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☆ Ex-Morgan Stanley advisor charged with defrauding NBA players out of $13 million
▼ + stars: | 2023-03-23 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Former Morgan Stanley advisor Darryl Cohen was arrested on Thursday morning for allegedly defrauding current and former NBA players including Jrue Holiday, Chandler Parsons and Courtney Lee. Three others, including former NBA players agent Charles Briscoe, were also charged. Cohen was an advisor for Morgan Stanley from 2015 to 2021, according to his Financial Industry Regulatory Authority profile. The DOJ said in its indictment document that the alleged fraud schemes took place from roughly 2017 to 2020. "We fully cooperated with the investigation and have resolved clients' claims related to Mr. Cohen," Morgan Stanley said in a statement.

☆ Hey, Bing, Help Me Overcome My Fear of College Basketball
▼ + stars: | 2023-03-15 | by ( ) www.nytimes.com time to read: +15 min

I’m still learning so I appreciate your understanding and patience.🙏Do you know a lot about college basketball, and do you enjoy talking about it? Why are people so obsessed about the college basketball brackets? I've never filled out a college basketball March Madness bracket, and I heard that it's virtually impossible to do completely accurately, even if you predict the winner. When filling out my college basketball bracket, should I just guess according to what team names I like the best? :)I’m afraid I can’t fill out a March Madness bracket, as I’m just a chat mode of Microsoft Bing search.

☆ Ivy League’s Agreement to Ban Athletic Scholarships Is Illegal, Lawsuit Says
▼ + stars: | 2023-03-07 | by ( Melissa Korn | ) www.wsj.com time to read: 1 min

The lawsuit was filed by current and former basketball players from Brown University. The eight schools that make up the Ivy League engage in illegal price-fixing by not awarding athletic scholarships, alleges a lawsuit filed Tuesday by current and former Brown University basketball players. While all Division I athletic programs award financial aid to selected athletes, Brown, Harvard, Yale and the other Ivies have for years agreed to provide only need-based financial aid to students, including athletes. According to the suit, that agreement violates federal antitrust law, and harms recruited athletes who otherwise could have gotten scholarships covering tuition and fees, or been eligible for reimbursement on thousands of dollars of other school-related expenses under National Collegiate Athletic Association regulations.

☆ Shorter people may live longer than most—and the reasons why may surprise you
▼ + stars: | 2023-02-24 | by ( Renée Onque | ) www.cnbc.com time to read: +4 min

It is widely believed, and backed by science, that women outlive men, but there is new talk of the role your height might play in longevity — specifically, shorter people may live longer than taller people. Here are their theories about why shorter people may live longer than their opposites. The lifespans of shorter people appear to be longer than their taller counterparts, the paper says. David Sinclair Co-founder and Scientific Advisor of Tally HealthYet, height isn't the only reason women live longer. Robine's hypothesis for why women live longer is simply this: "Women are more resistant to mortality [and] to death than men because they are just resisting more to difficulties."

No one thought LeBron James would overtake Kareem Abdul-Jabbar to become the N.B.A.’s career scoring leader when he came to the league as an 18-year-old. The line for LeBron James is just past the 38,387 points scored by Kareem Abdul-Jabbar. Table showing the scoring totals for Kareem Abdul-Jabbar and Lebron James, broken down by type of shot. Career points by age for top 250 scorers Line chart showing career points for the top 250 scorers in N.B.A. The line for LeBron James is just past the 38,387 points scored by Kareem Abdul-Jabbar.

