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A new league gave track stars a financial cushion, and more uncertainty

A new league gave track stars a financial cushion, and more uncertainty

Washington Post17 hours ago

Before Kenny Bednarek joined Grand Slam Track, he had become one of the most accomplished sprinters of his era. He won silver medals in the 200 meters at the past two Olympics. He reached the 100-meter final in Paris. Just seven men ever have run halfway around a track faster.
For all his achievements, it took the league started this year by Olympic legend Michael Johnson for Bednarek to reach a new level of financial stability. Bednarek dominated the series and earned $400,000 in prize money, already roughly double what he would make in a typical year. Even before this year's national and world championships, Bednarek set aside money for investments he could not have made in past years.

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Former NBA Player Feels Anthony Edwards Would Go "Supernova" With Kevin Durant On The Timberwolves

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D.C. Council members say stadium approval is likely, but they need more time
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The Commanders said they would be willing to work 'morning and night' with the council to get the deal passed in July. 'Throughout the process we have been clear: the Commanders need a new home by 2030. Any delay will make us unable to deliver on that timeline as well as prevent us from attracting major concerts, performers, and international events such as the 2031 FIFA Women's World Cup to D.C.,' a team spokesperson said in a statement. Council member Wendell Felder (D-Ward 7), whose ward encompasses the RFK site, took to social media to call the delay 'a direct hit to Ward 7' and say he 'won't stand for it.' Other lawmakers said they are missing key information they need to analyze the deal and noted that the council took months to consider past stadium deals like Audi Field and Nationals Park and approved them after adding cost-saving measures for the city. The council is paying an outside consultant to evaluate the term sheet and proposed legislation and is awaiting that report. After requests from reporters and council members, the Bowser administration posted a slide deck summarizing revenue projections for the RFK project, which included a prediction that it would generate $5.1 billion in tax revenue over a 33-year period, but lawmakers have been seeking a more detailed explanation of how the firm hired by the administration arrived at those numbers. That additional understanding did not come until Friday, said council Chairman Phil Mendelson (D), when the company the city hired to develop revenue projections met with the council's budget office. 'What I'm told is that we got all the information we needed today,' he said in a brief interview Friday evening. Also missing, lawmakers said, is a tax abatement financial analysis from the city's chief financial officer, which D.C. law requires ahead of a council hearing on any bill that would include a tax abatement or exemption. That analysis would explain how much tax money the city would miss out on because of the exemptions it is offering the Commanders. The council has requested one, said a spokesman for the chief financial officer, but the spokesman said he did not know how long it would take to complete. Bowser, in an interview Friday, rebutted the idea that the council lacks the information it needs to deliberate on the deal. She said her team and the Commanders were 'ready to work with the council,' provided they say exactly what they want to change. 'I recognize that the council members feel like this is a lot all at once, and it is a lot all at once, but this is our opportunity,' said Bowser. 'This is when the opportunity has presented itself.' Even as the council's timeline has irked Bowser and the team, Mendelson this week gave a forceful indication that the council would approve the stadium in the end. Mendelson, who has been vocal about his personal opposition to public funds for football stadiums, said in a statement Wednesday evening that the council will 'move forward quickly to analyze the Mayor's terms, improve the deal where possible for taxpayers, and approve a new football stadium.' 'I can't guarantee votes, but I'm working toward understanding or improving the proposal to a point where a majority can vote yes,' Mendelson added in an interview Thursday, though he said it was 'way too soon' for him to provide specific changes to the deal and he planned to wait for the evaluation the council had commissioned. Even Kenyan R. McDuffie (I-At Large), among the stadium's most vocal supporters on the council, said he wanted more answers from Bowser officials and the team before a vote. 'I plan to hold a hearing, hopefully working with the chairman,' said McDuffie. 'I think time is of the essence. The deal does need to happen. And the council has experience and history in making modifications that improve on these types of deals.' Meagan Flynn contributed to this report.

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