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Photo: David Eulitt / Getty Images

The National Football League on Thursday announced a $250 million fund to fight systemic racism over the next 10 years, after fallout over the death of George Floyd.

Why it matters: The league recently acknowledged it was "wrong for not listening to NFL players earlier" on matters of racism and systemic oppression of black Americans. The turnaround in messaging was the culmination of years worth of behind the scenes efforts and player activism.

  • Colin Kaepernick's choice to kneel during the national anthem in 2016 sparked both praise and backlash nationwide, but the former pro quarterback was later edged out of the NFL for allegedly blackballing him over his protest of the treatment of African Americans at the hands of police.
  • New Orleans Saints quarterback Drew Brees drew ire earlier this month for suggesting that players who take a knee during the national anthem to protest inequality are "disrespecting the flag of the United States of America."

What they're saying: The league wrote in a statement that: "The NFL and our clubs will continue to work collaboratively with NFL players to support programs to address criminal justice reform, police reforms, and economic and educational advancement."

Go deeper

Sep 9, 2020 - Sports

Baseball's shrinking minor leagues

Illustration: Aïda Amer/Axios

Minor League Baseball (MiLB), whose season was already canceled due to the pandemic, is staring down a historic contraction once its agreement with Major League Baseball (MLB) expires on Sept. 30.

Why it matters: Roughly 42 of the 160 affiliated minor league clubs are set to lose affiliate status by the end of the month, drastically changing the future of not only the affected clubs, but the minor leagues as a whole.

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic

President Biden blasted Fox News' Peter Doocy on Monday after the reporter asked if the nation's soaring inflation is a political liability, saying, "what a stupid son of a b----h."

Driving the news: The Biden administration has faced rising inflation rates over recent months, which it has labeled as "transitory."

Hope King, author of Closer
18 mins ago - Economy & Business

Investors reset their compass

Data: FactSet; Chart: Axios Visuals

The endpoints of a stimulus-fueled market are being defined.

Why it matters: Conditions that drove excess pricing in riskier assets are steadily being removed, and big swings in the market like those seen today are inevitable as investors try to adjust to the new landscape.

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