#hughes #guerin #back #last
9 days ago
The FSU Seminoles fell to the SMU Mustangs 27-24 on Monday in Doak Campbell Stadium, and their fans are fed up with the team and Mike Norvell. It was a winnable game for Florida State, but they once again found ways to lose.
Since their 13-1 season in 2023, when they won the ACC and nearly made the College Football Playoff, FSU has gone 8-18 overall and 3-17 in conference play under Norvell. That has caused numerous fans to call for his job, but that is not an easy move.
While their performance over the past two-plus seasons has been well below FSU's standards, it will be expensive to move on from Norvell. According to Craig Myers of USA TODAY Sports, his buyout is $46.7 million if he is fired before Dec. 1, 2026.
If FSU does decide to fire Norvell, his buyout would be the third-biggest in college football history, behind only the $76.8 million the Texas A&M Aggies paid Jimbo Fisher and the $54 million the LSU Tigers paid Brian Kelly. The Seminoles paid Willie Taggart $18 million when they fired him during the 2029 season.
FSU signed Mike Norvell to an eight-year contract worth around $84 million ahead of the 2024 season and guaranteed him that his buyout would be 85% of his remaining salary if he was fired. The deal seemed like a smart move at the time. Not only were they coming off their 13-1 performance in 2023, but the Alabama Crimson Tide were considering hiring him to replace Nick Saban.
#paid #mike
Since their 13-1 season in 2023, when they won the ACC and nearly made the College Football Playoff, FSU has gone 8-18 overall and 3-17 in conference play under Norvell. That has caused numerous fans to call for his job, but that is not an easy move.
While their performance over the past two-plus seasons has been well below FSU's standards, it will be expensive to move on from Norvell. According to Craig Myers of USA TODAY Sports, his buyout is $46.7 million if he is fired before Dec. 1, 2026.
If FSU does decide to fire Norvell, his buyout would be the third-biggest in college football history, behind only the $76.8 million the Texas A&M Aggies paid Jimbo Fisher and the $54 million the LSU Tigers paid Brian Kelly. The Seminoles paid Willie Taggart $18 million when they fired him during the 2029 season.
FSU signed Mike Norvell to an eight-year contract worth around $84 million ahead of the 2024 season and guaranteed him that his buyout would be 85% of his remaining salary if he was fired. The deal seemed like a smart move at the time. Not only were they coming off their 13-1 performance in 2023, but the Alabama Crimson Tide were considering hiring him to replace Nick Saban.
#paid #mike
9 days ago
Klay Thompson is one half of the Splash Brothers. That's an identity **** ody can erase, no matter where he goes.
He and Stephen Curry tore up the league with their impeccable three-point shooting and turned the Golden State Warriors into a dynasty that won four **** les in less than a decade.
Unfortunately, their partnership had to come to an end. It has been two years since Thompson left the Warriors in hopes of winning another championship.
He has a chance to do that this season after signing with the Miami Heat following a buyout with the Dallas Mavericks. Thompson decided to start fresh in the Eastern Conference and join a storied franchise that now boasts a superstar in Giannis Antetokounmpo.
Heat fans are loving Thompson's arrival. They still expect him to make an impact from beyond the arc.
#stephen #golden
He and Stephen Curry tore up the league with their impeccable three-point shooting and turned the Golden State Warriors into a dynasty that won four **** les in less than a decade.
Unfortunately, their partnership had to come to an end. It has been two years since Thompson left the Warriors in hopes of winning another championship.
He has a chance to do that this season after signing with the Miami Heat following a buyout with the Dallas Mavericks. Thompson decided to start fresh in the Eastern Conference and join a storied franchise that now boasts a superstar in Giannis Antetokounmpo.
Heat fans are loving Thompson's arrival. They still expect him to make an impact from beyond the arc.
#stephen #golden
13 days ago
On August 5, LiveRamp (NYSE:RAMP) reported first-quarter fiscal 2027 results for the period ended June 30, and the numbers looked less like a company coasting toward a sale than one hitting its stride. Revenue rose 10% to $214 million, but the more striking move was further down the income statement, where operating income more than doubled. LiveRamp skipped its usual earnings call this quarter, a direct result of its pending acquisition by Publicis Groupe, but that silence has not slowed the underlying business.
GAAP operating income jumped to $20 million from $7 million a year earlier, pushing operating margin up six points to 9%. Non-GAAP operating income rose 41% to $50 million, with margin expanding five points to 24%, meaning more of every new revenue dollar is dropping to profit rather than being spent to chase it. Diluted earnings per share more than doubled on a GAAP basis to $0.28 from $0.12, while operating cash flow flipped from a $16 million outflow a year ago to $17 million generated this quarter.
LiveRamp is also positioning itself inside the AI advertising buildout rather than at its edges. The company launched LiveRamp Agent Builders, a program pulling outside AI agents into its network for planning and measurement work, and added integrations tied to OpenAI's advertising tools, Databricks' new Agentic Customer Data Platform, and Adobe's commerce content pipeline, alongside a measurement partnership with DoorDash. None of that shows up in a revenue line yet, but customer behavior already reflects some payoff. LiveRamp ended the quarter with 132 customers paying more than $1 million a year, up from 127, and subscription net retention held at 103%. Annualized recurring revenue grew 7% to $539 million, and Data Marketplace revenue climbed 13% to $40 million.
None of that operational improvement changes the number shareholders actually care about: $38.50 a share, the all-cash price Publicis Groupe agreed to pay when the deal was announced on May 17, 2026. However much operating income grows from here, the merger agreement fixes what LiveRamp holders collect if the transaction closes, so this quarter's beat does not translate into upside for anyone holding the stock for the buyout. LiveRamp also confirmed it will not hold a conference call or issue guidance while the deal is pending, which limits how much investors can independently verify beyond what is in this release.
