Connect with us

Business

NFL overtime rule change has momentum, executive says

Published

on


Buffalo Bills quarterback Josh Allen (17) runs the ball during the AFC Divisional Round playoff game against the Kansas City Chiefs on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri.

William Purnell | Icon Sportswire | Getty Images

NFL owners are prepping for another round of debates about the league’s overtime rules, which came under renewed scrutiny after one of the most exciting playoff games in history. There could be something in the works, too.

“I think there’s a lot of momentum to have a change,” Atlanta Falcons President and Chief Executive Rich McKay said Friday when discussing the overtime rule. 

The NFL will hold its annual meetings in Palm Beach, Florida, this weekend through Wednesday. The gathering brings together owners, team presidents, coaches and league staff in one location to discuss gameplay operations and business. 

NFL Commissioner Roger Goodell will be peppered with inquiries around league media deals. And there could be minor renewals regarding assets that include radio rights and ticketing. NFL team owners will also debate amending Rule 16 – known as the overtime rule.

The rule allows each team to possess the ball in extra play unless the club that receives the opening kickoff scores a touchdown. If the opening drive results in a field goal, the opposing team gets the opportunity to match the score or touchdown to win. And if there’s a turnover, the first team to score wins.

The discussions around overtime come more than two months after the 2021 NFL’s playoffs, which saw six of the final seven games decided by three points or less. 

The Kansas City Chiefs’ 42-36 win against the Buffalo Bills in January 2022 came in overtime. The Chiefs scored the opening touchdown and eliminated the Bills from the postseason following a thrilling comeback. Critics of the overtime rule said the Bills should have had a chance to match the Chiefs’ touchdown, resulting in a new push to change the rule.

Kansas City Chiefs tight end Travis Kelce (87) reaches for the game winning reception over Buffalo Bills outside linebacker Matt Milano (58) during the AFC Divisional Round playoff game on January 23rd, 2022 at Arrowhead Stadium in Kansas City, Missouri.

William Purnell | Icon Sportswire | Getty Images

Inside Rule 16

The NFL last modified the overtime rule at its March 2010 meetings in Orlando, when it changed to the current format for playoff games. During the March 2012 annual meetings, owners approved expanding the format to the regular season.

This year, owners will debate the Indianapolis Colts and Philadelphia Eagles’ proposal that requests possessions for both teams in overtime, regardless of whether a touchdown is scored on the first possession. The clubs cite “competitive equity” as a reason for the change.

The Tennessee Titans also want the rule changed – slightly.

Under the Titans’ proposal, the team that scores a touchdown on the opening drive would also need a two-point conversion to win. 

On a call with reporters on Friday to discuss the proposals, McKay, the chairman of the NFL’s Competition Committee, said “data and analytics” support a change to Rule 16. He noted how there have been 12 postseason overtimes since the current rule was implemented, adding that the coin-toss-winning team has won 10 times. Seven of those victories came on the first drive, including the Chiefs’ win. 

“That’s why there’s a discussion on a rules modification,” said McKay.

To amend the overtime rule, 24 out of 32 owners need to vote in favor of a proposal, a task McKay admitted could be difficult. The rule change proposed by the Colts and Eagles could have an impact on competitiveness. Allowing both teams an automatic possession could prolong games and increase the risk for injuries. 

The current overtime rule already allows both teams a chance for a possession – should the defense stop the offense on the first possession.

Team owners will hear from the coaches sub-committee during debates.  

McKay said a vote to change the rule would be a “pretty big hill to climb the first time.” Yet should the league change Rule 16, McKay hinted the Titans’ proposal would make more sense.

“If you feel like your defense is tired – you’ve scored, they’ve already scored – you have that opportunity to win the game at that point by going for two, which I think the analytics department believes many would,” McKay said.

“That’s the discussion we are going to have when we get to Palm Beach,” McKay added.

(L-R) Dr. Dre and Snoop Dogg perform during the Pepsi Super Bowl LVI Halftime Show at SoFi Stadium on February 13, 2022 in Inglewood, California.

Kevin C. Cox | Getty Images

Other business to settle 

On the NFL’s business front, it’s unlikely team owners will decide on significant media assets currently on the marketplace, including the Sunday Ticket package. On March 16, CNBC reported a decision around the $2.5 billion media package would likely come during the 2022 season.

Also, expect more rumblings around potential investment partners for the NFL’s media arm. The entity operates NFL Network, NFL RedZone, NFL.com and NFL’s international property. It’s unclear what it could net.

Instead, smaller deals that could be completed at the meetings include the NFL’s satellite radio rights with Liberty Media-owned SiriusXM and network radio rights with Cumulus Media’s Westwood One. It’s unclear how much the deals are worth, but for a reference point, Westwood’s 2009 NFL renewal reportedly paid the NFL more than $30 million annually.

The NFL’s deal with Ticketmaster is also on the table, industry sources have told CNBC. The league renewed this agreement in 2017, and it grants Ticketmaster the rights to the league’s ticket resale marketplace. Sports Business Journal also reported a renewal is likely.

Westwood One and Ticketmaster did not immediately return a CNBC request for comment on about its NFL partnerships.

The NFL also wants to finalize agreements before the 2022 season around its Super Bowl Halftime Show rights, which Pepsi licenses. In October 2021, CNBC reported NFL is seeking $25 million to $50 million annually for that asset. The NFL’s wine and champagne rights are on the market.

