22 hours ago
Newcastle United have officially confirmed Matthias Jaissle as their new head coach.
The 38-year-old, who succeeds Eddie Howe, has already joined the squad at their La Manga pre-season training camp after his paperwork was finalised.
The club are understood to have paid the former Al-Ahli boss over £9 million in compensation to secure his services.
The former RB Salzburg boss said: "It is an incredible honour to become head coach of Newcastle United. This is one of the biggest clubs in European football, with a unique history, identity and supporter base, and I am excited to experience that passion and connection first-hand.
"When Newcastle United comes your way, you take notice. The ambition of the club, the vision for the future and the opportunity ahead made this an incredibly compelling place to be. I have followed the club's journey closely in recent years and the progress that has been made is clear for everyone to see."
#united #club #former #matthias
The 38-year-old, who succeeds Eddie Howe, has already joined the squad at their La Manga pre-season training camp after his paperwork was finalised.
The club are understood to have paid the former Al-Ahli boss over £9 million in compensation to secure his services.
The former RB Salzburg boss said: "It is an incredible honour to become head coach of Newcastle United. This is one of the biggest clubs in European football, with a unique history, identity and supporter base, and I am excited to experience that passion and connection first-hand.
"When Newcastle United comes your way, you take notice. The ambition of the club, the vision for the future and the opportunity ahead made this an incredibly compelling place to be. I have followed the club's journey closely in recent years and the progress that has been made is clear for everyone to see."
#united #club #former #matthias
1 day ago
A lot has changed since college athletes began earning compensation in 2021.
A small percentage have become rich due to their talent and marketability. The vast majority, however, have earned much more modest additional income, if any at all.
But one thing hasn't changed: Opponents of college students cashing in on marketing their name, image and likeness, or NIL, still argue that athlete compensation has ended the supposed purity of college sports.
The NCAA has a long history of opposing college athletes profiting from their intellectual property. And even President Donald Trump has voiced his concerns, suggesting current NIL policies "could cause serious damage to college athletics" and issuing not one but two executive orders so far in his second term to "save" college sports.
However, as a professor of sport management who has been studying name, image and likeness policies since they were implemented in 2021, I believe there are a lot of misconceptions about how they work. Based on my studies – one published in 2023 and the other one published in 2025 – I'd like to set the record straight about a few things.
#compensation #name
A small percentage have become rich due to their talent and marketability. The vast majority, however, have earned much more modest additional income, if any at all.
But one thing hasn't changed: Opponents of college students cashing in on marketing their name, image and likeness, or NIL, still argue that athlete compensation has ended the supposed purity of college sports.
The NCAA has a long history of opposing college athletes profiting from their intellectual property. And even President Donald Trump has voiced his concerns, suggesting current NIL policies "could cause serious damage to college athletics" and issuing not one but two executive orders so far in his second term to "save" college sports.
However, as a professor of sport management who has been studying name, image and likeness policies since they were implemented in 2021, I believe there are a lot of misconceptions about how they work. Based on my studies – one published in 2023 and the other one published in 2025 – I'd like to set the record straight about a few things.
#compensation #name
1 day ago
End-of-year bonuses for private equity professionals are likely to be higher at larger managers compared to midsized and small buyout shops, as banks' blowout earnings put pressure on PE firms to keep pace on pay, according to projections from compensation consultant Johnson ***** ociates.
Its Q2 year-end projections report, which predicts Wall Street end-of-year bonuses based on recent market trends, said that PE professionals at large buyout shops can expect bonuses anywhere from 2.5% to 7.5% higher than what they received in 2025. That's an improvement over the Q1 outlook of no change up to a 5% increase.
The jump is due, in part, to mounting competition for talent between PE firms and banks, said Alan Johnson, president and founder of Johnson ***** ociates. Private equity firms will likely offer stronger sweeteners to retain talent during a challenging period.
"Banks and private equity compete for talent, and as the banks do better, there's going to be a bit of a drag-on effect to private equity," Johnson said.
Investment banks are having a great year. Goldman Sachs and JPMorganChase both reported strong Q2 results, with Goldman's earnings per share nearly doubling year-over-year to $20.98 and JPMorgan's net income up 41% to $21.2 billion. The surge was driven by an uptick in M&A volume and a handful of mega-transactions, such as the record-breaking ***** eX IPO that Goldman led in June.
#year #johnson #Equity #goldman
Its Q2 year-end projections report, which predicts Wall Street end-of-year bonuses based on recent market trends, said that PE professionals at large buyout shops can expect bonuses anywhere from 2.5% to 7.5% higher than what they received in 2025. That's an improvement over the Q1 outlook of no change up to a 5% increase.
The jump is due, in part, to mounting competition for talent between PE firms and banks, said Alan Johnson, president and founder of Johnson ***** ociates. Private equity firms will likely offer stronger sweeteners to retain talent during a challenging period.
"Banks and private equity compete for talent, and as the banks do better, there's going to be a bit of a drag-on effect to private equity," Johnson said.
Investment banks are having a great year. Goldman Sachs and JPMorganChase both reported strong Q2 results, with Goldman's earnings per share nearly doubling year-over-year to $20.98 and JPMorgan's net income up 41% to $21.2 billion. The surge was driven by an uptick in M&A volume and a handful of mega-transactions, such as the record-breaking ***** eX IPO that Goldman led in June.
#year #johnson #Equity #goldman
1 day ago
Wall Street is reveling in a year of mega deals, a surging stock market, and a continuing AI frenzy.
The latest signal is a 2026 bonus boom expected to spill across most corners of finance, according to Johnson **** ociates.
The compensation consulting firm has hiked bonus projections by an average of 3 percentage points from its already bullish first quarter forecast. The firm tracks across 21 Wall Street job categories.
Four out of five Wall Street jobs are projected to see a bonus increase over last year. A clear theme: Big banks are expected to far outpace other institutions.
"Banks, at least for now, are leading the pack," said Alan Johnson, founder of the Wall Street consulting firm. The bonus differential is so evident that Johnson's firm is calling 2026 the "Year of the Bank."
#firm #expected #across #Consulting
The latest signal is a 2026 bonus boom expected to spill across most corners of finance, according to Johnson **** ociates.
The compensation consulting firm has hiked bonus projections by an average of 3 percentage points from its already bullish first quarter forecast. The firm tracks across 21 Wall Street job categories.
Four out of five Wall Street jobs are projected to see a bonus increase over last year. A clear theme: Big banks are expected to far outpace other institutions.
"Banks, at least for now, are leading the pack," said Alan Johnson, founder of the Wall Street consulting firm. The bonus differential is so evident that Johnson's firm is calling 2026 the "Year of the Bank."
#firm #expected #across #Consulting
2 days ago
The four-year, $140 million value of Zay Flowers' extension generated the headline, but the guaranteed money reveals the depth of the Baltimore Ravens' commitment. Flowers received $108 million guaranteed, according to ESPN's Adam Schefter. Based on the current wide receiver market, that figure ranks fourth at the position behind only Jaxon Smith-Njigba, Justin Jefferson and Ja'Marr Chase.
