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Why did NFL settle with Deshaun Watson? Look at the team owners – Yahoo Sports

Posted: August 23, 2022 at 12:15 am

As terms of the Deshaun Watson disciplinary settlement became public Thursday, an NFL executive familiar with the Cleveland Browns quarterback posed a question that is bound to linger in the ensuing months. It encapsulated the lengthy path the league carved on its way to the negotiated outcome, a route that went from the NFLs 19-month pursuit and 215-page investigative report, to an overturned arbitration ruling, to commissioner Roger Goodell embracing words like egregious and predatory to describe Watson.

After all that, the executive asked, why didnt [the NFL] drop the hammer?

The question itself is framed through an opinion. Some in the league maybe many see Watsons 11-game suspension and $5 million fine as proof positive that the NFL pulled back at the very end of the process. Others many of whom orbit the quarterback see it as far steeper than the evidence warranted in the sexual assault and misconduct allegations that have followed Watson since March of 2021. But even inside those warring vantage points, there is an undeniable reality coming out of this week. And it's this:

The NFL took control of the Watson case when it appealed the six-game suspension laid down by arbitrator Sue L. Robinson. For all intents and purposes, it controlled the end of the disciplinary process from the moment it hand-selected former New Jersey Attorney General Peter C. Harvey, who has deep ties to the league, to deliver a final verdict. From that point, everyone in Watsons camp expected a home-cooked result was in the pipeline. It meant if the NFL wanted an indefinite one-year suspension, that was going to be the result.

Yet right when the league appeared poised to dictate that outcome, to have its drop-the-hammer moment, it instead cut a deal. Rather than a one-year ban that would have pushed Watsons entire contract back a year, potentially costing $40 million or more by shaving another season off his prime earning years, it settled and kept Watsons extension on schedule.

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The question of "why?" hangs in the wind.

Deshaun Watson told reporters Thursday that he stood on his innocence. (Photo by Nick Cammett/Getty Images)

The league had the control of the disciplinary process that it wanted. And Goodell made clear what the NFL thought of Watsons alleged behavior. Not only did it say Watson committed sexual assault (by the leagues definition, not necessarily by criminal definition), but it painted him as unremorseful, predatory and acting in a way that endangered the well-being of the four women accusers whose allegations were presented in the disciplinary process.

And on top of it all, the NFL leaked the goal of a one-year suspension, plus a monetary fine. Thats not the kind of thing done when the final plan is to turn around and negotiate something less after taking control of the process, especially when there isnt any provision preventing Watson and his representation from signing a settlement and then proclaiming that the quarterback is innocent and the deal is just a tool to move forward with his career.

Yet here we are, in that precise space, with the NFL having cut a deal and Watson sending mixed messages about his responsibility in all of this. On Watsons side of the fence, the compromise makes sense. His camp and the union lacked the final control of the process and an immense amount of future salary was on the line. On the NFLs side, the deal appeared to make less sense. Unless there was a reason that wasnt readily obvious.

In the end, I believe there was.

After talking to a handful of sources who played a part in the arbitration process including reading through the briefs that changed hands I think Goodell and the leagues owners didnt want to risk what might happen on the other side of a one-year Watson suspension. Heres why.

First and foremost, I believe the leagues full suspension of Watson and an even more significant financial fine would have triggered another drawn-out attempt at cracking the leagues disciplinary dynamic in a federal jurisdiction. While that litigation would have likely been unsuccessful, it wouldnt have come without a financial cost and additional public-relations distractions. And for those who havent been paying attention, the leagues legal bills are believed to be considerably spiraling.

And, second, the leagues team owners could have risked a public-relations napalming from the NFL Players Association, which until the Watson case had been quietly seething over the NFL's track record of investigations, specifically the aggression and follow-through displayed by the leagues investigators when players (not just Watson) face allegations versus when franchise owners find themselves in legal or moral trouble.

