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Welcome to Wednesday! What better way to use the World Cup rest day than to explore the sports biz?! Tell your friends and colleagues to subscribe!
In today's edition: America's obsessed with the other football, explaining NBA exceptions, a multi-lingual dream job, ticket market volatility, extreme sports business, and more.
Time to show you the money...
(Heather Diehl/Getty Images)
The USMNT crashed out of the World Cup in disappointing fashion Monday, leaving a bitter aftertaste from an otherwise sweet experience and complicating the on-field legacy of a group that showed moments of incredible promise.
Paradigm shift: As it turns out, though, the group's legacy might be driving a pigskin-obsessed nation to watch the other football with a veracity typically reserved only for fall Sundays and Mondays. It's not what it looks like, Roger — we promise!
Are you ready for some fútbol? From the opening kick against Paraguay, American viewers showed up for this tournament like never before, establishing viewership records for soccer telecasts in the United States and then breaking them repeatedly. As the American Outlaws grew in numbers, viewership across Fox and Telemundo tested levels seen only for some of the NFL's most prized broadcasts.
Not just US, them too: The unprecedented viewership extends beyond the Stars and Stripes, with records falling at a frantic pace in non-USMNT games.
Combine and conquer:CNBC's Alex Sherman reported Tuesday that FIFA will likely look to sell the English- and Spanish-language U.S. broadcast rights together for the 2030 and 2034 World Cups. According to the report, media executives are budgeting between $1.5 and $2 billion per tournament for those rights, and Netflix, Disney, and YouTube could be among the suitors.
Looking ahead: Fox is paying a reported $485 million to broadcast this World Cup, a sum most agree is a massive bargain; the NFL-level viewership numbers have effectively eliminated any suggestions to the contrary. Whether English and Spanish rights are sold as a package or separately, the price will rise dramatically, even if the U.S. obsession with the other football is a transient fling.
As we surge through the apex of NBA free agency, teams are carefully pursuing all options to build a winning roster within the complex bounds of the CBA. Among the most frequently mentioned roster-building tools are the mid-level exceptions that teams use to make quality signings while extending beyond the salary cap. But these tools vary dramatically in usefulness based on a team's cap situation.
(Kevin C. Cox/Getty Images)
$15.044 million (Non-Taxpayer Mid-Level Exception)
A team with payroll above the salary cap but below the first luxury tax apron has access to the Non-Taxpayer Mid-Level Exception. This offseason, the Celtics used it to sign Mitchell Robinson after dealing their way out from under a heavy tax bill last season. The use of the NTMLE confirms that the team is now "hard-capped" at the first apron — meaning their payroll can't climb into luxury tax territory since they've used the Non-Taxpayer exception.
Interesting analysis: The extension given to the Celtics' other big man, Neemias Queta, ranks as the best contract of the offseason's first week, according to a model from Stephen Noe of The Sporting News.
(Alex Goodlet/Getty Images)
$9.366 million (Mid-Level Exception for Room Teams)
Teams with room under the salary cap can use an MLE worth over $9 million, lower than the NTMLE, since they already have cap room available for signing players. After shedding LeBron James' $53 million cap hit, the Lakers became a team with room, and their addition of Collin Sexton is expected to make use of the related exception.
(Ezra Shaw/Getty Images)
$6.064 million (Taxpayer Mid-Level Exception)
Teams already operating over the first luxury tax apron are limited to the vastly less valuable TMLE. These deals last a maximum of three years, shorter than the four years for the NTMLE but longer than the two for the Room Exception. Teams operating above the second apron cannot use it, and those that do are hard-capped at the second apron. For these reasons, the TMLE is less frequently deployed, with teams opting to stay under the first apron or spend past the second. The Warriors' 2025-26 Al Horford signing is one example of the TMLE in action.