Smith-Njigba leads the position with approximately $120.07 million guaranteed. Jefferson received $110 million, while Chase secured $109.8 million. Flowers is immediately behind that group and ahead of Drake London, CeeDee Lamb, Garrett Wilson and Chris Olave.
That placement is significant because guarantees provide a clearer picture of a team's commitment than the maximum value alone. Baltimore did not merely attach an impressive headline number to Flowers' contract. The Ravens guaranteed a substantial portion of the agreement to keep him at the center of their offense.
Flowers has earned that confidence by becoming Baltimore's most consistent drafted receiver. He has surpassed 1,000 yards in consecutive seasons, reached the Pro Bowl twice and established the franchise's single-season receiving record for a wide receiver.
The extension creates expectations for Flowers to remain productive and available throughout his prime. It also offers security that players at that position rarely obtain, with contracts that can include inflated totals and uncertain back-end compensation.
#flowers #receiver #smith
Smith-Njigba leads the position with approximately $120.07 million guaranteed. Jefferson received $110 million, while Chase secured $109.8 million. Flowers is immediately behind that group and ahead of Drake London, CeeDee Lamb, Garrett Wilson and Chris Olave.
That placement is significant because guarantees provide a clearer picture of a team's commitment than the maximum value alone. Baltimore did not merely attach an impressive headline number to Flowers' contract. The Ravens guaranteed a substantial portion of the agreement to keep him at the center of their offense.
Flowers has earned that confidence by becoming Baltimore's most consistent drafted receiver. He has surpassed 1,000 yards in consecutive seasons, reached the Pro Bowl twice and established the franchise's single-season receiving record for a wide receiver.
The extension creates expectations for Flowers to remain productive and available throughout his prime. It also offers security that players at that position rarely obtain, with contracts that can include inflated totals and uncertain back-end compensation.
#flowers #receiver #smith
3 days ago
Deciding between Advanced Micro Devices (NASDAQ:AMD) and Arm (NASDAQ:ARM) requires understanding their roles in the hardware ecosystem. One builds the chips, while the other provides the blueprint for others to manufacture them.
Advanced Micro Devices designs high-performance processors and graphics chips, while Arm licenses the foundational architecture that powers most mobile devices. Comparing these two allows investors to weigh a hardware manufacturer against an intellectual property specialist. Both companies are central to the future of computing, but they operate with different business models and growth profiles.
AMD designs and sells semiconductor products, including processors and AI accelerators. It is a prominent player among semiconductor stocks, serving hyperscale data centers and the gaming market. Strategic partnerships with OpenAI, Microsoft (NASDAQ:MSFT), and Core Scientific (NASDAQ:CORZ) highlight its focus on artificial intelligence and data center infrastructure.
In the fiscal year ended Dec. 27, 2025, revenue reached nearly $34.6 billion compared with roughly $25.8 billion in the prior year. That equaled a 34.3% increase, driven by strong demand in the data center segment. The company reported net income of approximately $4.3 billion, resulting in a net margin of 12.5%.
As of its December 2025 balance sheet, AMD's debt-to-equity ratio was roughly 0.1. This ratio divides total debt by shareholder equity to show how much a company relies on borrowed money. The current ratio, which measures the ability to cover short-term debts with ****** ets, stood at approximately 2.9. Note that stock-based compensation represented roughly 21.2% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
#roughly
Advanced Micro Devices designs high-performance processors and graphics chips, while Arm licenses the foundational architecture that powers most mobile devices. Comparing these two allows investors to weigh a hardware manufacturer against an intellectual property specialist. Both companies are central to the future of computing, but they operate with different business models and growth profiles.
AMD designs and sells semiconductor products, including processors and AI accelerators. It is a prominent player among semiconductor stocks, serving hyperscale data centers and the gaming market. Strategic partnerships with OpenAI, Microsoft (NASDAQ:MSFT), and Core Scientific (NASDAQ:CORZ) highlight its focus on artificial intelligence and data center infrastructure.
In the fiscal year ended Dec. 27, 2025, revenue reached nearly $34.6 billion compared with roughly $25.8 billion in the prior year. That equaled a 34.3% increase, driven by strong demand in the data center segment. The company reported net income of approximately $4.3 billion, resulting in a net margin of 12.5%.
As of its December 2025 balance sheet, AMD's debt-to-equity ratio was roughly 0.1. This ratio divides total debt by shareholder equity to show how much a company relies on borrowed money. The current ratio, which measures the ability to cover short-term debts with ****** ets, stood at approximately 2.9. Note that stock-based compensation represented roughly 21.2% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.
#roughly
3 days ago
Oregon Ducks Coach Dan Lanning often leaves the decision-making in the college football world to lawmakers and administrators.
That was no different Aug. 3 when he was asked his opinion on the "Protect College Sports Act."
The sweeping, bipartisan bill is designed to stabilize the volatile state of college athletics and establish a federal framework for student-athlete compensation and NIL.
The SEC and Big Ten conferences are both in support of the bill. Lanning has occasionally spoken out about topics he feels strongly about, but he demurred during UO's annual media day.
"Not really my lane," Lanning said. "Just going to coach the team. It's going to change. Football keeps changing, it's going to keep changing."
#college #going #changing #oregon
That was no different Aug. 3 when he was asked his opinion on the "Protect College Sports Act."
The sweeping, bipartisan bill is designed to stabilize the volatile state of college athletics and establish a federal framework for student-athlete compensation and NIL.
The SEC and Big Ten conferences are both in support of the bill. Lanning has occasionally spoken out about topics he feels strongly about, but he demurred during UO's annual media day.
"Not really my lane," Lanning said. "Just going to coach the team. It's going to change. Football keeps changing, it's going to keep changing."
#college #going #changing #oregon
3 days ago
Glasgow might have saved the Commonwealth Games, but don't expect to see them back on these shores for a generation.
Four of the last seven editions have been staged in Great Britain, and it's clear that Commonwealth Sport realises it needs to cut ties to the mother country for its future relevance.
Scotland gets its eternal thanks for stepping in at just 18 months' notice when Australia said it couldn't afford to host. Australian taxpayers ended up paying Glasgow £100m in compensation to stage the Games on their behalf and then duly topped the medal table with 70 golds.
"Glasgow has acted as a bridge to the future of the Commonwealth Games movement," said Commonwealth Sport president Dr Donald Rukare.
"Every host writes its own chapter, and Glasgow's has been one of bravery, courage, friendship and, above all, outstanding innovation."
#glasgow #sport #host
Four of the last seven editions have been staged in Great Britain, and it's clear that Commonwealth Sport realises it needs to cut ties to the mother country for its future relevance.
Scotland gets its eternal thanks for stepping in at just 18 months' notice when Australia said it couldn't afford to host. Australian taxpayers ended up paying Glasgow £100m in compensation to stage the Games on their behalf and then duly topped the medal table with 70 golds.