The last thing the NFL wants is someone building a decades-long list of every potential violation of the personal-conduct policy committed during the tenure of every club owner in the league. Theres a chance that could have happened if Watson had been suspended for a year. And I think the motivation for it was fueled by Robinsons decision, which vividly painted the NFL as a corporation that is creating standards of player justice as it goes along.

Most fans might not care about that kind of thing when it comes to the leagues internal judicial process. Especially when its centered on a quarterback who faced the kind of civil allegations that Watson faced. But the union cares, because every single case like this sets a standard for how the next player is treated. Just as every investigation into a team owner that fades into the background sets a standard for how franchise owners are treated.

Theres little question that such a disparity exists, especially when an owner like the Dallas Cowboys Jerry Jones can cut a $2.4 million settlement with former cheerleaders over a workplace incident and move on like it never happened. Or Washington Commanders owner Dan Snyder can be accused of well, a hell of a lot and face consequences that dont seem very consequential at all. Thats two prominent team owners. Imagine a motivated adversary engaging in a significant deep dive into the other 30 teams in the league, and then showcasing all the league investigations that never took place.

None of which gets into the litany of other things that have been going on this offseason, such as: the NFL being forced into a $790 million settlement with the city of St. Louis over the Rams' relocation; Goodell being called to testify before Congress about a wasteland of Snyder allegations; Jon Gruden filing a lawsuit against the league that has become a serious threat; the city of Oakland trying to take the league in front of the U.S. Supreme Court in an antitrust case; the league recently reaching a settlement after a particularly disgusting revelation of "race norming" in concussion settlements; and former Miami Dolphins coach Brian Flores still having a pending class-action lawsuit against the league over racial discrimination.

Surely, I have left some litigation out. But you get the point.

All of this served as an undercurrent to the leagues decision to exit the Deshaun Watson disciplinary fight when it became tolerable to do so. When push came to shove, the leagues team owners didnt want any part of it dragging on. They didnt want the headlines. They didnt want the attention. They didnt want the shared legal bills or unforeseen headaches.

What they wanted was to get it over with and move on to actual football. And thats exactly what Goodell and the settlement gave them.

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Why did NFL settle with Deshaun Watson? Look at the team owners - Yahoo Sports

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Twitter’s CFO warned employees they’re on track to get 50% of their typical annual bonuses because of the company’s financial challenges, report says…

Posted: at 12:15 am

Twitter CEO Parag Agrawal (left) is at loggerheads with Elon Musk over the Tesla CEO's proposed $44 billion takeover.Kevin Dietsch/Getty Images, Andrew Kelly/Reuters

Twitter CFO Ned Segal warned employees Friday their bonuses could be half the maximum, per The NYT.

Segal said the company's bonus pool was at 50% of where it could be if financial targets were being hit, per The NYT.

Twitter employees' bonuses are tied to the company's financial performance, which has declined of late.

Twitter told employees Friday they're on course to get half their typical annual bonuses because of the company's financial challenges,The New York Times reported.

In an email to staff, Twitter CFO Ned Segal said the social-media company's bonus pool was currently at 50% of what it could be if financial targets were being hit, The NYT reported, citing as sources two employees who received the email.

Twitter didn't immediately respond to Insider's request for comment. The NYT said a Twitter spokesperson confirmed the email's veracity and declined to comment further.

Twitter's warning on bonuses comes as it tries to force Tesla and SpaceX CEO Elon Musk to complete his proposed $44 billion acquisition of the social-media group something Twitter highlighted in its second-quarter earnings report as having had a detrimental impact on its finances.

Twitter, Meta, Alphabet, and other platforms that rely at least in part on digital advertising for revenue are grappling with a downturn in the ad market amid fears of recession.

Twitter employees receive annual bonuses based on the company's financial performance, which could improve before they are ultimately paid out.

Twitter and Musk are at loggerheads over their proposed $44 billion deal, which has culminated in a fractious legal battle between the parties. Musk argues Twitter won't provide him with necessary detail about the volume of spam bots on its platform.