☆ Brittney Griner's return could be the unlikely catalyst that forces the WNBA to relent on its most contentious policy
▼ + stars: | 2023-01-29 | by ( Meredith Cash | ) www.businessinsider.com time to read: +10 min

WNBA free agency is underway, with teams receiving the green light to recruit stars as of this weekend. Top free agent Breanna Stewart has reportedly made charter flights a key issue for teams wooing her. Private flights are not covered by the league's CBA, but Brittney Griner's return may force policy changes. The 2018 MVP took to Twitter to announce that she's prepared to help "subsidize charter travel for the entire WNBA" by offering her "NIL, posts + production hours." Several current WNBA players, including Nneka and Chiney Ogwumike, Elena Delle Donne, Napheesa Collier, Alysha Clark, Erica Wheeler, Kahleah Copper, and Natalie Achonwa, offered their support in the comments.

☆ Iconic Kobe Bryant jersey up for auction, expected to fetch up to $7 million
▼ + stars: | 2023-01-12 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Images of Bryant in the jersey have garnered worldwide recognition since the basketball star's sudden death three years ago. Sotheby's is listing a Kobe Bryant jersey, worn in 25 games during his 2007-2008 MVP season. The company said it expects the jersey to sell for between $5 million and $7 million in the online auction. An iconic piece of Kobe Bryant memorabilia is hitting the auction block, and it's expected to be his most valuable item ever to go up for sale. Sotheby's made headlines in September for selling Michael Jordan's 1998 "Last Dance" jersey for $10.1 million, a record-breaking auction.

But when she finally spoke to Omogun-Broadnax a couple days later about being the face of her sports agency centered on Black female college athletes, McLean said she felt an immediate connection. “It’s really important for Black athletes to have that kind of representation because it provides another sense of protection. The pair of 33-year-old attorneys, who served as clerks in the same circuit court in Maryland, talked for years about creating an agency that could advance the careers of Black female athletes. “Black female athletes are some of the most talented human beings on this planet,” Omogun-Broadnax said. Solace’s focus on Black female athletes gives the agency a rare niche.

☆ Paul Silas, 3-time NBA champion, longtime coach, dies at 79
▼ + stars: | 2022-12-11 | by ( The Associated Press | ) www.nbcnews.com time to read: +6 min

Silas, whose son, Stephen Silas, is coach of the Houston Rockets, was 79. “We mourn the passing of former NBA All-Star and head coach Paul Silas,” NBA Commissioner Adam Silver said. “Paul’s lasting contributions to the game are seen through the many players and coaches he inspired, including his son, Rockets head coach Stephen Silas. “I coached LeBron for two years, his first two years, and LeBron was unbelievable,” Paul Silas said. “I am deeply saddened to hear of the passing of Creighton legend Paul Silas,” Bluejays coach Greg McDermott said.

☆ Factbox: Brittney Griner, U.S. basketball star caught up in Russia crisis
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +4 min

[1/2] U.S. basketball player Brittney Griner, who was detained at Moscow's Sheremetyevo airport and later charged with illegal possession of cannabis, stands inside a defendants' cage before a court hearing in Khimki outside Moscow, Russia August 4, 2022. REUTERS/Evgenia Novozhenina/Pool/File PhotoDec 8 (Reuters) - A U.S. official said on Thursday that U.S. basketball star Brittney Griner, who had been jailed in Russia in charges of possessing and smuggling illegal drugs, was now in U.S. custody. Russia said she had been traded for Viktor Bout, a Russian arms dealer jailed in the United States. Brittney Griner, 32, is a double Olympic champion and seven-times All-Star player in the U.S. Women's National Basketball Association (WBNA). Known as "BG" to basketball fans, she has played for UMMC Ekaterinburg in Russia during the WNBA winter off-season since 2014.

☆ RJ Barrett and Jalen Brunson on partnering with American Express and NBA 2K on a 2K23 'Lab,' acclimating to New York, and the Knicks' path in the East
▼ + stars: | 2022-12-08 | by ( John Lynch | ) www.businessinsider.com time to read: +9 min

New York Knicks guards RJ Barrett and Jalen Brunson spoke to Insider about their participation in an "American Express x NBA 2K23 Lab" activation in Manhattan this week. I play 2K with my friends all the time. Uh, I will say, we score a lot of points in the paint, so I don't know, maybe that's an advantage there, I guess. For the most part, I don't really play as myself, but I have a lot of people who I know who play as me. I don't really understand like the whole stigma of why everyone is like, "Lefties are always going left," and all this other stuff.

