The pandemic has wreaked financial havoc on universities across the country. But while Power 5 schools are finally getting financial relief from their lucrative football programs, Division I's "have-nots" are still drowning.
Driving the news: The University of California, Riverside, which competes in the Big West Conference but doesn't play football, is considering dropping all 15 sports to cut costs.
Steve Cohen's bid to buy the Mets was approved by MLB's Ownership Committee on Tuesday, all but assuring he'll be the team's new owner.
Why it matters: Cohen's net worth ($14.6 billion) would make him the second-richest owner in American sports behind Steve Ballmer ($73 billion), while also making him wealthier than the next three richest MLB owners combined.