In its second-quarter earnings report, published July 22, Twitter said "uncertainty" over Musk's proposed takeover of the company, as well as advertising industry headwinds, contributed to its first quarterly revenue decline since 2020. Twitter reported a net second-quarter loss of $270 million compared with a net income of $66 million in the same quarter in 2021.

Insider's Lara O'Reilly exclusively reported Friday that dozens of Google's external recruiters just lost their jobs amid its hiring freeze.

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Twitter's CFO warned employees they're on track to get 50% of their typical annual bonuses because of the company's financial challenges, report says...

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Fantasy Football All-Boring Team: Which veterans can we actually trust in 2022 drafts? – Yahoo Sports

Posted: at 12:15 am

I understand that fantasy football is generally a young-mans game on the field, and we like to engage possible breakout players and the hot new rookies. But sometimes a boring but reliable veteran player is a preferred fantasy jam, and today I want to offer five of those boring but useful vets for you to consider on draft day.

Why hes boring: Hes entering his age-32 season, and hes clearly the second-most talented receiver on his own team (Justin Jeffersons upside is the moon). Thielen missed four games last year, and had the lowest YPC of his career. He hasnt topped 1,000 yards since 2018.

Why hes a value: Thielen is an outstanding space receiver who excels in the red zone hes scored 24 times over his last 141 catches, covering the last 28 games. And while Jefferson might eventually cut into some of Thielens goal-line workload, its unlikely Kirk Cousins will completely ignore the red-zone chemistry he has with Thielen. The Vikings also have an exciting new coaching staff in place, which should be more creative in the passing game. Throw in a narrow Minnesota passing tree and Im plenty interested in Thielen at his Yahoo ADP of 84.7.

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Why hes boring: Hes been well-traveled, paling with four different franchises over eight years. The Texans are one of the NFLs most struggling franchises, at the front stages of what could be a lengthy rebuild. Cooks has been a steady performer for his career, but seldom a star hes never made a Pro Bowl. He has a modest 19 touchdown catches over his last four years.

Why hes a value: Houston QB Davis Mills is likely better than the public realizes. And the Texans passing game is going to route through Cooks he absorbed a juicy 134 targets last year. In some markets, the crowd is hip to Cooks hes percolated into the Top 50 of NFFC drafts in August. But his overall Yahoo ADP still rests outside the Top 70; if you can land that ticket, or anything reasonably close, youve done well.

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Houston Texans wide receiver Brandin Cooks has bounced around in his career, but has always been a reliable fantasy performer. (Photo by David Rosenblum/Icon Sportswire via Getty Images)

Why hes boring: Hes low-key, not a glamour guy, with a quiet but reliable work ethic, seldom in the headlines or society pages. Carrs fantasy placement the last five years has been respectable but never outstanding starting with last year, hes checked in at QB14, QB13, QB16, QB18, QB19. And Carrs been around a while, stepping into his age-31 campaign.

Why hes a value: Carr finally gets to work with a dynamic receiver in Davante Adams, his old running mate from Fresno State. The Raiders also have two other plus targets in slot machine Hunter Renfrow and tight end Darren Waller. And the Vegas offense might need to be pass-heavy for 2022, as a shaky offensive line is likely to limit the running game. When you dont have faith in the beef up front, its usually easier to mask problems by proactively throwing the ball. If you like to take a value-driven approach at quarterback, Carr makes sense as the 14th quarterback off the board in Yahoo leagues.

Why hes boring: Shultz was merely a fourth-round pick in the 2018 Draft, coming into the league with modest expectations. His Player Profiler comp is Austin Hooper, not a slam but not a glowing recommendation either. Schultz did very little in his first two seasons, and over his four-year career he averages an ordinary 10.0 YPC.

Why hes a value: Schultz posted a snappy 78-808-8 breakout season last year, and slotting him as the TE3 in the end-of-year ranks. And yet hes still available as the No. 6 tight end in Yahoo drafts, behind George Kittle (dealing with a young QB; seldom scores touchdowns) and Darren Waller (a good player, but perhaps the No. 3 option in the Raiders passing game). Schultz looks like hes in the catbird seat, important in the Dallas offense but seldom to be the primary focus of defenses, given the skills of WR CeeDee Lamb. Schultz has an excellent chance to beat or at least meet his current ADP of 56.5.