Shohei Ohtani talks with his current Dodgers interpreter, Will Ireton. A new hire for the Phillies will hope for similar Major League impact. (Sean M. Haffey/Getty Images)
Welcome to "Dream Job," where we explore some of the most fascinating and desirable job openings in the sports industry. Along the way, we'll learn just how diverse the sea of sports opportunities really is.
On Monday, the Philadelphia Phillies signed 17-year-old Taiwanese pitcher Ho Hua. The same day, they posted a new job opening: Mandarin Interpreter.
Flatten the learning curve: At only 17, Hua will have to navigate an entirely foreign culture and language, all while trying to progress through the gauntlet that is minor league baseball. The person hired for this post is responsible not only for reducing the stress of the language barrier but also for acting as a trusted cultural liaison. Among the listed responsibilities:
Down on the farm: If — like many — you don't have world-class pitching or hitting abilities, but — unlike many — you want a taste of the minor league grind, this could be the job for you… assuming you speak Mandarin.
Taiwan to the big leagues: With his debut this spring, Tigers infielder Hao-Yu Lee became the 19th Taiwanese player to reach the MLB. Within the Phillies organization, pitcher Wen-Hui Pan is the 12th-ranked prospect, and he earned a roster spot in the upcoming MLB All-Star Futures Game. Hua's addition highlights the growing presence of Taiwanese players but also the continued pursuit of international talent, despite the associated personnel needs.
Dark discredit: Shohei Ohtani's interpreter, Ippei Mizuhara, showcased the risks of the high degree of trust inherent in these confidant relationships, pleading guilty to charges relating to massive theft from the Japanese star. Those with similar aspirations would be best served by withholding their applications.
(Stacy Revere/Getty Images)
Big 12 lands Monster deal: The Big 12 announced Monster Energy as an entitlement partner for football and men's and women's basketball, titling the regular seasons for those sports "Monster Energy Big 12 Football" and "Monster Energy Big 12 Basketball." Monster branding will also appear on co-branded conference jersey patches and on-field and on-court logos.
Worth the squeeze? Sports Business Journal reports that the multiyear deal is worth $20 million annually, with schools expected to receive around $1 million per year.
Gotham FC move to Etihad: Gotham FC will play its home games at the new Etihad Park in Queens, starting in 2028. The move from New Jersey makes home games accessible to 3 million additional people within a 75-minute public transportation commute. The club will maintain roots in New Jersey via its new dedicated training facility.
MJ re-signs with Upper Deck: Continuing a relationship that began in 1991, Upper Deck announced Tuesday that Michael Jordan has extended his agreement with the company, becoming a "legacy partner." The partnership allows Upper Deck to exclusively produce Jordan's authentic, autographed collectibles.
Biggest media deal in Australian history: The sports-media-rights surge extends to the farthest reaches of the globe, as Australia's National Rugby League secured seven-year broadcast deals with Foxtel, Nine, and Sky NZ worth $3.7 billion. The deals, which are the richest in Australian sports history, eclipse the Australian Football League's $3.1 billion package.
See what else is trending on the Yahoo Sports Business Hub.
(TicketData: World Cup M100)
With Argentina down 2-0 to Egypt, sitting on the brink of exit, the get-in price for their presumed quarterfinals match began a roller-coaster ride not for the weak of stomach.
Round trip: The price dipped from a first-half peak of $1,744 to a low of $953 with Egypt's grip firmly on the game. Argentina's frenzied comeback quickly snapped the price back above $2,000, as fans resumed their pilgrimage to Arrowhead for Messi's ongoing miracle act.
Hang on: Prices stabilized over $2,000 until… Colombia lost to Switzerland via penalty kicks, erasing a CONMEBOL showdown from the slate and lopping $700 off the price, before the get-in eventually found stasis above $1,500.
Moving target: The secondary ticket market swings in real time, producing gut-wrenching volatility that would make stock market participants blush.
(Yahoo Finance Power Players)
Yahoo Finance's Brian Sozzi recently spoke with two titans of the extreme sports world: Olympic snowboarder Scotty James and BMX superstar Nigel Sylvester. Though both operate at the peaks of their respective sports, their prowess and passion extend to the boardroom, where their appeal as brand partners and investors has blossomed.
