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Barely a month after Skydance’s $110 billion merger with Warner Bros. Discovery closed, the media titan is pressing ahead with plans to bundle, and then fully combine, the Paramount+ and HBO Max streaming services. Sports will be a central component of the company’s heightened entry into the streaming wars.
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—Eric Fisher
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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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Smoothie Shortage
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Stephen Lew-Imagn Images
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$195 million
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That’s the funding gap for a development project to renovate the Pelicans’ home arena and turn the surrounding area into an entertainment district, according to reporting from the The Times-Picayune/NOLA. Earlier this year, Pelicans and Saints owner Gayle Benson presented her plans for the Smoothie King Center, a $420 million project for which she committed $150 million. Meanwhile, Louisiana Gov. Jeff Landry is reportedly ready to earmark $95 million from the state budget if state legislators agree. But the Superdome Commission, the quasi-governmental organization that runs the arena, is hard-pressed to find the remaining funds after completing a half-billion-dollar renovation of the Caesars Superdome in 2024.
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DAILY SPORTS TRIVIA
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Can you rank the top five NHL players by most career assists?
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FIRST AT FOS
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LeBron and KD Team Up on Youth Basketball
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Jayne Kamin-Oncea-Imagn Images
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A new youth boys basketball league backed by Nike athletes LeBron James and Kevin Durant will launch in April 2027, and its season will overlap with Nike’s competing Elite Youth Basketball League. Futures Basketball League was founded by a group that includes James’s LRMR Ventures and Durant’s Boardroom Sports Holdings.
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In addition to LRMR and Boardroom, other “founding partners and team owners” include Derrick Rose (an Adidas athlete) and Paolo Banchero (who is with Jordan Brand), as well as entrepreneur Gary Vaynerchuk and Jason Stein and Daniel Haimovic of investment firm SC Holdings.
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The league will feature 100 of the top boys basketball prospects in the U.S. across 12 regional teams. Players will earn NIL compensation and can pursue NIL deals outside the league, including with sneaker brands. The first players will be announced “in the weeks ahead.”
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The debut season of Futures Basketball League will tip off in April 2027; EYBL’s season runs from late April through May.
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LOUD AND CLEAR
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Gotham’s Turf Troubles
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Brad Penner-Imagn Images
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“We exhausted every possible avenue before making this decision.”
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—Gotham FC co-owner Carolyn Tisch Blodgett announcing that the NWSL team will move its semifinal playoff game against the Kansas City Current on Sunday to 5,000-seat Icahn Stadium in Manhattan. Gotham typically plays at the New York Red Bulls’ 25,000-seat Sports Illustrated Stadium in New Jersey. But players and coaches complained about the playing surface during Saturday’s quarterfinal win over the Seattle Reign, which drew a reported 11,328 fans.
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Tisch Blodgett added: “We are deeply disappointed that so many of our fans will now be unable to experience this moment alongside our team. Our players deserve a playing surface that meets the standards of a professional semifinal, and our fans deserve the opportunity to support them. We have worked tirelessly to deliver on both and are disappointed that we cannot.”
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YOUR MORNING LISTEN
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NFL trade deadline day, Dianna Russini speaks, CFP doubles to 24, and more
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Listen Now >
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Question of the Day
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Do you think Skydance will add more sports rights to its combined streaming service?
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Monday’s result: 18% of respondents watched WTGL or the NWSL playoffs on Sunday.
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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