
Collective bargaining in college sports: Is it a third rail or an inevitability?
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About a minute into an otherwise unremarkable answer, White dropped what qualifies among school administrators as a bombshell.
'I'll say it, we've got a camera on us (but) I don't really care at this point: Collective bargaining is the only solution.'
Plowman nodded in agreement.
'It's the only way we're gonna get there,' Plowman said.
The two Tennessee administrators had just stepped on the third rail of college sports. That was noteworthy, as was what happened when White arrived this week at SEC meetings: nothing. It would have been the perfect time for White to expound on his thoughts with media members, but after initially saying he would, he changed his mind.
Perhaps someone made a call. SEC commissioner Greg Sankey, one of the many within college sports resistant to the idea of a collective bargaining arrangement with athletes, said it wasn't him.
'I've opined about bargaining,' Sankey said Wednesday. As for what he thought about White's comments: 'I'm not going to jump into some public disagreement.'
Sankey and others are hoping for approval of the House v. NCAA settlement any minute, which they hope will be followed by federal legislation, bringing a measure of stability that avoids any future need for collective bargaining. White and others think that approach is just delaying the inevitable.
Collective bargaining is the reason pro sports leagues don't have incessant court challenges to their rules the way college sports does. Pro leagues negotiate the rules on salary caps, player movement and more with players unions. Many see that as the only surefire way college sports can enforce certain rules, especially when it comes to the transfer restrictions that courts have struck down in recent years, opening up an era of unlimited player movement. White and others believe a collectively bargained agreement with a players union would mean reasonable transfer rules that would stand up in court.
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Ole Miss football coach Lane Kiffin has been on that side for several years, and he reiterated his stance this week.
'I think there's probably got to be something like that eventually, because for a while now it's been very player-friendly, with the regulations and rules around it,' Kiffin said. 'Now it's going to come back somewhere in the middle. But there probably needs to be (collective bargaining) because you're still going to have a lot of loophole issues and problems, for both sides, until there's real contracts that have years on them.'
There are various hurdles to collective bargaining at the college level: the turnover among athletes, fierce resistance among administrators to athletes becoming employees, state laws against public employee unions.
'We have a reality in our states around bargaining,' Sankey said.
But there are several models that could get around the issues. The Screen Actors Guild's members are contractors rather than employees because filming takes places all over the country, but the guild still negotiates work rules. Starbucks workers and Uber drivers in New York also have setups that could serve as models.
As for those state laws and general hostility to unions, it bears noting that when California passed its precedent-setting name-image-and-likeness law in 2018, many other state legislatures, especially in the South, reacted with scorn. But they changed their mind when they realized schools on the West Coast might have an advantage as a result.
Of course, another question is who would serve as head of such a players union, or whatever entity it ends up being. Several people have tried to step forward into those roles, but with the idea seeming far off, the urgency has been lacking.
The feeling among many in college sports is that collective bargaining is a last resort, and they'd prefer to let the House settlement take effect and see if federal legislation can help. Florida athletic director Scott Stricklin, asked about White's comment, cited Supreme Court judge Brett Kavanaugh's 2021 opinion in the Alston v. NCAA case, which concerned the NCAA's ability to restrict the education-related benefits schools provided athletes.
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'He said there's really only three ways what college athletics is doing would not be antitrust: One is congressional action, two is through the courts, or three (is) through collective bargaining. I think that still holds true,' Stricklin said. 'Danny obviously believes the other two are not a viable path. The fact of the matter is, if the settlement gets approved, it is an attempt to do it through the courts, which kind of goes along with what Kavanaugh suggested. So I think it has to be one of those three paths.'
Notably, that's not saying no to collective bargaining. Stricklin spoke more strongly against athletes becoming employees, although the Johnson v. NCAA case, which could go to trial next year, could still force that into reality.
'I don't think that's what anybody wants right now,' Stricklin said. 'We're doing a lot of things right now, though, that we never thought we'd end up doing. So never say never.'
