February 28th a giant date for the NFL.

In one of his first public statements, the newly elected Executive Director of the NFL Players Association (NFLPA) DeMorris Smith gave hope to millions of NFL fans. Smith said that he wanted to get started on negotiations for a new collective bargaining agreement (CBA) as soon as possible. While no one should hold his breath, there is a chance that the NFLPA and the owners can come up with a system that is going to acceptable to everyone involved.

Smith's election as Executive Director of the NFLPA is great news for NFL fans.

The NFL Players Association announced that attorney DeMorris Smith had been elected Executive Director unanimously by the team Player Reps. This is very good news for all NFL fans. It seems that the Reps have selected a moderate in Smith over the extreme positions of the other leading candidates.

The NBA has to “bail out” 15 teams.

The Sports Business Journal (SBJ) reported that a private placement deal to borrow 175 million dollars was arranged for the N.B.A. by JPMorgan Chase and Bank of America. The charged interest rates are reported to be as high at 8.27 percent. The influx of cash will augment the 1.7 billion dollar league-wide credit facility that uses the NBA’s media contracts as collateral to secure loans for the clubs.