Scotty James on the unique appeal of the sports business: James's competitive ambitions extend beyond his still-active career on the mountain, charting a path into the business of sports through his investment in the X Games and interest in future ventures of a similar nature. He cites the fast feedback loop as a part of the industry's personal appeal.
"If you're in Formula 1 or the Tour de France, the athletes can be the roadmap for changing the business. A discussion on Monday can change the result on the weekend and improve the franchise over time. I really love that quick return in terms of feedback. I really love that in sport, and I think it's pretty unique"
(Yahoo Finance Power Players)
Nigel Sylvester on the importance of authentic storytelling: Sylvester has built a massive brand that transcends BMX, becoming one of Nike's top collaborators (with several of the most coveted sneaker releases in a down moment for the industry) and creating a YouTube series with over 100 million views. His understanding of stories that resonate is more acute than most, and it's why he has mastered the power of saying no to opportunities that threaten authenticity.
"Not all money is good money. Opportunity could be there, and it's a great check, but if it doesn't align with your brand ethos or long-term vision, that's usually when I say no to things. For me, it's always been about longevity, and that power of no and of being strict and selective keeps what I do very pure and exclusive. And it lets people know that I'm not just here for a check."
(Luke Hales/Getty Images)
The USMNT bowed out of the World Cup against Belgium on Monday night at this stadium, where — pursuant to FIFA's clean venue policy — the corporate sponsor's name has been covered.
Question: What is the name of the stadium when it's not in use for the World Cup?
Hint: Severance.
Answer at the bottom…
Lacrosse is one of the fastest-growing sports in the U.S — a reality underscored by last week's PLL investment news. And through a new partnership with Inside Lacrosse, Yahoo Sports will be able to cover it with more depth than ever before.
Just launched: The Yahoo Sports website features a new hub dedicated to lacrosse, with in-depth coverage spanning the sport. Readers can expect:
Check it out: The Yahoo Sports Lacrosse Hub.
Trivia Answer: Lumen Field, or — in FIFA parlance — "Seattle Stadium." The company in Apple TV's Severance is "Lumon," but you caught our drift if you watch it.
Thanks for reading! Wanna talk shop? Follow me on X and Linkedin, or drop me a line: [email protected].
Continue reading...
In today's edition: America's obsessed with the other football, explaining NBA exceptions, a multi-lingual dream job, ticket market volatility, extreme sports business, and more.
Time to show you the money...
America’s affair with the “other” football
You must be registered for see images attach
(Heather Diehl/Getty Images)
The USMNT crashed out of the World Cup in disappointing fashion Monday, leaving a bitter aftertaste from an otherwise sweet experience and complicating the on-field legacy of a group that showed moments of incredible promise.
Paradigm shift: As it turns out, though, the group's legacy might be driving a pigskin-obsessed nation to watch the other football with a veracity typically reserved only for fall Sundays and Mondays. It's not what it looks like, Roger — we promise!
Are you ready for some fútbol? From the opening kick against Paraguay, American viewers showed up for this tournament like never before, establishing viewership records for soccer telecasts in the United States and then breaking them repeatedly. As the American Outlaws grew in numbers, viewership across Fox and Telemundo tested levels seen only for some of the NFL's most prized broadcasts.
Group Stage Average:Fox: 17.1 million, Telemundo: 7.1 million, Total: 24.2 million. The opening match against Paraguay was briefly the most-watched English-language World Cup telecast in American history. The U.S. group-stage games averaged 24.2 million viewers, just ahead of the 23.5 million averaged by "Sunday Night Football" last season.
Round of 32:Fox: 26.4 million, Telemundo: 9.8 million, Total: 36.2 million. The 2-0 win over Bosnia obliterated the record set in the group stage. Last season's most comparable NFL game was the Divisional Round matchup between the Patriots and Texans, which averaged 38 million viewers to become the most-watched ESPN event ever.
