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Daniel Kaplan

Staff writer Daniel Kaplan covers the NFL, finance and tennis.

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NFL owners increase debt limit to $250M

Published in SportsBusiness Journal on 05 / 25 / 15

The NFL last week increased its team debt limit by 25 percent, or $50 million, to $250 million per club, only the second increase in 10 years in how much franchises can borrow. Owners unanimously approved the increase at their spring meeting in San Francisco. The move comes amid skyrocketing ...

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Tags: Leagues and Governing Bodies

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SportsBusiness Journal: Sanex WTA Tour forced to pay

The Sanex WTA Tour had to pay the organizers of the Pacific Life Open $72,000 because it failed to deliver enough of the top six seeded women for the event. Under WTA rules, its events are entitled to a certain number of top players based on the tournament's status. As one of the top tourney ...

Tags: IMG, Sanex, Tennis, This Week's Issue, WTA

SportsBusiness Journal: CART dips into cash to promote

Championship Auto Racing Teams plans to deplete its cash hoard this year by 10 percent, bringing the total down to $103 million from $115 million, the company's chief financial officer, Tom Carter, told an analysts' conference call last week. The reduction of the cash r ...

Tags: Championship Auto Racing Teams Inc., Motorsports, Other News

SportsBusiness Journal: Sampras, Nike make up

Pete Sampras reunites with Nike. Nike has taken back Pete Sampras as an endorser, seven weeks after the tennis legend blasted the sporting goods giant. After his outburst, the company publicly said it ...

Tags: Other News, Tennis

SportsBusiness Journal: ATP to launch ad campaign

The ATP's new ads again focus on the tour's young guns. The ATP plans to launch a major advertising campaign this week in USA Today, on ESPN and on ABC, which will broadcast the men's final of the Pacific Life Open this Sunday. The campaign, the cos ...

Tags: ABC, ESPN, Pacific Life Insurance, Tennis, This Week's Issue

SportsBusiness Journal: Net not promoting ATP finals

Outdoor Life Network is broadcasting the finals of four North American ATP tournaments through mid-April and is in talks to cover the French Open. But good luck finding out about the broadcasts. While tennis insiders say Comcast-owned Outdoor Life Network (OLN) represents an i ...

Tags: Clear Channel Communications Inc., Fox, Tennis, This Week's Issue

SportsBusiness Journal: Agassi sues watchmaker

Andre Agassi sued watchmaker Rolex for $2 million for using his image from Wimbledon competition in TV ads that ran in the United States in 2000 and last year. The lawsuit is similar to one brought by Dutch player Richard Krajicek, who sued the watchmaker for implied endorsement in 2000 ...

Tags: Rolex, Tennis, This Week's Issue

SportsBusiness Journal: Deutsche arm, Edge Sports ally

The North American investment banking arm of German giant Deutsche Bank is forming an alliance with Chicago-based Edge Sports International to manage athletes' money and insurance needs. It is the latest move by a large financial services company into sports , as the big bucks earned by athle ...

Tags: Other News

SportsBusiness Journal: Head numbers down for Q4, year

European sports equipment maker Head saw earnings dive in the fourth quarter and in 2001 as the weak retail environment and costs associated with restructuring its footwear line and establishing its new U.K. operations hurt the bottom line. All the company's product lines except racket s ...

Tags: Finance

SportsBusiness Journal: ATP seeks dismissal of suit

As expected, the ATP asked a federal court to dismiss an antitrust lawsuit filed against the men's professional tennis sanctioning group by two of its tournaments. The response was filed last Wednesday in the U.S. District Court in Indianapolis. The ATP stands accused by its Indianapolis an ...

Tags: Legg Mason Inc., Tennis, This Week's Issue

SportsBusiness Journal: State Street group folded into firm

Not every money manager thinks athletes are so special that they deserve a specific unit catering to their financial needs. State Street Global Advisors (SSGA) has quietly disbanded its sports group, folding it into the firm's larger wealth management division. Derek Sanderson, the former ...

Tags: Other News

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