"Glasgow has acted as a bridge to the future of the Commonwealth Games movement," said Commonwealth Sport president Dr Donald Rukare.
"Every host writes its own chapter, and Glasgow's has been one of bravery, courage, friendship and, above all, outstanding innovation."
#glasgow #sport #host
4 days ago
Cleveland Browns Training Camp Recap: Day 4 – Red zone drills, TDs, and INTs (Chris Pokorny) – "Day 4 of Cleveland Browns training camp took place on Saturday, August 1. Both quarterbacks competing to start spoke to the media before practice."
Cleveland Browns: No one is ready to close the door on Deshaun Watson (Thomas Moore) – "The Cleveland Browns, and by extension their fans, are so close that they can reach out and almost touch it. Four-and-a-half years after the Browns made their confessed "big swing and miss" on quarterback Deshaun Watson, the end is almost here as Watson enters the final year of his five-year, fully guaranteed contract. Except, what if Watson plays well enough this fall that the Browns convince themselves he is worthy of another contract?"
Todd Monken updates Browns QB competition, timing on making a decision (Jared Mueller) – "At least according to our poll, Cleveland Browns fans feel confident that either they know who the starting quarterback should be already or will after the joint practice and preseason game with the Buffalo Bills."
Browns QB competition: Watson came in with 'leg up,' Shedeur has 'upward trajectory' (Jared Mueller) – "The Cleveland Browns QB competition is the story of the team's training camp, even if it might be overblown by many fans and media. GM Andrew Berry and HC Todd Monken have made it clear that the only thing that matters is who produces the best between Deshaun Watson and Shedeur Sanders, despite the latter's age and potential development."
After Myles, Giannis trades, Browns Jimmy Haslam weighs in on NFL, NBA rebuilding difficulty (Jared Mueller) – "In the span of three weeks, teams owned by Jimmy Haslam traded DE Myles Garrett and SF/PF Giannis Antetokounmpo in deals that included players and draft compensation. For the Cleveland Browns and Milwaukee Bucks, Haslam's teams, the trades reset their rosters and turn their attention toward the future."
#watson
Cleveland Browns: No one is ready to close the door on Deshaun Watson (Thomas Moore) – "The Cleveland Browns, and by extension their fans, are so close that they can reach out and almost touch it. Four-and-a-half years after the Browns made their confessed "big swing and miss" on quarterback Deshaun Watson, the end is almost here as Watson enters the final year of his five-year, fully guaranteed contract. Except, what if Watson plays well enough this fall that the Browns convince themselves he is worthy of another contract?"
Todd Monken updates Browns QB competition, timing on making a decision (Jared Mueller) – "At least according to our poll, Cleveland Browns fans feel confident that either they know who the starting quarterback should be already or will after the joint practice and preseason game with the Buffalo Bills."
Browns QB competition: Watson came in with 'leg up,' Shedeur has 'upward trajectory' (Jared Mueller) – "The Cleveland Browns QB competition is the story of the team's training camp, even if it might be overblown by many fans and media. GM Andrew Berry and HC Todd Monken have made it clear that the only thing that matters is who produces the best between Deshaun Watson and Shedeur Sanders, despite the latter's age and potential development."
After Myles, Giannis trades, Browns Jimmy Haslam weighs in on NFL, NBA rebuilding difficulty (Jared Mueller) – "In the span of three weeks, teams owned by Jimmy Haslam traded DE Myles Garrett and SF/PF Giannis Antetokounmpo in deals that included players and draft compensation. For the Cleveland Browns and Milwaukee Bucks, Haslam's teams, the trades reset their rosters and turn their attention toward the future."
#watson
4 days ago
Entering his third season as Texas A&M's head baseball coach, Michael Earley's journey to College Station was as a volunteer, unpaid hitting coach, but thanks to a 2022 lawsuit filed by multiple college baseball coaches alleging that the NCAA violated federal antitrust laws by restricting their compensation to zero, Earley, and many others are in line to benefit from a $49.3 million settlement for these coaches, offering long-overdue compensation.
After three seasons as one of Texas A&M's key ******* istants and ace recruiters, former coach Jim Schlossnagle's dramatic decision to leave the Aggies for the Texas Longhorns led Trev Alberts to make his first significant coaching hire during his first full year as A&M's Athletic Director, choosing to give Michael Earley a shot given his strong relationship with the incoming 2025 roster and background as a hitting coach.
Earley has plenty of advice to bestow upon younger players, including his own son, urging future players during his appearance on the Chasing Baseball Dreams podcast with Bobby Minor to "compete, not compare" and focus on improving instead of looking at the player ahead of them who may possess certain athletic traits or experience that has yet to be gained.
✍️ Compete > Compare
Texas A&M baseball coach Michael Earley with great advice for young athletes across all sports on the Chasing Baseball Dreams podcast with Bobby Minor pic.twitter.com/fvGfne9h4F
Due to injuries to star hitters Gavin Grahovac and Caden Sorrell, Texas A&M finished 30-26 during the 2025 season, missing the NCAA Tournament after being just one win away from securing the program's first College World Series ******* le just a year prior.
#texas
After three seasons as one of Texas A&M's key ******* istants and ace recruiters, former coach Jim Schlossnagle's dramatic decision to leave the Aggies for the Texas Longhorns led Trev Alberts to make his first significant coaching hire during his first full year as A&M's Athletic Director, choosing to give Michael Earley a shot given his strong relationship with the incoming 2025 roster and background as a hitting coach.
Earley has plenty of advice to bestow upon younger players, including his own son, urging future players during his appearance on the Chasing Baseball Dreams podcast with Bobby Minor to "compete, not compare" and focus on improving instead of looking at the player ahead of them who may possess certain athletic traits or experience that has yet to be gained.
✍️ Compete > Compare
Texas A&M baseball coach Michael Earley with great advice for young athletes across all sports on the Chasing Baseball Dreams podcast with Bobby Minor pic.twitter.com/fvGfne9h4F
Due to injuries to star hitters Gavin Grahovac and Caden Sorrell, Texas A&M finished 30-26 during the 2025 season, missing the NCAA Tournament after being just one win away from securing the program's first College World Series ******* le just a year prior.
#texas
5 days ago
In the span of three weeks, teams owned by Jimmy Haslam traded DE Myles Garrett and SF/PF Giannis Antetokounmpo in deals that included players and draft compensation. For the Cleveland Browns and Milwaukee Bucks, Haslam's teams, the trades reset their rosters and turn their attention toward the future.
According to a report, Haslam pushed for the package from the Miami Heat over one from the Boston Celtics, due to his experience with Garrett, which led to this humorous "Anthony Schwartz caused the Garrett and Antetokounmpo trades."
Both big trades were similar. The Browns acquired DE Jared Verse and three draft picks, while the Bucks added Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, four draft picks, and one pick swap.
According to Haslam, he believes it is more difficult to rebuild in the NBA than the NFL:
Cleveland fans are aware that Haslam's Browns have made the playoffs just twice, their only two seasons with a winning record during his ownership tenure, and his 14-year record as owner is 78-1501-1. If rebuilding is more difficult for Haslam in the NBA, we send our condolences to the fine fans in Milwaukee for what their process might look like.
