Latest news with #Burdge
Yahoo
19-04-2025
- Business
- Yahoo
Retail shops not yet seeing major impact of tariffs
KINGSPORT, Tenn. (WJHL) -The latest tariff increase from the Trump administration has small businesses worried about increased prices. However, local retail shops like Backdraft Custom Apparel in Kingsport say they haven't seen major increases, at least not yet. Backdraft sales manager Shawn Burdge described it as 'still up in the air.' He told News Channel 11 that the store gets most of its products from wholesalers who are also having to make adjustments. 'One of the wholesalers we found out actually only sources about 9% from China,' Burdge said. 'Just actually today they said that they are ceasing production in China and going to source elsewhere or within the U.S.' Local hemp business owners discuss plans after Tennessee Senate passes bill banning most THCA products SanMar is one of the wholesalers Backdraft uses. SanMar sent an email explaining that all foreign countries are subject to a 10% base tariff and that it would absorb as much of the increase as it can by negotiating with its factory partners. 'We do know a lot of the wholesalers and manufacturers seem to have told us that they're eating some of the tariffs,' Burdge said. 'They're trying to make it easier on small businesses.' Backdraft's biggest challenge as of Friday is that larger companies are buying up all the supply before the rates increase even more. 'A number of companies like us that rely on wholesale products are buying and rushing the market and buying up all the supply that we currently have, which is increasing lead times,' Burdge said. 'And it just makes it difficult to get some products at all.' Burdge said it will be hard at first because U.S. products are still at a price disadvantage, but he believes the tariffs will be effective in the long term, as most of his customers want to buy U.S. products and support local small businesses. 'We have seen a steady increase of where local people want to do business with local companies,' Burdge said. 'We've had support by the city of Kingsport. They have told all their departments, 'Hey, buy local if you can.' And that's nice to see. It's really important for any area that you live in that you try to support local, small businesses.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
01-03-2025
- Business
- Yahoo
New Mexico State will opt into House vs. NCAA settlement, acting AD Amber Burdge says
New Mexico State will opt into the House vs. NCAA settlement, which sets forth a new multi-billion dollar revenue-sharing agreement that allows schools to compensate student-athletes directly, acting athletic director Amber Burdge confirmed to the Las Cruces Sun-News on Friday. Schools across the country had a deadline of March 1 to choose whether or not to opt into the agreement, made in May 2024, which Judge Claudia Wilken of the United States District Court for Northern District of California granted preliminary approval of on Oct. 7, 2024. A final approval hearing is scheduled for April 7, 2025, and it's widely expected Wilken will officially approve the settlement. Burdge was approached for comment on whether or not NM State would opt into the settlement on Friday morning, and a university athletics spokesman provided this statement via email on her behalf on Friday evening: "NM State is proud to opt in to the terms of the House v. NCAA settlement, as this is the right decision for our institution and, most importantly, our student-athletes," Burdge said in her statement to the Sun-News. "Their hard work, dedication, and contributions to our university deserve to be recognized and supported in meaningful ways. "This decision strengthens our commitment to providing the best possible experience for our student-athletes on and off the field by ensuring they have the resources and opportunities they need to thrive. As the landscape of collegiate athletics continues to evolve, we are embracing progress in a way that reinforces our investment in student-athlete success while positioning NM State Athletics to remain competitive at the highest level." More: NMSU can't survive offensive barrage from Weston, Middle Tennessee in 5th CUSA home loss More: NMSU acting AD Amber Burdge outlines goals, ambitions for Aggie sports The House vs. NCAA settlement outlines name, image and likeness payment methods for current and former student-athletes. For former student-athletes, it amounts to damages totaling $2.78 billion over the next 10 years at approximately $277 million annually. Group of Five schools like NM State are responsible for approximately 10% of the NCAA's total damages. The settlement is a culmination of an ongoing legal battle since 2020, when then-collegiate athletes Grant House and Sedona Prince sued the NCAA and the then-Power Five Conferences — the ACC, Big 12, Big Ten, Pac-12 and SEC — for NIL damages and an injunction to force the NCAA to remove restrictions on revenue-sharing from broadcast television rights. In addition to the $2.78 billion in back payments over 10 years, all parties agreed to the creation of a revenue-sharing model for power conferences. Power conference schools were required to opt-in, while other schools and conferences — like NM State and Conference USA — were given the option to join the new structure. For current student-athletes, the settlement mandates NIL deals not established through the university and valued at $600 or more must be reported to a third-party clearinghouse to ensure compliance with market value standards. The settlement also implements roster caps for sports, such as 105 players for football and 15 for basketball. The settlement's terms, if approved, will come into effect at the start of the 2025-26 academic year on July 1. Burdge told the Sun-News that NM State