Round of 16:Fox: 30.0 million, Telemundo: 12.0 million, Total: 42.0 million. It's important to note that these numbers are preliminary and will surely rise once finalized; the Bosnia match viewership increased by 8% from preliminary to final numbers, which would see the Belgium viewership lifted to over 45 million, a figure on par with the Rams-Bears Divisional Round thriller on NBC.
You must be registered for see images attach
Not just US, them too: The unprecedented viewership extends beyond the Stars and Stripes, with records falling at a frantic pace in non-USMNT games.
Last Monday, Netherlands-Morocco notched 10.6 million viewers on Fox alone, becoming the most-watched English-language, non-USMNT, non-final World Cup telecast in history in the U.S. Its time atop the throne lasted three days.
Thursday's match between Portugal and Croatia quickly rewrote the record books, as 11.1 million viewers tuned in for one of the last chapters of Cristiano Ronaldo's storied international career. In all likelihood, that record will soon fall, too, perhaps multiple times over.
Combine and conquer:CNBC's Alex Sherman reported Tuesday that FIFA will likely look to sell the English- and Spanish-language U.S. broadcast rights together for the 2030 and 2034 World Cups. According to the report, media executives are budgeting between $1.5 and $2 billion per tournament for those rights, and Netflix, Disney, and YouTube could be among the suitors.
Looking ahead: Fox is paying a reported $485 million to broadcast this World Cup, a sum most agree is a massive bargain; the NFL-level viewership numbers have effectively eliminated any suggestions to the contrary. Whether English and Spanish rights are sold as a package or separately, the price will rise dramatically, even if the U.S. obsession with the other football is a transient fling.
Price Tags: NBA Free Agency Edition
As we surge through the apex of NBA free agency, teams are carefully pursuing all options to build a winning roster within the complex bounds of the CBA. Among the most frequently mentioned roster-building tools are the mid-level exceptions that teams use to make quality signings while extending beyond the salary cap. But these tools vary dramatically in usefulness based on a team's cap situation.
You must be registered for see images attach
(Kevin C. Cox/Getty Images)
$15.044 million (Non-Taxpayer Mid-Level Exception)
A team with payroll above the salary cap but below the first luxury tax apron has access to the Non-Taxpayer Mid-Level Exception. This offseason, the Celtics used it to sign Mitchell Robinson after dealing their way out from under a heavy tax bill last season. The use of the NTMLE confirms that the team is now "hard-capped" at the first apron — meaning their payroll can't climb into luxury tax territory since they've used the Non-Taxpayer exception.
Interesting analysis: The extension given to the Celtics' other big man, Neemias Queta, ranks as the best contract of the offseason's first week, according to a model from Stephen Noe of The Sporting News.
You must be registered for see images attach
(Alex Goodlet/Getty Images)
$9.366 million (Mid-Level Exception for Room Teams)
Teams with room under the salary cap can use an MLE worth over $9 million, lower than the NTMLE, since they already have cap room available for signing players. After shedding LeBron James' $53 million cap hit, the Lakers became a team with room, and their addition of Collin Sexton is expected to make use of the related exception.
You must be registered for see images attach
(Ezra Shaw/Getty Images)
$6.064 million (Taxpayer Mid-Level Exception)
Teams already operating over the first luxury tax apron are limited to the vastly less valuable TMLE. These deals last a maximum of three years, shorter than the four years for the NTMLE but longer than the two for the Room Exception. Teams operating above the second apron cannot use it, and those that do are hard-capped at the second apron. For these reasons, the TMLE is less frequently deployed, with teams opting to stay under the first apron or spend past the second. The Warriors' 2025-26 Al Horford signing is one example of the TMLE in action.
