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LIV Golf, the PGA Tour rival once bankrolled by the Saudi PIF, is on life support. The league, which filed for Chapter 11 in September after losing PIF funding, planned to emerge from bankruptcy with $300 million in financing from BC Partners Credit. Under the deal, players would hold most of the equity, and BC would own almost half of the league. But that deal is now dead, a source tells Front Office Sports.
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—David Rumsey
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First Up
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Voters in Plano, Texas, rejected a ballot proposition that would have created taxes to partially fund a new arena for the Dallas Stars.
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With Lamar Jackson and backup QB Tyler Huntley facing extended absences, the 4–4 Ravens face the possibility of a lost season—and moving on from Jackson.
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After firing head coach Mike Norvell, Florida State is putting together a financial plan to acquire a stronger roster for next season.
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Voters in multiple states said yes Tuesday to ballot measures that would ban transgender athletes from participating in women’s and girls sports.
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SPONSORED BY NEW YORK LIFE INVESTMENT MANAGEMENT
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Breaking Down an NIL Deal
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NIL has created new opportunities for college athletes, but navigating this evolving landscape involves more than signing a brand deal. From understanding taxes and budgeting to planning for the future, financial education is becoming an increasingly important part of the conversation.
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In this episode of FOS Explains, presented by New York Life Investment Management, we explore how NIL deals come together and the role financial planning can play in helping athletes and their families navigate these new sources of income. Theresa Gralinski, head of the Advisor Advancement Institute at New York Life Investment Management, shares why building sound financial habits early can make a difference long after an athlete’s playing career ends.
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Watch the full video, and then check out this NIL Toolkit to learn more.*
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ONE BIG FIG
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The Buck Kristaps Here
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Mark J. Rebilas-Imagn Images
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$218,341
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That’s how much Kristaps Porziņģis is reportedly losing each game he sits out for the Warriors. Porziņģis signed a two-year, $40 million contract extension with Golden State in the offseason and is due $20 million this season. But the oft-absent center left the team before training camp with a medical issue and hasn’t returned. The Warriors changed his status from “general illness” to “not with team,” meaning his absence isn’t excused. Under the league’s collective bargaining agreement, players are contracted for 91.6 games—82 during the regular season and up to 9.6 during preseason. They can therefore be fined 1/91.6th of their annual salary for every game they are away from the team.
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DAILY SPORTS TRIVIA
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Can you list the last five unique Formula One world drivers’ champions in reverse chronological order?
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LOUD AND CLEAR
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Not a Dream Job
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Brett Davis-Imagn Images
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“It’s not a job that gives you love back.”
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—Atlanta Dream co-owner and former WNBA All-Star Renee Montgomery discussing the open league commissioner role. Commissioner Cathy Engelbert announced her retirement after seven years in the top job—during which the league expanded to 15 teams, viewership and attendance grew, and salaries soared. During that same stretch, Engelbert was taken to task by players and fans for insufficiently navigating culture wars.
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Montgomery told Front Office Sports that WNBA commissioner is a thankless job: “Somebody is always going to be mad.” Nonetheless, she has friends up for the post and says she’s cautioned them: “‘Are you sure you wanna enter that? Because it’s no joke.’”
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SPONSORED BY SPORTRADAR
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Built to Grow With Microsoft
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For Microsoft, sports data is table stakes. The right teammate is the real advantage.
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“We were really looking for a very strong data provider that could grow with us, not just in the near term, but for the long term,” says Geraldine Russell, head of AI data partnerships at Microsoft.
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Sportradar fit the bill. Its data already powers scores, summaries, and insights across Windows, MSN, Bing, and Copilot.
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That was the foundation. Now the two are setting their sights on co-innovation in AI, exploring new ways to bring sports to more fans around the world.
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Learn how Sportradar and Microsoft are building what’s next in sports, together. Watch Sportradar’s newest partnership story with Microsoft.
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YOUR MORNING LISTEN
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Team owners’ $100 million midterm miss, LIV’s $300M rescue collapses, Peyton tops MNF list, and more
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Listen Now >
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Question of the Day
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Do you think it’s better for golf if the PGA Tour has a rival league?
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Wednesday’s result: 28% of respondents watched Game 7 of the WNBA Finals.
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DISCLAIMER
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*This material has been developed to meet the needs of financial intermediaries.
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Results from collaboration strategies will vary by advisor and client and are not guaranteed. Success depends on engagement, specialist availability, and consistent execution.
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The Advisor Advancement Institute is a program within New York Life Investment Management. The views expressed are those of New York Life Investment Management LLC or, where identified, an independent third-party content creator, as of the date presented, and are subject to change without notice. “New York Life Investment Management” is the brand name and service mark used to represent a group of affiliated investment advisors of New York Life Insurance Company, including New York Life Investment Management LLC, a registered investment advisor.
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By sorecery