#haslam #garrett #according
According to a report, Haslam pushed for the package from the Miami Heat over one from the Boston Celtics, due to his experience with Garrett, which led to this humorous "Anthony Schwartz caused the Garrett and Antetokounmpo trades."
Both big trades were similar. The Browns acquired DE Jared Verse and three draft picks, while the Bucks added Tyler Herro, Kel'el Ware, Jaime Jaquez Jr., Kasparas Jakucionis, four draft picks, and one pick swap.
According to Haslam, he believes it is more difficult to rebuild in the NBA than the NFL:
Cleveland fans are aware that Haslam's Browns have made the playoffs just twice, their only two seasons with a winning record during his ownership tenure, and his 14-year record as owner is 78-1501-1. If rebuilding is more difficult for Haslam in the NBA, we send our condolences to the fine fans in Milwaukee for what their process might look like.
#haslam #garrett #according
6 days ago
Jonathan ******* inga's free agency has become less about finding a contract and more about choosing a direction. Just when the Los Angeles Lakers appeared to have positioned themselves as the frontrunner with a concrete sign-and-trade proposal, another Western Conference contender entered the picture.
This time, it's the Minnesota Timberwolves, whose reported interest has added a fresh layer of uncertainty to one of the NBA's longest-running offseason sagas.
The latest development came from NBA insider Michael Scotto of HoopsHype, who reported that the Timberwolves have shown interest in Jonathan ******* inga. The update arrives after the team missed out on signing LeBron James, with many reports heavily linking them.
At the same time, or around then, another report surfaced, revealing the Lakers' latest push. According to NBA insider Evan Sidery, the Lakers have offered Jonathan ******* inga a three-year, roughly $45 million contract via a sign-and-trade. The offer also includes Jarred Vanderbilt and draft compensation headed to the Atlanta Hawks.
The proposal would pay JK around $15 million annually, bringing the Lakers closer to the financial range that has gradually emerged as his realistic market.
#jonathan #contract #trade #time
This time, it's the Minnesota Timberwolves, whose reported interest has added a fresh layer of uncertainty to one of the NBA's longest-running offseason sagas.
The latest development came from NBA insider Michael Scotto of HoopsHype, who reported that the Timberwolves have shown interest in Jonathan ******* inga. The update arrives after the team missed out on signing LeBron James, with many reports heavily linking them.
At the same time, or around then, another report surfaced, revealing the Lakers' latest push. According to NBA insider Evan Sidery, the Lakers have offered Jonathan ******* inga a three-year, roughly $45 million contract via a sign-and-trade. The offer also includes Jarred Vanderbilt and draft compensation headed to the Atlanta Hawks.
The proposal would pay JK around $15 million annually, bringing the Lakers closer to the financial range that has gradually emerged as his realistic market.
#jonathan #contract #trade #time
6 days ago
After months of withholding support and weeks of back and forth with lawmakers, the Big Ten and Southeastern Conference on Friday publicly backed a bipartisan Senate bill designed to stabilize college athlete compensation and provide antitrust protections to the NCAA and its most powerful conferences.
The final major sticking point for the conferences with the Protect College Sports Act was language in a provision regarding name, image and likeness deals athletes can strike with companies that work directly with schools. The conferences wanted more well-defined restrictions on deals between athletes and so-called ***** ociated entities to cut off the workarounds some schools have been using to blow past the current annual revenue-sharing limit of $20.5 million they can direct to athletes.
With the Big Ten and SEC now on board, the bill has a chance of getting to the Senate floor next week for a vote. Still, there is no guarantee Senate Majority Leader John Thune (R-S.D.) will be able to squeeze it in before Aug. 7, when the Senate breaks for a five-week recess.
The bill needs 60 votes to pass, and where that count stands in the Senate is unclear. Lawmakers are hoping for robust support that easily passes the threshold, believing that gives the bill a better chance of then passing a House vote in the fall. Reforming college sports has been a priority for President Donald Trump, and the White House has also pushed for Congress to act.
The bipartisan bill was introduced in May by Sens. Ted Cruz (R-Texas) and Maria Cantwell (D-Wash.). It addresses a wide range of issues in college sports, including antitrust exemptions that would allow the NCAA and member conferences to make rules about athlete eligibility, transfers and NIL compensation, while shielding them from an onslaught of legal challenges.
#bill #lawmakers #support
The final major sticking point for the conferences with the Protect College Sports Act was language in a provision regarding name, image and likeness deals athletes can strike with companies that work directly with schools. The conferences wanted more well-defined restrictions on deals between athletes and so-called ***** ociated entities to cut off the workarounds some schools have been using to blow past the current annual revenue-sharing limit of $20.5 million they can direct to athletes.
With the Big Ten and SEC now on board, the bill has a chance of getting to the Senate floor next week for a vote. Still, there is no guarantee Senate Majority Leader John Thune (R-S.D.) will be able to squeeze it in before Aug. 7, when the Senate breaks for a five-week recess.
The bill needs 60 votes to pass, and where that count stands in the Senate is unclear. Lawmakers are hoping for robust support that easily passes the threshold, believing that gives the bill a better chance of then passing a House vote in the fall. Reforming college sports has been a priority for President Donald Trump, and the White House has also pushed for Congress to act.
The bipartisan bill was introduced in May by Sens. Ted Cruz (R-Texas) and Maria Cantwell (D-Wash.). It addresses a wide range of issues in college sports, including antitrust exemptions that would allow the NCAA and member conferences to make rules about athlete eligibility, transfers and NIL compensation, while shielding them from an onslaught of legal challenges.
#bill #lawmakers #support
6 days ago
Just about everybody who works in Silicon Valley was sold the same dream: Take a low salary now, accept stock options, and work like a dog for a few years. Then, you can cash out when your unicorn goes public, and you'll retire before you hit age 30.
Well, that dream finally became a reality for a whole lot of ******* eX (SPCX) employees this summer. The company's blockbuster IPO was effectively one of the biggest wealth creation events the tech industry has ever seen. In fact, over 4,000 current and former employees were reportedly turned into overnight millionaires after years' worth of equity compensation suddenly became liquid.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ******* ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#dream #SpaceX
Well, that dream finally became a reality for a whole lot of ******* eX (SPCX) employees this summer. The company's blockbuster IPO was effectively one of the biggest wealth creation events the tech industry has ever seen. In fact, over 4,000 current and former employees were reportedly turned into overnight millionaires after years' worth of equity compensation suddenly became liquid.
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most ******* ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#dream #SpaceX
6 days ago
WASHINGTON (AP) — President Donald Trump said Friday that his $1.8 billion anti-weaponization fund is "dead" while also continuing to defend it, further complicating his administration's negotiations with two Republican senators who are blocking his attorney general nominee in protest.
