Axios Sports

June 20, 2023
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Today's word count: 1,525 words (6 minutes).
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1 big thing: 💵 MJ cashes in on Hornets sale

Michael Jordan agreed on Friday to sell his majority stake in the Hornets at a $3 billion valuation, ending his 13-year run as the team's owner, Axios' Jeff Tracy writes.
Why it matters: That's the seventh-most expensive sale price ever for a sports franchise. Six of the seven richest sales have come in the past 13 months.
Details: Jordan, who will keep a minority stake in the team once the deal is finalized, sold to a group led by Hornets minority owner Gabe Plotkin and Hawks minority owner Rick Schnall. With Jordan out, the NBA will have zero Black majority owners.
By the numbers: Jordan is widely considered the best player in NBA history, yet his lifetime NBA salary ($93.9 million) pales in comparison to what he's made elsewhere, bringing in roughly $4 billion between his Nike earnings and the Hornets sale. Then there's the on-court discrepancy:
- In 15 years as a player, Jordan won six rings and played in 179 playoff games.
- In 13 years as an owner, Jordan's Hornets had four winning seasons and played in just 15 playoff games (three first-round series losses)
The big picture: Despite that run of sub-mediocrity, Jordan's return on investment is roughly 10x his original purchase ($275M), further proof that sports ownership is just about the best investment there is.
Snapshot: The 10 most expensive sales in history, ordered by rate of return…
- 🏈 Broncos: Bought for $78M in 1984, sold for $4.65B in 2022 (59.6x return)
- ⚾️ Mets: Bought for $81M in 1986, sold for $2.42B in 2020 (29.9x)
- 🏀 Rockets: Bought for $85M in 1993, sold for $2.2B in 2017 (25.9x)
- ⚽️ Chelsea: Bought for $233M in 2003, sold for $3.16B in 2022 (13.6x)
- 🏈 Panthers: Bought for $206M in 1993, sold for $2.28B in 2018 (11.1x)
- 🏀 Hornets: Bought for $275M in 2010, sold for $3B in 2023 (10.9x)
- 🏀 Suns: Bought for $401M in 2004, sold for $4B in 2023 (10x)
- 🏀 Nets: Bought for $393M in 2010, sold for $3.3B in 2019 (8.4x)
- 🏈 Commanders: Bought for $800M in 1999, sold for $6 billion in 2023 (7.6x)
- 🏀 Bucks: Bought for $550M in 2014, sold for $3.2B in 2023 (5.8x)
2. ⛳️ Another champ not named Rory
Photo: Richard Heathcote/Getty Images
Wyndham Clark (-10) edged Rory McIlroy (-9) by a stroke on Sunday to win the 123rd U.S. Open and his first major championship, Jeff writes.
Why it matters: Majors are the crucible in which golf legacies are forged. While Clark's surprise victory landed him in the record books, McIlroy's narrow loss extended a stunning drought for one of the world's best.
State of play: It's been quite the ascent for Clark, 29, who was ranked 293rd in the world a year ago.
- Now, with six top-12 finishes in his last nine tournaments, he's up to No. 13 after becoming the fifth straight U.S. Open champ to claim his first major title.
- Clark had missed four cuts and never finished better than 75th in his first six majors before his breakthrough at Los Angeles Country Club.
The other side: McIlroy, still just 34 and ranked No. 3 in the world, has been inarguably one of the world's best golfers over the past decade except in one crucial way: He's now gone 33 consecutive majors without winning, dating back to the 2014 PGA Championship.
- He's come excruciatingly close, with more top-10 finishes in that span (19) than any other golfer.
- That excellent play continued this weekend, where his 59 greens in regulation led the field and his total of 271 was the best U.S. Open score ever by a non-winner.
Yes, but: Because the margins among all-time greats are razor thin, elite athletes are often judged — perhaps unfairly — by their performance on the biggest stage. And despite capturing four majors by age 25, Rory's won the same number in the past nine years as you or I have.
Looking ahead: "I would go through 100 Sundays like this to get my hands on another major championship," McIlroy said at his post-match news conference. If history is any indication, that could come as soon as next month.
- The 151st Open Championship is being held at England's Royal Liverpool Golf Club in July.
- The last time it was played there was 2014, when McIlroy won his third major title.
Go deeper:
- Winners and losers (The Ringer)
- Rory McIlroy and another long walk to nowhere (The Athletic)
3. ⚽️ Messi's millions
Photo illustration: Brendan Lynch/Axios. Photo: Antonio Borga/Eurasia Sport Images/Getty Images
Lionel Messi's contract with Inter Miami will pay him between $50 million and $60 million per year, Sportico reports.
By the numbers: Messi's deal is expected to make him the highest-paid athlete in U.S. sports by average annual contract value.
- ⚽️ MLS: Messi (~$55M per year)
- 🏀 NBA: Nikola Jokić ($54.4M)
- 🏈 NFL: Lamar Jackson ($52M)
- ⚾️ MLB: Max Scherzer/Justin Verlander ($43.3M)
- 🏒 NHL: Nathan MacKinnon ($12.6M)
Plus: In addition to his contract with the club, Messi will also have revenue-sharing agreements with league partners Apple, Adidas and Fanatics.
- Those deals are still being negotiated, per Sportico, but are expected to be worth many more millions.
- Messi will reportedly get a cut of revenue from new subscriptions to Apple's MLS Season Pass.
In related news … NYT got their hands on Messi's contract with Saudi Arabia's tourism authority, which pays him millions to vacation there and promote the country on social media.
4. ⚡️ Lightning round
Photo: G Fiume/Getty Images
🏀 A new Big 3: The Suns sent Chris Paul and more to the Wizards for Bradley Beal in a blockbuster trade, forming a new "Big 3" in Phoenix.
🇺🇸 USA on top: The USMNT beat Canada, 2-0, in Sunday's Nations League Final to win its ninth major trophy (seven Gold Cup, two Nations League).
🏀 Huggins resigns: Bob Huggins resigned as West Virginia men's basketball coach after he was arrested Friday night for driving under the influence.
⚾️ Hits machine: Miami's Luis Arráez bumped his average back to .400 on Monday with his third 5-hit game in 15 days. The last player to do that? Ty Cobb in 1922.
🏀 Morant suspension: The NBA suspended Ja Morant for 25 games without pay following an investigation into a second video of Morant holding a gun.
5. 🎾 Tiafoe in the top 10
Frances Tiafoe (L) and Taylor Fritz. Photo: Kelly Defina/Getty Images
Frances Tiafoe cracked the top 10 for the first time on Monday, claiming the No. 10 spot one day after winning the Boss Open.
Why it matters: Tiafoe is the third Black American man to reach the top 10, joining Arthur Ashe (debuted in 1973) and James Blake (debuted in 2006).
- "Super emotional for a guy like me with my story and everything," said Tiafoe, whose life reads like a Hollywood script.
- "[I'm] a guy who shouldn't even really be here doing half the things he's doing. And now when you say his name, you can say he's top 10 in the world."
🇺🇸 Of note: Tiafoe and fellow 25-year-old Taylor Fritz (No. 8) are the first American male duo in the top 10 since Mardy Fish and John Isner in 2012.
6. 🇺🇸 Photos across America