Danny White wouldn't talk this week, but his brother was also in Destin: Mike White, the men's basketball coach at Georgia. That sport deals with the transfer portal in such a way that the coach half-joked that when a player returns for a second year at the same program, 'he's an outlier.'
Is collective bargaining the answer? If Mike White agrees with his brother, he wasn't saying. He also was careful not to get whatever phone call his brother got, saying he would let the administrators handle it. Then he summed up the sentiment of seemingly all college coaches.
'Give us the rules and we'll follow them,' White said. 'We'll abide by whatever the framework is and do the best we can, year in and year out.'
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Apple reported results Thursday that beat forecasts on the top and bottom lines as the iPhone maker boasted about double-digit revenue growth across its iPhone, Mac, and Services businesses, as well as growth in all of its geographic segments. Earnings per share came in at $1.57, ahead of the $1.43 Wall Street had expected, while revenue tallied $94 billion, up 10% from last year and ahead of forecasts for $89.2 billion. Its Services revenue totaled $27.4 billion, a new record, and comprised nearly 30% of its total revenues in the quarter. Apple stock was up about 2% following the results. Roku reports surprise profit in Q2, revenue beats expectations Roku's (ROKU) second quarter results got a boost from an expanding user base and advertising sales, the company reported Thursday. The company reported profits of $0.07 per share, above the $0.17 per share loss analysts expected. Revenue came in at $1.11 billion for the quarter, compared to the analysts' average estimate of $1.07 billion, according to data compiled by LSEG. Reuters reports: Read more here. Roku's (ROKU) second quarter results got a boost from an expanding user base and advertising sales, the company reported Thursday. The company reported profits of $0.07 per share, above the $0.17 per share loss analysts expected. Revenue came in at $1.11 billion for the quarter, compared to the analysts' average estimate of $1.07 billion, according to data compiled by LSEG. Reuters reports: Read more here. Coinbase stock falls 7% after results disappoint Crypto giant Coinbase (COIN), a recent addition to the S&P 500, saw shares fall more than 7% in after-hours trading on Thursday after the company posted second quarter results that came in below Wall Street forecasts. Coinbase reported second quarter revenue of $1.5 billion, below the $1.59 billion analysts had forecast, while trading volume and transactions revenue both fell shy of expectations. Subscriptions and services revenue in the second quarter totaled $656 million. Adjusted EBITDA in the second quarter totaled $514 million, down from $596 million a year ago. In the third quarter, the company expects subscriptions and services revenue to fall within a range of $665 million-$745 million. Since the April 9 bottom in the stock market, Coinbase shares have roughly doubled; ahead of Thursday's results, the stock was up more than 50% this year. Crypto giant Coinbase (COIN), a recent addition to the S&P 500, saw shares fall more than 7% in after-hours trading on Thursday after the company posted second quarter results that came in below Wall Street forecasts. Coinbase reported second quarter revenue of $1.5 billion, below the $1.59 billion analysts had forecast, while trading volume and transactions revenue both fell shy of expectations. Subscriptions and services revenue in the second quarter totaled $656 million. Adjusted EBITDA in the second quarter totaled $514 million, down from $596 million a year ago. In the third quarter, the company expects subscriptions and services revenue to fall within a range of $665 million-$745 million. Since the April 9 bottom in the stock market, Coinbase shares have roughly doubled; ahead of Thursday's results, the stock was up more than 50% this year. Reddit stock soars as company posts fastest quarterly revenue growth in 3 years Reddit (RDDT) stock jumped as much as 13% after hours after the social media company reported its fastest revenue growth in three years. Profits reached $0.48 per share in the second quarter, above the $0.19 per share projected by Wall Street analysts. Revenue