Trump told reporters at Camp David on Friday morning that administration officials had "agreed not to have a fund" that compensates his political allies, yet made clear that he disagrees with that decision.
The comments came hours after an early morning social media post in which Trump said people who had been prosecuted by the Justice Department — many of them for their involvement in the violent Jan. 6, 2001, attack on the Capitol — "are suffering still, many ruined, and I felt that they should be given compensation for what has been done to them."
Trump's reluctant declaration that the fund won't be created came as Republican Sens. John Cornyn of Texas and Thom Tillis of North Carolina, both members of the Senate Judiciary Committee, say they won't support Todd Blanche's nomination for attorney general until they see that promise in writing. They have been working for weeks with the White House and Blanche, who is now the acting attorney general, to produce a document to that effect, but both senators have said they aren't satisfied so far.
"The President made it clear today that the so-called Anti Weaponization Fund is still alive, which is exactly why we are attempting to formally end it," Tillis said after Trump's initial social media post.
#Trump #weaponization
Trump told reporters at Camp David on Friday morning that administration officials had "agreed not to have a fund" that compensates his political allies, yet made clear that he disagrees with that decision.
The comments came hours after an early morning social media post in which Trump said people who had been prosecuted by the Justice Department — many of them for their involvement in the violent Jan. 6, 2001, attack on the Capitol — "are suffering still, many ruined, and I felt that they should be given compensation for what has been done to them."
Trump's reluctant declaration that the fund won't be created came as Republican Sens. John Cornyn of Texas and Thom Tillis of North Carolina, both members of the Senate Judiciary Committee, say they won't support Todd Blanche's nomination for attorney general until they see that promise in writing. They have been working for weeks with the White House and Blanche, who is now the acting attorney general, to produce a document to that effect, but both senators have said they aren't satisfied so far.
"The President made it clear today that the so-called Anti Weaponization Fund is still alive, which is exactly why we are attempting to formally end it," Tillis said after Trump's initial social media post.
#Trump #weaponization
6 days ago
On Friday, members of the Oregon women's basketball team filed a petition for union representation with the Oregon Employment Relations Board, marking the latest unionization effort in college sports—and the first based solely on public sector state labor laws.
The effort was led by the United College Athletes **** ociation, a 501(c)(5) labor union founded by former NCAA track athlete Andrew Cooper,which has been working to organize women's basketball specifically since 2024. While this is the first formal move toward unionization, the UCAA says it has more than 100 women's basketball players who have signed "unionization authorization cards."
The UCAA's advisory board includes current and former members of professional sports unions, including NWSLPA executive director Meghann Burke and WNBPA president Nneka Ogwumike, as well as former National Labor Relations Board executives.
"We deserve a seat at the table, meaningful protections, fair compensation, and a collective bargaining agreement that raises the standard for everyone," Maryland women's basketball player Oluchi Okananwa, the interim president of the UCAA, said in a statement. "This work is bigger than any one season or generation. We are building lasting power for the athletes competing today and those who will come after us."
The news comes just several days after a separate organization, the College Football Players **** ociation, launched an organizing effort among football players at Stanford. Unlike the UCAA's effort, however, Stanford football players aren't filing for formal union authorization just yet—they're waiting for a more favorable political climate.
#labor #former
The effort was led by the United College Athletes **** ociation, a 501(c)(5) labor union founded by former NCAA track athlete Andrew Cooper,which has been working to organize women's basketball specifically since 2024. While this is the first formal move toward unionization, the UCAA says it has more than 100 women's basketball players who have signed "unionization authorization cards."
The UCAA's advisory board includes current and former members of professional sports unions, including NWSLPA executive director Meghann Burke and WNBPA president Nneka Ogwumike, as well as former National Labor Relations Board executives.
"We deserve a seat at the table, meaningful protections, fair compensation, and a collective bargaining agreement that raises the standard for everyone," Maryland women's basketball player Oluchi Okananwa, the interim president of the UCAA, said in a statement. "This work is bigger than any one season or generation. We are building lasting power for the athletes competing today and those who will come after us."
The news comes just several days after a separate organization, the College Football Players **** ociation, launched an organizing effort among football players at Stanford. Unlike the UCAA's effort, however, Stanford football players aren't filing for formal union authorization just yet—they're waiting for a more favorable political climate.
#labor #former
6 days ago
Sen. John Kennedy (R-La.), a member of the Senate Judiciary Committee, is warning that President Trump's threat to withdraw Todd Blanche's nomination to serve as attorney general and resubmit it in 2027 to circumvent GOP critics could backfire because control of the Senate could flip in November.
Asked by a reporter Thursday whether it would be "risky" to delay Blanche's nomination until the next Congress, Kennedy responded: "Well, duh. Yeah."
"This place could be very different," Kennedy said, noting Democrats could pick up seats in the Senate or win control of the upper chamber.
Senate Republicans now control 53 seats.
Trump on Thursday threatened to withdraw Blanche's nomination because Sens. John Cornyn (R-Texas) and Thom Tillis (R-N.C.) are threatening to block it in the Judiciary Committee unless the Department of Justice and Trump agree to revise or clarify a settlement with the IRS to establish a $1.8 billion legal compensation fund for MAGA allies.
#kennedy #control #committee #thursday
Asked by a reporter Thursday whether it would be "risky" to delay Blanche's nomination until the next Congress, Kennedy responded: "Well, duh. Yeah."
"This place could be very different," Kennedy said, noting Democrats could pick up seats in the Senate or win control of the upper chamber.
Senate Republicans now control 53 seats.
Trump on Thursday threatened to withdraw Blanche's nomination because Sens. John Cornyn (R-Texas) and Thom Tillis (R-N.C.) are threatening to block it in the Judiciary Committee unless the Department of Justice and Trump agree to revise or clarify a settlement with the IRS to establish a $1.8 billion legal compensation fund for MAGA allies.
#kennedy #control #committee #thursday
7 days ago
The Los Angeles Clippers and the Toronto Raptors trade for Kawhi Leonard remains in limbo.
Leonard's seven-year tenure with the Clippers appeared to be over after he was traded to the Toronto Raptors on Tuesday, June 30.
The Raptors were going to send forward Brandon Ingram, guard Gradey ****** , two unprotected first-round picks (2031, 2033), two second-round picks (2030, 2033) and a 2027 first-round swap to Los Angeles.
Instead, both teams have put a halt to the trade, citing an ongoing investigation.
Leonard, Clippers owner Steve Ballmer, and Leonard's uncle/advisor Dennis Robertson are being investigated for their alleged involvement in a "no-show" agreement with a company, Aspiration, to funnel extra compensation to Leonard as part of a salary cap circumvention.
#raptors #leonard #toronto #picks
Leonard's seven-year tenure with the Clippers appeared to be over after he was traded to the Toronto Raptors on Tuesday, June 30.
The Raptors were going to send forward Brandon Ingram, guard Gradey ****** , two unprotected first-round picks (2031, 2033), two second-round picks (2030, 2033) and a 2027 first-round swap to Los Angeles.
