Welcome back to The Varsity, my twice-weekly private email on everything from the owner’s box to the corner office. Happy Olympics!

My sartorial style has often been described as slightly more Banana Republic than Brunello Cucinelli, and I’ve certainly never donned a David Zaslav-style neckerchief. But that didn’t stop me from appearing on my Puck partner Lauren Sherman’s excellent podcast, Fashion People, this week to dive into what will be happening in Paris over the next fortnight. It posts tomorrow. Give it a listen.

The NBA media rights deal remains the most significant and shapeshifting storyline in the Varsity cinematic universe, of course, and it’s not over yet. Warner Bros. Discovery is preparing a legal suit in response to the NBA’s decision to deny its matching rights. I have much more on this below. But I’ve been struck by Bill Cohan’s masterful observation that WBD’s pending suit is merely a proxy battle in a larger war Zaslav wants to wage against the FAANGs. “He wants to be known as the guy … who saved Hollywood from the tech bros. It’s either going to be Disney, Paramount, Fox, WBD, and Comcast’s world, … or it’s all going to belong to Apple, Amazon, Google, and Netflix.” It’s a modern-day David vs. Goliath story, only this David gets paid ~$50 million a year and lives in Bob Evans’ house.

A final reminder to sign up here if you’re not already a subscriber. The next person we catch forwarding this will be forced to listen to Marchand’s take on the Presumed Innocent finale (while wearing his neckerchief).

Also, I’m doing a Reddit AMA tomorrow, where you can ask me anything and everything about the NBA’s new media rights deals. Submit your questions here and I’ll answer them in real time on Friday at 3:00 p.m. ET.