Sports News
The "Sports News" section is home to everything you could ever need to know about the world of athlete wealth. Major contract negotiations, billionaire team owners, Floyd Mayweather's $300 million paydays... plus every other noteworthy story involving sports and money that you need to know about.
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Teams Are Paying More For Guys To Defend Wide Receivers Than They Are For Actual Receivers
Today's NFL is all about featuring the passing game. As a result, even unproven quarterbacks are getting paid $18 million a season. However, while the offense does win games, it's the defense that wins championships. Teams are willing to pay, to make sure the guys the quarterbacks throw to, can't catch the ball.
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FC Barcelona Superstar Neymar Latest Soccer Player To Have Legal Issues Over Unpaid Taxes
With the amount of money that soccer stars like FC Barcelona's Neymar make, you would think they would hire someone to make sure they pay their taxes. FC Barcelona superstar Neymar has become the latest to have legal issues because of unpaid taxes.
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In 1993, The NFL Was Worth $3.64 Billion – You Won't Believe What It's Worth Today
Back in 1993, all 28 teams in the NFL were worth a combined $3.64 billion. Fast forward to 2015, and one team is worth more than that. LIke to guess at what the value of the whole league is now?
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Russell Okung And The Worst $53 Million Contract Ever
Russell Okung was looking to prove that a player could serve as his own agent and not have a fool for a client. When he announced he had signed a five-year, $53 million deal, it sounded like he proved agents were not entirely necessary, but then details of his supposed deal became public. The perception of his deal quickly changed.
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Former College Athletes To See About $1600 Each From $60 Million EA Sports Settlement
The lawsuits against the NCAA, EA Sports, and the Collegiate Licensing Company began back in 2009, a decision in favor of the plaintiffs was handed down in 2014, and it appears that they are finally going to get paid.
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Soccer Star Neymar Ordered To Pay Over $50 Million For Tax Evasion
It looks like Neymar is going to have to pay a decent chunk of change to the Brazilian government as a result of tax fraud.
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San Antonio Spurs Superstar Kawhi Leonard Makes $18.8 Million A Season But Still Drives A '97 Tahoe
It's been reported that 78 percent of NFL players are either broke or financially stressed within five years of retirement – Kawhi Leonard will not be one of those guys.
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Anthony Davis Is Sitting Out The Rest Of The Season, And It's Going To Cost Him $24 Million
Out of playoff contention, the Pelicans just announced they're sitting Anthony Davis for the rest of the season. Will it cost him in the long run?
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NFL Teams Starting To Value Running Backs Once Again
With the passing game taking over most offenses in the NFL, running backs have seen their salaries shrink right along with their roles in the game plan. However, after the first week of free agency, it appears that the perceived value of running backs could be on the rise.
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An All-Star NBA Guard Just Invested In A Headphone Company
Which NBA point guard just threw his hat into the headphone ring?
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When Will NFL Teams Quit Overpaying Wide Receivers?
With the passing game having taken over the NFL, teams are left clamoring to find quality targets for their quarterbacks. As a result, they often end up paying guys they hope will be good much more than they are worth. So far, free agency is once again filled with overpaid receivers.
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Former Browns Owner Randy Lerner Has Lost $100,000/Day As Owner Of Aston Villa F.C.
Randy Lerner did not see a whole lot of success when he owned the Browns, but the team still increased in value. He has seen even less success since he bought the Aston Villa F.C. back in 2006. While the team has increased in value, it has lost money every season since he purchased it.
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Terrorist Threats May Make It Hard For France To Break Even Hosting The 2016 UEFA European Championship
France is spending close to $1.9 billion to get ready for hosting the 2016 UEFA European Championship, but may have a hard time making their money back if they end up having to play games without fans because of terrorist threats.
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Amateur Golfer Lee McCoy Turns Down $292,000 So He Can Finish His Senior Season In College
Not too many people could do what Lee McCoy did recently. The University of Georgia senior got to play in the Valspar Championship at the Innisbrook Resort in Palm Harbor, Florida – but that wasn't the tough part.
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NCAA Suffers Revenue Loss In 2015 Due To Bad Investments
The general public views the NCAA as a money-making machine, but that is not exactly the case. Most schools do not make enough from sports to pay for their programs, and last year the NCAA actually lost money.