Daniel Libit

Sports Business Reporter at Sportico

(Un)covering stories for @Sportico | Will sue for public records | [email protected] | @daniellibit.bsky.social

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Articles

Varsity Unveils Pro Cheer League Amid Image Rehab Tour

1 week ago | sportico.com | Eric Jackson |Daniel Libit

Varsity Brands believes cheerleading is ready to graduate from college and step into the professional ranks. On Wednesday, its subsidiary Varsity Spirit unveiled the Pro Cheer League—a for-profit venture designed to offer athletes over 18 a post-collegiate pathway to continue their careers on the mat. It’s the first major new cheer initiative from Varsity since it was acquired by private equity firm KKR from Bain Capital last year as part of a $4.75 billion deal.
Varsity Unveils Pro Cheer League Amid Image Rehab Tour

1 week ago | sports.yahoo.com | Eric Jackson |Daniel Libit

Varsity Brands believes cheerleading is ready to graduate from college and step into the professional ranks. On Wednesday, its subsidiary Varsity Spirit unveiled the Pro Cheer League—a for-profit venture designed to offer athletes over 18 a post-collegiate pathway to continue their careers on the mat. AdvertisementMore from Sportico.comIt’s the first major new cheer initiative from Varsity since it was acquired by private equity firm KKR from Bain Capital last year as part of a $4.75 billion deal.
Donald Trump's Golf Course Income Fell in 2024 From Previous High

1 week ago | sportico.com | Daniel Libit

Newly released financial disclosures reveal that President Donald Trump brought in over $600 million in 2024, buoyed in part by fresh ventures in the cryptocurrency space. Yet one of his traditionally robust revenue sources—his golf course empire—appears to have seen a dip. According to his most recent filings with the U.S. Office of Government Ethics (OGE), Trump reported $354 million in income from his golf properties last year.
Herschel Walker Discloses Eight-Figure Assets Ahead of Ambassadorship

1 week ago | sportico.com | Daniel Libit |Lev Akabas

Herschel Walker—former football star, failed Senate candidate and presumptive nominee as U.S. Ambassador to the Bahamas—has net assets between between $32.1 million and $80.5 million, according to his latest financial disclosure filed with the U.S. Office of Government Ethics (OGE). Including Walker’s wife, the couple together claim a net worth of between $36.4 million and $93.2 million.
Batt's MSU Deal Deal Mandates College Sports Commission Cooperation

2 weeks ago | sportico.com | Daniel Libit

New Michigan State athletic director J Batt will be required to “cooperate fully” with any investigations conducted by the College Sports Commission (CSC), according to a copy of his recently signed contract. Batt’s $12.6 million deal is one of the first publicly known athletic department employment agreements to explicitly reference the CSC, which was officially unveiled last week following Judge Claudia Wilken’s approval of the House v. NCAA settlement.
MSU AD’s Deal Forces Compliance With NIL Oversight Group

2 weeks ago | sports.yahoo.com | Daniel Libit

New Michigan State athletic director J Batt will be required to “cooperate fully” with any investigations conducted by the College Sports Commission (CSC), according to a copy of his recently signed contract. Batt’s $12.6 million deal is one of the first publicly known athletic department employment agreements to explicitly reference the CSC, which was officially unveiled last week following Judge Claudia Wilken’s approval of the House v. NCAA settlement.
Mountain West Reached Revenue High Ahead of Pac-12 Showdown

2 weeks ago | sportico.com | Daniel Libit

The Mountain West Conference came close to cracking nine-figure revenue in fiscal year 2024, pulling in a record-setting $92.8 million—up from $78.2 million the year prior—just as it entered a high-stakes, increasingly adversarial engagement with the Pac-12. According to the conference’s latest tax filings obtained by Sportico, commissioner Gloria Nevarez earned $1.02 million in base compensation during her first year on the job.
Mountain West Reached Revenue High Ahead of Pac-12 Showdown

2 weeks ago | sports.yahoo.com | Daniel Libit

The Mountain West Conference came close to cracking nine-figure revenue in fiscal year 2024, pulling in a record-setting $92.8 million—up from $78.2 million the year prior—just as it entered a high-stakes, increasingly adversarial engagement with the Pac-12. According to the conference’s latest tax filings obtained by Sportico, commissioner Gloria Nevarez earned $1.02 million in base compensation during her first year on the job.
First Post-House Hearing Shows Congress Still Divided on NIL Reform

2 weeks ago | sportico.com | Daniel Libit

In the first Congressional hearing since the House v. NCAA settlement was approved, the House Committee on Energy and Commerce convened to debate a Republican-led proposal aimed at granting broad but ill-defined “liability protections” to the NCAA, conferences and schools in an effort to bring greater stability to college athletics. The hearing, titled “Winning Off the Field,” centered on draft legislation introduced this week by committee chair Brett Guthrie (R-Ky.) and Rep.
House v. NCAA May Be Settled, but Congress Is Not

2 weeks ago | sports.yahoo.com | Daniel Libit

In the first Congressional hearing since the House v. NCAA settlement was approved, the House Committee on Energy and Commerce convened to debate a Republican-led proposal aimed at granting broad but ill-defined “liability protections” to the NCAA, conferences and schools in an effort to bring greater stability to college athletics. The hearing, titled “Winning Off the Field,” centered on draft legislation introduced this week by committee chair Brett Guthrie (R-Ky.) and Rep.