Welcome back to The Varsity—your favorite private email about all the money and the power coursing through the sports business. Happy Dan Hurley Contract Day to all who celebrate.

It’s been a week since the NFL’s disastrous $14 billion Sunday Ticket verdict, but it’s still top of mind in the industry. Matt Belloni and I dissected the verdict and its implications on his essential podcast, The Town, last week. And this morning, the inimitable Tony Kornheiser had me on his show to discuss the second-order ramifications. Give a listen if you can.

This is your final warning: The next person I catch forwarding this email will be forced to manage Marchand’s ’24 Democratic mini-primary bid.

Let’s get to it…

1. NWSL’s next media deal: Bob Iger and Willow Bay are still a couple weeks from finalizing their “his and hers” deal to buy a $50 million controlling stake in Angel City F.C. at a $300 million post-money valuation—news first broken, of course, by my partner Dylan Byers. Iger has long hunted for a foothold in professional sports, whether it was his attempt to...