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Why hes boring: Hes not heavily used in the passing game, and hes merely a good touchdown source, not a dominant one (39 spikes in 58 games). The Browns have quality backs complimenting Chubb (Kareem Hunt, DErnest Johnson), and the offense wont have Deshaun Watson for 11 games, forcing Jacoby Brissett (or perhaps Jimmy Garoppolo) to hold down the fort. The Browns use Chubb liberally but seldom force the ball to him; hes averaged 17.4 touches per game over the past two seasons.

Why hes a value: In some rooms, Chubbs ADP is falling notably. Over the past three weeks in NFC leagues, hes carrying an ADP of 25. If youre going to let me take Chubb late in the second round or early in the third, his sturdy floor calls to me. Chubb has taken an earlier pick in the Yahoo world (overall ADP of 15.1), but again I want you to target him if he slips to the late-second or early-third round, as perhaps he will now that the Watson suspension length has been solidified (hurting overall Browns stock). Im still willing to bet on Nick Chubb.

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What is quiet quitting and why are employees loving it? – Yahoo Life

Posted: at 12:15 am

Not up for joining the Great Resignation? Well, quiet quitting might be more your pace.

What is inflation and what causes it?

The approach to dealing with work has become popular on TikTok. However, TikTok users have a tendency to relabel pre-existing behaviors, cultural traditions and common knowledge as new trends. So you may have quietly quit before.

Watch this living room that hasn't been updated since the '60s get a modern redesign:

As The Independents culture writer Clmence Michallon described it, Quiet quitting is another way of saying you have healthy boundaries with your boss.

What is quiet quitting?

Teacher @millenialmsfrizz explained on TikTok, quiet quitting is simply when a worker does not go above and beyond their agreed-upon and/or contractual duties. That means no coming in early and staying up late. That means no taking on extra responsibility without extra compensation. That means being as invested as the job requires, not as invested as your boss demands.

Remembering that a work contract is a business transaction is the most normal, sensible thing of all, Michallon wrote. It is an exchange of something (money) against something else (labor). Keeping in mind what youre being paid for and what youre not is basic common sense.

Quiet Quitters on TikTok find the mentality liberating

TikToker Clayton Farris said after learning about quietly quitting, he realized its what he had been forced to do for years. He mentally checked out from work while still doing his job.

I still work just as hard. I still get just as much accomplished. I just dont stress and internally rip myself to shreds. And its beautiful! he said.

There is nothing groundbreaking about choosing to have a work-life balance and opting out of exploitation. But in the U.S., where wages have stagnated for decades (while businesses make record-breaking profits and CEOs score bigger bonuses), hustle culture dominates, and workers are always expected to go above and beyond.

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If youre not being paid a living wage and the minimum wage is far from that then just showing up for work is arguably going above and beyond. People are sick of having to work in inhumane conditions for inhumane pay. Some workers are unionizing, some are winning lawsuits, and others are quitting. And TikTokers are discovering quietly quitting.

Watch this living room that hasn't been updated since the '60s get a modern redesign:

The post What is quiet quitting and why are employees loving it? appeared first on In The Know.

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What is quiet quitting and why are employees loving it? - Yahoo Life

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Ford cutting 3,000 white-collar jobs in bid to lower costs – Yahoo Finance

Posted: at 12:15 am

DETROIT (AP) About 3,000 white-collar workers at Ford Motor Co. will lose their jobs as the company cuts costs to help make the long transition from internal combustion vehicles to those powered by batteries.

Leaders of the Dearborn, Michigan, automaker made the announcement Monday in a companywide email, saying that 2,000 full-time salaried workers would be let go along with another 1,000 contract workers.

The cuts represent about 6% of the 31,000 full-time salaried work force in the the U.S. and Canada. Fords 56,000 union factory workers are not affected. Some workers also will lose jobs in India.

