The FOS 5: The Week's Best Stories
How the Federal Reserve Impacted the Commanders' Sale
The Washington Commanders' bidding process could have been stalled because of one thing out of Dan Snyder's control: the Federal Reserve. The cost of borrowing has increased to tamp down inflation with rate hikes. The prime rate is currently at 8%, the highest since 2007. That rate impacts not only the would-be controlling owner of an NFL franchise.?
76ers Owner Strikes Tentative Deal for Commanders
A group led by Philadelphia 76ers and New Jersey Devils owner Josh Harris has agreed to a deal to purchase the Washington Commanders, potentially ending a controversial ownership era under Daniel Synder. Harris's group, which includes billionaire industrial firm co-founder Mitchell Rales and NBA legend Magic Johnson — and is expected to include others — will pay about $6 billion for the Commanders.
Cavinder Twins End College Careers, Look to Future
Haley and Hanna Cavinder, who will not use their fifth year of eligibility, will leave a legacy as two of the earliest stars of the NIL era. The twins rose to national prominence while playing for Fresno State in 2021-22 when they garnered millions of followers on social media and started inking deals on the first day of the NIL era.
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The Green Jacket Has Mass Appeal and Almost Nobody Can Get One
It costs a mere $250 to manufacture, but the Masters' coveted green jacket symbolizes success and exclusivity. You could beat the best golfers in the world at The Masters Tournament.?Or you could gain membership to America's most exclusive — and exclusionary — private club. In a country of 336 million people, there are only 300 or so members of Augusta National Golf Club.
NBA League Office to Tighten Finances Amid Economic Headwinds
The NBA has implemented hiring freezes and other cost-cutting measures around its office. NBA employees were told to cancel some off-site meetings or host them virtually while other expenses related to travel and entertainment are being cut.?Commissioner Adam Silver said last year that the NBA expected to make about $10 billion in revenue for its 2021-22 season.?
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They Said What?
"The way we conceptualize the strike zone is based on the way humans have called the strike zone for a long time. It's not a perfect strike zone. It tends to give more latitude in certain situations, to certain pitchers … The [robotic umpire's] perfect strike zone gets rid of those human touches."
—?Sports?Illustrated's Emma Baccellieri on the difference between strike zones called by robots vs. regular umpires during an episode of?Front?Office?Sports?Today.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
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