The transaction still has to clear a shareholder vote scheduled for August 17, and closing remains subject to customary conditions even though management called it on track for before the end of calendar 2026. That leaves a few weeks of real, if narrow, uncertainty. The growth numbers are also decelerating slightly at the edges: total revenue grew 10% this quarter versus 11% in the prior year period, and subscription revenue growth slowed to 8% from 10%. Marketplace and Other revenue, the more variable, usage-driven part of the business, is doing more of the work
GAAP operating income jumped to $20 million from $7 million a year earlier, pushing operating margin up six points to 9%. Non-GAAP operating income rose 41% to $50 million, with margin expanding five points to 24%, meaning more of every new revenue dollar is dropping to profit rather than being spent to chase it. Diluted earnings per share more than doubled on a GAAP basis to $0.28 from $0.12, while operating cash flow flipped from a $16 million outflow a year ago to $17 million generated this quarter.
LiveRamp is also positioning itself inside the AI advertising buildout rather than at its edges. The company launched LiveRamp Agent Builders, a program pulling outside AI agents into its network for planning and measurement work, and added integrations tied to OpenAI's advertising tools, Databricks' new Agentic Customer Data Platform, and Adobe's commerce content pipeline, alongside a measurement partnership with DoorDash. None of that shows up in a revenue line yet, but customer behavior already reflects some payoff. LiveRamp ended the quarter with 132 customers paying more than $1 million a year, up from 127, and subscription net retention held at 103%. Annualized recurring revenue grew 7% to $539 million, and Data Marketplace revenue climbed 13% to $40 million.
None of that operational improvement changes the number shareholders actually care about: $38.50 a share, the all-cash price Publicis Groupe agreed to pay when the deal was announced on May 17, 2026. However much operating income grows from here, the merger agreement fixes what LiveRamp holders collect if the transaction closes, so this quarter's beat does not translate into upside for anyone holding the stock for the buyout. LiveRamp also confirmed it will not hold a conference call or issue guidance while the deal is pending, which limits how much investors can independently verify beyond what is in this release.
The transaction still has to clear a shareholder vote scheduled for August 17, and closing remains subject to customary conditions even though management called it on track for before the end of calendar 2026. That leaves a few weeks of real, if narrow, uncertainty. The growth numbers are also decelerating slightly at the edges: total revenue grew 10% this quarter versus 11% in the prior year period, and subscription revenue growth slowed to 8% from 10%. Marketplace and Other revenue, the more variable, usage-driven part of the business, is doing more of the work
13 days ago
Everyone is excited for the start of the 2026 college football season until their team loses. While the UCLA Bruins are hoping to avoid that fate this weekend versus Cal. UCLA saw a conference rival begin the season in humiliating fashion.
Rutgers kicked off on Thursday versus UMass and the Minutemen pulled off a 37-21 road win at SHI Stadium. Rutgers came into the season looking like a Big Ten Conference bottom-dweller and that was all but confirmed with a blowout loss to UMass.
The loss to UMass is different from your run-of-the-mill upset. The Minutemen went winless in 2025 and were four touchdown underdogs against Rutgers.
Last season Rutgers went 5-7, winning two more games than UCLA, but things are looking worse to begin 2026 for the Scarlet Knights. USA TODAY writer Matthew Glenesk discussed buyout options for Rutgers' head coach Greg Schiano after the humiliating start to the season.
"Greg Schiano is the winningest coach in Rutgers football history. But that distinction can't sugarcoat the disaster Thursday night was as the Scarlet Knights — a 29.5-point favorite — lost at home to UMass," Glenesk said. "If the school was to make a change, Schiano is owed 76.875% of his remaining base salary when he is fired. If he is let go at the end of November, that number would be approximately $18.5 million, per documents obtained by USA TODAY Sports."
#season
Rutgers kicked off on Thursday versus UMass and the Minutemen pulled off a 37-21 road win at SHI Stadium. Rutgers came into the season looking like a Big Ten Conference bottom-dweller and that was all but confirmed with a blowout loss to UMass.
The loss to UMass is different from your run-of-the-mill upset. The Minutemen went winless in 2025 and were four touchdown underdogs against Rutgers.
Last season Rutgers went 5-7, winning two more games than UCLA, but things are looking worse to begin 2026 for the Scarlet Knights. USA TODAY writer Matthew Glenesk discussed buyout options for Rutgers' head coach Greg Schiano after the humiliating start to the season.
"Greg Schiano is the winningest coach in Rutgers football history. But that distinction can't sugarcoat the disaster Thursday night was as the Scarlet Knights — a 29.5-point favorite — lost at home to UMass," Glenesk said. "If the school was to make a change, Schiano is owed 76.875% of his remaining base salary when he is fired. If he is let go at the end of November, that number would be approximately $18.5 million, per documents obtained by USA TODAY Sports."
#season
13 days ago
In 1893, a chemistry professor named Charles Coates arrived at Louisiana State University and wrote that, to his surprise, "there was practically no athletics in the student body: no football, no tennis, and only very little baseball in the spring." A broad program of sports struck him as the kind of thing a school should have, particularly as US universities were beginning to tout intercollegiate athletics as critical to a balanced higher-ed experience and another way to justify the cost of entry. But 133 years on, sports aren't merely the main attraction at LSU. They're the school's raison d'être, the blinkered obsession that consumes the university and its most prominent ambassadors.
Any doubt that the business of educating college students is just a nettlesome distraction from the business of college sports in Baton Rouge has been emphatically dispelled over the past 10 months. On the football side, the school has spent or committed roughly $162m to its last three head coaches: Ed Orgeron, the folksy national champion in 2019 who received a $17m buyout when he was fired two years later; Brian Kelly, the unloved underachiever who received a $54m buyout after being fired last October; and Lane Kiffin, the Kelly replacement whom it signed to a $91m deal a month later. Clemson, the opponent for LSU's season opener at home on Saturday, are about to find out what all that money buys.
Related: College football is booming, chaotic and more confusing than ever
In March, LSU brought back men's basketball coach Will Wade, the turnaround artist who became a national emblem of college sports' old pay-for-play hypocrisy when he was caught on an FBI wiretap discussing a recruiting offer seven years ago. An NCAA dragnet soon uncovered more alleged recruiting improprieties. After LSU fired Wade for cause, he resurfaced at McNeese State, engineering an unlikely reversal of fortune that eventually landed him a lucrative offer to coach back in the big leagues at North Carolina State. That stint lasted all of one 20-win season before the Tigers swooped in and began the process to bring Wade back – despite the fact that someone else was already coaching the team.
