brooklyn nets

The Yankees Score Big with a $1.5 Billion TV Deal

The New York Yankees are a money-making machine and on Tuesday, the company's television subsidiary cashed in. The YES Network is selling 49 percent of its business in a deal that values the network at $3 billion. And the numbers get even bigger from there.

Why LeBron's Choice Could Cost Jay-Z Over $5 Million

LeBron James' decision to sign with the Miami Heat means the New Jersey Nets' owners will miss out on a huge jump in team value if the basketball star had chosen it instead. And one of the Nets' owners is LeBron pal, Jay-Z. The hip-hop mogul missed out on a potential gain of over $5 million.