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Jaylen Brown, Boston Celtics Agree to Historic Supermax Deal
Much has been made of the future of NBA All-Star wing Jaylen Brown. He has been one of the better two-way operators in the NBA since being drafted by the Boston Celtics and has helped his team to notable postseason success, but a championship title remains elusive after breaking through and winning the East in 2021-22. Thanks to a timely All-NBA selection in 2023, however, the Cal-Berkeley kid became eligible for a “supermax” extension at 35% of the salary cap, which put him in line to receive — whether you like it or love it — the single largest contract by total value in NBA history worth a maximum $304 million.
Industry Experts Reflect on the Intersections of Sports, Entertainment, & Culture at First-ever Boardroom x CNBC Game Plan Event
Boardroom and CNBC brought together some of the brightest minds in sports, entertainment, and media on Tuesday for the inaugural Game Plan event in Los Angeles. The day featured multiple panels, including keynote talks from Kroenke Sports & Entertainment founder Stan Kroenke and Boardroom co-founder Kevin Durant. Collectively, the group reflected on the evolving world of sports and how they will continue to grow amidst ever-changing markets.
Travis Scott Confirms 'Utopia' Release Date & First Iteration of Album Art
Travis Scott‘s Utopia era is nearly upon us. The Houston rapper took to Instagram to confirm the official release date for his upcoming album. After much anticipation, fans can stream the full project this Friday, July 28. Scott also unveiled one of the five album covers, which was shot by photographer Pieter Hugo. He captioned the image telling fans that the production of the album took him “all over the world” and teasing that he’ll drop a cover a day, beginning with the main version on Thursday, July 27.
Chargers QB Justin Herbert Signs Record-setting Contract Extension
On Tuesday, an already-unprecedented NFL offseason received its third contract extension worth more than a quarter of a billion dollars. The Los Angeles Chargers agreed to terms with quarterback Justin Herbert on a five-year extension worth $262.5 million — the second-largest contract in NFL history by total value but No. 1 by average annual value, surpassing previous records set this offseason by the Eagles’ Jalen Hurts and Lamar Jackson of the Ravens.
Spotify Adds 10M New Subscribers as Revenues Decrease in Newest Earnings Report
Spotify boosted its premium subscription rates for the first time in years this week. Immediately following the one-dollar increase, the company dropped its quarterly earnings report. The streaming giant eclipsed 220 million subscribers, marking a 17% increase year-over-year. Revenues were also up 11%, clocking in at $3.16 billion. Unfortunately, it wasn’t all good news for the Swedish company, as the results fell short of projections, leading to a 14% drop in stock value.
Luxury Auction Company TOP DRWR Launches with a Drop From Jimmy Butler's Personal Collection
Have you ever coveted an item owned by your favorite athlete or entertainer? TOP DRWR is launching a new marketplace that can turn those dreams into a reality. Co-founded by multi-platinum artist French Montana, the cutting-edge online platform is launching in partnership with Miami Heat star Jimmy Butler. The collection includes a set of items curated by Butler alongside stylists Calyann Barnett and Khalilah Beavers and The Shop Miami. Additionally, TOP DRWR integrates compelling storytelling behind each product to provide one-of-a-kind insights directly from key talent.
Joe Burrow Inks Long-term Deal with BODYARMOR
They say that Joe Burrow has ice water in his veins. Now, the Bengals quarterback announced that he is teaming up with BODYARMOR for a long-term partnership. In 2021, the sports drink company sold to Coca-Cola after netting an early $6 million investment from Kobe Bryant and the former hooper helped to take it to the national stage. Burrow joins an all-star selection of athletes who serve as brand ambassadors, including Alex Morgan, Donovan Mitchell, and Sabrina Ionescu. As part of the new deal, Burrow will star in a national campaign.
The Rock Donates 7 Figures to SAG-AFTRA Foundation Amid Strike
Dwayne Johnson stands in solidarity with the striking actors of SAG. The multi-hyphenate has reportedly delivered a seven-figure check to the SAG-AFTRA Foundation. The foundation’s president, actor Courtney B. Vance, discussed The Rock‘s generous donation, “This is him saying, ‘In such a time as this, I’m here and I’m not going anywhere, whatever you need me to do.’ And that sends a huge message to other folks to do the same thing.”