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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Nene Lost $4 Million, Thanks To A Rule In The NBA's CBA

Nene Lost $4 Million, Thanks To A Rule In The NBA's CBA

Jul 10, 2017

Nene thought he had signed a four-year deal with the Rockets. Thanks to a little-known rule, though, he ended up with just a three-year contract – and $4 million less.

By Signing With The Celtics, Gordon Hayward Has Given Up Millions Of Dollars

By Signing With The Celtics, Gordon Hayward Has Given Up Millions Of Dollars

Jul 10, 2017

Gordon Hayward will be one of the most sought-after free agents this summer. But if he leaves the Jazz, he'll be giving up millions of dollars. How much does he stand to lose by signing elsewhere?

Step Aside Steph Curry, James Harden Just Signed The Richest Contract In NBA History

Step Aside Steph Curry, James Harden Just Signed The Richest Contract In NBA History

Jul 8, 2017

James Harden is the latest player to sign a "supermax" deal, which will give him the biggest contract the NBA has ever seen.

Blake Griffin Just Earned Himself Millions Of Additional Dollars By Re-Signing With The Clippers

Blake Griffin Just Earned Himself Millions Of Additional Dollars By Re-Signing With The Clippers

Jul 7, 2017

Blake Griffin has never known what it's like to play for a team other than the Los Angeles Clippers. The Clippers just gave him millions of reasons not to find out.

How Losing All Of His Money Nearly Drove Clinton Portis To Commit Murder

How Losing All Of His Money Nearly Drove Clinton Portis To Commit Murder

Jul 6, 2017

Clinton Portis was once among the top running backs in the league. But lavish spending and poor choices in investments ended up costing him plenty – and it nearly cost him his freedom, too.

Professional Athletes Are Spending Millions On Pro Gaming

Professional Athletes Are Spending Millions On Pro Gaming

Jul 5, 2017

More and more traditional athletes are making the move into the growing eSports industry. With so much money pouring in, it's easy to see why!

The Time A 4th Of July Fireworks Accident Cost An NFL Player $60 Million And A Finger

The Time A 4th Of July Fireworks Accident Cost An NFL Player $60 Million And A Finger

Jul 4, 2017

Over the Fourth of July Weekend, New York Giants defensive end Jason Pierre-Paul had a fireworks-related accident that severely injured his hand. The incident was serious enough to cause the team to pull the long-term deal it had offered him off the table.

The Many Different Costs Hidden Inside An NBA Contract

The Many Different Costs Hidden Inside An NBA Contract

Jul 2, 2017

NBA players and multi-million dollar contracts go hand in hand. But sometimes that hefty number isn't nearly as big as it seems.

Steph Curry Just Signed The Richest Contract In NBA History

Steph Curry Just Signed The Richest Contract In NBA History

Jul 1, 2017

Steph Curry had long been one of the most underpaid superstars in the league. The Warriors made sure to change that this offseason.

Is The "Super Max" Designated Player Extension Actually Hurting NBA Teams Instead Of Helping Them?

Is The "Super Max" Designated Player Extension Actually Hurting NBA Teams Instead Of Helping Them?

Jun 30, 2017

The Designated Player Extension was supposed to give teams an advantage in re-signing their star players. But so far, it looks like it's doing more harm than good.

Not An NBA Lottery Pick? It Could Be Better To Get Drafted In The Second Round, Instead

Not An NBA Lottery Pick? It Could Be Better To Get Drafted In The Second Round, Instead

Jun 30, 2017

NBA rookies don't have a lot of mobility when it comes to their contracts. While players selected in the lottery are the beneficiaries of pretty good deals, it might almost be more advantageous for players to get drafted in the second round instead of late in the first.

Derek Carr Signs $125 Million Deal With The Oakland Raiders

Derek Carr Signs $125 Million Deal With The Oakland Raiders

Jun 29, 2017

Derek Carr just became a very wealthy man as a result of the huge contract he signed with the Oakland Raiders.

NY Jets Billionaire Owner Woody Johnson Tapped By President Trump To Be Ambassador To The U.K.

NY Jets Billionaire Owner Woody Johnson Tapped By President Trump To Be Ambassador To The U.K.

Jun 28, 2017

New York Jets owner Woody Johnson may have to give up overseeing the day-to-day operations of the team if he becomes the U.S. ambassador to the U.K.

UFC Fighter Nate Diaz Just Got Hit With A Million-Dollar Lawsuit

UFC Fighter Nate Diaz Just Got Hit With A Million-Dollar Lawsuit

Jun 28, 2017

Nate Diaz has had plenty of success in the UFC. But one of his fights may end up costing him a ton of money.

DraftKings Has Lost A TON Of Money Over The Past Few Years

DraftKings Has Lost A TON Of Money Over The Past Few Years

Jun 28, 2017

DraftKings has had commercials all over NFL games, but the company has been losing a lot more than it's been making. How bad is the damage?