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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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At least 6 police killings occurred in the 24 hours after a verdict was reached in Chauvin trial

At least six police killings took place in the 24 hours after a verdict was reached in the murder trial of former Minneapolis police officer Derek Chauvin, AP reports.

Why it matters: As many nationwide breathed a collective sigh of relief after a jury on Tuesday found Chauvin guilty in the murder of George Floyd, some of the six deaths prompted renewed calls for justice and an end to police violence.

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2020 was a record-breaking year for the wealthiest people in the world

A historically bad year for the global economy was also a record-smashing one for the wealthiest people on the planet.

Driving the news: The 35th annual Forbes world billionaires list — out today — had a record number atop its list who largely saw their net worth skyrocket.

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LeBron James and private equity firm to buy into Boston Red Sox

Boston Red Sox majority owner John Henry has agreed to sell a roughly 11% stake in the team's parent company to RedBird Capital Partners, Axios has confirmed with a source close to the situation. Separately, LeBron James has acquired around a 1% stake in the club.

Why it matters: It's a massive return on investment for Henry, who in 2001 paid what was then a record $700 million for the Red Sox. This deal values its parent company, Fenway Sports Group, at around $7.3 billion.

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The sports shutdown of 2020: One year later

A year ago today, Utah Jazz star Rudy Gobert returned a positive COVID-19 test, triggering the sports shutdown of 2020.

The backdrop: During the week prior, the U.S. had surpassed 100 cases (March 2), the world had surpassed 100,000 (March 6) and sports leagues had closed their locker rooms to media members.

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