And then there's Kim Mulkey, grande dame of LSU sports blindness. When the national championship-winning women's basketball coach brought 17-year-old Anna Minaeva into the fold last month, more than a few eyebrows arched – and not because she plays the same position as junior center Kate Koval. It's more that Minaeva is Russian, Koval is Ukrainian and the one notable reprieve her father, a drone operator in the Ukrainian military, took from the war was to travel to the United States to watch his daughter play.
#sports #Football #fired #back
Any doubt that the business of educating college students is just a nettlesome distraction from the business of college sports in Baton Rouge has been emphatically dispelled over the past 10 months. On the football side, the school has spent or committed roughly $162m to its last three head coaches: Ed Orgeron, the folksy national champion in 2019 who received a $17m buyout when he was fired two years later; Brian Kelly, the unloved underachiever who received a $54m buyout after being fired last October; and Lane Kiffin, the Kelly replacement whom it signed to a $91m deal a month later. Clemson, the opponent for LSU's season opener at home on Saturday, are about to find out what all that money buys.
Related: College football is booming, chaotic and more confusing than ever
In March, LSU brought back men's basketball coach Will Wade, the turnaround artist who became a national emblem of college sports' old pay-for-play hypocrisy when he was caught on an FBI wiretap discussing a recruiting offer seven years ago. An NCAA dragnet soon uncovered more alleged recruiting improprieties. After LSU fired Wade for cause, he resurfaced at McNeese State, engineering an unlikely reversal of fortune that eventually landed him a lucrative offer to coach back in the big leagues at North Carolina State. That stint lasted all of one 20-win season before the Tigers swooped in and began the process to bring Wade back – despite the fact that someone else was already coaching the team.
And then there's Kim Mulkey, grande dame of LSU sports blindness. When the national championship-winning women's basketball coach brought 17-year-old Anna Minaeva into the fold last month, more than a few eyebrows arched – and not because she plays the same position as junior center Kate Koval. It's more that Minaeva is Russian, Koval is Ukrainian and the one notable reprieve her father, a drone operator in the Ukrainian military, took from the war was to travel to the United States to watch his daughter play.
#sports #Football #fired #back
13 days ago
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Most workers would feel good when they're just a year away from achieving a long-awaited goal like retirement. But with today's volatile job market, some people's careers are tripping at the finish line.
Take the case of Brian. He was fired at the age of 69, just one year before he was set to retire. According to a survey by the Transamerica Center for Retirement Studies [1], nearly six-in-10 retirees (58%) retired sooner than planned. Among this group, 43% cited employment reasons such as job loss (16%), organizational changes (16%), job unhappiness (14%) and retirement buyout (9%).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Get your free guide from Priority Gold
#year #like #moneywise #brian
Most workers would feel good when they're just a year away from achieving a long-awaited goal like retirement. But with today's volatile job market, some people's careers are tripping at the finish line.
Take the case of Brian. He was fired at the age of 69, just one year before he was set to retire. According to a survey by the Transamerica Center for Retirement Studies [1], nearly six-in-10 retirees (58%) retired sooner than planned. Among this group, 43% cited employment reasons such as job loss (16%), organizational changes (16%), job unhappiness (14%) and retirement buyout (9%).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
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#year #like #moneywise #brian
13 days ago
Virginia Tech hoops head coach Mike Young will have at least one more season to try to right the ship. Young was entering the final year of his contract this season, but he signed a one-year extension at the end of July. Young was one of several Hokies head coaches extended along with women's basketball head coach Megan Duffy, swim and dive coach Sergio Lopez Miro, men's soccer head coach Mike Brizendine and softball head coach Pete D'Amour.
#hokies giving Mike Young 1-year contract extension. So he is no longer entering final year of his contract. Now under contract through 2027-28 season. Extensions also for Duffy, D’Amour, Brizendine, Lopez Miro. Pay hike for Robie, whose deal had been extended in Jan.
— Mark Berman (BermanRoanoke) July 29, 2026
With the extension, Young will make $3 million this year and in 2027-28. According to Thomas Hughes of Virginia Tech Hokies on SI, Young will receive a $2 million buyout if he is fired on or before next March 15, and $1 million if axed before March 15, 2028.
Young, who took over for Buzz Williams when he left for Texas A&M in 2019, led the Hokies to two NCAA Tournaments in his first three seasons. But the Hokies haven't been back since and haven't posted a winning record in ACC play the last four seasons. He is 124-98 in seven seasons with the Hokies, though just 60-70 in conference play.
#young #head #year #contract
#hokies giving Mike Young 1-year contract extension. So he is no longer entering final year of his contract. Now under contract through 2027-28 season. Extensions also for Duffy, D’Amour, Brizendine, Lopez Miro. Pay hike for Robie, whose deal had been extended in Jan.
— Mark Berman (BermanRoanoke) July 29, 2026
With the extension, Young will make $3 million this year and in 2027-28. According to Thomas Hughes of Virginia Tech Hokies on SI, Young will receive a $2 million buyout if he is fired on or before next March 15, and $1 million if axed before March 15, 2028.
Young, who took over for Buzz Williams when he left for Texas A&M in 2019, led the Hokies to two NCAA Tournaments in his first three seasons. But the Hokies haven't been back since and haven't posted a winning record in ACC play the last four seasons. He is 124-98 in seven seasons with the Hokies, though just 60-70 in conference play.
#young #head #year #contract
13 days ago
Why Nate Oats' wife is being hired on Alabama basketball staff originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
The Alabama Crimson Tide basketball program is keeping it all in the family.
The program announced Thursday that Nate Oats' wife, Alex Accetta, is returning to Tuscaloosa to rejoin his staff in a new role. Accetta previously worked as a student ******* istant in 2015 before she was promoted to operations coordinator two years later. She eventually took over as director of operations in 2021 before leaving for the NBA.
Accetta's new role will be Alabama's director of program relations, according to a release by the school.
"Alex has an extensive background and proven success in this ******* e at both the collegiate and professional levels," Alabama executive deputy AD Shane Lyons said in a statement. "With her previous experience, she has a strong understanding of our program and what it takes to effectively operate at the highest competitive levels.
