Sports jumps on PPP bandwagon, but big leagues take a pass

Rapper Ice Cube, Republican Ohio Gov. Mike DeWine and longtime boxing promoter Bob Arum led a cavalcade of sports leagues, federations, businesses and teams that navigated a federal loan program designed to help small firms cope with the economic impact of the coronavirus pandemic. Data released Monday showed hundreds of thousands of Paycheck Protection Program recipients across a wide range of industries, and sports-related businesses were well represented. Big 3 Basketball LLC, a Los Angeles-based 3-on-3 basketball league co-founded by Ice Cube, received $1.6 million and returned $700,000, Jeremy Watkins, a spokesman for the company, told The Associated Press.

Read more: https://sports.yahoo.com/sports-jumps-ppp-bandwagon-big-020727949.html?src=rss

NHL, players' union announce plan to resume play on Aug. 1

The National Hockey League and NHL Players’ Association announced a tentative agreement Monday to return to play this season and extend their collective bargaining agreement by four years. The CBA deal, coupled with both sides’ agreement on protocols for training camps and games, paves the way for hockey to resume in less than a month. Training camps would open next Monday, July 13, and games would resume Aug. 1 if the league’s board of governors, players’ executive committee and full membership sign off.

Read more: https://sports.yahoo.com/nhl-union-announce-plan-resume-play-aug-1-220026517--nhl.html?src=rss

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