Vijay Singh is suing the PGA Tour over doping allegations involving his use of deer antler spray. The suit charges the tour with violating its duty of care and good faith and exposing Singh to public humiliation and ridicule. Singh ultimately was cleared of any wrongdoing.
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Between mounts Golden Soul and Goldencents, it’s going to be a golden day on Saturday at Churchill Downs. While Golden Soul is a longshot at 50-1 odds, Goldencents—partially owned by Louisville basketball coach Rick Pitino, fresh off a NCAA championship—is one of the top picks at this year’s Run for the Roses. Will the winner of the 139th running of the Kentucky Derby be a Revolutionary, an Orb, a Palace Malice, or one of the golden guys?
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With profits up $15.3 million since 2008 and strong viewership across NBC’s networks attracting a wide swath of sponsors, the Kentucky Derby is certainly worth its weight in gold. Over the past five years, Churchill Downs boosted its profits by following stick-and-ball sports stadiums down the well-trod turf of seat licenses.
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The saga over the future of the Sacramento Kings finally appears to be over. The NBA’s relocation and finance committees unanimously rejected a bid to move the Kings to Seattle, this despite a purchase agreement between Kings owners the Maloof family had and a Seattle contingent led by investor Chris Hansen and Microsoft CEO Steve Ballmer.
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NBA TV viewership during the regular season was down from the record-setting 2011-12 campaign for all networks that broadcast games. Of the NBA’s TV partners, TNT experienced the biggest year-over-year drop in viewership at nearly 20%.
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Baseball and softball were eliminated from the Olympic program after the 2008 Games in Beijing. When the International Olympic Committee meets later this year to consider readmitting the sports to the Summer Games, they’ll be deciding with tepid support from Major League Baseball.
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In April, Emirates Airlines signed a five-year deal to sponsor the French Open, starting next weekend in Paris. With the deal, the airline is set to challenge French bank BNP Paribas, title sponsor of the French Open, the tournament at Indian Wells, a fall ATP event in Paris, and the Madison Square Garden “Showdown,” as tennis’ top benefactor.
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The NFL Draft is upon us, and the league’s 32 teams are working tirelessly to improve the roster they put on the field. At the same time, the NFL and its broadcast partners are making sure that their spring selection process—now the league’s second-most popular special event behind the Super Bowl—continues to be appointment viewing with its millions of fans. What started as a simple way for teams to select college players, the NFL Draft has grown into a big business over the last thirty years.
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In all my years in the sports business, here’s something I’ve never seen before. Lucas Oil CEO Forrest Lucas, whose company’s name adorns the NFL stadium in Indianapolis, is upset with the lack of primetime home games on the Colts’ 2013 schedule. Lucas is particularly unhappy that of the Colts’ six primetime games this season, only one is in Indianapolis.
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On the court, the Miami Heat and the Orlando Magic are trending in opposite directions. The Heat are aiming for their second straight NBA championship, while the Magic finished the regular season with the league’s worst record. The teams could be heading in opposite directions off the court as well, only with the Magic holding the upper hand.
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