Instead, both teams have put a halt to the trade, citing an ongoing investigation.
Leonard, Clippers owner Steve Ballmer, and Leonard's uncle/advisor Dennis Robertson are being investigated for their alleged involvement in a "no-show" agreement with a company, Aspiration, to funnel extra compensation to Leonard as part of a salary cap circumvention.
#raptors #leonard #toronto #picks
7 days ago
Michigan head coach Kyle Whittingham spoke at Big Ten Football Media Days in Chicago on Thursday, and he explained why there needs to be a "seismic change" to the college football landscape in the coming years.
NIL has completely changed college athletics in recent years, and a lack of rules and regulations on player compensation have made for an uneven playing field across the country. Whittingham believes there needs to be more restrictions in place.
"There's no guardrails and there's no parameters," Whittingham said. "So I believe there has to be a seismic change in college football, and I think there will be in the next 2-4 years. Part of that will be getting a handle on NIL and a salary cap."
Adding restrictions to what schools can and can't do with NIL, and implementing a salary cap similar to the NFL — limiting how much programs can spend on a yearly basis — would go a long way in bringing a sense of balance to the sport.
Money has always been the driving force in college athletics, and it always will. But now that paying players is legal and out in the open, there needs to be regulations put in place so that every program is forced to follow the same guidelines.
#college #seismic
NIL has completely changed college athletics in recent years, and a lack of rules and regulations on player compensation have made for an uneven playing field across the country. Whittingham believes there needs to be more restrictions in place.
"There's no guardrails and there's no parameters," Whittingham said. "So I believe there has to be a seismic change in college football, and I think there will be in the next 2-4 years. Part of that will be getting a handle on NIL and a salary cap."
Adding restrictions to what schools can and can't do with NIL, and implementing a salary cap similar to the NFL — limiting how much programs can spend on a yearly basis — would go a long way in bringing a sense of balance to the sport.
Money has always been the driving force in college athletics, and it always will. But now that paying players is legal and out in the open, there needs to be regulations put in place so that every program is forced to follow the same guidelines.
#college #seismic
7 days ago
On the latest episode of JohnWallStreet Presents: Big Business on Campus, a college sports podcast powered by Playfly Sports, JohnWallStreet Founder Corey Leff and Playfly Sports Chairman Michael Schreiber sit down with DePaul University Senior Vice President & Director of Athletics DeWayne Peevy.
In this 50-minute conversation, the trio touch on a multitude of actionable insights including:
Why Facilities Still Matter
DePaul raised $20 million and plans to break ground on a new basketball building this summer. While college sports' arms race has shifted from facilities to player compensation —and the money raised could theoretically be directed toward athletes— Peevy explained the project complements the school's NIL efforts.
"If NIL is about attracting talent, facilities are about developing and retaining that talent. You can't gain and sustain success without both in this transfer portal era.... Let's say we bring in someone that develops into the freshman of the year in our league, those are targeted [players] for other leagues. So, if we don't have [resources] in place to retain first our best, we're going to be behind consistently," he said. "A dedicated facility also improves our operational capabilities every day, including [with] recovery [and] film."
#college #including
In this 50-minute conversation, the trio touch on a multitude of actionable insights including:
Why Facilities Still Matter
DePaul raised $20 million and plans to break ground on a new basketball building this summer. While college sports' arms race has shifted from facilities to player compensation —and the money raised could theoretically be directed toward athletes— Peevy explained the project complements the school's NIL efforts.
"If NIL is about attracting talent, facilities are about developing and retaining that talent. You can't gain and sustain success without both in this transfer portal era.... Let's say we bring in someone that develops into the freshman of the year in our league, those are targeted [players] for other leagues. So, if we don't have [resources] in place to retain first our best, we're going to be behind consistently," he said. "A dedicated facility also improves our operational capabilities every day, including [with] recovery [and] film."
#college #including
8 days ago
DeVonta Smith has never hidden his loyalty to the Boston Celtics, but even the Philadelphia Eagles' star wide receiver can appreciate what the 76ers are attempting to build. Smith was asked Wednesday about the Sixers trading for Jaylen Brown and signing LeBron James, two moves that significantly altered the balance of power in the Eastern Conference.
"Looks like the Sixers are trying to go win one," Smith said. "Can't be mad at that."
Smith grew up supporting the Celtics in Amite, Louisiana, and has maintained that allegiance throughout his career with the Eagles. He attended Boston's NBA Finals games and predicted the Celtics would defeat Philadelphia during the teams' recent playoff series. Brown's departure from Boston and arrival in Philadelphia creates an unusual conflict for Smith. The four-time All-Star spent the first 10 seasons of his career with the Celtics before being traded to the Sixers in a package centered around Paul George and draft compensation.
Philadelphia followed that deal by signing James to a two-year contract. James, 41, is entering his 24th NBA season and will pursue the fifth championship of his career alongside Brown, Joel Embiid, Tyrese Maxey and VJ Edgecombe.
Philadelphia has not won an NBA championship since 1983 or reached the Eastern Conference finals since 2001. Injuries, postseason disappointments and roster turnover have repeatedly prevented the franchise from advancing beyond the second round. Adding Brown and James eliminates any ambiguity about the organization's current timeline. The Sixers are prioritizing an immediate championship run and accepting the financial and roster risks that accompany it.
#smith #sixers
"Looks like the Sixers are trying to go win one," Smith said. "Can't be mad at that."
Smith grew up supporting the Celtics in Amite, Louisiana, and has maintained that allegiance throughout his career with the Eagles. He attended Boston's NBA Finals games and predicted the Celtics would defeat Philadelphia during the teams' recent playoff series. Brown's departure from Boston and arrival in Philadelphia creates an unusual conflict for Smith. The four-time All-Star spent the first 10 seasons of his career with the Celtics before being traded to the Sixers in a package centered around Paul George and draft compensation.
Philadelphia followed that deal by signing James to a two-year contract. James, 41, is entering his 24th NBA season and will pursue the fifth championship of his career alongside Brown, Joel Embiid, Tyrese Maxey and VJ Edgecombe.
Philadelphia has not won an NBA championship since 1983 or reached the Eastern Conference finals since 2001. Injuries, postseason disappointments and roster turnover have repeatedly prevented the franchise from advancing beyond the second round. Adding Brown and James eliminates any ambiguity about the organization's current timeline. The Sixers are prioritizing an immediate championship run and accepting the financial and roster risks that accompany it.
#smith #sixers
9 days ago
CHICAGO – It's no secret college football doesn't look the same as it did five years ago; however, for Illinois' Bret Bielema and Josh Whitman, it's a whole new ball game.
Bielema and Whitman spoke Tuesday at Big Ten Media Days about the ever-changing landscape of college football.
"NIL and revenue share," Bielema said. "When those two things came into college football, everything changed."
As programs across the country keep changing to respond to compensation, transfer portal movement, and revenue sharing, Illinois is entering the 2026 season embracing the new landscape.
"The rosters have changed because of those two components, the transfer rule and revenue share," Bielema said. "It's a different world."