☆ When Mark Cuban bought the Dallas Mavericks, he refused an office or big desk—here's why
▼ + stars: | 2022-11-26 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

But when Mark Cuban bought the Dallas Mavericks for $285 million in January 2000, he didn't get his own floor-to-ceiling windows or a mahogany desk. "I wanted everybody that worked with me to see that if I asked them to do it, I'll do it," Cuban told GQ. He bought the team because he thought he could make it better and sell more tickets, he said. When he bought the team that January, Cuban said he put his desk in the center of the bullpen. Cuban's method appears to have worked, as the Dallas Mavericks' team value has steadily increased over the years.

A handful of creators are in Qatar, or heading there in the next few weeks, to help capture the best moments from the 2022 World Cup. This year’s World Cup, which has been shrouded in controversy, kicked off Sunday. In a Short posted earlier this week, de la Haye captured his dad's reaction when he told him they're going to the World Cup. "Every World Cup ... faithfully, we sit and home and support our team." He will be filming from the semifinal and final matches, but made a comedic Short with his World Cup predictions.

☆ Kyrie Irving rejoins Nets, apologizes for hurt his actions caused
▼ + stars: | 2022-11-20 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

NEW YORK (AP) — Kyrie Irving returned to the Brooklyn Nets on Sunday and apologized to anyone who felt threatened or hurt when he posted a link to a documentary with antisemitic material. Irving was suspended by the team on Nov. 3, hours after he refused to say he had no antisemitic beliefs when meeting with reporters at the Nets’ practice facility. Back at the building for the team’s morning shootaround, Irving said he should have handled that interview differently. “I don’t stand for anything close to hate speech or antisemitism or anything that is going against the human race,” Irving said. But the Nets praised Irving on Sunday for the steps he has since taken.

☆ How Nike's Air Jordan 1 became — and remained — the most prized lifestyle sneaker
▼ + stars: | 2022-11-19 | by ( Matthew Kish | ) www.businessinsider.com time to read: +8 min

Nike on Saturday will release the Air Jordan 1 Chicago "Lost and Found"Some collectors consider it the "most iconic sneaker of all time." "The Air Jordan 1 is the most iconic sneaker of all time," said Jordan Geller, a sneaker collector and former owner of the ShoeZeum who in 2020 sold a pair worn by Jordan for a record $560,000. Michael Jordan wearing the Air Jordan 1 in 1985. AP Photo/Marcio Jose SanchezScarcity, storytelling, collaborations and the "Last Dance"After 1985, The Air Jordan 1 didn't re-release in original specs until 1994. "All of those releases are coveted by sneaker collectors and the 'Lost and Found' Air Jordan 1 will be as well," Geller said.

CNN —Brooklyn Nets owner Joe Tsai says he believes Nets star Kyrie Irving “does not have any beliefs of hate towards Jewish people.”Tsai tweeted on Friday: “Clara and I met with Kyrie and his family yesterday. We spent quality time to understand each other and it’s clear to me that Kyrie does not have any beliefs of hate towards Jewish people or any group. The 30-year-old NBA star apologized on his Instagram account after his suspension was announced. Earlier in the week, NBA commissioner Adam Silver said he believes that Irving is not antisemitic following a meeting between the two. Silver said the Nets along with the league will consult to decide when Irving can return from suspension.

