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December 6, 2022

MLB Free Agent Frenzy Crosses $1B Mark

MLB teams have spent an astronomical amount just a few days into this year’s Winter Meetings in San Diego. After Trea Turner and the Phillies agreed to a $300 million deal, total spending reached $1.05 billion — with Justin Verlander (Mets) and Jacob deGrom (Rangers) leading the way. But this is only the beginning. Aaron Judge, Carlos Correa, Xander Bogaerts, Carlos Rodon, and Dansby Swanson are each expected to land blockbuster deals before the new season.

Read more on the MLB’s biggest offseason signings here.

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Nike Parts Ways with Kyrie Irving

Seven-time NBA All-Star Kyrie Irving is no longer a Nike athlete, NBA Insider Shams Charania confirmed after extended whispers. Earlier this NBA season, the guard posted a link to an antisemitic film to his social media profiles and was reticent to apologize in the aftermath. In early November, Nike suspended Irving’s Kyrie 8 shoes days before their launch. Irving’s original deal was set to expire Oct 1, 2023. At the time, Nike co-founder Phil Knight told CNBC “[Kyrie] made some statements that we just can’t abide by, and that’s why we ended the relationship. I was fine with that.” Irving, 30, reportedly made $11 million annually off his Nike shoes, making it one of the most popular shoes in the Nike lineup.

Boardroom’s Anthony Puccio has the details.

NFL Enables Sportsbook Streaming for First Time

Over the weekend, the NFL made history yet again. After years of maintaining a stringent stance against sports betting, the shield has identified the potential it brings to the league’s bottom line. Caesars Sportsbook became the first platform of its kind to stream an official NFL match-up, with Sunday night’s Cowboys blowout of the Colts. It is only the beginning of the growing relationship between the NFL and sportsbooks.

Jay-Z Eyes Times Square for NYC Casino Venture

Shawn Carter is building his book of business yet again. Roc Nation, the talent management and media firm founded by Jay-Z, has entered the race to secure the right to open a casino complex at 1515 Broadway in New York City’s Times Square. “New York is a beacon, the epicenter of culture,” said Jay-Z in a statement. “We have the opportunity to create a destination at the heart of Times Square, the true crossroads of the world.” Caesars suggested that the endeavor has the potential to drive an additional seven million annual visitors and $166 million in retail revenues in and around Times Square.

Boardroom’s Sam Dunn has all the details.

Stephen Curry Revealed as Sports Illustrated's "Sportsperson of the Year"

Stephen Curry has had a hell of a 2022. His résumé for this year alone includes an NBA title and Finals MVP trophy, an enduring three-point record, countless business and charitable endeavors, and a college degree. Now, the Warriors star is gracing the cover of Sports Illustratedas this year’s Sportsperson of the Year.

Fear of God Sets Date for Highly-anticipated Launch

Jerry Lorenzo has been teasing the Fear of God for a long time. The designer’s bespoke fashion label will finally release the ETERNAL collection on Dec. 7. The new line includes classic menswear silhouettes for both men and women, and is fronted by actor and model Luka Sabbat and Jasmine Daniels.

Jerry Lorenzo joined The ETCs last season to discuss the inspiration behind his creations.

Harry Styles Drives Madison Square Garden to Record-setting Profits

Harry’s House took over MSG for 15 nights, and the results were impressive. Madison Square Garden topped Billboard’s list of venues for 2022, bringing in nearly 2 million fans and just over $241 million. The end-of-year list also reveals that September marked the biggest month in touring (since data began tracking in 2019), driven, in large part, by Bad Bunny’s stadium tour.