#bielema #illinois #Share #changed
Bielema and Whitman spoke Tuesday at Big Ten Media Days about the ever-changing landscape of college football.
"NIL and revenue share," Bielema said. "When those two things came into college football, everything changed."
As programs across the country keep changing to respond to compensation, transfer portal movement, and revenue sharing, Illinois is entering the 2026 season embracing the new landscape.
"The rosters have changed because of those two components, the transfer rule and revenue share," Bielema said. "It's a different world."
#bielema #illinois #Share #changed
9 days ago
Mississippi is suing two former football players who transferred to LSU this offseason, alleging both failed to repay portions of their NIL compensation after leaving the program.
According to the Clarion Ledger — part of the USA TODAY Network — the Rebels filed civil complaints against defensive end Princewill Umanmielen and offensive lineman Devin Harper on Monday, July 27 in a Lafayette County Circuit Court.
The Rebels are seeking almost $1 million between the two lawsuits combined for unreceived payments —$550,000 for Umanmielen's early termination penalty and $400,000 for Harper's early termination penalty — as well as litigation fees resulting from the lawsuit.
RANKINGS: Who has the best college football stadium? Our top 25 rankings starts with LSU
"The University of Mississippi values its student-athletes and is committed to honoring all obligations made to them," Ole Miss said in a statement to the Clarion Ledger. "In return, the university expects that same commitment from its student-athletes and their representatives in upholding their contracts.
#termination #penalty
According to the Clarion Ledger — part of the USA TODAY Network — the Rebels filed civil complaints against defensive end Princewill Umanmielen and offensive lineman Devin Harper on Monday, July 27 in a Lafayette County Circuit Court.
The Rebels are seeking almost $1 million between the two lawsuits combined for unreceived payments —$550,000 for Umanmielen's early termination penalty and $400,000 for Harper's early termination penalty — as well as litigation fees resulting from the lawsuit.
RANKINGS: Who has the best college football stadium? Our top 25 rankings starts with LSU
"The University of Mississippi values its student-athletes and is committed to honoring all obligations made to them," Ole Miss said in a statement to the Clarion Ledger. "In return, the university expects that same commitment from its student-athletes and their representatives in upholding their contracts.
#termination #penalty
9 days ago
WEST LAFAYETTE -- Mike Bobinski wants his successor as Purdue athletic director to know what sort of place they are walking into.
"A sane environment in a relatively insane time in this world," Bobinski called Purdue during a media roundtable on Monday. The Boilermakers' AD for the past 10 years sat for his first interview since announcing June 3 he will retire on Dec. 31.
The decision put the wheels in motion to find only the third person to occupy that role in the past 33 years. The Purdue Board of Trustees hired executive search firm DHR Global to **** ist the process. Interviews are imminent. This accelerated timeline would allow Bobinski's successor to settle in alongside the outgoing AD for a transitional period.
Bobinski's decade in charge spanned a transformative, and at times tumultuous, period in college sports. The Big Ten emerged from the COVID-19 pandemic and expanded to the west coast. Then came name, image and likeness compensation, followed by paying athletes directly through revenue share.
The economic structure under which Bobinski began his tenure -- or even the one under which Purdue football went to the Big Ten championship game in 2022 -- bears almost no resemblance to the one under which he exits.
#purdue #past #years #mike
"A sane environment in a relatively insane time in this world," Bobinski called Purdue during a media roundtable on Monday. The Boilermakers' AD for the past 10 years sat for his first interview since announcing June 3 he will retire on Dec. 31.
The decision put the wheels in motion to find only the third person to occupy that role in the past 33 years. The Purdue Board of Trustees hired executive search firm DHR Global to **** ist the process. Interviews are imminent. This accelerated timeline would allow Bobinski's successor to settle in alongside the outgoing AD for a transitional period.
Bobinski's decade in charge spanned a transformative, and at times tumultuous, period in college sports. The Big Ten emerged from the COVID-19 pandemic and expanded to the west coast. Then came name, image and likeness compensation, followed by paying athletes directly through revenue share.
The economic structure under which Bobinski began his tenure -- or even the one under which Purdue football went to the Big Ten championship game in 2022 -- bears almost no resemblance to the one under which he exits.
#purdue #past #years #mike
9 days ago
WEST LAFAYETTE -- Mike Bobinski wants his successor as Purdue athletic director to know what sort of place they are walking into.
"A sane environment in a relatively insane time in this world," Bobinski called Purdue during a media roundtable on Monday. The Boilermakers' AD for the past 10 years sat for his first interview since announcing June 3 he will retire on Dec. 31.
The decision put the wheels in motion to find only the third person to occupy that role in the past 33 years. The Purdue Board of Trustees hired executive search firm DHR Global to ****** ist the process. Interviews are imminent. This accelerated timeline would allow Bobinski's successor to settle in alongside the outgoing AD for a transitional period.
Bobinski's decade in charge spanned a transformative, and at times tumultuous, period in college sports. The Big Ten emerged from the COVID-19 pandemic and expanded to the west coast. Then came name, image and likeness compensation, followed by paying athletes directly through revenue share.
The economic structure under which Bobinski began his tenure -- or even the one under which Purdue football went to the Big Ten championship game in 2022 -- bears almost no resemblance to the one under which he exits.
#west #successor #years #lafayette
"A sane environment in a relatively insane time in this world," Bobinski called Purdue during a media roundtable on Monday. The Boilermakers' AD for the past 10 years sat for his first interview since announcing June 3 he will retire on Dec. 31.
The decision put the wheels in motion to find only the third person to occupy that role in the past 33 years. The Purdue Board of Trustees hired executive search firm DHR Global to ****** ist the process. Interviews are imminent. This accelerated timeline would allow Bobinski's successor to settle in alongside the outgoing AD for a transitional period.
Bobinski's decade in charge spanned a transformative, and at times tumultuous, period in college sports. The Big Ten emerged from the COVID-19 pandemic and expanded to the west coast. Then came name, image and likeness compensation, followed by paying athletes directly through revenue share.
The economic structure under which Bobinski began his tenure -- or even the one under which Purdue football went to the Big Ten championship game in 2022 -- bears almost no resemblance to the one under which he exits.
#west #successor #years #lafayette
10 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
14 days ago
LAS VEGAS (AP) — Formula 1 parent company Liberty Media, which also promotes the Las Vegas Grand Prix, has agreed to a settlement of about $3 million to end a class-action lawsuit brought by spectators regarding the inaugural 2023 race.
The opening-night practice session on Nov. 16, 2023, was halted after nine minutes when Carlos Sainz Jr. drove over a water valve cover that severely damaged his Ferrari. Practice didn't resume until the early morning hours of Nov. 17, ending at about 4 a.m. local time.
Fans were removed from the viewing areas before the 90-minute session took place.
Those who had tickets for only that practice session or bought three-night tickets are eligible for compensation under the settlement. Claims must be filed by Aug. 27.
