Sharp money, operators and the business of sport. The line on the line.
ISABELLA'S ISLAYTransfer IntelligenceOct 9, 2:03 AM EDT
Jon Rahm's attorney announced in bankruptcy court proceedings that the golfer is leaving LIV Golf after restructured terms were deemed unacceptable.
ReadingThe bankruptcy court filing is the official record that LIV's new money terms cannot hold the players it signed. Rahm's departure validates every PGA Tour board member who bet on duration over immediate defection.
WatchRahm's PGA Tour reinstatement timeline. His agent will file for immediate membership. Majors eligibility follows within weeks.
HENRI IVCoaching & Front OfficeOct 9, 2:03 AM EDT
The Mets are moving toward hiring former Twins president of baseball operations Derek Falvey to a front-office job, according to multiple sources familiar with the negotiations.
ReadingThe Mets are paying for systems thinking, not past playoff runs. Falvey comes without a championship ring but with a template for sustained competitive floors in a tight budget.
WatchFalvey's first GM hire within the organization. Will he promote internal candidates or import his own lieutenants from Minnesota.
MACALLAN 1926Transfer IntelligenceOct 9, 2:03 AM EDT
The Guardians have taken both games in Chicago after trailing 2-0 in the best-of-five ALDS, forcing a decisive Game 5.
ReadingThe team that was supposed to fold twice is now the one holding the series. Chicago's brass is already calculating offseason reconstruction costs.
WatchGame 5 pitching assignments. Cleveland will throw their ace; Chicago cannot afford another bullpen collapse.
LOUIS XIIIAthlete EndorsementOct 9, 2:03 AM EDT
Agentiq Sports, a fintech platform allowing fans to indirectly invest in professional athletes' careers, announced $4 million in funding.
ReadingA $4M seed round for a platform nobody was asking for means the market believes fractional athlete stakes are the next tier of fan monetization.
WatchUser onboarding and first athlete partnerships. The pitch matters more than the product at this stage.
PAPPY 23Athlete EndorsementOct 9, 2:03 AM EDT
Jalen Duren eventually accepted Detroit's five-year, $200 million offer, but not before leaks of a fractured team-player relationship surfaced.
ReadingThe contract got signed at full value because the alternative — trading a $200M asset at discount — was worse for Detroit than absorbing the tension.
WatchHis next extension negotiation in three years. Duren will remember how hard this round was.
JOHNNIE BLUEAthlete EndorsementOct 9, 2:03 AM EDT
Kylian Mbappé's move from Nike to On shocked the world, but he is one of an increasing number of athletes using their image to leverage alternative footwear partnerships.
ReadingNike's stock at a 13-year low means the Swoosh cannot outbid equity-and-voice for the ··············· of franchise athletes.
WatchWhich Nike athlete under age 28 follows Mbappé to either On or another alternative house within the next six months.
WELL POURLeague ExpansionOct 9, 2:03 AM EDT
Today's guest columnist is Chris Koras, partner and head of sports at Working Capital Partners, discussing how private equity is now a player in MLB labor matchups.
ReadingIf private equity is funding players' legal defense and negotiation prep, the union's negotiating position is no longer independent.
WatchDisclosure of which player representatives have PE backing ahead of the next CBA cycle.
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