☆ Kyrie Irving: 'I oppose all forms of hatred' and take responsibility for post about antisemitic film
▼ + stars: | 2022-11-03 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Phil-Helsel-Circle-Byline-Template.Jpg | Phil Helsel | ) www.nbcnews.com time to read: +2 min

Brooklyn Nets star Kyrie Irving and his team will each donate $500,000 to fight hate in the wake of backlash from Irving’s tweet about a movie that has been described as antisemitic, they said in a statement Wednesday. “I oppose all forms of hatred and oppression and stand strong with communities that are marginalized and impacted every day,” Irving said. “I am aware of the negative impact of my post towards the Jewish community and I take responsibility. The NBA on Friday and the National Basketball Players Association on Tuesday issued statements condemning antisemitism and other hate speech. Irving has denied he is antisemitic, and on Saturday, he described himself as an “OMNIST,” a person who believes in all religions.

☆ Women's basketball influencers are the most engaging college athletes for brands, according to new data. Here are the top creators.
▼ + stars: | 2022-10-28 | by ( Colin Salao | ) www.businessinsider.com time to read: +2 min

Data shows the top 10 women's basketball athletes include the Cavinder Twins and Paige Bueckers. The apparel giant's signings show that major companies are embracing NIL deals with women's basketball student-athletes, and data shows why. Women's basketball athletes posted the highest engagement rate with a 9.4% engagement rate on TikTok, which is nearly 10 times higher than standard influencers. The company averaged the engagement rates of individual athletes to determine the overall engagement rate for each subset of athletes. Here are the top 10 women's basketball athletes and their engagement rates during the first year of NIL:

☆ Women's basketball players get the highest engagement rates as influencers, according to new data. Here are the top 10 creators.
▼ + stars: | 2022-10-27 | by ( Colin Salao | ) www.businessinsider.com time to read: +2 min

☆ In the college sports pay era, female athletes are emerging as big winners
▼ + stars: | 2022-10-15 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +9 min

At a time of increased scrutiny about the pay gap between male and female athletes, the Nike deals show that female collegiate and amateur athletes are emerging as winners in the early days of the NIL era. "I think most people knew that women athletes in particular were going to see great opportunities," Rishe said. "That's why it's exciting to see, but not surprising to see a lot of female college athletes solidify various and sometimes lucrative NIL deals." Women's social media presence influences dealsClark ranks as the tenth most profitable college women's basketball player and Jones comes in twelfth, according to On3's "College Women's Basketball NIL Rankings." Female athletes already are doing their part in spreading the message about the future of women in sports and as public figures.

☆ Mali basketball players apologize after mixed zone fight
▼ + stars: | 2022-09-27 | by ( George Ramsay | ) edition.cnn.com time to read: 1 min

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☆ Mark Cuban fires business partners and NBA players for the same reason: 'A team can have 1 knucklehead, you can't have 2'
▼ + stars: | 2022-09-16 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

In boardrooms and on basketball courts, billionaire Mark Cuban says he's noticed one factor that consistently leads to success: team culture. He said he's fired business partners and traded basketball players because of their personalities — especially when the team has multiple self-centered or combative members. When he's hiring, Cuban specifically looks for people who can help make the workplace a better experience for others. "[They] may not have had the experience on the business side that we otherwise would have gone for," Cuban said. In basketball, Cuban said he doesn't necessarily screen new players for narcissism, but he has traded players to spark motivation within the team.

☆ How college athletes are getting paid from brand sponsorships as NIL marketing takes off
▼ + stars: | 2021-10-16 | by ( Dan Whateley | Colin Salao | ) www.businessinsider.com time to read: +13 min

In addition to brand deals, student-athletes have run branded training clinics and have been paid for appearances and autograph signings. Read about how much an FCS national champion who thought he would 'strike gold' with NIL deals actually earnedLike Sproles, Amherst College wide receiver Jack Betts thought he would profit significantly from the NIL deals, but quickly realized that it wouldn't be easy for a Division III athlete. However, by pitching himself to brands, Betts has been able to secure 35 NIL deals in 2022 alone. Some colleges and universities have developed policies to stop student-athletes from making brand deals that would interfere with their own lucrative sponsorship contracts. Here's Insider's list of 13 top companies helping student-athletes make money and shaping the future of NIL marketing

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