Regina Garcia Cano Associated Press Published 10:43 AM EDT Jun 8, 2019 Baltimore – For NBA and MLB executives, a cut of sports betting revenue is pretty much a no-brainer. The wagers wouldn’t even exist, they argue, without their teams playing the games, so they should be paid and sportsbooks should be required to use their data to determine the outcomes of bets. The problem for the leagues has been convincing anyone else in the sports betting world. They’ve been rejected by lawmakers in at least 10 states on both payments and the use of official stats, weakening their positions for private deals with sportsbooks beyond the benefits of vast marketing muscle. But giving casinos a taste of official data this season has given MLB and the NBA new confidence as they attempt to negotiate agreements under deadlines. The newest argument: Pay us up front or give us a cut of what’s bet on our games, or lose our data feeds and good luck setting and settling in-game … [Read more...] about NBA, MLB using data to try to get a cut of sports betting
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Ryan Ford Detroit Free Press Published 9:00 AM EDT Jun 7, 2019 The Detroit Tigers inked their No. 1 pick, high school outfielder Riley Greene of Oviedo, Florida, to a contract worth approximately $6.1 million in bonus money this week. Greene was the 211th high school outfielder drafted in the first round since the draft began in 1965, and the 58th taken in the top 10 in that span. Let's check out some of the highs and lows of the high school outfielders taken in the top 10. 2016-18: Too soon to tell? Just four high-school outfielders were taken in the top 10 from 2016-18. While none of them have reached the majors, they’ve had mixed results. Mickey Moniak, who went 1-1 to the Phillies in 2016, is hitting just .258/.301/.378 in four seasons in the minors. The Phillies have promoted him aggressively, though, starting him this season in Double-A, where he’s hitting .259 as a 21-year-old. The best prospect in the group appears to be Jarred Kelenic, who went sixth to the … [Read more...] about Detroit Tigers’ high-school outfielder bet could pay off big
Jamie L. LaReau Detroit Free Press Published 6:00 AM EDT Jun 5, 2019 General Motors is hedging its bets to meet national emissions standards by turning to Tesla Inc. as insurance of sorts. People who buy gasoline-powered cars ultimately foot the bill. GM and Fiat Chrysler Automobiles disclosed to the state of Delaware earlier this year that they have reached agreements to buy federal greenhouse gas credits from electric carmaker Tesla, Bloomberg first reported. Selling those credits has been a key for Tesla's revenue for years. But it's the first time automakers have openly acknowledged they rely on Tesla to help them meet increasing U.S. environmental regulations. Tesla has reported almost $2 billion in revenue from the sale of regulatory credits since 2010, Bloomberg reported. But this revelation should open consumers' eyes that every gasoline-powered car they buy subsidizes Tesla's existence, say industry observers. … [Read more...] about GM, FCA strike a deal with Tesla that consumers subsidize
Dave Birkett Detroit Free Press Published 5:21 PM EDT Mar 25, 2019 PHOENIX — With Matthew Stafford's big contract an impediment to signing a top-tier veteran backup, Detroit Lions general manager Bob Quinn said Monday the team continues to explore other options to land its No. 2 quarterback for 2019. "You guys understand like our salary situation at the quarterback position, it’s up there, so there’s only so much you can do in terms of signing a top-end, top-end backup just with the salary that comes with that," Quinn said. "But there’s other avenues to get quarterbacks and we’re going to look at all of them." Stafford is entering Year 2 of a five-year, $135 million extension that, at the time, made him the highest paid quarterback in the NFL. He's now the league's fifth highest paid player, behind Aaron Rodgers, Matt Ryan, Kirk Cousins and Jimmy Garoppolo, but with a cap number of $29.5 million this fall he still takes up more than 15 … [Read more...] about Matthew Stafford’s contract makes it hard to sign backup QB
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page Hiawatha Bray Globe Staff December 07, 2018 Have we reached peak iPhone?For more than a decade, consumers couldn’t get enough of Apple’s beloved smartphones. But that may be changing. The latest hint comes from Apple itself, which during the Christmas shopping season is offering trade-in deals on its newest phones.It’s just one of many signs that have sent Apple’s stock reeling: The shares have lost a quarter of their value since October. Advertisement Does all of this add up to a fateful turning point for Apple? Perhaps — and that might not be such a bad thing. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news, delivered weekdays. Thank you for signing up! Sign up for more newsletters here Consider the fate of Microsoft Corp. Once the world’s dominant tech company, … [Read more...] about Apple’s holiday deals: a sign of weakness, or a clever move to boost revenue?