NBA's New Herro: Top Stories, Sports and Business News — Sept. 24

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These are the stories shaping sports and business for Thursday Sept. 24, 2020.

NBA's New Herro?

The Miami Heat now have a commanding 3-1 lead in the Eastern Conference Finals over the Boston Celtics as they got 37 points from rookie Tyler Herro who is just 20 years old and was the 13th pick in the draft, another example of excellent team building from Miami both through the draft via picks like Herro and Bam Adebayo, who was taken 14th in 2017 and other acquisitions like signing Jimmy Butler this offseason and trading for Goran Dragic in 2015. All in all an impressive return to championship contention from Pat Riley, Erik Spoelstra, and company after they went against a rebuild following the retirement of Chris Bosh and Dwyane Wade and the departure of LeBron James.

Speaking of James, he and the Lakers take on the Nuggets tonight and will attempt to take a 3-1 lead themselves but Lebron’s mind was elsewhere yesterday as he was one of many athletes to express disappointment regarding the lack of charges for the officers involved in Breonna Taylor’s death tweeting “I’ve been lost for words today! I’m devastated, hurt, sad, mad! We want Justice for Breonna yet justice was met for her neighbors' apartment walls and not her beautiful life. Was I surprised at the verdict? Absolutely not but damnit I was & still am hurt and heavy-hearted! I send my love to Breonna's mother, family and friends! I’m sorry! I’m sorry! I’m sorry!!"

Coronavirus Update

According to Johns Hopkins, There are over 31.9 million cases of the virus worldwide, with over 978,000 deaths.

The U.S. has surpassed 6.9 million cases with 202,000 deaths.

Per the COVID-19 Tracking Project, there were 38,024 new cases reported Tuesday, which is lower than the 49,439 cases reported the day earlier. 842,963 new tests were reported. And 1,138 deaths were reported yesterday, which is higher than the 854 deaths reported the day prior.

The number of Americans filing for jobless benefits remains at historical levels.

On Thursday, the Labor Department reported that 870,000 Americans filed for first-time jobless benefits for the week ending Sept. 19, up from a revised 860,000 claims the week earlier. Economists polled by FactSet had been expecting claims of 850,000.

The number marks the fourth consecutive week of claims below 1 million since the pandemic shut down the U.S. economy in late March, but analysts noted this was mostly due to a change in the way the Labor Department makes its seasonal adjustments, which applied for the first time to the last jobless claims report for August.

The Labor Department said that continuing claims--the number of people not just filing for the first time, but staying on unemployment benefits--came in at 12.58 million, which was revised downward from 12.7 million.

And this comes as Treasury Secretary Steven Mnuchin told the Senate Banking Committee that a targeted stimulus package is still needed and that he would work with House Speaker Nancy Pelosi to resume talks.

Mets Mets Mets

The New York Mets were eliminated from yet another postseason this week, but fans of the Metropolitans STILL feel like they won the World Series last week after the Wilpon family agreed to sell the team to hedge fund manager Steve Cohen.

While the pending deal values the team at $2.4 billion and, more importantly, wrests control of the team out of the hands of the hated Wilpons, there is still the issue of SNY, the team’s media network.

The New York Post reported that the Wilpon family is open to sell their 65% SNY stake to Cohen, assuming he garners the necessary approval from 23 of Major League Baseball’s 29 owners for the sale of the team to become official.

There were reports that Cohen has an exclusive 30-day window to buy SNY once the Mets deal is done, but NJ.com is reporting that there have been no talks between the Wilpons and Cohen.

So as another season ends without a pennant for the baseball team from Queens there is a lot of uncertainty going forward. But there is also a lot of reason for optimism. 

TheStreet's Tony Owusu and Sports Illustrated's Robin Lundberg contributed to this report.

You can follow Katherine Ross on Twitter at @byKatherineRoss.

Read more from Katherine Ross here.

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