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New laws, new rules bring big changes to college sports

The college sports landscape could change more in the next six months than it has in the last 50 years, as the NCAA grapples with new competition, new laws and new rules.

How it works... 1. Startup leagues: Investors are flocking to new leagues that aim to compete with the NCAA, evidence of just how much opposition there is to the amateurism model — and how much belief there is in new ones.


  • Driving the news: Sports media startup Overtime has raised $80 million ahead of the fall launch of its basketball league, which will offer high schoolers six-figure salaries to skip college. Investors include Jeff Bezos, Drake and 25 active and former NBA players.
  • Plus .... The Professional Collegiate League, which plans to pay college athletes, just inked a TV deal. And of course, the NBA's G League paid top recruits upwards of $500,000 to skip college this past season.

2. NIL legislation: Congress is expected to discuss a federal name, image and likeness law in the coming months, but more and more states are unwilling to wait for lawmakers — or the NCAA — to act.

  • The latest: 10 states have passed laws that will allow athletes to sign endorsement deals: Alabama, Arizona, California, Colorado, Florida, Michigan, Mississippi, Nebraska, New Jersey and New Mexico. 14 more have active bills.
  • What's next: Laws in Alabama, Arizona, Florida, Mississippi and New Mexico take effect in July. If the NCAA hopes to buy itself more time, it will need to file lawsuits in each state, notes ESPN's Dan Murphy.

3. Transfer rules: The NCAA Division I Council voted last week to grant all athletes the ability to transfer once and be immediately eligible.

  • Why it matters: This will fundamentally alter the college football and basketball landscapes, where transfer rates were already skyrocketing.
  • The big picture: While this is clearly the fair thing to do for athletes, it also creates what is essentially college sports' version of free agency.

Zoom out ... Major college sports are a uniquely American concept. Nowhere else in the world are elite high school athletes recruited to play for universities.

  • So, while it's hard for Americans to imagine the NCAA model being upended, it's worth remembering that it's hard for non-Americans to imagine it existing in the first place.

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Unpacking the role of climate change in Hurricane Ida's explosive intensification

Data: EPA; Chart: Sara Wise/Axios

Hurricane Ida jumped from a 105-mph Category Two hurricane on Saturday to a high-end Category 4 monster by Sunday morning, in a feat enabled by climate change, seasonal timing and a dose of bad luck.

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Why it matters: ABB FIA Formula E's all-electric street racing series, held in some of the world's most iconic cities, is meant to showcase EV technology in the very places electric cars are likely to have the biggest impact.

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The incredible S&P 500 has quietly delivered a fortune for investors

Give it up for the U.S. stock market. The S&P 500 has surged 14.4% from the beginning of the year through June 30, marking one of the strongest first halves of the year in history.

Why it matters: So far 2021 has been riddled with eye-popping moves in a handful of buzzy assets that grabbed everyone’s attention. And yet the stodgy U.S. stock market, propelled by booming earnings, has quietly delivered a fortune for investors.

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