The job losses come at a time of unprecedented change in the auto industry that for more than 100 years has made a living by selling petroleum-powered vehicles. Governments across the globe are pushing to eliminate combustion automobiles to mitigate the impact of climate change. Companies like Ford are orchestrating the wind-down of their combustion businesses over multiple years, even though they are still generating the cash to fund electric vehicle development.

Ford has said it plans for half of its global production to be electric vehicles by 2030.

Executive Chairman Bill Ford and CEO Jim Farley said in the email to employees that Ford will provide severance benefits and significant help for the workers to find new jobs. They wrote that Ford has a chance to lead in the new era of connected and electric vehicles.

Building on this future requires changing and reshaping virtually all aspects of the way we have operated for more than a century, the email said. It means redeploying resources and addressing our cost structure, which is uncompetitive versus traditional and new companies.

Farley and Ford wrote that the company examined each teams shifting work to decide where cuts would be made. The company determined that its cost structure wasnt competitive with General Motors, Stellantis and Tesla. Ford has said previously that it has a target of cutting $3 billion in annual internal combustion vehicle structural costs by 2026.

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We are eliminating work, as well as reorganizing and simplifying functions throughout the business, they wrote in the email.

Farley has said repeatedly that the companys global work force of 182,000 is too large, and it needs to trim costs and simplify processes so it can move faster as it transitions to electric vehicles.

The company already has restructured in Europe, Asia and India.

The cuts may not be over. Company spokesman T.R. Reid said Ford will continue to change with the industry and more job losses are possible. He said its common for companies to continually add people where they need them and trim where fewer jobs are needed. With the fast pace of this industry, were going to manage the business smartly for these rapidly evolving priorities, he said.

Ford shares, already under pressure after a $1.7 billion verdict against the company related to a vehicle fatality in Georgia, slid almost 6% and led automakers lower amid a broad sell-off in markets Monday.

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Aaron Judge home run tracker: Is the Yankees star on pace to eclipse Roger Maris’ 61-homer AL and team record? – Yahoo Sports

Posted: at 12:15 am

Aaron Judge is having a season to remember for the New York Yankees. Just how will we remember it? Well, thats the part to be determined. See, Judge is hitting homers at a blistering pace threatening to break Roger Maris American League (and Yankees) record for long balls.

Even if he falls short of that mark, hes threatening to hit more homers than anyone has in a single season in 20 years. Oh, and he could make himself a lot of money in the process, from the Yankees or someone else, after declining an extension offer in the spring.

So, its time to start tracking his chase for history.

47. Entering Mondays Subway Series against the New York Mets, Judge had been stuck on 46 for nine games, a relative eternity in his mammoth 2022. He remedied that with an opposite-field blast off Max Scherzer in the third inning.

The brief homer drought coincided with a brutal stretch of losing for the Yankees, but Judges production hasnt been the problem. Heres his homer breakdown by month:

April: 6

May: 12

June: 11

July: 13

August: 5

If he plays all the Yankees remaining games, Judges current pace would get him to 62, eclipsing Roger Maris historic 1961 total of 61.

Of course, hes not a lock to play every game, and hes certainly not assured of keeping up his prodigious pace. The ZiPS and Steamer projection systems at FanGraphs both forecast Judge for 57 homers right now.

If he did reach 57, it would be just the 17th MLB season with that many homers.

Yankees star Aaron Judge is on track to challenge Roger Maris' AL-record 61-homer season. (Photo by Rob Tringali/MLB Photos via Getty Images)

While Barry Bonds, Sammy Sosa and Mark McGwire trounced Maris longstanding record in their late '90s, early 2000s slugfests, they all did so in the National League. The Yankees greats mark, 61, still stands in the AL.

In fact, the top AL home run seasons are still held by the likes of Roger Maris, Babe Ruth, Jimmie Foxx and Hank Greenberg. The closest any modern player has come to beating Maris was Alex Rodriguezs 57-homer campaign for the 2002 Texas Rangers.