"She returns to Alabama basketball after four seasons with the NBA Dallas Mavericks, and we expect her professional franchise experience and insights to continue to advance all we do."
This comes at a time when the Mavericks are trying to settle in with Dusty May, who came over from Michigan after winning a national championship.
Oats and Accetta got married earlier this summer on July 26. The couple is 20 years apart in age, with Oats finalizing his divorce from his first wife, Crystal, after 26 years of marriage in 2023.
Alabama finished the 2025-26 season with a Sweet 16 run in the NCAA Tournament. Oats' sixth season in Tuscaloosa and fifth trip to the second weekend in the big dance.
Isaiah Evans' NBA Draft accessories are worth more than his rookie contract
John Calipari says college athletics is broken — Here's his plan to fix it
How Dusty May's Michigan contract, buyout impacts the Dallas Mavericks
#oats #alabama #accetta #wife
The Alabama Crimson Tide basketball program is keeping it all in the family.
The program announced Thursday that Nate Oats' wife, Alex Accetta, is returning to Tuscaloosa to rejoin his staff in a new role. Accetta previously worked as a student ******* istant in 2015 before she was promoted to operations coordinator two years later. She eventually took over as director of operations in 2021 before leaving for the NBA.
Accetta's new role will be Alabama's director of program relations, according to a release by the school.
"Alex has an extensive background and proven success in this ******* e at both the collegiate and professional levels," Alabama executive deputy AD Shane Lyons said in a statement. "With her previous experience, she has a strong understanding of our program and what it takes to effectively operate at the highest competitive levels.
"She returns to Alabama basketball after four seasons with the NBA Dallas Mavericks, and we expect her professional franchise experience and insights to continue to advance all we do."
This comes at a time when the Mavericks are trying to settle in with Dusty May, who came over from Michigan after winning a national championship.
Oats and Accetta got married earlier this summer on July 26. The couple is 20 years apart in age, with Oats finalizing his divorce from his first wife, Crystal, after 26 years of marriage in 2023.
Alabama finished the 2025-26 season with a Sweet 16 run in the NCAA Tournament. Oats' sixth season in Tuscaloosa and fifth trip to the second weekend in the big dance.
Isaiah Evans' NBA Draft accessories are worth more than his rookie contract
John Calipari says college athletics is broken — Here's his plan to fix it
How Dusty May's Michigan contract, buyout impacts the Dallas Mavericks
#oats #alabama #accetta #wife
14 days ago
Deion Sanders' buyout details: Here's how much it will cost Colorado to fire head coach originally appeared on The Sporting News. Add The Sporting News as a Preferred Source by clicking here.
By all accounts, Colorado coach Deion Sanders is entering 2026 in a much better position than 2025.
Sanders battled health issues, including bladder cancer, throughout the 2025 offseason, and he went into the year with an unsettled quarterback situation for the first time in his tenure with the Buffaloes. The results were predictable: a regression to 3-9, putting Colorado near the bottom of the Big 12.
With those health issues improved and the hope that Julian Lewis is ready to take the next step at quarterback, Sanders is facing a critical season to get Colorado back on track. If not, his job status could come into question.
Here's a look at Sanders' buyout and what it would cost Colorado to fire him in 2026.
#buyout #cost
By all accounts, Colorado coach Deion Sanders is entering 2026 in a much better position than 2025.
Sanders battled health issues, including bladder cancer, throughout the 2025 offseason, and he went into the year with an unsettled quarterback situation for the first time in his tenure with the Buffaloes. The results were predictable: a regression to 3-9, putting Colorado near the bottom of the Big 12.
With those health issues improved and the hope that Julian Lewis is ready to take the next step at quarterback, Sanders is facing a critical season to get Colorado back on track. If not, his job status could come into question.
Here's a look at Sanders' buyout and what it would cost Colorado to fire him in 2026.
#buyout #cost
14 days ago
LAS VEGAS — Former Phoenix Mercury center Kalani Brown spent the summer waiting for another WNBA opportunity. When it finally came, it brought her back to a team that ended her previous season.
Mercury forward Satou Sabally (0) and Kalani Brown (21) celebrate a basket against the Lynx at PHX Arena in Phoenix, on May 30, 2025.
Brown spoke for the first time since signing with the Las Vegas Aces, returning to the league after agreeing to a contract buyout with the Mercury in the preseason. The move came after Las Vegas ruled NaLyssa Smith out for the remainder of the season with a left leg injury.
What makes Brown's return particularly interesting is the history tied between player and team. She spent the 2025 season in Phoenix after arriving from Dallas as part of a four-team trade that also brought Satou Sabally and Alyssa Thomas to the Valley.
Aug 3, 2025; Chicago, Illinois, USA; Phoenix Mercury center Kalani Brown (21) battles for the ball with Chicago Sky guard Rachel Banham (24) during the first half at Wintrust Arena. Mandatory Credit: Kamil Krzaczynski-Imagn Images
#brown #kalani
Mercury forward Satou Sabally (0) and Kalani Brown (21) celebrate a basket against the Lynx at PHX Arena in Phoenix, on May 30, 2025.
Brown spoke for the first time since signing with the Las Vegas Aces, returning to the league after agreeing to a contract buyout with the Mercury in the preseason. The move came after Las Vegas ruled NaLyssa Smith out for the remainder of the season with a left leg injury.
What makes Brown's return particularly interesting is the history tied between player and team. She spent the 2025 season in Phoenix after arriving from Dallas as part of a four-team trade that also brought Satou Sabally and Alyssa Thomas to the Valley.
Aug 3, 2025; Chicago, Illinois, USA; Phoenix Mercury center Kalani Brown (21) battles for the ball with Chicago Sky guard Rachel Banham (24) during the first half at Wintrust Arena. Mandatory Credit: Kamil Krzaczynski-Imagn Images
#brown #kalani
15 days ago
RB Leipzig defender El-Chadaille Bitshiabu is on the verge of completing a transfer to Galatasaray on loan.
The 21-year-old arrived in Istanbul on Wednesday and was photographed at the airport wearing a Galatasaray jersey.