is still working out the exact details of how the university will distribute revenue to its student-athletes. Schools are allowed to pay a maximum of $20.5 million to student-athletes, mirroring an estimated share of 22% of annual revenue generated by Power Four schools. A model outlined in the House settlement details how the $20.5 million can be given to athletes, including 75% to football players, 15% to men's basketball players, 5% to women's basketball players and the remaining 10% to all other athletes. This accounts for $13.5 million for football, $2.7 million and $900,000 for women's basketball players. However, NM State is unlikely to give $20.5 million to its athletes due to its financial situation within athletics. USA TODAY reported NM State's athletics revenue at $30,350,192 for the 2021-22 fiscal year, while data from the Equity in Athletics Data Analysis shows NM State's revenue as $35,828,331 for the 2022-23 fiscal year. Burdge informed the Sun-News that the exact totals of what will be given to student-athletes and teams will be worked out in the coming months. She also said the total amount given to all student-athletes and how many scholarships the university can add for the next academic year has not been determined yet. The settlement marks a fundamental shift in how schools will approach NIL-related matters, and ones that NM State's new NIL leaders will have take on. A-Mountain Sports, NM State's official NIL collective, recently gained new leaders last November in Paul Smith, Luke Smith and Jordan Banegas. The trio replaced Paul Grindstaff, who joined Vanderbilt's Anchor Impact NIL collective in October. The House settlement is also a driving factor behind the NM State's $137 million endowment request for women's sports. Former NM State athletic director Mario Moccia told the Sun-News back in October about his belief that women's sports could get left behind due to the settlement, and the endowment request was a proactive move to make sure female Aggie athletes would be taken care of. Concerns over women's sports funding and making sure the settlement complies with Title IX have posed an obstacle for approval. "There's just a fear with a school like ours that is really living paycheck to paycheck... that women's sports might get left behind," Moccia told the Sun-News in October 2024. "We wanted to be a little proactive." This article originally appeared on Las Cruces Sun-News: Acting AD Burdge says NMSU will opt into House vs. NCAA settlement
Yahoo
27-02-2025
- General
- Yahoo
Push for TN funds to be dedicated to domestic violence servivors
NASHVILLE, Tenn. (WKRN) — More than 100 Tennessee non-profits have signed a letter urging lawmakers to fund services for survivors of domestic violence. Advocates said without the money from the state, some programs could be on the brink of collapse. 'It's crazy,' Rusty Burdge said, looking at old photos of what her life used to be like. The photos on the surface showed a happy family of five. However, Burdge said anyone looking more closely would see something far different. 📧 Have breaking news come to you: → 'In every single picture the kids are crying; I'm crying, but he's smiling,' Burdge said. If you ask Burdge further, she will describe a year of worry and terror. By all accounts, she wasn't the person she is today. '[I was] a whole different person,' Burdge added. That was until she decided: enough was enough. 'It was a situation where I had been abused and stalked, and [without] services that would have not otherwise been there, I wouldn't be here,' Burdge said. Burdge spoke about organizations like the YWCA Nashville & Middle Tennessee. The non-profit is home to the Weaver Domestic Violence Center. The 65-bed emergency shelter is dedicated to women and children. While at the shelter, residents are paired with a case manager who helps survivors begin the process of healing and connects them with community services. 'I had been isolated — like often we are,' Burdge said. 'Had the Weaver Center not been available to me, he literally got a street away from me before God intervened and I wasn't killed that day.' More than 360 people representing victim service providers signed a letter sent to state lawmakers calling on the Tennessee General Assembly to establish a $25 million recurring budget to maintain live-saving programs that ensure 'justice and healing for our fellow Tennesseans, and safe communities for us all.''Individuals who are fleeing domestic violence have a place, a safe haven, a place to go to, and I think that all of us agree that we need such resources in our community,' explained Sharon Roberson, the President & CEO of the YWCA. 'It's an investment because the non-profit sector is doing its work, we've been doing this work a long time, and we are just asking the state, because we are all in agreement we want our communities to be safe, to invest in our missions to keeping individuals safe in our community.' Organizations like the YWCA Nashville & Middle Tennesse, have funding that comes from donations, but they said money from the government is the missing piece they need to keep up with the demand. 'We need to have individuals in our state safe, we need especially women and children to be safe in the state, it's that simple because we are all in favor of being safe, it makes sense for the state to put in the budget to make sure individuals stay safe,' Roberson said. Read the full open letter here Stephen Woerner with the Children's Advocacy Centers of Tennessee said in a statement that, 'without the dollars to back them up, shelters won't be able to stay open, crisis hotlines will go unanswered, and child victims of physical and sexual abuse will be left with nowhere to turn Visit this link to learn more. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
