Japan's National Audit Board released a report on Friday suggesting the Tokyo Olympics is likely to cost $9.7 billion in addition to the $12.6 billion that organizers are claiming the event's price tag will be, AP reports.
Why it matters: Only $5.6 billion in private money is allocated to fund the Olympics. The remainder of the funds will come from taxpayers across the country, the city of Tokyo and other government bodies, according to AP.
Southeastern Conference (SEC) football will no longer partner with CBS after its contract expires following the 2023 season, and will likely move to ESPN/ABC, Sports Business Journal reports.
The state of play: CBS reportedly made an aggressive bid for college football's most-watched TV package, offering about $300 million per season, but network executives decided they would rather invest the money into airing other sports, per the Sports Business Journal.
An internal investigation has determined that two West Point cadets and a Naval Academy midshipman who displayed hand gestures in the stands on ESPN's pre-game coverage of the Army-Navy football game on Dec. 14 were playing a known game and did not have racist intentions, West Point Public Affairs announced on Friday.
Details: The “OK” hand gesture is the same as a symbol used by white supremacists to "signal their presence to the like-minded, as well as to identify potentially sympathetic recruits among young trolling artists flashing it," according to the Southern Poverty Law Center. The sign took on the new meaning around 2017 when it was co-opted by online trolls and later white supremacists, according to the Anti-Defamation League.
Former No. 1 recruit and potential No. 1 draft pick James Wiseman announced on Instagram yesterday that he will leave Memphis, hire an agent and prepare for the 2020 NBA draft.
Background: Wiseman missed the past seven games due to a 12-game suspension, which came as a result of his coach Penny Hardaway paying Wiseman's mother $11,500 in 2017 before accepting the Memphis job. Per the NCAA, Hardaway was considered a booster at the time, making his payment an "improper benefit."