The summer transfer window closed in Germany on Tuesday, but in Turkey it remains open until Friday.
"I had a long and arduous journey, but now I've arrived in Istanbul. I'm so happy to be here," he said. Several other loan negotiations had fallen through before the agreement with Galatasaray.
Eintracht Frankfurt forward Jean-Mattéo Bahoya moved to Leeds United on loan until mid-2027. The deal includes a mandatory buyout clause.
#loan #transfer
The 21-year-old arrived in Istanbul on Wednesday and was photographed at the airport wearing a Galatasaray jersey.
The summer transfer window closed in Germany on Tuesday, but in Turkey it remains open until Friday.
"I had a long and arduous journey, but now I've arrived in Istanbul. I'm so happy to be here," he said. Several other loan negotiations had fallen through before the agreement with Galatasaray.
Eintracht Frankfurt forward Jean-Mattéo Bahoya moved to Leeds United on loan until mid-2027. The deal includes a mandatory buyout clause.
#loan #transfer
15 days ago
Growth in the evergreen fund market is being driven by the largest listed alternative managers. But there are ***** et classes in which size is likely to be a weakness rather than a strength in catering to individual investors.
This, at least, is what venture capital and growth equity manager Fairway Capital Management is banking on.
Founded in 2020 by a group of former executives with Adams Street Partners, led by former COO Kevin Callahan, the Chicago manager raised two venture-capital funds of funds with combined commitments of $52 million, including a sizeable GP commitment, before launching an evergreen fund of funds at the end of 2021.
Fairway Private Equity & Venture Capital Opportunities Fund, which makes VC, private equity and private credit investments, aims to offer individuals access to funds and managers "typically only available to large institutional investors." It held about $26.3 million in net ***** ets as of March 31, 2026, per regulatory filings.
While firms such as Blackstone and Apollo Global Management have had success launching evergreen products focused on easily scalable ***** et classes, such as infrastructure and large buyout, VC is inherently "capacity constrained," according to Callahan.
#venture
This, at least, is what venture capital and growth equity manager Fairway Capital Management is banking on.
Founded in 2020 by a group of former executives with Adams Street Partners, led by former COO Kevin Callahan, the Chicago manager raised two venture-capital funds of funds with combined commitments of $52 million, including a sizeable GP commitment, before launching an evergreen fund of funds at the end of 2021.
Fairway Private Equity & Venture Capital Opportunities Fund, which makes VC, private equity and private credit investments, aims to offer individuals access to funds and managers "typically only available to large institutional investors." It held about $26.3 million in net ***** ets as of March 31, 2026, per regulatory filings.
While firms such as Blackstone and Apollo Global Management have had success launching evergreen products focused on easily scalable ***** et classes, such as infrastructure and large buyout, VC is inherently "capacity constrained," according to Callahan.
#venture
15 days ago
Brennan **** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#tigo #asset #letter #market
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#tigo #asset #letter #market
16 days ago
Klay Thompson's father has warned the critics of his son ahead of the new season.
Following a disappointing two-year stint with the Dallas Mavericks, Klay Thompson agreed to a contract buyout with the Western Conference side.
At 36, Thompson is undoubtedly out of his prime, but it didn't take long for the 4x NBA champion to find his next destination.
Thompson quickly agreed to a two-year deal with the Miami Heat as he is all set to become teammates with Giannis Antetokounmpo and Bam Adebayo.
Photo by Charley Gallay/Getty Images for Opus Bank
#thompson #following #dallas
Following a disappointing two-year stint with the Dallas Mavericks, Klay Thompson agreed to a contract buyout with the Western Conference side.
At 36, Thompson is undoubtedly out of his prime, but it didn't take long for the 4x NBA champion to find his next destination.
Thompson quickly agreed to a two-year deal with the Miami Heat as he is all set to become teammates with Giannis Antetokounmpo and Bam Adebayo.
Photo by Charley Gallay/Getty Images for Opus Bank
#thompson #following #dallas
16 days ago
The UCLA Bruins made a serious shakeup to start off Week 1 of their college season by announcing the dismissal of Athletic Director Martin Jarmond, after Jamond served as UCLA's AD since 2020.
Not only did UCLA can Jarmond, they burned $6.5 million to move on. Jarmond will receive a slightly lesser buyout than former football head coach DeShaun Foster received after being fired last year. The Bruins have now dedicated over $12 million to buyouts over the past year between Foster and Jarmond.
For a university that's seeking profitability in every avenue, spending $12 million on two employees to leave your program doesn't make perfect sense, but with the moves, it's become clear that UCLA believed that keeping Jarmond and Foster would have cost the athletic programs even more.
ESPN's Paolo Uggetti reported on Jarmond's firing Monday afternoon.
"Jarmond is set to be owed the $6.5 million remaining on his contract. He has been there since 2020 when he arrived from Boston College," Uggetti wrote. "During his time at UCLA, Jarmond oversaw the departure of Chip Kelly in 2024 and replaced him with former player DeShaun Foster, who went 5-10 in a short stint as the football program's head coach. Foster was fired last year after an 0-3 start to the season.
#jarmond #foster #million #uggetti
Not only did UCLA can Jarmond, they burned $6.5 million to move on. Jarmond will receive a slightly lesser buyout than former football head coach DeShaun Foster received after being fired last year. The Bruins have now dedicated over $12 million to buyouts over the past year between Foster and Jarmond.
For a university that's seeking profitability in every avenue, spending $12 million on two employees to leave your program doesn't make perfect sense, but with the moves, it's become clear that UCLA believed that keeping Jarmond and Foster would have cost the athletic programs even more.
ESPN's Paolo Uggetti reported on Jarmond's firing Monday afternoon.
"Jarmond is set to be owed the $6.5 million remaining on his contract. He has been there since 2020 when he arrived from Boston College," Uggetti wrote. "During his time at UCLA, Jarmond oversaw the departure of Chip Kelly in 2024 and replaced him with former player DeShaun Foster, who went 5-10 in a short stint as the football program's head coach. Foster was fired last year after an 0-3 start to the season.
#jarmond #foster #million #uggetti
16 days ago
ST. PETERSBURG, Fla. — The Mets' September shakeup is not as much about contending as it is about development and preservation.
