Evergreen breakdowns of how the business of sports actually works. Contracts, caps, exceptions, valuations. The rules underneath the headlines.
The cap isn't a hard limit — it's a threshold with three levels, six exceptions, and one hard wall that changed the league forever.
A Swiss nonprofit that generates $13B every four years by selling access to one month of soccer. Broadcasting, sponsorship, hosting, licensing — the machine behind the World Cup.
Why "guaranteed" money in the NFL isn't actually guaranteed the way you think it is.
Public estimates vs. actual liquid capital. Why most reported net worths are fiction.
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