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Maris and Ruth (in 1927) have the only 60-homer seasons in Yankees history, with Ruth also logging a 59-homer year in 1921. Judge himself was the last Yankee to surpass the 50-homer threshold, during his Rookie of the Year-winning 2017.

Yes. Judge looks assured, barring an injury, of becoming just the 10th player in MLB history with two or more 50-homer seasons. Sosa, McGwire and Ruth have the most all time, with four each. The last player to notch a second 50-homer season was Rodriguez. He wound up with a total of three.

Judge, who is 30 years old and in the midst of a career season, certainly has a chance to keep climbing this list.

As he races toward a potential AL MVP award, Judge could also best his teammate Giancarlo Stantons single-season homer mark among active players. Stanton crushed 59 homers during his 2017 NL MVP season for the Miami Marlins.

The Yankees made what appeared to be a fairly reasonable contract offer before the season started seven years, $213.5 million that would have begun in 2023. Judge and the Yankees settled on a $19 million salary for 2022 shortly before they were due to go to arbitration. Judge, of course, was always well within his rights to push toward the free agent market. And as it turns out, he made the right decision.

His 2022 has been a roaring success, one of the most glorious contract year wins in recent memory. While the Yankees season as a whole has cooled off recently, Judge is still barreling toward a monster pay day. At this point, the homer history doesnt matter so much as sustaining his overall excellence and avoiding serious injury. Judge has been the second-best hitter in baseball in 2022, 92% better than the league average hitter by the park-adjusted metric wRC+, second only to Paul Goldschmidt.

When he hits the market this winter, he could now reasonably command something in the neighborhood of $300 million. The main limiting factor is his age. Hell turn 31 in April, which puts a cap on the length most teams would be willing to sign up for.

Beyond the Yankees, his potential suitors could include the San Francisco Giants, Los Angeles Dodgers, New York Mets and Boston Red Sox.

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Aaron Judge home run tracker: Is the Yankees star on pace to eclipse Roger Maris' 61-homer AL and team record? - Yahoo Sports

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Traeger and Weber are facing a ‘deflationary’ grill replenishment rate: Analyst – Yahoo Finance

Posted: at 12:14 am

As consumers shift their spending away from grills, outdoor cooking companies Traeger and Weber are slashing their sales outlooks and initiating inventory control measures.

Weber announced a cost management plan which included a tightening of global inventory levels in its third-quarter earnings release, which mirrored the actions to reduce inventory levels that Traeger shared publicly just days prior.

According to BMO Analyst Simon Siegel, it's the grill replenishment rate how often stores restock items as they're sold that's causing problems for the barbecue behemoths.

"If you have a short replenishment cycle, if you're a box of cereal or gas, you're very inflationary because it doesn't matter how much gas you bought last year, doesn't matter how much cereal you ate last year, you need to eat more," Siegel explained on Yahoo Finance Live (video above). "The longer your replenishment cycle whether you have three-wick candles from Bath Body Works, whether you have sneakers from Nike or Under Armour, whether you have a Peloton bike or a grill or whether you have a home the longer the replenishment, the more deflationary I think it's going to become."

In this July 11, 2019, file photo Weber grills are displayed at the Home Depot store in Londonderry, N.H. (AP Photo/Charles Krupa, File)

During the coronavirus pandemic, demand was pulled forward, and consumers increased their spending on household goods from home electronics and appliances to mowers and grills.

However, the countercyclical retail demand experienced during 2020 and 2021 disrupted the sales pipeline among end consumers and channel partners. As sales for discretionary items like grills started to slow, retailers such as Walmart, Target, Lowe's and Home Depot have become less inclined to renew orders for inventory.

That means grill manufacturers will need to lean into other lines of business to offset sales headwinds. For instance, Traeger has sought to bring in revenue by selling fuel pellets in addition to the grills themselves.