Mets interim manager Andy Green said Monday that the club would be calling up rookie outfielder Nick Morabito and right-handed pitcher Justin Hagenman when rosters across Major League Baseball expand from 26 to 28 players on Tuesday.
Those additions come after the club's roster was restructured further on Monday, with Mark Vientos reinstated from the injured list after sustaining a fractured right hand back on July 24. The Mets also saw Luis Robert Jr. claimed off waivers by the Orioles.
The Oriolies will close out $3 million on his deal for the season. They will also control the decision on his $20 million club option and potential $2 million buyout. Robert's exit opened the door for Vientos to return and an outfield ****** e to be be vacated for Morabito.
With a transformative few days for the Mets roster in the Sunshine State, here is how the Mets plan to use Morabito and Vientos, plus what Hagenman's call-up means for the Mets' rotation:
#vientos
Mets interim manager Andy Green said Monday that the club would be calling up rookie outfielder Nick Morabito and right-handed pitcher Justin Hagenman when rosters across Major League Baseball expand from 26 to 28 players on Tuesday.
Those additions come after the club's roster was restructured further on Monday, with Mark Vientos reinstated from the injured list after sustaining a fractured right hand back on July 24. The Mets also saw Luis Robert Jr. claimed off waivers by the Orioles.
The Oriolies will close out $3 million on his deal for the season. They will also control the decision on his $20 million club option and potential $2 million buyout. Robert's exit opened the door for Vientos to return and an outfield ****** e to be be vacated for Morabito.
With a transformative few days for the Mets roster in the Sunshine State, here is how the Mets plan to use Morabito and Vientos, plus what Hagenman's call-up means for the Mets' rotation:
#vientos
16 days ago
At first blush, there's nothing connecting the businesses of **** e Exploration Technology (NASDAQ: SPCX) and Hershey (NYSE: HSY). One makes **** ecraft, AI technology, and operates the Starlink satellite telecommunications network. The other makes candy bars. But when you dig into the ownership structure, you start to see the connection. Here's what you can learn about **** eX from Hershey.
The CEO is likely to have the most influence on a business, but there are limitations. That's because the CEO actually works for the board of directors. And the board of directors is hired by the shareholders. So, if anything really big is going to take place, such as a merger or acquisition, the largest shareholders will have an important say. In the case of consumer staples maker Hershey, the largest shareholder is The Hershey Foundation.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The Hershey Foundation has said no to multiple takeover offers. The foundation uses the dividends it collects from owning Hershey stock to support its philanthropic endeavors, so it is acting to protect the reliable income stream it receives. That may or may not be in the best interest of shareholders, noting that a buyout could lead to a sizable capital gain. But the real takeaway is that Hershey is beholden to The Hershey Foundation in important ways, as the foundation controls 80% of the company's voting power.
Elon Musk controls 48.4% of **** eX's voting power. That's not as much control as The Hershey Foundation has at Hershey, but it is close enough to 50.1% to give him effective control over all decisions. Add in that he's the CEO, and Musk's position of power gets even stronger. If you own **** eX, you are effectively investing alongside Elon Musk. What he wants to do is almost certainly going to get done. Mergers, acquisitions, and major capital investments are his to decide because it would be hard, if not impossible, for the board or shareholders to muster the votes needed to oppose Musk.
#NVIDIA
The CEO is likely to have the most influence on a business, but there are limitations. That's because the CEO actually works for the board of directors. And the board of directors is hired by the shareholders. So, if anything really big is going to take place, such as a merger or acquisition, the largest shareholders will have an important say. In the case of consumer staples maker Hershey, the largest shareholder is The Hershey Foundation.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The Hershey Foundation has said no to multiple takeover offers. The foundation uses the dividends it collects from owning Hershey stock to support its philanthropic endeavors, so it is acting to protect the reliable income stream it receives. That may or may not be in the best interest of shareholders, noting that a buyout could lead to a sizable capital gain. But the real takeaway is that Hershey is beholden to The Hershey Foundation in important ways, as the foundation controls 80% of the company's voting power.
Elon Musk controls 48.4% of **** eX's voting power. That's not as much control as The Hershey Foundation has at Hershey, but it is close enough to 50.1% to give him effective control over all decisions. Add in that he's the CEO, and Musk's position of power gets even stronger. If you own **** eX, you are effectively investing alongside Elon Musk. What he wants to do is almost certainly going to get done. Mergers, acquisitions, and major capital investments are his to decide because it would be hard, if not impossible, for the board or shareholders to muster the votes needed to oppose Musk.
#NVIDIA
17 days ago
DENVER (AP) — The Baltimore Orioles claimed outfielder Luis Robert Jr. off waivers from the New York Mets on Monday.
The Orioles, who were starting a three-game series at Colorado on Monday night, said the 29-year-old Robert had not yet reported. He hit .223 with 10 home runs and 23 RBIs in 58 games for the Mets this season. He played his first six big league seasons for the Chicago White Sox, who picked up a $20 million option for him for 2026 before trading him.
Robert's contract also has a $20 million club option for 2027 with a $2 million buyout.
Robert was an All-Star in 2023, when he hit 38 home runs and stole 20 bases. But that's the only big league season in which he has played more than 110 games. He has a career .856 OPS against left-handers, and if he can flash some of that form he could help the Orioles, perhaps in a platoon with Colton Cowser in center field. Baltimore also recently lost corner outfielder Tyler O'Neill, like Robert a right-handed hitter, to the injured list because of a shoulder problem.
The Orioles recalled left-hander Cade Povich from Triple-A Norfolk to start Monday, optioned right-handed reliever Anthony Nunez to Norfolk and designated infielder Luis Vázquez for **** ignment.
#baltimore #luis #METS #norfolk
The Orioles, who were starting a three-game series at Colorado on Monday night, said the 29-year-old Robert had not yet reported. He hit .223 with 10 home runs and 23 RBIs in 58 games for the Mets this season. He played his first six big league seasons for the Chicago White Sox, who picked up a $20 million option for him for 2026 before trading him.
Robert's contract also has a $20 million club option for 2027 with a $2 million buyout.
