How will we remember 2025 in sports? Maybe as the year that the Philadelphia Eagles ended the Kansas City Chiefs’ dynasty, or that the Los Angeles Dodgers cemented one of their own. Maybe it will be Cal Raleigh’s 60 home runs that stick with us, or the trade of Luka Doncic, or Coco Gauff’s championship run. Maybe it will be Rory McIlroy completing his career Grand Slam—at last—with a masterful run at Augusta National.

But while the action in the boardroom may not quicken pulses quite like what is happening on the field, 2025 featured plenty of financial highlights as well. This year saw a sports talent agency surpass $20 billion in active contracts under management and a team valued at $13 billion for the first time, with 25 women’s franchises cracking nine figures—and

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