Lance Armstrong’s loss of support from Nike Inc. and other sponsors after the cyclist was tied to performance-enhancing drug use will cost him about $30 million in earning potential, according to a sports marketing agent.
Yao Ming, the Houston Rockets’ All- Star center and a national icon in China, retired from the National Basketball Association today after foot and ankle fractures limited him to five games the past two seasons.
Manchester City, the English Premier League team owned by Abu Dhabi’s Sheikh Mansour bin Zayed Al Nahyan, is close to being awarded a Major League Soccer expansion franchise in Queens, New York, for a record $100 million, three people with direct knowledge of the talks said.
The National Football League and its union, which had two players involved in three violent deaths in a week, may face increased pressure to improve how they help players with mental-health and substance-abuse issues because of fan expectations.
Billy Hunter made $3 million in salary this past year as executive director of the National Basketball Players Association, a 25 percent increase over what he earned while leading the union through a season-shortening lockout that resulted in missed paychecks for the organization’s members.