Robert was an All-Star in 2023, when he hit 38 home runs and stole 20 bases. But that's the only big league season in which he has played more than 110 games. He has a career .856 OPS against left-handers, and if he can flash some of that form he could help the Orioles, perhaps in a platoon with Colton Cowser in center field. Baltimore also recently lost corner outfielder Tyler O'Neill, like Robert a right-handed hitter, to the injured list because of a shoulder problem.
The Orioles recalled left-hander Cade Povich from Triple-A Norfolk to start Monday, optioned right-handed reliever Anthony Nunez to Norfolk and designated infielder Luis Vázquez for **** ignment.
#baltimore #luis #METS #norfolk
17 days ago
The Baltimore Orioles entered play on Monday one game out of a wild card spot and claimed Luis Robert Jr. off waivers, per MLB.com.
Robert is about a $5 million gamble for the Orioles as they look to sneak into the postseason. He is due around $3 million for the remainder of this season and has a $20 million club option with a $2 million buyout for next season. He has not had the best year, and missed a chunk of time with injury, but he has been good this month.
In August, he is slashing .267/.321/.520 with six home runs. He has a .841 OPS in his last 24 games and could be a real **** et for the Orioles down the stretch. The Orioles rank ninth in home runs and runs scored this season. They are not a bad offense, and Robert should provide them with a little extra for the final month.
None of the Orioles' primary outfielders have had a great year offensively, and Robert has a chance to be a difference-maker if he stays hot. He has one All-Star nod and a Silver Slugger to his name, but has not been that player consistently.
Looking for the perfect gift for a baseball player in your life? Check out our brand new baseball lifestyle brand!
#player
Robert is about a $5 million gamble for the Orioles as they look to sneak into the postseason. He is due around $3 million for the remainder of this season and has a $20 million club option with a $2 million buyout for next season. He has not had the best year, and missed a chunk of time with injury, but he has been good this month.
In August, he is slashing .267/.321/.520 with six home runs. He has a .841 OPS in his last 24 games and could be a real **** et for the Orioles down the stretch. The Orioles rank ninth in home runs and runs scored this season. They are not a bad offense, and Robert should provide them with a little extra for the final month.
None of the Orioles' primary outfielders have had a great year offensively, and Robert has a chance to be a difference-maker if he stays hot. He has one All-Star nod and a Silver Slugger to his name, but has not been that player consistently.
Looking for the perfect gift for a baseball player in your life? Check out our brand new baseball lifestyle brand!
#player
17 days ago
Manchester United and Juventus are locked in talks over a deal for Joshua Zirkzee.
That's according to Sky Sports journalist Gianluca Di Marzio, who claims that negotiations between the two sides are in 'full swing'.
Juventus have submitted a £2.1 million loan offer, which would include a £25.6m buy option for the end of the season.
However, with United keen to get their money's worth for the 25-year-old, they are angling for the buyout fee to be closer to £30m.
Zirkzee was an unused substitute for the second successive game yesterday as United claimed a 5-2 win – their first of the season – over Ipswich Town at Old Trafford.
#marzio
That's according to Sky Sports journalist Gianluca Di Marzio, who claims that negotiations between the two sides are in 'full swing'.
Juventus have submitted a £2.1 million loan offer, which would include a £25.6m buy option for the end of the season.
However, with United keen to get their money's worth for the 25-year-old, they are angling for the buyout fee to be closer to £30m.
Zirkzee was an unused substitute for the second successive game yesterday as United claimed a 5-2 win – their first of the season – over Ipswich Town at Old Trafford.
#marzio
18 days ago
A direct trustee-to-trustee rollover moves a pension lump sum like $812,000 into a traditional IRA with zero withholding and no current tax.
An indirect rollover triggers mandatory 20% federal withholding, and you must replace the withheld cash within 60 days or owe taxes and penalties.
SECURE 2.0 pushes the RMD start age to 73 or 75 depending on birth year, eventually forcing taxable withdrawals from the rolled-over balance.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
If your employer just dropped pension buyout paperwork on your desk and asked whether you want a monthly check for life or a one-time lump sum, there is a detail buried in the tax code that most retirees trip over right at the finish line. You can move the entire lump sum into a traditional IRA through a direct rollover, and the IRS will not collect a dime until you start taking money out. But mess up the execution, and the same move can trigger automatic withholding and a tax bill you never should have seen in the first place.
#lump #direct #pension
An indirect rollover triggers mandatory 20% federal withholding, and you must replace the withheld cash within 60 days or owe taxes and penalties.
SECURE 2.0 pushes the RMD start age to 73 or 75 depending on birth year, eventually forcing taxable withdrawals from the rolled-over balance.
Read More: Learn 7 ways to generate income with a $1,000,000+ portfolio (sponsor)
If your employer just dropped pension buyout paperwork on your desk and asked whether you want a monthly check for life or a one-time lump sum, there is a detail buried in the tax code that most retirees trip over right at the finish line. You can move the entire lump sum into a traditional IRA through a direct rollover, and the IRS will not collect a dime until you start taking money out. But mess up the execution, and the same move can trigger automatic withholding and a tax bill you never should have seen in the first place.
#lump #direct #pension
18 days ago
Kentavious Caldwell-Pope's Philadelphia welcome has already come with a story most people would struggle to believe. The veteran guard had barely settled into his new home with his family before Mother Nature apparently decided to make an introduction of her own.
According to Caldwell-Pope's wife, McKenzie, their penthouse was struck by lightning shortly after they paid the lease, causing flooding and forcing the family to temporarily move down several floors.
Naturally, the bizarre turn of events had the NBA world talking.
Caldwell-Pope joined the 76ers this offseason after agreeing to a buyout with the Memphis Grizzlies last month. Once he became a free agent, the two-time NBA champion followed his good friend, LeBron James, to Philadelphia.
McKenzie explained that shortly after they paid for the top-floor apartment, lightning struck the building, causing flooding. The family had to move down a few floors while service personnel worked on the damage.
#philadelphia
According to Caldwell-Pope's wife, McKenzie, their penthouse was struck by lightning shortly after they paid the lease, causing flooding and forcing the family to temporarily move down several floors.
Naturally, the bizarre turn of events had the NBA world talking.