Liberty Media and the Las Vegas Grand Prix did not admit fault under the settlement. A final approval hearing is scheduled for Nov. 4 at U.S. District Court of Nevada.
#vegas #settlement #grand #prix
The opening-night practice session on Nov. 16, 2023, was halted after nine minutes when Carlos Sainz Jr. drove over a water valve cover that severely damaged his Ferrari. Practice didn't resume until the early morning hours of Nov. 17, ending at about 4 a.m. local time.
Fans were removed from the viewing areas before the 90-minute session took place.
Those who had tickets for only that practice session or bought three-night tickets are eligible for compensation under the settlement. Claims must be filed by Aug. 27.
Liberty Media and the Las Vegas Grand Prix did not admit fault under the settlement. A final approval hearing is scheduled for Nov. 4 at U.S. District Court of Nevada.
#vegas #settlement #grand #prix
14 days ago
This article was originally published on ETFTrends.com.
Bitcoin, the largest digital currency by market capitalization, is showing signs. It surpassed the psychologically important $65,000 level and is higher by nearly 3% for the week ending July 21.
It remains to be seen if months of cryptocurrency frustration are nearing an end. The same is true regarding a bitcoin bottom. However, with the CLARITY Act close to passing and bullish price action of late, crypto investors may have credible reasons to get back in the game. Thanks to the NEOS Bitcoin High Income ETF (BTCI), market participants can earn compensation while waiting for the bitcoin dust to settle.
The $1.12 billion BTCI turns two years old in October and has rapidly become royalty in the bitcoin income ETF ***** e. The actively managed BTCI writes or sells options on a pair of well-known spot bitcoin ETFs, ensuring a solid liquidity profile. It's a smart income move, as highlighted by a 30-day SEC yield 2.13% — a percentage previously unthinkable with crypto ETFs.
BTCI's status as an income-generating bitcoin avenue is potentially attractive at a time when some market participants are apprehensive about what comes next for the dominant digital currency.
#Bitcoin #btci #Crypto
Bitcoin, the largest digital currency by market capitalization, is showing signs. It surpassed the psychologically important $65,000 level and is higher by nearly 3% for the week ending July 21.
It remains to be seen if months of cryptocurrency frustration are nearing an end. The same is true regarding a bitcoin bottom. However, with the CLARITY Act close to passing and bullish price action of late, crypto investors may have credible reasons to get back in the game. Thanks to the NEOS Bitcoin High Income ETF (BTCI), market participants can earn compensation while waiting for the bitcoin dust to settle.
The $1.12 billion BTCI turns two years old in October and has rapidly become royalty in the bitcoin income ETF ***** e. The actively managed BTCI writes or sells options on a pair of well-known spot bitcoin ETFs, ensuring a solid liquidity profile. It's a smart income move, as highlighted by a 30-day SEC yield 2.13% — a percentage previously unthinkable with crypto ETFs.
BTCI's status as an income-generating bitcoin avenue is potentially attractive at a time when some market participants are apprehensive about what comes next for the dominant digital currency.
#Bitcoin #btci #Crypto
14 days ago
Senate Majority Leader John Thune told reporters Thursday the Protect College Sports Act is not likely to reach the floor for a vote before the session ends in two weeks.
The bipartisan bill introduced in May by Sens. Ted Cruz (R-Texas) and Maria Cantwell (D-Wash.) addresses a wide-range of issues in college sports, from eligibility and transfer rules to regulations for compensating players.
The bill, which advanced out of committee last month, has drawn support from the NCAA and many Division I conferences, but not the Big Ten and SEC, the wealthiest and most powerful leagues. Advancing through committee markup is the furthest a college sports bill has made it in Congress; a House bill called the SCORE Act advanced through committee last year but never got to the floor for a vote.
Big Ten and SEC officials have been working with Cruz, Cantwell and other co-sponsors in recent weeks to modify the bill. The two conferences have a variety of issues with the bill, including spending limits it would impose on player compensation and restrictions on conference expansion.
Lawmakers have said there has been some progress on those negotiations, but the bigger issue appears to be the legislative calendar. The senate has only two weeks left in the session before going on summer recess starting Aug. 8.
#committee #cantwell #floor #vote
The bipartisan bill introduced in May by Sens. Ted Cruz (R-Texas) and Maria Cantwell (D-Wash.) addresses a wide-range of issues in college sports, from eligibility and transfer rules to regulations for compensating players.
The bill, which advanced out of committee last month, has drawn support from the NCAA and many Division I conferences, but not the Big Ten and SEC, the wealthiest and most powerful leagues. Advancing through committee markup is the furthest a college sports bill has made it in Congress; a House bill called the SCORE Act advanced through committee last year but never got to the floor for a vote.
Big Ten and SEC officials have been working with Cruz, Cantwell and other co-sponsors in recent weeks to modify the bill. The two conferences have a variety of issues with the bill, including spending limits it would impose on player compensation and restrictions on conference expansion.
Lawmakers have said there has been some progress on those negotiations, but the bigger issue appears to be the legislative calendar. The senate has only two weeks left in the session before going on summer recess starting Aug. 8.
#committee #cantwell #floor #vote
14 days ago
The San Francisco 49ers drew opinions earlier this offseason when they took Ole Miss wide receiver De'Zhaun Stribling with the No. 33 pick of the 2026 NFL Draft, with ******* ysts perceiving the pick as a slight reach, given that he was a consensus late second-rounder.
However, several reports came out following the draft that Stribling was seen higher by the NFL than the media and was expected to be a second-round pick, with the 49ers not wanting to risk losing the wideout with another trade down.
Standing 6'2, 210 pounds, Stribling ran a 4.36 40-yard dash and was one of the more physically impressive wide receivers in the draft. San Francisco clearly had an affinity for the wideout, as head coach Kyle Shanahan and general manager John Lynch revealed after the draft that Stribling would've been the team's pick at No. 27 overall, where the 49ers were initially slated to pick.
But the team was able to pick up additional draft compensation and move back to No. 33, where they ultimately still took Stribling.
Earlier this week, ESPN's Adam Schefter revealed that one of the teams interested in Stribling was the Los Angeles Rams, with some even believing the Ole Miss product was the best receiver in the draft.
#pick #earlier #took #wide
However, several reports came out following the draft that Stribling was seen higher by the NFL than the media and was expected to be a second-round pick, with the 49ers not wanting to risk losing the wideout with another trade down.
Standing 6'2, 210 pounds, Stribling ran a 4.36 40-yard dash and was one of the more physically impressive wide receivers in the draft. San Francisco clearly had an affinity for the wideout, as head coach Kyle Shanahan and general manager John Lynch revealed after the draft that Stribling would've been the team's pick at No. 27 overall, where the 49ers were initially slated to pick.
But the team was able to pick up additional draft compensation and move back to No. 33, where they ultimately still took Stribling.
Earlier this week, ESPN's Adam Schefter revealed that one of the teams interested in Stribling was the Los Angeles Rams, with some even believing the Ole Miss product was the best receiver in the draft.
#pick #earlier #took #wide
