logo
NCAA basketball tournament expansion growing more unlikely this season due to 'logistics'

NCAA basketball tournament expansion growing more unlikely this season due to 'logistics'

Yahoo6 days ago
WASHINGTON, D.C. — Any expansion of the NCAA basketball tournaments is growing more unlikely for this upcoming season, according to executives in the sport.
During a speaking engagement at the National Press Club on Thursday, NCAA president Charlie Baker confirmed comments earlier this week from ACC commissioner Jim Phillips that any expansion of the men's and women's tournaments would be 'tough' to do for 2025-26.
'I think that's a reasonable statement,' Baker said.
He pointed to the "logistics" involved with any expansion.
The NCAA basketball selection committees — responsible for making any expansion decision — met earlier this month where committee members learned that expansion, if approved, would most likely start in 2026-27, multiple sources with knowledge of the meeting told Yahoo Sports.
The comments from Baker and Phillips further advance that notion.
However, during an hour-long address to the National Press Club, Baker continued to speak in favor of expanding the tournament to 72 or 76 teams to grant access to more worthy participants, such as those left on the bubble.
'There are every year some really good teams that don't get to the tournament for a bunch of reasons,' Baker told the crowd. 'One of the reasons is we have 32 automatic qualifiers (for conference champions). I love that and think it's great and never want that to change, but that means there's only 36 slots left for everybody else.
'I don't buy the idea that some of the teams that currently get left out aren't good. I think they are. And I think that sucks,' he continued.
For more than a year now, college administrators have been seriously exploring adding four or eight teams to the 68-team field, a move that likely requires the addition of another 'First Four' site.
Baker pushed back against suggestions that additional revenue from TV partners is behind the NCAA and conferences' desire to expand. It is not a 'big moneymaker,' he said, and the association would only want to cover the costs of expansion with any additional revenue.
The NCAA has been in negotiations with the networks, Warner Bros. Discovery and CBS, for months now. Last month, Baker told Yahoo Sports that the organization has held 'good conversations' with those partners and that any decisions for 2025-26 would need to be made by 'the middle of August.'
'The big challenge is the logistical one,' Baker said Thursday from D.C. 'The tournament has to start after conference championships are over and the selection (show) happens like two hours after the last championship ends. And (the tournament) has to finish by the Tuesday before the Masters. There's not a lot of room there.'
That hasn't slowed his support for expansion.
In fact, Baker mentioned recent bubble teams left out of the field like St. John's and Indiana State. 'They should have been in,' he said.
Expansion is 'a way to preserve the AQs and real Cinderellas, but it's also to make sure some of the 65 best teams in the country who get left out because of the 32 AQs find their way in,' he said.
Baker addressed another looming issue: athlete eligibility standards.
On Thursday, as he spoke to the press club, the NCAA announced a proposed legislation change to Division II eligibility rules. The proposal would grant athletes five years to play five seasons (five-in-five) instead of the current four seasons-over-five years standard.
Such a change in Division I is on the 'backburner' while the NCAA adopts a new governance model, something expected next month from the NCAA DI Board of Directors.
'I would assume at some point (five-in-five) will come up again. I don't know if we'll land there or not,' Baker said of the five-in-five eligibility proposal for Division I.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Abacus Global Management Announces Successful Completion of Exchange Offer and Consent Solicitation
Abacus Global Management Announces Successful Completion of Exchange Offer and Consent Solicitation

Yahoo

time25 minutes ago

  • Yahoo

Abacus Global Management Announces Successful Completion of Exchange Offer and Consent Solicitation

ORLANDO, Fla., July 30, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ('Abacus' or the 'Company') (NASDAQ: ABL), a leader in the alternative asset management space, today announced the completion of its previously announced exchange offer (the 'Offer') and consent solicitation (the 'Consent Solicitation') relating to its (i) outstanding public warrants (the 'public warrants') and (ii) outstanding private placement warrants (the 'private placement warrants' and, together with the public warrants, the 'warrants') to purchase shares of common stock, par value $0.0001 per share, of the Company ('common stock'). The Company's common stock and public warrants are listed on the Nasdaq Capital Market (the 'Nasdaq') under the symbols 'ABL' and 'ABLLW,' respectively. The Company issued 4,183,160 shares of common stock in exchange for the warrants tendered in the Offer. On July 30, 2025, the Company and Continental Stock Transfer & Trust Company entered into the related amendment to the warrant agreement governing the warrants (the 'Warrant Amendment'). Pursuant to the Warrant Amendment, the Company has exercised its right to exchange each warrant that is outstanding upon the closing of the Offer for 0.207 shares of common stock per warrant, which is a ratio 10% less than the exchange ratio applicable to the Offer (the 'Post-Offer Exchange'). The Company has fixed the date for the Post-Offer Exchange as August 14, 2025. As a result of the completion of the Offer and the Post-Offer Exchange, no warrants will remain outstanding. Accordingly, the public warrants are expected to be suspended from trading on the Nasdaq as of the close of business on August 14, 2025, and will be delisted. The shares of common stock will continue to be listed and trade on the Nasdaq under the symbol 'ABL.' Following completion of the Offer, there are approximately 102,050,981 shares of common stock outstanding (an increase of approximately 4% from prior to the closing of the Offer), and following completion of the Post-Offer Exchange there will be approximately 102,555,154 shares of common stock outstanding (an increase of approximately 5% from prior to the closing of the Offer and the Post-Offer Exchange). The Company engaged SG Americas Securities, LLC as the dealer manager for the Offer and Consent Solicitation, D.F. King & Co., Inc. as the information agent for the Offer and Consent Solicitation, and Continental Stock Transfer & Trust Company served as the exchange agent for the Offer and Consent Solicitation. About Abacus Abacus Global Management (NASDAQ: ABL) is a leading financial services company specializing in alternative asset management, data-driven wealth solutions, technology innovations, and institutional services. With a focus on longevity-based assets and personalized financial planning, Abacus leverages proprietary data analytics and decades of industry expertise to deliver innovative solutions that optimize financial outcomes for individuals and institutions worldwide. Contacts: Investor RelationsRobert F. Phillips – SVP Investor Relations and Corporate Affairs rob@ 290-1198 David Jackson – Managing Director of Investor Relations david@ 299-0716 Abacus Global Management Public Relationspress@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Meta Platforms Jumps on Strong Q2 Earnings and Upbeat Guidance
Meta Platforms Jumps on Strong Q2 Earnings and Upbeat Guidance

