Shane Griffith won an NCAA wrestling national championship this past weekend.

The interesting part?

He wore a plain black singlet, refusing to represent Stanford Athletics.

Here's why...

Time for thread 👇👇👇
1) First, some history...

Despite having a ~$30B endowment, Stanford University announced in July that they were eliminating 11 of their 36 sports teams due to “finances and competitive excellence."

As for the wrestling team?

They've decided to fight.
2) Since the decision was announced last July, the Stanford wrestling team has raised more than $12M.

That's enough money to fund the team for multiple decades, but also enough to start a women's program — fulfilling Title IX requirements.

Still, the university has stood firm.
3) When asked why the wrestling team can't continue after the financial issues have been solved, a Stanford official responded:

"I can't give you the answer you're looking for."

So if it's not money, what is it?

It can't be "competitive excellence.”
4) The Stanford wrestling team has produced several Olympians, multiple National Champions, and even a Rhodes Scholar finalist.

They are coming off a historic season, with multiple All-Americans and a National Champion set to return.

"Competitive excellence" is not an issue.
5) When you put financial issues aside & focus on the student-athletes, eliminating the wrestling program is even more concerning.

Since 2006, almost 50% of Stanford Wrestlers have been first-generation college and/or low-income students.

Stanford's overall average?

Just 17%.
6) The Stanford Wrestling program provides ten scholarships to one of the world's premier educational universities.

Dropping a 100-year-old program that raised $12M and just won a national championship only proves one thing:

It was never about the student-athlete.
7) Winning a national title typically brings pride for college athletes & the universities they represent.

It’s a shame that Shane Griffith, his teammates, coaches, family, friends & Stanford didn’t get to celebrate it properly.

My hope?

They get another chance next year.
8) What can you do to help?

Visit keepstanfordwrestling.com to learn more about their fight, sign the petition, or donate some cash to the cause.

Even better?

RT this thread with #KeepStanfordWrestling to spread the word.

Ps. @Stanford_AD do the right thing :)
9) If you enjoyed this thread, you should follow me @JoePompliano. I tweet threads about the money & business behind sports every day.

Prefer a deeper dive?

Sign up for my free daily newsletter, where I wrote about this story on Monday.

Link: readhuddleup.com

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Rick Hoyt has completed more than 1,000 races, including more than 250 triathlons & 70 marathons.

The interesting part?

He was born with cerebral palsy and confined to a wheelchair.

This is the amazing story of the man that made it all possible.

Time for a thread 👇👇👇
1) Let's start in 1962...

Rick Hoyt was diagnosed with cerebral palsy at birth, with doctors recommending he be placed in a special care facility.

His parents had other plans.

"We cried, but we said no, we're going to bring Rick home & bring him up like any other child.”
2) Over the next decade, Rick's parents, Judy & Dick, spent thousands of hours trying to educate their son.

At 11, now with a basic understanding of the alphabet, Rick received a computer that enabled him to communicate.

Even better?

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Kevin Plank is the founder of Under Armour and worth $2 billion today.

The part you didn't know?

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This is his wild story.

Time for a thread 👇👇👇
1) Let's start in 1996...

Kevin Plank, a University of Maryland football player, became frustrated by his cotton T-shirts' inability to keep him dry & comfortable during practice.

His idea?

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2) After graduating college, Kevin Plank used $15,000 in savings to start Under Armour.

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Read 13 tweets
20 Feb
Fernando Tatis Jr. signed a $340 million deal with the San Diego Padres this week.

The interesting part?

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The details are fascinating.

Time for a thread 👇👇👇
1) First, some history.

Outside of a few players lucky enough to receive large signing bonuses, 99% of minor league baseball players make poverty-level wages.

In 2019, the average minor league player was paid less than $10,000...in a year.

The result?

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2) Michael Schwimer, a former Philadelphia Phillies pitcher who spent three years riding busses in the minor leagues, came up with a solution after retiring in 2016.

His idea?

Income sharing agreements.

Let's run through the details…
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The greatest marketing deal in sports history happened 50 years ago.

This is the story of how two brothers became bitter rivals, built multi-billion-dollar businesses, and why a $120,000 payment will be remembered forever.

Time for a thread 👇👇👇
1) First, some history...

In 1924, German brothers Adolf and Rudolf Dassler started a shoe company from their mom's laundry room, Dassler Brothers Shoe Factory.

As the sole manufacturer of athletic shoes in Germany, the brothers knew they were onto something big.
2) Shortly after launching the company, sales took off with Adolf's invention of the screw-in spikes.

Even better?

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Owens won 4 gold medals & sales exploded.

This is where it gets interesting…
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14 Feb
Floyd Mayweather is one of the wealthiest athletes of all time, earning more than $1 billion during his boxing career.

The interesting part?

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Time for a thread 👇👇👇
1) Let's start in 2006...

Ten years into his professional career, Floyd Mayweather was already the best pound-for-pound boxer in the world — making $5M+ per fight.

The only problem?

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2) Floyd Mayweather was signed to Top Rank Boxing, a promotional company run by Bob Arum.

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The Weeknd spent $7M of his own money and wasn't paid by the NFL for last night's halftime show at the Super Bowl.

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Time for a thread 👇👇👇
1) First, some history.

From Jennifer Lopez and Katy Perry to Justin Timberlake and Lady Gaga, the most famous halftime performers in history haven't been paid to perform at the Super Bowl.

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Here's an example:

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