NFL club presidents will also get more perspective around a new team asset. On Tuesday, the NFL permitted teams to seek blockchain sponsorships with platforms like Coinbase and FTX.



Source link

Business

OPEC+ to consider oil cut of over than 1 million barrels per day

Published

on


OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday.

Omar Marques | SOPA Images | LightRocket | Getty Images

OPEC+ will consider an oil output cut of more than a million barrels per day (bpd) next week, OPEC sources said on Sunday, in what would be the biggest move yet since the Covid-19 pandemic to address oil market weakness.

The meeting will take place on Oct. 5 against the backdrop of falling oil prices and months of severe market volatility which prompted top OPEC+ producer, Saudi Arabia, to say the group could cut production.

OPEC+, which combines OPEC countries and allies such as Russia, has refused to raise output to lower oil prices despite pressure from major consumers, including the United States, to help the global economy.

Prices have nevertheless fallen sharply in the last month due to fears about the global economy and a rally in the U.S. dollar after the Federal Reserves raised rates.

A significant production cut is poised to anger the United States, which has been putting pressure on Saudi Arabia to continue pumping more to help oil prices soften further and reduce revenues for Russia as the West seeks to punish Moscow for sending troops to Ukraine.

The West accuses Russia of invading Ukraine, but the Kremlin calls it a special military operation.

Saudi Arabia has not condemned Moscow’s actions amid difficult relations with the administration of U.S. President Joe Biden.

Last week, a source familiar with the Russian thinking said Moscow would like to see OPEC+ cutting 1 million bpd or one percent of global supply.

That would be the biggest cut since 2020 when OPEC+ reduced output by a record 10 million bpd as demand crashed due to the Covid pandemic. The group spent the next two years unwinding those record cuts.

On Sunday, the sources said the cut could exceed 1 million bpd. One of the sources suggested cuts could also include a voluntary additional reduction of production by Saudi Arabia.

OPEC+ will meet in person in Vienna for the first time since March 2020.

Analysts and OPEC watchers such as UBS and JPMorgan have suggested in recent days a cut of around 1 million bpd was on the cards and could help arrest the price decline.

“$90 oil is non-negotiable for the OPEC+ leadership, hence they will act to safeguard this price floor,” said Stephen Brennock of oil broker PVM.



Source link

Continue Reading

Business

Avoid these 5 activities during a thunderstorm, says meteorologist

Published

on


When it’s raining outside and thunder follows, it’s likely that lightning is pretty close behind and there are some places you shouldn’t be for your own safety — mostly outdoors.

“When thunder roars, go indoors and stay there for 30 minutes after the last clap of thunder,” the National Weather Service advises in its lightning safety rules. The greatest potential harm during a thunderstorm is lightning.

You might think getting struck by lightning is only possible if you’re outside, and that you’re completely safe as long as you’re at home, but that isn’t always the case, according to the Centers for Disease Control and Prevention.

The agency reports that “about one-third of lightning-strike injuries occur indoors.”

And while you may have seen advice against showering during a thunderstorm trending in the news, there are other activities you should avoid doing at home until after a storm passes as well, according to John Homenuk, a meteorologist and founder of New York Metro Weather.

5 activities to avoid at home during a thunderstorm

Homenuk, the National Weather Service and the CDC all recommend avoiding doing these activities at home during a lightning storm:

  1. Taking a shower
  2. Washing dishes
  3. Standing near windows, doors, porches and concrete
  4. Touching electronic equipment connected to an electrical outlet (i.e. computers, laptops, game systems, washers, dryers or stoves)
  5. Using corded phones

Stay away from water

As a starting point, Homenuk warns against being near or in water during a thunderstorm.

Showering, bathing or washing dishes can all pose a risk if lightning is occurring near your home.

“When lightning happens, it generally travels on the path of least resistance, which is often going to take it into metal which can go through the pipes,” he says. “And obviously that would not be great if you were in the shower.”

The CDC states that the risk of lightning traveling through your plumbing is lower for those with plastic pipes as opposed to metal pipes.

However, the agency still advises you to “avoid any contact with plumbing and running water during a lightning storm to reduce your risk of being struck.”

Washing dishes may pose a lower risk than taking a bath or a shower because your whole body isn’t submerged in water or standing directly under a metal showerhead as the pipes are running, says Homenuk.  

“But still, generally if you can, you [should] wait for the storm to pass instead of utilizing the water and the pipes that can be a pathway for that electricity to travel,” he notes.

These are the safest places to be indoors and out

This 25-year-old makes $100K a year as a solar roof installer in Linden, New Jersey



Source link

Continue Reading

Business

The 10 least popular U.S. states to move to in 2022

Published

on


A recently released report, moveBuddha, a relocation tech company, ranked the least popular states to move to in 2022.

The 2022 Mid-Year Migration Report used data collected from January 1 to July 5, 2022, via the company’s moving cost calculator.

moveBuddha compared the inflow to the outflow of people state to state to see which places are gaining new residents and which are losing their current population.

No. 1 least popular state to move to in 2022: New Jersey

In-to-out ratio: 0.50

New Jersey topped the list of least popular states. According to the report, the Garden State is losing the most residents compared to those moving in.

Residents in the East Coast state pay the country’s highest property taxes, which may account for the loss in population.

The two other states that make up the New York metropolitan area — New York and Connecticut — are experiencing similar challenges as New Jersey.

Both made the list of states that people are moving out of more than they’re moving in, at no. 4 and no. 5 on the list respectively.

The 10 least popular states to move to in 2022:



Source link

Continue Reading

Trending