Yahoo

time25 minutes ago

  • Yahoo

Meta Platforms Jumps on Strong Q2 Earnings and Upbeat Guidance

Meta Platforms (META, Financials) jumped in after-hours trading Wednesday after blowing past Wall Street's Q2 estimates and projecting stronger-than-expected Q3 sales. Warning! GuruFocus has detected 5 Warning Sign with META. For the June quarter, profit came in at $7.14 per share on revenue of $47.52 billion, handily beating analyst targets. Family daily active people rose 6% from last year to 3.48 billion. The company guided for Q3 revenue near $49 billion, signaling confidence in its AI-driven growth. Capex is now expected at $66 billion$72 billion for 2025, slightly narrower than before. Meta also flagged a likely slowdown in Q4 growth as it laps last year's strong gains. Investors will be watching whether AI continues to fuel revenue and ad demand into year-end. This article first appeared on GuruFocus.

SpaceX faces two new lawsuits alleging safety‐related retaliation
SpaceX faces two new lawsuits alleging safety‐related retaliation

Yahoo

time25 minutes ago

  • Yahoo

SpaceX faces two new lawsuits alleging safety‐related retaliation

When longtime supervisor Robert Markert warned SpaceX leaders that one part of the rocket fairing recovery process could 'easily cause serious injury or death,' he alleges he was ignored because 'it was the more economical solution,' according to a recently filed lawsuit. A few months later, he was out of the job. Markert is one of two former SpaceX employees who have filed separate wrongful-termination lawsuits, both of which were removed to federal court earlier this month. The two complaints make similar allegations about how speed and cost-saving triumphed over other considerations – including safety. The lawsuits arrive as SpaceX races to get its Starship ultra-heavy rocket ready to complete missions for NASA, commercial customers, and to launch the company's Starlink satellite internet service. Beyond the Starship program, SpaceX also operates the most frequently launched rocket in history, the Falcon 9, which has flown 87 times so far this year. Markert spent 13 years at the company before being terminated in April. He alleges that during his tenure technicians were sometimes required to work 15 to 20 days in a row, but when he brought this up to supervisors, he was told 'the schedule comes first.' That punishing schedule, performed in a high-stress environment, resulted in injuries Markert alleges the ship technicians were too afraid to report. When Markert suggested the company prioritize trainings and certifications, he was told 'there is no time for that and the company would not spend money on it,' according to the complaint. The second lawsuit, filed by SpaceX plumber David Lavalle, alleges he was fired after the company failed to accommodate multiple work-related injuries, including a fractured foot, severe neck pain, injuries to his back and shoulders, and wrist pain. While Lavalle filed for worker's compensation for some of these injuries, he did not do so for all for fear of retaliation, the complaint says. Nine days after requesting medical leave for gout-induced knee pain, Lavalle was terminated. Lavalle, who is 60 years old, joined the company in 2014. He alleges in the complaint he was part of a wave of firings of older staff members, led in part by 28-year-old Scott Hiler, who SpaceX hired as a new senior manager late last year. A lawyer representing Markert declined comment, while Lavalle's attorney did not immediately respond to TechCrunch's request. SpaceX did not respond to TechCrunch's request for comment. Recent reporting from TechCrunch showed that SpaceX outpaced its peers in worker injury rates for 2024. Data from the Occupational Safety and Health Administration showed that the Starbase complex in Texas recorded an injury rate of 4.27 per 100 workers last year, nearly triple the aerospace manufacturing average of 1.6. Markert, a resident of Los Angeles County, doesn't expressly state where he worked at SpaceX. The lawsuit does note he worked with ship technicians. SpaceX's west coast rocket fairing recovery operations count the highest injury rates of all SpaceX sites, the OSHA logs show, with an injury rate of 7.6 per 100 workers for the west coast operations. Both complaints were filed in Los Angeles County Superior Court and were then removed by SpaceX to the U.S. District Court for the Central District of California. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store