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January 11, 2024

Nick Saban Retiring After 17 Seasons at Alabama

Legendary college football coach Nick Saban is retiring from his post after 17 seasons at Alabama, he announced Wednesday. The 72-year-old won six national championships with the Crimson Tide in a 12-year span, while claiming a seventh title at LSU earlier in his coaching career. His seven total championships are the most of any college coach in the poll era. Saban has kept Alabama above .500 record-wise since 2008 and went 16-7 in bowl games. In what ended up being Saban’s final season on the sidelines, the Crimson Tide finished this last campaign with a 12-2 record, making it to the College Football Playoff before falling in the semifinals to the eventual champs in Michigan.

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SEC Grants Approvals, Laying Foundation for Bitcoin ETFs

After months of speculation, the Securities and Exchange Commission removed what is expected to be the final barrier to the creation of a Bitcoin exchange-traded fund (ETF). The Greyscale Bitcoin Trust is valued at an estimated $29 billion of the cryptocurrency and is likely to be converted to an ETF, going to market for trading as soon as Thursday. BlackRock, Fidelity, and Invesco were among 11 financial institutions granted approval for a spot Bitcoin ETF. In response to the news, Bitcoin surged back up over $46,500 after dropping in the wake of the SEC’s X page being compromised on Tuesday.

LeBron, Tatum, Butler, Edwards & Sabonis to be Featured in New Netflix Docuseries

Five NBA players are reportedly in the middle of filming a new Netflix docuseries modeled after the Quarterback documentary highlighting three NFL quarterbacks. LeBron James, Jayson Tatum, Jimmy Butler, Anthony Edwards, and Domantas Sabonis will be the NBA subjects of the upcoming series on Netflix, according to NBA insider Shams Charania. There’s no word on a release date yet. Charania added that LeBron’s SpringHill Company, Barack Obama’s Higher Ground Productions, and Peyton Manning’s Omaha Productions are all working together on the Netflix NBA production.

Erik Spoelstra, Miami Heat Reportedly Agree to 8-year, $120M Extension

The Miami Heat and head coach Erik Spoelstra have agreed to an eight-year extension worth $120 million, according to ESPN. The agreement will be the highest amount of money ever committed to a head coach in any North American sport. The 53-year-old has led the Heat to six NBA Finals appearances, winning two championships. Spoelstra started as the team’s video coordinator in 1995 and has been Miami’s head coach since 2008. The Heat find themselves fighting for a top-four seed in the Eastern Conference, with Miami, the Knicks, Pacers, Cavs, and Magic all within a game of each other.

Where does Spoelstra rank among the highest-paid NBA coaches? Boardroom breaks it down.

Amazon Laying Off Hundreds of Employees Across Prime Video, MGM & Twitch

In the latest influx of job cuts hitting the tech industry, Amazon is laying off employees in the Prime Video and MGM Studios divisions, as well as its subsidiary Twitch, to reduce costs. Twitch, an Amazon-owned video streaming platform, shared in a blog post on Wednesday its plans to cut just over 500 roles or roughly 35% of its workforce. Prime Video and MGM Studios will eliminate hundreds of jobs, according to an email sent to staff and obtained by CNBC.

Dwyane Wade to Feature Dirk Nowitzki, Tony Parker & Pau Gasol in Debut Podcast Episode

Miami Heat legend Dwyane Wade is launching a podcast series with iHeartPodcasts called “The Why with Dwyane Wade.” The debut two-part episode drops on Jan. 17, featuring a roundtable conversation with Wade’s fellow Hall of Fame inductees Dirk Nowitzki, Tony Parker, and Pau Gasol. Wade also revealed upcoming guests will include Carmelo Anthony, Rick Ross, Pat Riley, David Grutman, Lindsey Vonn, and more. “As someone who is always curious and wanting to learn, I am looking forward to sitting down with some of my friends, peers, and people I admire most to hear more about their ‘why’ and what motivates them to get up every day to do what they do,” Wade said about this new venture.

Kenny Beecham's Enjoy Basketball Teams Up with ESPN, Peyton Manning's Omaha Audio

On Wednesday, Omaha Audio and ESPN announced a partnership with digital content creator Kenny Beecham‘s Enjoy Basketball, a media and lifestyle brand for basketball fans to develop positive content. Co-founded by Beecham in 2022, Enjoy Basketball produces inspirational content, makes apparel, and publishes an NBA newsletter to over 500,000 fans three times a week. The popular podcast “Through the Wire” will be rebranded as “Numbers on the Board” and will be produced and distributed by Omaha Audio and ESPN moving forward. The partnership will also include developing new digital programs, alternate broadcasts, and branded content.

Be sure to check back into Boardroom for an exclusive interview with Kenny Beecham about his next move, dropping later on Thursday.