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  • 10 Terrible Sports Contracts Thursday, 28 Jul 2011 | 12:24 PM ET
    When people hear the term "terrible sports contract," two assumptions are often made. First, the agreement in question must have been orchestrated by a greedy team owner, with terms deliberately designed to bilk the athlete. And second, the athlete must have been a young rube who signed the contract without consulting a lawyer first. While these scenarios have surely played out many times in the past, they're not the only ones possible.Sometimes, a terrible contract is actually terrible for the

    What are some of the sports contracts that had terrible consequences for the teams that wrote them? Click and find out.

  • New York Times Sells Half Its Stake in Boston Red Sox Tuesday, 26 Jul 2011 | 12:25 PM ET
    The New York Times building.

    New York TImes sold more than half its 17 percent stake in the company that owns the Boston Red Sox, according to a filing with the Securities and Exchange Commission Friday.

  • Getting Ready To Sing The National Anthem At Rays Game Friday, 22 Jul 2011 | 11:11 AM ET
    american_flag_200.jpg

    A couple months ago I let it be known on my Twitter feed: I wanted to sing the National Anthem in a Major League stadium. The offers came in. The Dodgers, the White Sox, the Pirates, the Tigers and the Tampa Bay Rays. But it was the Rays who ultimately gave me the best offer.

  • Perjury Case Against Roger Clemens Ends in Mistrial Thursday, 14 Jul 2011 | 12:33 PM ET
    Baseball pitching star Roger Clemens arrives at the U.S. District Court, on August 30, 2010 in Washington, DC.

    The judge declared a mistrial in baseball star Roger Clemens' perjury trial over inadmissible evidence shown to jurors.

  • 10 Active Athletes Over 40 Tuesday, 12 Jul 2011 | 4:20 PM ET
    There’s a well-known saying that age is just a number. Unfortunately , this axiom doesn’t always apply when it comes to professional sports. While it’s true that athletic careers are getting longer thanks to advances in medicine and science, it’s also true human bodies just don’t bounce back from aches, pains and stress fractures like they used to when  people  were young. Even the mighty Shaquille O’Neal had to concede in  that, at the age of 39, "Father Time has caught up with Shaquille O'Neal

    Age is just a number. Unfortunately, this axiom doesn’t always apply when it comes to professional sports. Who are the 10 most notable athletes still active after the age of 40?

  • Sitdown with Tiger's Agent Mark Steinberg Monday, 11 Jul 2011 | 6:32 PM ET

    Earlier today (Monday), Tiger's agent Mark Steinberg, former head of IMG Golf, announced that he would be joining Excel Sports Management. Here's our conversation.

  • Tiger Woods with Manager Mark Steinberg

    The biggest free agent in the sports agency world told CNBC he was joining New York-based Excel Sports Management as a partner.

  • Derek Jeter

    Brandon Steiner has made a career out of selling autographs and memorabilia and his company's deal with the New York Yankees undoubtedly has him salivating over the business Derek Jeter's 3,000th hit will bring him.

  • Roger Clemens being sworn in before testifying before US House Oversight and Government Reform Committee hearing on Capitol Hill on February 13, 2008.

    Roger Clemens' tenacious pursuit of victory on the pitcher's mound re-emerges this week as he goes on trial on charges he lied when he denied using drugs and confronts his chief accuser, the former friend who says he injected Clemens with steroids and human growth hormone.

