Here are the top stories driving business and sports news on Thursday, May 14.
Florida Looks to Reopen
Florida Governor Ron DeSantis invited NFL, NBA, MLB and other major league sports teams and players to come to the Sunshine State. During a news conference DeSantis sent out a message to all league commissioners saying, "What I would tell commissioners of leagues
is, if you have a team in an area where they just won't let them operate, we'll find a place for you here in the state of Florida.”
This announcement comes about a day after Arizona Governor Doug Ducey said Arizona would be open for business for all sports starting this Saturday as long as they are played without fans in stadiums.
Florida has had a few sporting events take place since the coronavirus outbreak including WWE WrestleMania and UFC 249. Florida has nine professional teams including three from the NFL.
From Sports Illustrated: MLB Proposes Plan to Test All Players and Staff for Coronavirus When Season Resumes
A Coronavirus Update
There are nearly 4.4 million cases of the virus worldwide, with nearly 300,000 deaths.
1.3 million of those cases are in the U.S., and the U.S. has nearly 85,000 fatalities.
Russia has 252,000 cases and the United Kingdom has over 234,000 cases, with over 33,000 deaths.
Today, we got data on how many Americans filed for unemployment in the past week.
The figure came in at 2.98 million Americans, which was more than what economists who polled for 2.7 million Americans.
Continuing jobless claims were 22.8 million, still the highest on record.
And this means that, over the past eight weeks, 36.5 million Americans have filed for unemployment.
From TheStreet: Watch Jim Cramer's Investing Club Call for Free on Thursday
MLB Teams and Players Go Head to Head
It seems the support and charitable acts from professional athletes to help support their local communities is now taking a backseat to athletes arguing about how much money they should get paid if and when their sports would return to action.
Major League Baseball is tossing around the idea of playing half a season which some believe would mean a cut in salary for the players and a reported 50-50 split of revenue between players and owners. But according to the Tampa Bay Rays pitcher, Blake Snell, that’s not happening.
Snell was streaming on this twitch channel when he started ranting abouthis contract. The AL CY Young winner told his audience, “I gotta get my money. I'm not playing unless I get mine, OK? And that's just the way it is for me. Like, I'm sorry you guys think differently, but the risk is way the hell higher and the amount of money I'm making is way lower. Why would I think about doing that?”
The 50-50 revenue split was approved by the MLB owners but is now waiting for approval from the MLB Players Association. This back and forth about salaries is really just the beginning as all professional sport team owners and athletes are in unprecedented times and there’s no real language in their Collective Bargaining Agreement that accounts for work stoppage due to a global pandemic.
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