️ Dream Job: Mandarin in the Minors
You must be registered for see images attach
Shohei Ohtani talks with his current Dodgers interpreter, Will Ireton. A new hire for the Phillies will hope for similar Major League impact. (Sean M. Haffey/Getty Images)
Welcome to "Dream Job," where we explore some of the most fascinating and desirable job openings in the sports industry. Along the way, we'll learn just how diverse the sea of sports opportunities really is.
On Monday, the Philadelphia Phillies signed 17-year-old Taiwanese pitcher Ho Hua. The same day, they posted a new job opening: Mandarin Interpreter.
Flatten the learning curve: At only 17, Hua will have to navigate an entirely foreign culture and language, all while trying to progress through the gauntlet that is minor league baseball. The person hired for this post is responsible not only for reducing the stress of the language barrier but also for acting as a trusted cultural liaison. Among the listed responsibilities:
Provide real-time English-to-Mandarin and Mandarin-to-English interpretation for a designated player.
Assist with communication during practices, games, meetings, workouts, medical appointments, and team activities.
Support the player with day-to-day logistics, scheduling, and travel coordination as needed.
Serve as a cultural liaison between the player and Phillies staff.
Travel extensively based on the player's assignment within the Minor League system.
Down on the farm: If — like many — you don't have world-class pitching or hitting abilities, but — unlike many — you want a taste of the minor league grind, this could be the job for you… assuming you speak Mandarin.
Taiwan to the big leagues: With his debut this spring, Tigers infielder Hao-Yu Lee became the 19th Taiwanese player to reach the MLB. Within the Phillies organization, pitcher Wen-Hui Pan is the 12th-ranked prospect, and he earned a roster spot in the upcoming MLB All-Star Futures Game. Hua's addition highlights the growing presence of Taiwanese players but also the continued pursuit of international talent, despite the associated personnel needs.
The Phillies 2025-26 international signing class spans 10 countries, heightening the demand for interpreters (the club is also hiring for a Korean Interpreter).
While Spanish-language interpreters are common among MLB clubs (they're required to have at least two), interpreters for Asian players tend to be one-to-one assignments.
Dark discredit: Shohei Ohtani's interpreter, Ippei Mizuhara, showcased the risks of the high degree of trust inherent in these confidant relationships, pleading guilty to charges relating to massive theft from the Japanese star. Those with similar aspirations would be best served by withholding their applications.
Lightning Round
You must be registered for see images attach
(Stacy Revere/Getty Images)
Big 12 lands Monster deal: The Big 12 announced Monster Energy as an entitlement partner for football and men's and women's basketball, titling the regular seasons for those sports "Monster Energy Big 12 Football" and "Monster Energy Big 12 Basketball." Monster branding will also appear on co-branded conference jersey patches and on-field and on-court logos.
Worth the squeeze? Sports Business Journal reports that the multiyear deal is worth $20 million annually, with schools expected to receive around $1 million per year.
Gotham FC move to Etihad: Gotham FC will play its home games at the new Etihad Park in Queens, starting in 2028. The move from New Jersey makes home games accessible to 3 million additional people within a 75-minute public transportation commute. The club will maintain roots in New Jersey via its new dedicated training facility.MJ re-signs with Upper Deck: Continuing a relationship that began in 1991, Upper Deck announced Tuesday that Michael Jordan has extended his agreement with the company, becoming a "legacy partner." The partnership allows Upper Deck to exclusively produce Jordan's authentic, autographed collectibles.
Biggest media deal in Australian history: The sports-media-rights surge extends to the farthest reaches of the globe, as Australia's National Rugby League secured seven-year broadcast deals with Foxtel, Nine, and Sky NZ worth $3.7 billion. The deals, which are the richest in Australian sports history, eclipse the Australian Football League's $3.1 billion package.
See what else is trending on the Yahoo Sports Business Hub.
️ Chart of the Day
You must be registered for see images attach
(TicketData: World Cup M100)
With Argentina down 2-0 to Egypt, sitting on the brink of exit, the get-in price for their presumed quarterfinals match began a roller-coaster ride not for the weak of stomach.
