SALT LAKE CITY — The University of Utah has announced a plan to help the athletic department generate new revenue streams, in part through a first-of-its-kind partnership with a private equity firm.

The school announced Tuesday the formation of Utah Brands & Entertainment LLC, which will be owned by the university’s foundation. It’s being touted as a way to build the school’s brand and enhance the athletic programs. The new company could generate around $500 million in capital, according to Yahoo Sports.

In a joint message, school president Taylor Randall and athletic director Mark Harlan spelled out the groundwork, saying the university will transfer some of its revenue-generating operations from athletics and auxiliary services to Utah Brands & Entertainment.

Through the new entity, the school will build its brand. That will include overseeing corporate sponsorships, ticketing, event-related revenues and campus-wide university trademarks and licensing.

The new business model has the backing of the university’s board of trustees and the deal could be finalized by early next year. The school added it plans to partner with prominent university supporters along with Otro Capital, a private equity firm with a sports and entertainment background.

The inclusion of private equity is a first in college sports, and it follows seismic changes in the industry, with players able to earn money from their name, image and likeness and receive direct payments from schools.

“Importantly, the university is not selling parts of our athletics department, ceding operational control to a third party or relinquishing control of any facilities,” Randall and Harlan wrote to the Utah community. “Decisions regarding sports, coaches, scheduling, operations, student-athlete care and other athletics matters will remain solely with the athletics department. … The university’s foundation will appoint a majority of the board of directors of Utah Brands & Entertainment, and the board will be chaired by the athletics director.”

The message from Randall and Harlan said that “as the world of college athletics continues to shift, this step positions us to remain competitive, innovative and firmly aligned with our academic mission, while continuing to unite our community through the power of Utah athletics.”

Australia‘s game against the United States at the 2026 FIFA World Cup won’t be the biggest game that the Socceroos have ever played at the global footballing showpiece.

In all honesty, between round-of-16 appearances against eventual champions Italy and Argentina, the drought-breaking win over Japan in 2006, the knockout-stage-securing win over Croatia in that same tournament, or group-stage games against defending champions such as France and Spain, it would struggle to break into the top 10. But when Tony Popovic’s side run out to face the Americans in Seattle on June 19, it might just be one of the most hyped games that the Socceroos have ever played.

Drawn into Group D at next year’s tournament alongside the co-hosts, as well as Paraguay and a European qualifier to be drawn from one of Slovakia, Kosovo, Türkiye, or Romania, Australia now, for the most part, knows what they’ll need to secure back-to-back appearances in the World Cup knockout stages. Supporters, meanwhile, can start to plan their journey alongside the Socceroos throughout the group and possibly beyond, trying to figure out how they’ll source tickets amongst high demand and significant prices, but also grapple with accommodation costs that a quick perusal of booking sites would suggest will run them back more than a grand for just a couple of nights.

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Both cohorts also now know that their journey will begin on the West Coast of North America, with the Socceroos’ opening game against the European qualifier to take place in Vancouver, followed by the Seattle clash against the Americans and then a meeting with Paraguay in Santa Clara. Travel and logistics-wise, this should prove relatively simple for the team and travelling supporters alike, while the timezone also ensures favourable broadcast times for those watching at home. It also means that, for the most part, the sweltering heat of the North American summer will be dodged.

And while the progression of the eight best third-placed sides across a record 12 groups at the expanded 48-team World Cup somewhat reduces the jeopardy compared to previous 32-team tournaments, this also means that Popovic’s side’s knockout destiny likely rests upon their form in the Pacific Northwest.

Which brings us back to the United States. While Mauricio Pochettino’s side was placed in Pot 1 of the World Cup draw by virtue of their status as co-hosts (with Mexico in Group A and Canada in Group B afforded similar privileges), the USMNT’s FIFA ranking of 14 wasn’t too far off earning that right — only bettered in Pot 2 by Croatia, Morocco, and Colombia. In recent months, the side’s form, which had been stuttering and raising a few alarm bells, has taken a turn under their Argentine coach: unbeaten in five with wins over Japan, Uruguay, Paraguay and, back in September, Australia. And highlighted by the likes of Weston McKennie and Christian Pulisic, they field top-line talent playing at some of the best clubs in the world.

When you add the luxury of hosting the tournament, which, Qatar aside, generally correlates with improved performances, the Americans are the favourites to top Group D and should hold hopes of staging a deep run into the competition. Indeed, if they don’t achieve the former, it will have to be considered a letdown on their part. Even if, given how difficult Australia and Paraguay (who conceded just 10 goals across 18 South American qualifiers) have proven to be in competitive games, to say nothing of Türkiye potentially joining, topping the group will perhaps not be as comfortable as some of the more boisterous sections of their professional commentariat, one of whom described Australia as a “lay-up” suggest.

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Should USMNT be happy with their World Cup draw?

The “Futbol Americas” crew react to USMNT’s 2026 FIFA World Cup group draw.

From an Australian perspective, this means that if they can take something from that game in Seattle, a point or even a win, they’ll go a long way towards the knockouts — being able to take points off the strongest team in your group, assuming that they go ahead and do the job against your other rivals, carries obvious benefits.