"As long as we're still grilling, it doesn't matter if you don't buy another grill, there is another attachment rate," Siegel said of Traeger's pellet sales. "But to believe that you're going to fight a volume that shouldn't be there in the first place right now I think is dangerous."

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Decelerating sales in the retail channel are expected to carry significant implications for the grill manufacturers throughout the remainder of the year.

Traeger reduced its financial performance outlook, citing "ongoing macroeconomic pressures on consumer sentiment" combined with "an expected reduction in replenishment order activity as retailers seek to reduce channel inventories."

As for Weber, the company decided to suspend its quarterly cash dividend and announced during its earnings call that it would reduce its headcount outside of its manufacturing and distribution operations by 10%.

The major question for Traeger and Weber, in Siegel's view, is how quickly consumers will use up the grills they bought during the pandemic.

"I think that's what we want to understand and then figure out what will the recovery be or the replenishment be?" Siegal stated. "Because then they will come back, and the question is what price you're selling it at when they're ready to buy it again."

Brad Smith is an anchor at Yahoo Finance. Follow him on Twitter @thebradsmith.

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NFL training camp 2022 tracker: Another massive brawl breaks out between Panthers and Patriots – Yahoo Sports

Posted: at 12:14 am

Training camp fights are common, especially during joint practices between two teams. But for the second consecutive day, the Carolina Panthers and New England Patriots engaged in what can be described only as a brawl. It got so bad that multiple players on either side were kicked out of practice.

As described by beat reporters on Twitter, the fight broke out when Patriots defensive end Deatrich Wise tackled Panthers running back Christian McCaffrey hard at or near the boundary line. McCaffrey spiked the ball at Wise, which ignited a massive scuffle between the teams. When all was said and done, Wise was ejected as well as Panthers running back Chuba Hubbard. Panthers safety Kenny Robinson was also kicked out a day after being kicked out for a different fight.

Another fight also broke out during a return drill, though it's unclear if the two fights were connected.

Just another day at NFL training camps.

Christian McCaffrey was involved in one of the biggest fights this training camp. (Photo by John Tlumacki/The Boston Globe via Getty Images)

The Indianapolis Colts will be without tight end Drew Ogletree this season.

Ogletree tore his ACL on Wednesday at practice, according to the NFL Network's Ian Rapoport.

Ogletree went down during a 7-on-7 drill in practice without making contact with anyone, and was eventually carted off the field, according to the Indianapolis Star. An MRI later revealed the tear, ending his season.

The Colts selected Ogletree in the sixth round of the draft in April out of Youngstown State.

Tough guy, Colts coach Frank Reich said, via the Star. When I came up to him, he was already wanting to get himself off the sidelines so the team could play. That kind of stuff, thats the guy we want."

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How the smart money bought oil and gas stocks in Q2 – Yahoo Canada Finance

Posted: at 12:14 am

The second quarter of 2022 was a bright spot for Canadian energy, with solid cash-flow prints driven by oil prices hovering around US$100 per barrel. REUTERS/Todd Korol

Institutional investors loaded up on about $1.4 billion worth of small and mid-cap Canadian oil and gas stocks in the second quarter of 2022, one of the highest levels seen in years, according to new research from Raymond James.

Analyst Jeremy McCrae combed through the financial filings of about 5,800 investment funds that have owned at least one Canadian exploration and production (E&P) stock since 2018. The results show "generalist" funds, those with less than five per cent of assets in Canadian energy, accounted for $1.1 billion, or 70 per cent of all buying, in the three months ended Aug. 15.

"The sector is 'investable' again," McCrae tweeted on Monday. "Q2 was the moment where the 'generalist' investor has finally come back (and in size)."

The second quarter of 2022 was a bright spot for Canadian energy, with solid cash-flow prints driven by oil prices hovering around US$100 per barrel (CL=F). At the same time, many companies promised to return more cash flow to shareholders, and announced progress on debt targets.

According to Raymond James, Spartan Delta (SDE.TO)(+26 per cent), Tourmaline Oil (TOU.TO)(+16 per cent), Baytex Energy (BTE.TO)(+15 per cent), Enerplus (ERF.TO)(+7 per cent) and Birchcliff Energy (BIR.TO)(+5 per cent) were the best-performing names in the quarter.