Round trip: The price dipped from a first-half peak of $1,744 to a low of $953 with Egypt's grip firmly on the game. Argentina's frenzied comeback quickly snapped the price back above $2,000, as fans resumed their pilgrimage to Arrowhead for Messi's ongoing miracle act.
Hang on: Prices stabilized over $2,000 until… Colombia lost to Switzerland via penalty kicks, erasing a CONMEBOL showdown from the slate and lopping $700 off the price, before the get-in eventually found stasis above $1,500.
Moving target: The secondary ticket market swings in real time, producing gut-wrenching volatility that would make stock market participants blush.
️ Notable Quotables: The Extreme Sport of Business
You must be registered for see images attach
(Yahoo Finance Power Players)
Yahoo Finance's Brian Sozzi recently spoke with two titans of the extreme sports world: Olympic snowboarder Scotty James and BMX superstar Nigel Sylvester. Though both operate at the peaks of their respective sports, their prowess and passion extend to the boardroom, where their appeal as brand partners and investors has blossomed.
Scotty James on the unique appeal of the sports business: James's competitive ambitions extend beyond his still-active career on the mountain, charting a path into the business of sports through his investment in the X Games and interest in future ventures of a similar nature. He cites the fast feedback loop as a part of the industry's personal appeal.
"If you're in Formula 1 or the Tour de France, the athletes can be the roadmap for changing the business. A discussion on Monday can change the result on the weekend and improve the franchise over time. I really love that quick return in terms of feedback. I really love that in sport, and I think it's pretty unique"
You must be registered for see images attach
(Yahoo Finance Power Players)
Nigel Sylvester on the importance of authentic storytelling: Sylvester has built a massive brand that transcends BMX, becoming one of Nike's top collaborators (with several of the most coveted sneaker releases in a down moment for the industry) and creating a YouTube series with over 100 million views. His understanding of stories that resonate is more acute than most, and it's why he has mastered the power of saying no to opportunities that threaten authenticity.
"Not all money is good money. Opportunity could be there, and it's a great check, but if it doesn't align with your brand ethos or long-term vision, that's usually when I say no to things. For me, it's always been about longevity, and that power of no and of being strict and selective keeps what I do very pure and exclusive. And it lets people know that I'm not just here for a check."
️ LET'S PLAY: (UN)CLEAN VENUE
You must be registered for see images attach
(Luke Hales/Getty Images)
The USMNT bowed out of the World Cup against Belgium on Monday night at this stadium, where — pursuant to FIFA's clean venue policy — the corporate sponsor's name has been covered.
Question: What is the name of the stadium when it's not in use for the World Cup?
Hint: Severance.
Answer at the bottom…
Introducing the Yahoo Sports Lacrosse Hub
You must be registered for see images attach
Lacrosse is one of the fastest-growing sports in the U.S — a reality underscored by last week's PLL investment news. And through a new partnership with Inside Lacrosse, Yahoo Sports will be able to cover it with more depth than ever before.
Just launched: The Yahoo Sports website features a new hub dedicated to lacrosse, with in-depth coverage spanning the sport. Readers can expect:
Content from Inside Lacrosse, the Premier Lacrosse League (PLL), the Women's Lacrosse League (WLL), The Lacrosse Network (TLN), and USA Lacrosse Magazine.
Comprehensive coverage of high school, collegiate, and professional lacrosse. This includes breaking news, in-depth written stories, video analysis, game highlights, and more.
News from USA Lacrosse, the official national governing body of lacrosse, helping fans get ready for the sport's highly-anticipated return to the Olympic Games in 2028.
Check it out: The Yahoo Sports Lacrosse Hub.
Trivia Answer: Lumen Field, or — in FIFA parlance — "Seattle Stadium." The company in Apple TV's Severance is "Lumon," but you caught our drift if you watch it.
Thanks for reading! Wanna talk shop? Follow me on X and Linkedin, or drop me a line: [email protected].
Continue reading...