grew 78% to $500 million, higher than the $425 million expected. Yahoo Finance's Laura Bratton reports: Read more here. Reddit (RDDT) stock jumped as much as 13% after hours after the social media company reported its fastest revenue growth in three years. Profits reached $0.48 per share in the second quarter, above the $0.19 per share projected by Wall Street analysts. Revenue grew 78% to $500 million, higher than the $425 million expected. Yahoo Finance's Laura Bratton reports: Read more here. Amazon posts earnings beat but stock slips Amazon (AMZN) profits and sales beat estimates for the second quarter, the company reported: AWS revenue rose 17% to hit $30.8 billion versus an expected $30.7 billion. It topped $26.2 billion in Q2 last year. The company's report follows Google's (GOOG, GOOGL) and Microsoft's (MSFT) own blowout announcements, highlighting growth across their respective cloud businesses on the back of increased customer spending on AI. Rival Microsoft reported that its Azure business generated $75 billion in fiscal 2025. Amazon widened its guidance for operating income on the lower end. For the third quarter, Amazon expects the operating income to come in between $15.5 billion and $20 billion, potentially indicating a headwind from tariffs. The initial reaction on the Street was downbeat, with Amazon stock slipping 2% after hours. Read more here. Amazon (AMZN) profits and sales beat estimates for the second quarter, the company reported: AWS revenue rose 17% to hit $30.8 billion versus an expected $30.7 billion. It topped $26.2 billion in Q2 last year. The company's report follows Google's (GOOG, GOOGL) and Microsoft's (MSFT) own blowout announcements, highlighting growth across their respective cloud businesses on the back of increased customer spending on AI. Rival Microsoft reported that its Azure business generated $75 billion in fiscal 2025. Amazon widened its guidance for operating income on the lower end. For the third quarter, Amazon expects the operating income to come in between $15.5 billion and $20 billion, potentially indicating a headwind from tariffs. The initial reaction on the Street was downbeat, with Amazon stock slipping 2% after hours. Read more here. Apple Q3 earnings to give Wall Street better view of tariff impact Yahoo Finance's Daniel Howley previews what to watch when Apple reports earnings after the bell: Read more here. Yahoo Finance's Daniel Howley previews what to watch when Apple reports earnings after the bell: Read more here. Reddit set to report Q2 earnings as Wall Street scrutinizes daily active user growth Reddit (RDDT) will report second quarter results after the bell on Thursday. One key metric to watch will be daily active users, which disappointed Wall Street over the last two quarters. Changes to Google Search's algorithm could further disrupt the platform's users. Yahoo Finance's Laura Bratton breaks down what the Street is hoping to hear from Reddit: Read more here. Reddit (RDDT) will report second quarter results after the bell on Thursday. One key metric to watch will be daily active users, which disappointed Wall Street over the last two quarters. Changes to Google Search's algorithm could further disrupt the platform's users. Yahoo Finance's Laura Bratton breaks down what the Street is hoping to hear from Reddit: Read more here. Unilever's personal care business delivers solid results, but ice cream was the standout Unilever (UL) beat sales growth forecasts in the second quarter but reported a 50% drop in free cash flow year over year. The ice cream business outperformed in Q2, with sales rising 7.1%, led by double-digit growth in its Magnum brand. Unilever's ice cream business is on track to be spun off in November. The new company will be called The Magnum Ice Cream Company, and Unilever will retain a 20% stake in the company. Reuters reports: Read more here. Unilever (UL) beat sales growth forecasts in the second quarter but reported a 50% drop in free cash flow year over year. The ice cream business outperformed in Q2, with sales rising 7.1%, led by double-digit growth in its Magnum brand. Unilever's ice cream business is on track to be spun off in November. The new company will be called The Magnum Ice Cream Company, and Unilever will retain a 20% stake in the company. Reuters reports: Read more here.
