Club Sportico Launches Fan-Focused Sports Business Community sportico.com/business/media…

The internet is full of good amateur financial advice. It really is! You could join r/Bogleheads and have people cheer you on as you invest in low-cost index funds. Unfortunately that's small potatoes compared to viral TikTokers selling dimestore frauds slate.com/technology/202…

News: Florida State has struggled to start this season (0-2) despite an NIL team budget of around $12 million, a source briefed on FSU’s NIL strategy told The Athletic this week. More from Bruce Feldman ⤵️  nytimes.com/athletic/57457…

There's a big court hearing today on the future of college sports. Judge Wilken will review whether to preliminarily approve a multibillion dollar settlement to pay college athletes + transform the upper-echelon of D1 into a pro sports model. My preview: sportico.com/law/analysis/2….

Update on public records lawsuit against UW–Madison: For now, no clarity on whether public university foundations are subject to Wisconsin public records law. A thread on how this case began: jsonline.com/story/news/edu…

Sports journalist Daniel Libit requested contract UW-Madison had w/ Altius. UW-Madison said it had no responsive records. Libit pointed to the Altius announcement & asked again. UW-Madison said UW Foundation held the contract. Libit sued. jsonline.com/story/news/edu…

A judge just tossed the suit, saying Libit should have requested the contract held by the foundation. "It would be unreasonable to require a records custodian to assume that Libit intended to obtain a different contract, the one b/w UW Foundation & Altius," the judge wrote.

How would Libit know the UW Foundation held the contract when UW Athletics announced the partnership? Altius employees are listed on UW Athletics website. I didn't find any on the UW Foundation website. uwbadgers.com/staff-directory

I asked UW-Madison if it believes it accurately described the contract holder. A spox declined comment, saying case could be appealed. uwbadgers.com/news/2022/4/7/…

"They're misleading the public," Libit attorney Tom Kamenick told me. "They lied to the public basically, or at least were very cagey about how they described it. They said we have an agreement with Altius, & they didn't." jsonline.com/story/news/edu…

The NFL season begins today 🏈🎉 A thread of 10 charts 🧵🔟📊 explaining the business of the NFL 💵... (1) 93 of the 100 most-watched TV broadcasts last year were NFL games. The NFL can sell its media rights to CBS/FOX/NBC/ESPN/Amazon for huge amounts of money

Imo this is considerably more insulting to those sports than just not covering them

Here’s ⬇️ an update via Journal Sentinel on my public records lawsuit against UW–Madison and its foundation, which was dismissed after the foundation turned over a copy of its Altius Sports Partners agreement. The crux of the legal dispute remains unresolved. I’m weighing next options.

This is key: Judge Wilken just said "I think we have problems with this" and tells the NCAA and players' attorneys you need to come up with something better. She does not like the settlement restricting NIL opportunities and thinks it will take away from athletes' opportuities.

In summation as the hearing winds down... The NCAA’s House settlement is on hold, as Judge Claudia Wilken has ordered the parties to amend language in the settlement related to limiting third-party/booster pay to athletes. They will get back to her in three weeks.

What a night for sports law. The NCAA's epic, but not yet approved, settlement to resolve three big antitrust cases and reshape college sports into something like a pro league faced a skeptical judge. My keys from the hearing and what will happen next: sportico.com/law/analysis/2….

So, is it safe to say that the “Monday morning quarterbacks” may have been on to something??? 🤣 #NIL ⁦

My #NIL collective clients waking up today

Last night Donald Trump went after the NFL--again. Given the league's 2017 feud with Trump, when he called for a boycott, ratings tumbled and the league worried about sponsors, I'd imagine this is causing some sweats this AM. sportico.com/leagues/footba…

A huge decision faces Charlie Baker: accept the end of NCAA amateurism by revising the House settlement or take his chances in a trial and possibly at the U.S. Supreme Court. I write about that choice & why gambling on a win might be the better option: sportico.com/law/analysis/2….