LAS VEGAS — The Strip was even more of a party than usual on Saturday, as thousands of fans came out to celebrate the Stanley Cup champion Golden Knights.

CINCINNATI — Joey Votto homered in his season debut on Monday, lifting the Reds to their ninth straight win after more than 10 months away due to multiple surgeries.

BROOKLYN — Breanna Stewart's huge game (28-14-7) on Sunday made her the first player in WNBA history with at least 200 points, 100 rebounds and 40 assists through their first 10 games of a season.

SEATTLE — How can you not be romantic about baseball, tridents and sunflower seeds?
7. 🌎 Photos around the world

OBERWIL-LIELI, Switzerland — Swiss cyclist Gino Mäder, 26, died after crashing and falling into a ravine during the Tour de Suisse. A memorial ride was held in his honor the following day, and on Sunday the winner dedicated his victory to Mäder.

SOMBOR, Serbia — Nikola Jokić finally made it back home to his horses, spending Sunday at the track to watch them compete in harness races.

PARIS — The Eiffel Tower provided the backdrop as Paris hosted stop two of the 2023 Red Bull Cliff Diving World Series.

INNSBRUCK, Austria — The IFSC Climbing World Cup held its seventh event of the season over the weekend.
8. 📺 Watchlist: CWS elimination games
The Demon Deacons won on Monday to remain undefeated in the CWS. Photo: Courtesy of Wake Forest Athletics
The College World Series field will be narrowed further today with two elimination games on ESPN.
- Schedule: TCU vs. Oral Roberts (2pm ET); No. 5 LSU vs. Tennessee (7pm)
- Where things stand: Stanford and Virginia have been eliminated. No. 2 Florida (zero losses) next faces the TCU-Oral Roberts winner and No. 1 Wake Forest (zero losses) next faces the LSU-Tennessee winner as the double-elimination tourney continues. Bracket.
More to watch:
- ⚾️ MLB: Braves at Phillies (6:40pm, TBS); Dodgers at Angels (10pm, TBS)
- 🏀 WNBA: Dream at Wings (8pm, NBA); Lynx at Sparks (10pm, CBSSN); Sun at Storm (10pm, NBA)
9. 🏁 F1 trivia
Photo: Dan Istitene - Formula 1/Formula 1 via Getty Images
Max Verstappen's win in Sunday's Canadian Grand Prix was his 41st F1 victory, tying Ayrton Senna for fifth-most ever.
- Question: Who are the only four drivers with more F1 wins?
- Hint: Verstappen has raced against two of them.
Answer at the bottom.
10. 🍿 Top plays: Long weekend edition
Sebastian Korda hit a tweener lob for the ages this weekend. Photo: Clive Brunskill/Getty Images
Lots of baseball in this weekend's top 10. But soccer, softball and lacrosse also make appearances — and tennis tops the list.
Talk tomorrow,
Kendall "Splash!" Baker
Trivia answer: Lewis Hamilton (103 wins), Michael Schumacher (91), Sebastian Vettel (53), Alain Prost (51)
🙏 Thanks for reading! Follow us for more (@kendallbaker and @jeffreytracy). Friends can sign up here. Thanks to Matt Piper for copy edits.
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