Yahoo
22 minutes ago
- Yahoo
Micah Parsons' dad once named Chiefs, Steelers, Lions as preferred trade destinations
With Micah Parsons officially requesting a trade from the Dallas Cowboys, an old clip of his father, Terrence Parsons, talking about preferred destinations for his son in a hypothetical trade scenario has resurfaced. During an appearance on the "Life in the Stands" podcast in December 2024, Parsons' dad stated that his preferred trade landing spots for the superstar edge rusher are the Kansas City Chiefs, Pittsburgh Steelers, and Detroit Lions. "I know Pittsburgh fans are like, 'whoa,' but I'm sorry, him [Micah Parsons] and [T.J.] Watt together would be like cheating," Terrence Parsons said. "Him and [Aidan] Hutchinson together in Detroit would be like cheating. I love it. Kansas City, that's who they are right now." Parsons requested a trade out of Dallas due to the franchise's lack of communication with his agent. The 26-year-old's relationship with the Cowboys and owner Jerry Jones seems to be completely destroyed. Dallas has no plans of trading Parsons, but if they can't agree on a long-term extension with him, they may be forced to move him at some point. Parsons' father's landing spots for the four-time Pro Bowl edge rusher are bold. Adding Parsons to Kansas City's defense would be lethal, while pairing the disgruntled Cowboy with Watt or Hutchinson in Detroit would also be pretty much unstoppable. However, none of the teams Parsons' dad listed as preferred spots have the money to sign Parsons to a record-breaking extension. The Chiefs are slated to have negative $61 million in cap space next offseason, and the Steelers already have two expensive edge rushers in Watt and Alex Highsmith. As for the Lions, the team must prioritize getting an extension done with Hutchinson first, which likely takes them out of the running for Parsons. It's possible that Parsons lands with one of three destinations his dad spoke about during a podcast appearance last year, as all three franchises are playoff contenders, and two are legitimate Super Bowl contenders in Kansas City and Detroit. However, it remains to be seen whether any have the money to sign Parsons to a new deal after trading valuable picks for him while also keeping their core together. MORE:Infamous Raiders trade used as measuring stick for potential Micah Parsons deal
Yahoo
22 minutes ago
- Yahoo
ETF Issuers Line Up to Capitalize on Figma's Red Hot IPO
The stock price of tech start-up Figma Inc. (FIG) more than tripled during its debut on the New York Stock Exchange—and exchange-traded fund (ETF) issuers want in on the action. Themes ETF Trust is seeking approval from the Securities and Exchange Commission (SEC) to launch the Leverage Shares 2X Long FIG Daily ETF, according to a filing Thursday. ProShares and REX Shares are also looking to introduce leveraged ETFs linked to Figma, which had its initial public offering (IPO) Thursday. Leveraged Figma ETFs The Leverage Shares 2X Long FIG Daily ETF seeks to magnify the daily performance of Figma's stock by 200%, according to the filing, which didn't disclose management fees. The ProShares Ultra FIG—with no ticker or expense ratio included in the preliminary prospectus—also seeks daily investment results that correspond to two times FIG's daily performance. Eric Balchunas, senior ETF analyst at Bloomberg, also shared on X that Rex Shares filed for a similar fund: the T-Rex 2x Long FIG Daily Target ETF. What Is Figma? Figma is a San Francisco-based company that provides a design platform. The start-up had previously struck a deal to be bought for $20 billion by the software company Adobe Inc. (ADBE), but that plan was abandoned due to antitrust concerns from regulators in the U.S. and Europe. The Appeal of IPO-Linked ETFs It's no surprise that these issues are looking to capitalize on Figma's IPO: The stock debuted at $33 per share and closed its first day on the market at $115.50 per share, marking the biggest pop for a $500 million-plus IPO, and the first time a deal that size has ever tripled on day one, Matt Kennedy, senior strategist at Renaissance Capital told Invest in Gold American Hartford Gold: #1 Precious Metals Dealer in the Nation Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA 'I think the appeal is that recent tech IPOs tend to be very volatile, which means the stock has the potential for a 5% or even 10% gain in one day, and so a 2x leveraged daily ETF allows traders to really ride those quick run-ups,' Kennedy said. 'It's a way of making your bet go further, if you're actively trading the stock during the day. In June, several fund providers, including REX Shares, sought to launch ETFs linked to the IPO of peer-to-peer payments company Circle. At the time, Daniel Sotiroff, senior manager research analyst for Morningstar Research, said that leveraged ETFs tend to succumb to volatility drag and perform poorly over the long | © Copyright 2025 All rights reserved 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