North Penn's Danny Wynne reacts to the team's 14-7 loss at the end of the PIAA Class AAAA high school championship football game. Photo: Ralph Wilson / AP

States are beginning to ban high schools from playing IMG Academy, a $75,000-a-year boarding school in Florida that is "the leading producer of top college and National Football League prospects," according to the Wall Street Journal.

Why it matters: WSJ reports that the market for youth sports is expected to climb from its current value of $19.8 billion, to $41.2 billion in the next six years. But, the increased pressure on kids playing sports could make "them likely to enjoy sports less and abandon them as they get older." The IMG program is a testament to how sports are being commercialized into a form of business, and according to the WSJ, "has turned a Friday night ritual into a form of career development."

IMG was acquired by talent agency WME for $2.4 billion in 2014, and was "generating annual revenue of about $83 million," the WSJ reports.

Go deeper

Updated 56 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 20,158,258 — Total deaths: 738,063 — Total recoveries: 12,388,686Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 5,116,791 — Total deaths: 164,137 — Total recoveries: 1,670,755 — Total tests: 62,513,174Map.
  3. States: Florida reports another daily record for deaths State testing plans fall short of demand.
  4. Axios-Ipsos poll: 1 in 2 has a personal connection to COVID-19.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. 🏈 Sports: Big Ten scraps fall football season due to coronavirus.

Big Ten postpones fall sports due to coronavirus

Photo: Joe Robbins/Getty Images

The Big Ten announced Tuesday that it has voted to postpone its 2020 fall sports season, including football, due to risks posed by the coronavirus pandemic, hoping instead to play in the spring.

Why it matters: The move from one of the most prominent conferences in college sports will almost certainly prompt other Power Five leagues to follow suit.

13 of Biden's former rivals to appear together at Democratic convention

Democratic presidential candidates at the primary debate in Charleston, SC. Photo: Win McNamee/Getty Images

In a show of unity at the Democratic National Convention, 13 of Joe Biden's former 2020 challengers will appear via video to talk about the party's vision for the country and how they'll work with Biden to get it done.

Why it matters: Coalescing around Biden and his eventual running mate will help Democrats head into the general election against President Trump with a united front — unlike what they did in 2016.