Further, heavy lies the crown of favoritism and expectation, and with the weight of anticipation on the Americans’ shoulders from an expectant home crowd, it’s very easy to envisage the game being played out in a manner that suits the Socceroos’ strengths and tests their opponents with something they’ve struggled with: the hosts taking the onus of possession as they seek to break down an Australian outfit comfortable in sitting back in a low block, who can then look to pick their moments and break through in transition. This feeling may only heighten if the United States are frustrated by the stout Paraguayans in their opening game.

Their recent fixtures may have exposed the perils of regression to the mean and heightened scrutiny of the side’s urgent need to improve in possession, but if the Socceroos can be clinical — as they did when they vastly outperformed their expected goals (xG) in World Cup qualifying and secured wins over Japan and Saudi Arabia — this approach can prove effective. It wouldn’t be pretty — by any stretch — nor probably fun to watch. But if it gets wins at a World Cup, Popovic, who has already engineered one unfancied run when he took an unheralded Western Sydney Wanderers to a 2014 Asian Champions League crown, wouldn’t mind too much.

Yet the footballing aspects of the game against the United States are only part of the picture of why it will likely be so big. For one, this will be the first time that Australia has played a host nation since 1974, when a team largely comprised of semiprofessionals captained by the legendary Johnny Warren were grouped with West Germany. This means that the spotlight will be well and truly on Lumen Field when kick-off arrives, and that the stands and build-up will be just that bit more circus-like than otherwise.

While there were inevitably plenty of hot takes about the quality of Australian sides that took on Germany, Brazil, and Spain before they played in previous tournaments, these weren’t written in English and easily consumed Down Under. Nor were they as readily available as they will be in 2026, where the ability to spew outrage and polarisation is not only available to anyone with an internet connection but boosted by algorithms and monetisation programs that ensure that even the most Johnny No-Mates or Becky Bad-Opinions amongst us, Aussie or American, can be seen by tens of thousands if they hit the timeline just right.

Combine this with more of the “lay-up”-esque analysis likely to ramp up as kick-off approaches and the hyper-online and prickly habits of Aussie footballing fans (observe their reaction to the late Grant Wahl’s suggestion that the Socceroos’ might not have been very good in 2018), Australian sporting fans (just look at Oscar Piastri’s online following), and there’s going to be a lot of kindling for the fire. Common sense? Goodwill? Touching grass? The actual human interaction being fun and friendly? Not on my internet!

On- and off-the-field, then, the Socceroos being drawn against the United States promises to be big, potentially defining both of their World Cup campaigns. Toxic, too. But big. And fun.

The Los Angeles Dodgers got the best closer on the free agent market Tuesday, reaching a three-year, $69 million deal with former New York Mets reliever Edwin Diaz, sources told ESPN’s Jeff Passan and Jorge Castillo on Tuesday.

The deal by the Dodgers, who were targeting bullpen help this winter, set an average annual value record for a relief pitcher.

Diaz, a three-time All-Star, logged a 1.63 ERA and converted 28 of 31 save chances for the Mets last season. With an elite combination of a high-velocity fastball and vicious slider, Diaz, 31, has posted high strikeout rates throughout his career. In 2025, Diaz struck out 98 in 66⅓ innings while walking just 14 batters.

The Dodgers went into the offseason with a clear need in the back end of the bullpen after their relievers combined for a 4.27 ERA and blew 27 saves, tied for the seventh most in the majors. The state of their bullpen was so bad heading into October that the Dodgers used their starting-pitching depth to supplement it, transitioning Roki Sasaki to closer while using the likes of Emmet Sheehan, Justin Wrobleski and, at times, Tyler Glasnow in relief roles.

Diaz now solidifies the ninth inning, with Tanner Scott, who the Dodgers hope will bounce back from a disastrous first season in L.A., lined up as his setup man. The likes of Alex Vesia, Blake Treinen, Anthony Banda and Brusdar Graterol, the latter of whom is coming back from shoulder surgery, headline what the organization believes to be a deep crop of relievers.

“Getting a high-leverage reliever is never a bad thing,” manager Dave Roberts told reporters Monday at the MLB winter meetings in Orlando, Florida.

Now that their biggest need has been addressed, the Dodgers are expected to target an outfielder, likely via trade.

Diaz opted out of the two-year, $38 million guarantee that remained on the five-year deal he signed to remain with the Mets in 2022. The contract was considered a rare five-year commitment to a relief pitcher, but it ended after three seasons once he decided to test the open market.

Diaz was tendered a $22.025 million qualifying offer by the Mets, which he declined by the Nov. 18 deadline. Because he signed with a new team, New York will receive a compensatory draft pick after the fourth round.

The Mets on Dec. 1 signed Devin Williams to a three-year, $51 million deal as an insurance policy should Diaz go elsewhere.

Diaz’s time with the Mets was marked by wild year-to-year swings. He posted an ERA under 2.00 three times but in other years was at 3.45 or worse, blowing six saves or more in each of those three campaigns.

Diaz missed the 2023 season altogether after suffering a serious knee injury while celebrating a save in that year’s World Baseball Classic. The Mets acquired him in 2018 as part of a seven-player trade with the Seattle Mariners.

His 253 career saves since entering the majors in 2016 are tied with Raisel Iglesias for second — behind Kenley Jansen (334) during that span, according to ESPN Research.

ESPN’s Bradford Doolittle and Alden Gonzalez contributed to this report.