Well embedded moles in Lawrence continue to rave about Kansas freshman Luke Barnett.
Going to be a factor in the Jayhawks' rotation because of his shooting ability.
A name to monitor in the Big 12.
How do the Dodgers carry an unlimited payroll?
Filings uncovered by @NickNemo17 show roughly $1.45 billion in debt for American Media Productions, the entity behind SportsNet LA and the Dodgers' 25-year, $8.35 billion Charter deal, sitting on the balance sheets of 5 life insurance companies tied to or controlled by the Dodgers' own ownership group.
i.e. the Dodgers get a sweetheart deal on their TV rights from a media company their owners co-own, financed by insurance companies those same owners control.
Because ownership sits on both sides, as borrower and lender, the setup functions as a closed loop:
-When RSNs hit turbulence, banks enforce covenants or force restructuring. Here the lenders are insurers the owners manage, so the capital stays patient and cash flow to the team never gets choked.
-MLB taxes net local revenue at 34% but allows deductions for debt service and interest tied to running the network. Carrying $1.45 billion in media debt on AMP's balance sheet generates interest expense that shrinks reportable net TV income and the resulting revenue-sharing bill.
Then there's the payroll itself. Over $1 billion of it is deferred, owed to 9 players through 2047. Pushing that cash out frees up money today, some of which is going toward servicing that same debt, and kicks the actual bill to a stretch of decades many of today's owners won't be around for.
LA built a (seemingly illegal) structure that captures its own interest yield, shelters TV income from league revenue sharing, and helps fund payroll dominance in the process.
Mark Walter has been looking for cash to fund billions of dollars in loans for months, and he isn't just trying to sell his sports assets.
According to @Ourand_Puck, Mark Walter engaged Charter Communications to see whether the company wanted to exit its local TV deals for the Lakers and Dodgers several years early in exchange for a lump-sum payment, but those talks went nowhere.
The Dodgers currently have one of the best local TV deals in sports — 25 years, $8.35 billion for an average of $334 million annually — but Walter was willing to exit the deal early in exchange for upfront cash today.
That's crazy.
Mark Walter's timeline as Lakers owner:
•June 2025: Buys team from Buss family for $10B
•July 2026: Feds reportedly probing $16B in undisclosed loans tied to his empire
•August 2026: Sells to Josh Kushner & Bob Iger for record $12.5B
Convenient timing, to say the least.
I’m telling four major bank stories via documentary. One of the four is First Financial Bank in Abilene, Texas, the only bank in the country to earn an annual profit every year for over a century. The documentaries will, for the first time, give viewers an inside look into the finest banks in America. @FFBTexas
Karl-Anthony Towns says Jose Alvarado told him on “day 7” of celebratory drinking that he slept in a construction yard.
Towns adds he’s still not sure if it was a joke.
“He’s the hood MVP, for sure,” he said of Alvarado
Last time Scottie missed a cut.
• Taylor Swift was dating Joe Alwyn.
• Tom Brady was on the Bucs.
• The World Cup hadn’t started (the Qatar one).
• Alcaraz and Sinner had 0 slams.
• Elon did not own Twitter.