Caldwell-Pope joined the 76ers this offseason after agreeing to a buyout with the Memphis Grizzlies last month. Once he became a free agent, the two-time NBA champion followed his good friend, LeBron James, to Philadelphia.
McKenzie explained that shortly after they paid for the top-floor apartment, lightning struck the building, causing flooding. The family had to move down a few floors while service personnel worked on the damage.
#philadelphia
18 days ago
On August 10, TPG Mortgage Investment Trust, Inc. (NYSE:MITT) and Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) announced a definitive merger agreement in which MITT will acquire CHMI. Under the cash-and-stock deal, CHMI stockholders will receive 0.3063 shares of MITT common stock and $0.93 in cash per share, implying a value of $3.10 per CHMI share based on August 7 closing prices. This represents a 29% premium to CHMI's unaffected price and a 32% premium to its 30-day VWAP. Unanimously approved by both boards and slated to close in Q4 2026, the combined entity will operate as TPG Mortgage Investment Trust under CEO T.J. Durkin, expanding MITT's board to eight with two CHMI independent directors.
Following the announcement, Citizens downgraded Cherry Hill Mortgage from Outperform to Market Perform on August 11, removing its price target and noting that CHMI shares are now fairly valued around the $3.10 implied buyout price.
11 Tips to Get Approved for a Mortgage
In Q2 2026, TPG Mortgage Investment Trust, Inc. (NYSE:MITT) demonstrated stronger underlying financial execution. MITT reported GAAP net income of $0.29 per diluted share and Earnings Available for Distribution (EAD) of $0.24 per share, fully covering its $0.24 dividend. Book value rose to $10.00 per share with an economic return on equity of 2.7%. Its total investment portfolio stood at $7.7 billion with low economic leverage of 1.8x.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), by contrast, generated GAAP net income of $0.04 per share and EAD of $0.15 per share, which fell short of covering its $0.10 quarterly dividend without factoring in preferred obligations. CHMI's GAAP book value ended at $3.16 per share, while its portfolio leverage was significantly higher at 5.02x. MITT clearly enters the deal from a position of relative operational stability, better dividend coverage, and lower balance sheet leverage.
#mortgage #mitt #Share #NYSE
Following the announcement, Citizens downgraded Cherry Hill Mortgage from Outperform to Market Perform on August 11, removing its price target and noting that CHMI shares are now fairly valued around the $3.10 implied buyout price.
11 Tips to Get Approved for a Mortgage
In Q2 2026, TPG Mortgage Investment Trust, Inc. (NYSE:MITT) demonstrated stronger underlying financial execution. MITT reported GAAP net income of $0.29 per diluted share and Earnings Available for Distribution (EAD) of $0.24 per share, fully covering its $0.24 dividend. Book value rose to $10.00 per share with an economic return on equity of 2.7%. Its total investment portfolio stood at $7.7 billion with low economic leverage of 1.8x.
Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), by contrast, generated GAAP net income of $0.04 per share and EAD of $0.15 per share, which fell short of covering its $0.10 quarterly dividend without factoring in preferred obligations. CHMI's GAAP book value ended at $3.16 per share, while its portfolio leverage was significantly higher at 5.02x. MITT clearly enters the deal from a position of relative operational stability, better dividend coverage, and lower balance sheet leverage.
#mortgage #mitt #Share #NYSE
18 days ago
Marvell (MRVL) stock was under significant pressure on Aug. 28 even though the custom chip specialist posted a market-beating Q2, featuring a 37% year-on-year increase in revenue.
Crucially, the semiconductor giant also raised its guidance for fiscal 2028 to around $18 billion, which would represent 50% growth on a year-over-year basis.
HP, Inc. Delivers Strong Earnings, Revenue and FCF - Short-Put Plays Still Have High Yields
BAC, CHWY, SONY: Play Unusual Options Activity in These 3 Low-Cost Call Options Under $100
PayPal Stock Drops as Buyout Plans Fall Through. Where Barchart Options Data Says PYPL Could Be Headed Next.
#marvell
Crucially, the semiconductor giant also raised its guidance for fiscal 2028 to around $18 billion, which would represent 50% growth on a year-over-year basis.
HP, Inc. Delivers Strong Earnings, Revenue and FCF - Short-Put Plays Still Have High Yields
BAC, CHWY, SONY: Play Unusual Options Activity in These 3 Low-Cost Call Options Under $100
PayPal Stock Drops as Buyout Plans Fall Through. Where Barchart Options Data Says PYPL Could Be Headed Next.
#marvell
18 days ago
In a bit of a surprise move with the regular season winding down, the Mets have placed outfielder Luis Robert Jr. on waivers, SNY MLB Insider Chelsea Janes confirmed.
If Robert were to be claimed by another team, they would pick up the remainder of his contract. But it is not guaranteed that he will be claimed. Saturday is also the last day you can take someone on waivers and have them be postseason eligible
Robert has a team option worth $20 million for the 2027 season, making it unlikely the Mets were going to pick it up. Robert also has about $3 million remaining on his 2026 salary and a $2 million buyout for the 2027 option, MLB.com's Anthony Dicomo notes.
The 29-year-old has a had a rough first season with New York after being acquired in January from the Chicago White Sox in exchange for Luisangel Acuña and RHP Truman Pauley.
Injuries continued to be a problem for him, as he landed on the 60-day IL at the end of April with lumbar spine disc herniation and didn't return until July 20.
#robert
If Robert were to be claimed by another team, they would pick up the remainder of his contract. But it is not guaranteed that he will be claimed. Saturday is also the last day you can take someone on waivers and have them be postseason eligible
Robert has a team option worth $20 million for the 2027 season, making it unlikely the Mets were going to pick it up. Robert also has about $3 million remaining on his 2026 salary and a $2 million buyout for the 2027 option, MLB.com's Anthony Dicomo notes.
The 29-year-old has a had a rough first season with New York after being acquired in January from the Chicago White Sox in exchange for Luisangel Acuña and RHP Truman Pauley.
Injuries continued to be a problem for him, as he landed on the 60-day IL at the end of April with lumbar spine disc herniation and didn't return until July 20.
#robert
