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March Madness Is Becoming a Rich Man's Tournament

The 2025 NCAA Tournament produced only the second all-No.-1-seed Final Four in history, and the 2026 odds board is even more lopsided. NIL and the transfer portal built this top-heavy monster. The value isn't in fighting it, it's in finding the one or two teams the market priced wrong inside it.

By Nina Torres · 4 min read

Sports

NIL Gave Athletes Their Names Back, and Nobody Knows What Comes Next

NIL corrected a century of exploitation and put real money in athletes' hands for the first time. It also unleashed a lawless marketplace that is litigating itself into incoherence and hollowing out the locker room culture that made college sports worth caring about. Both things are true, and pretending otherwise is a failure of nerve.

By Rook Calloway · 4 min read