JOSH HARRIS

A person with knowledge of the situation tells The Associated Press that Magic Johnson has joined Josh Harris' bid to buy the NFL's Washington Commanders.

Cal Ripken and Cooperstown are connected again.

The bid for Chelsea launched by Boston Celtics co-owner Steve Pagliuca has added Canadian sports tycoon Larry Tanenbaum ahead of Thursday’s expected deadline for improved offers for the Premier League club.

Final bids are being prepared for European champion Chelsea as the process to end the ownership of sanctioned Russian oligarch Roman Abramovich steps up.

The next CEO will be tasked with helping the Sixers land a new arena and helping the New Jersey Devil increase in value.

Reggae artiste Norris Man breathes a breath of fresh air into his newest track, “This Morning.” Produced by Umberto Echo for Big Feet Records

NBCUniversal, the parent company of CNBC, could explore selling its sports networks. And if it does, team owners could look to purchase the assets.

Pressed on Embiid and Simmons, Morey quipped he was low on the tenure board. “I think they absolutely can work together,” Morey said, “but Doc’s been here a little longer than me. “Whatever my role needs to be, I accept that role,” Brand said. “The goal is not to shoot 3-pointers, the goal is to win,” Morey said. Or Morey and Rivers, who bring decades of sustained winning to Philly and will demand players do it their way?

That's the label NBA insiders give Doc Rivers after his quick move from the L.A. Clippers to the Philadelphia 76ers. "Chief Performance Officer," one NBA executive said when describing Rivers' hire. The NBA executive agreed to speak to CNBC on the condition of anonymity due to the sensitivity of discussing team business. "It's appropriate in this circumstance," added former NBA executive Andy Dolich when told of the "CPO" label. Rivers' new five-year contract is north of $40 million and includes incentives which trigger on team performance.

The logo for the National Hockey League's (NHL) New Jersey Devils is displayed outside the team's home arena, the Prudential Center, in Newark, New Jersey. On Monday, Philadelphia 76ers and New Jersey Devils' employees were informed they will be receiving temporary salary reductions of up to 20% starting April 15 and going through the end of June. The cuts apply only to employees making more than $50,000 and includes employees in the front office. In a statement, Scott O'Neil, CEO of Harris Blitzer Sports & Entertainment said the decision was made to ensure "we can support and operate our businesses during these uncertain times without reducing our workforce." These temporary cuts do not apply to players on the team, but do apply to executives at the highest levels.