Of the 5,800 funds analyzed, 77 benefited from holding these stocks since the first quarter of 2022. Obsidian Energy (OBE.TO), Birchcliff, Crescent Point Energy (CPG.TO), and Vermillion Energy (VET.TO) were the most popular new positions for these firms in the second quarter.

Obsidian, Spartan and Surge Energy (SGY.TO) saw the greatest uptick in number of new funds investing in its stock in Q2. Surge, for example, had had 32 new institutions come into its stock last quarter, increasing total institutional fund holders by more than double.

"That said, it was not broad-based [buying] throughout, with many fund types still selling during that same time period," McCrae wrote in the report.

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He notes much of the share price volatility seen in June as oil prices fell from recent highs was caused by high-turnover funds exiting positions.

"We can see much of this selling was actually picked up by low-turnover funds," he wrote. "If commodity prices were to weaken further, the new 'low-turnover' investors in these E&P names have a much longer-term horizon, which should limit further price depreciation."

Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist.

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How the smart money bought oil and gas stocks in Q2 - Yahoo Canada Finance

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The Daily Sweat: Falcons and Jets wrap up the second week of the preseason – Yahoo Sports

Posted: at 12:14 am

The New York Jets have already had a rough training camp and preseason.

They lost right tackle Mekhi Becton to a season-ending knee injury. Then quarterback Zach Wilson went down with a knee injury in the preseason opener, and his status for Week 1 is up in the air.

It makes sense why Jets coach Robert Saleh doesn't really know if he'll play starters on Monday night against the Atlanta Falcons.

Im torn on it, Saleh said, via AP. I wake up one day and say, OK, theyre going to play. I wake up the next day and theyre not going to play.

That's why the Atlanta Falcons are a 2.5-point road favorite against the Jets at BetMGM for Monday night's game.

The Falcons have to make decisions, too. The teams had joint practices this week and the latest trend is to hold starters out of the preseason game after joint practices during the week. Falcons coach Arthur Smith hasn't said if or how much starters will play Monday, but he has said he wants to see more of his starters this preseason and the expectation is they'll play. Marcus Mariota should get some time, then be followed by intriguing rookie Desmond Ridder. But we might not know that until just before kickoff.

The Jets and Falcons aren't expected to be very good this season, and Monday night isn't exactly a great showcase of football. But it is NFL football, and at least there's a point spread on it.

Atlanta Falcons quarterback Marcus Mariota (1) could see some playing time on Monday against the Jets. (AP Photo/Paul Sancya)

Here's a first look at the sports betting slate for Monday:

Two of the marquee teams in the English Premier League meet on Monday afternoon. Man U isn't exactly playing like one of the EPL's top teams, though. Manchester United has dropped its first two matches in embarrassing fashion. Liverpool isn't off to a great start with two draws already, but they had the second-best odds to win the EPL title before the season started and should turn things around soon. Liverpool is a -150 favorite on the three-way line (draw is +320 and a Man U win is +350).

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A few MLB teams have off on Monday but there are nine games on the schedule including one afternoon game. This afternoon the Chicago White Sox face the Kansas City Royals, with the White Sox as a healthy -155 road favorite.

The marquee game is the New York Mets at the New York Yankees. The Yankees' struggles since the all-star break are well known by now, though they did get a nice win against the Toronto Blue Jays on Sunday. It won't get easier for the Yankees on Monday as they face Max Scherzer. The Mets are -165 favorites and it's hard to bet against them.

I do think the Falcons want to use the preseason to get better for the regular season. While I might disagree with the methodology, we could see Atlanta facing a Jets team that seems worried about getting to the regular season without any injuries, and that leads me to a bet on the Falcons at less than a field goal. Meaningful football will be here very soon.

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The Daily Sweat: Falcons and Jets wrap up the second week of the preseason - Yahoo Sports

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