  • Exclusive: Nike Re-Signs Michael Vick (Updated) Friday, 1 Jul 2011 | 4:01 PM ET
    vick_michael_eagles_2_200.jpg

    Michael Vick got to write his comeback story on the field, now he has seen his image come full circle off of it. In a remarkable move, CNBC has learned that Nike, which severed Vick’s contract in 2007 after he admitted to his involvement in a dogfighting ring, has re-signed the Philadelphia Eagles quarterback. (Updated)

  • Comeback Athletes Thursday, 30 Jun 2011 | 4:41 PM ET
    On June 29, 2011, news broke that Tiger Woods had secured an endorsement deal with Kowa Company Ltd., the Japanese manufacturer of Valentin Kowa pain relieving heat rub. It’s his first deal since the very embarrassing sex scandal that broke in December 2009 and cost him his marriage, his squeaky-clean image and four of his sponsors. When news of his personal troubles spilled into the public eye, Accenture, AT&T and Gatorade terminated their sponsorship deals with him, and Gillette allowed their

    Click ahead to see the athletes who defied logic and came back to their respective sports after conventional wisdom pronounced their careers dead and buried.

  • Sibling Athletes Wednesday, 29 Jun 2011 | 4:28 PM ET
    Every day, amateur athletes rise at dawn, endure their coaches’ abuse and train diligently in their chosen sport, all in the hope that someday they might hit the big time and turn pro. Sadly, most of these hopefuls get turned away, often for the simple reason that the supply of athletes outweighs the demand. Despite the long odds, some famous athletes not only hit the big time, but even have a sibling who’s done the same.Click ahead to see sibling athletes who have beaten the odds and made it in

    Despite long odds, some famous athletes hit the big time and even have a sibling who’s done the same. Click to see sibling athletes who have made it into the big leagues.

  • Dodgers Bankruptcy Filing Approved by Judge Tuesday, 28 Jun 2011 | 6:24 PM ET
    LA Dodgers

    A Delaware judge on Tuesday authorized the Los Angeles Dodgers to enter into a $150 million bankruptcy financing arrangement after the club satisfied certain concerns raised by Major League Baseball, which had filed an objection offering its own financing proposal and blasting owner Frank McCourt's stewardship of the team.

  • Yankee_softball_game_200.jpg

    Maria was at Yankee Stadium, going to bat for charity for the inaugural "Bombers Boomer Broadway Softball Classic" on Monday. She was honored to participate.

  • Sports Banker Says Dodgers Will Never Be Cheap Monday, 27 Jun 2011 | 2:38 PM ET
    Dodger Stadium

    Early this morning, Los Angeles Dodgers owner Frank McCourt filed for Chapter 11 bankruptcy in what was his last attempt to keep the team under his ownership. Sal Galatioto, president of sports investment bank Galatioto Sports Partners, stopped by on CNBC's The Strategy Session today to discuss the recent development.

  • Lenny Dykstra's Mouthpiece From Jail Monday, 27 Jun 2011 | 12:40 PM ET
    Lenny Dykstra

    I blogged Friday that Dykstra has started tweeting, a difficult task considering the only mode of communication in lockup is a pay phone. Who was actually running his Twitter account? This weekend, I heard from that person—Daniel Herman, who says he is Dykstra's business manager.

  • Dodgers Striking Out   Monday, 27 Jun 2011 | 12:08 PM ET
    Dodgers Striking Out

    Sal Galatioto, Galatioto Sports Partners, offers a look at what happens when a professional sports franchise files for bankruptcy.

  • Dodgers File For Bankruptcy: Here's Who's Owed What Monday, 27 Jun 2011 | 9:48 AM ET
    LA Dodgers

    The Los Angeles Dodgers filed for bankruptcy this morning and have promised that all players will get paid. That being said, the players are of course the largest creditors in the filing.

  • LA Dodgers File Bankruptcy Protection in Delaware Monday, 27 Jun 2011 | 9:30 AM ET
    Dodger Stadium

    The Los Angeles Dodgers have filed for bankruptcy protection in a Delaware court.

  • Save Lenny Dykstra? Thursday, 23 Jun 2011 | 3:17 PM ET
    Lenny Dykstra

    Lenny Dykstra sits in a Los Angeles County jail, unable to make $500,000 bail as he faces state charges including grand theft auto and drug possession. He's also facing federal charges of bankruptcy fraud.