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Shopify (SHOP) share value jumped by over 20% Thursday morning after stunning analysts with a sharp earnings beat and rosy guidance. The stock reached the top of the StockCharts Technical Rank report in the Large Cap, Top Up category.

CHART 1: SHOPIFY STOCK SAW THE LARGEST SCTR RISE ON NOVEMBER 3, 2023. Chart source: StockCharts.com. For educational purposes.

Despite a 35% fall from its 2023 high of $71.43, its comeback suggests that the e-commerce industry is still kicking.

Can SHOP sustain this upward momentum? Where might an effective entry point be, and what headwinds lie above the current price? Let’s take a closer look, starting with the monthly chart.

CHART 2. MONTHLY CHART OF SHOP. As the stock attempts to reverse, note how the dwindling volume coincides with a drying-up of selling activity. Chart source: StockCharts.com. For educational purposes.

Looking back on a monthly scale, you can see SHOP’s plunge. The end of 2022 saw SHOP’s bearish capitulation leading to a rally and a near-term drop. While volume receded significantly since the middle of 2022, so too did the selling pressure, as shown by the Chaikin Money Flow (CMF).

On the weekly chart below, you can see that SHOP formed a Head and Shoulders Bottom pattern from the middle to the end of last year.

CHART 3. WEEKLY CHART OF SHOP. The head & shoulders bottom pattern that formed toward the end of last year painted a bullish picture of SHOP’s recovery. Chart source: StockCharts.com. For educational purposes.

Many traders use the head & shoulders pattern daily to make tactical decisions. On a weekly scale, the pattern indicates longer-term trend shifts, often reflecting broader fundamental factors. And in this case, the indication is bullish.  Note that SHOP prices have been hovering resiliently over the neckline level of $45 since January 2023.

CHART 4. DAILY CHART OF SHOP. Planning your trade around support and resistance is critical. Plus, be aware that breakaway gaps often don’t get filled. Chart source: StockCharts.com. For educational purposes.

SHOP’s surge came in the form of a breakaway gap—in this case, a gap up from a near-term downtrend. Breakaway gaps have a low fill rate. And while this would tempt some traders to go long now, it helps to see the bigger context. The relative strength index (RSI) is rising, and though it’s approaching the 70 level, it might also just reflect the magnitude of today’s post-earnings jump. 

Eventually, SHOP may come across historical resistance levels at $67 and $71.50. Until then, there’s strong support at $50.50 and, below that, $45.50.

The Bottom Line

If you were bullish on SHOP leading up to Thursday’s earnings, you might have entered a position immediately upon market open. Again, breakaway gaps don’t often get filled, especially in the week of the gap, but there’s never any guarantee. 

Keep your eye on Shopify stock as investors assess whether there’s enough fundamental fuel to justify the technical break. Whether you’re already long the stock or planning to enter a position soon, set an alert at support and/or resistance depending on your strategy. 

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Sam Bankman-Fried, once hailed as a genius in cryptocurrency, was found guilty Thursday of all fraud counts against him, a year after his exchange, FTX, imploded and practically wiped out thousands of customers.

The verdict was reached around 7:40 p.m. ET, about four hours after the federal jury in Manhattan began deliberations.

Bankman-Fried, a co-founder of the digital currency exchange FTX, was charged with seven counts of wire fraud, securities fraud and money laundering that swindled customers of FTX and lenders to its affiliated hedge fund, Alameda Research.

Bankman-Fried “perpetrated one of the biggest financial frauds in American history,” Damian Williams, the U.S. attorney for the Southern District of New York, said after the verdict.

“The cryptocurrency industry might be new; the players like Bankman-Fried might be new,” Williams said. “But this kind of fraud, this kind of corruption, is as old as time.”

Bankman-Fried faces up to 110 years in prison. His sentencing is scheduled for March 28.

FTX and Alameda quickly collapsed in November 2022 after some of their financial liabilities were exposed. The fact that Alameda had taken billions of dollars from FTX’s customers and that much of Alameda’s balance sheet comprised digital currency assets it had created, was central to the case against Bankman-Fried.

Unnerved by disclosures about the firm’s financial position, many of FTX’s customers tried to get their money back. That set off the equivalent of a bank run.

The value of Alameda’s investments crashed, and FTX couldn’t return much of that money because it had been given to Alameda. Some went to the fund’s lenders, and billions were spent on sponsorships, commercials and loans to top executives. That, too, was a major part of the case against Bankman-Fried.

Many of FTX and Alameda’s leaders were also charged after the firms went under. Former Alameda CEO Caroline Ellison, FTX co-founder Gary Wang and FTX head of engineering Nishad Singh all pleaded guilty. They agreed to cooperate with the prosecution and testify against Bankman-Fried in exchange for lighter sentences.

While Bankman-Fried testified in his own defense, it didn’t appear to have the same weight as the insider testimony against him. The prosecution, in its closing argument, said Bankman-Fried had answered “I can’t recall” 140 times while he was being cross-examined.

Bankman-Fried’s lawyers contended that he did not intend to defraud anyone and that the government was looking for someone to blame after the failures of FTX and Alameda.

Bankman-Fried was asked to rise and face the jury as the verdicts were read Thursday, and he did so. He showed little emotion as each verdict was read.

His father slumped in his seat, hunched over as each guilty verdict came in. His mother was visibly emotional.

Mark S. Cohen, Bankman-Fried’s counsel, said in an emailed statement Thursday that Bankman-Fried’s legal team respects the jury’s decision but that they are disappointed.

“Mr. Bankman Fried maintains his innocence and will continue to vigorously fight the charges against him,” he said.

Forbes had once estimated that Bankman-Fried’s stakes in Alameda and FTX were worth $26 billion. He was 29 at the time. But after the bankruptcies, that was gone. Criminal charges followed weeks later.

He also faces another trial on charges of bribing foreign officials and other counts. That trial is scheduled to begin in March, and he has pleaded not guilty to all charges.

On Thursday, Bankman-Fried was found guilty of two counts of wire fraud conspiracy, two counts of wire fraud, one count of conspiracy to commit money laundering, one count of conspiracy to commit commodities fraud and one count of conspiracy to commit securities fraud.

Williams, the prosecutor, said Bankman-Fried’s conviction should send a message to others.

“It’s a warning, this case, to every single fraudster out there who thinks that they’re untouchable or that their crimes are too complex for us to catch or that they’re too powerful for us to prosecute or that they could try to talk their way out of it when they get caught,” he said. “Those folks should think again.”

This post appeared first on NBC NEWS

Phoenix Raceway will see a bevy of action this championship weekend with three NASCAR Series events. The Cup Series wraps up the action on Sunday after races for the Craftsman Truck Series on Friday and Xfinity Series on Saturday.

The Cup Series playoffs concluded the Round of 8 last week with Ryan Blaney winning in Martinsville to secure his spot in the championship four.

Christopher Bell’s win in Homestead secured his spot in the championship four. Cup Series 2021 champion Kyle Larson secured his spot first with a win in Las Vegas.

William Byron rounds out the championship four thanks to his stage and bonus points as well as top results in the playoffs.

Here’s how the odds look for race winner and championship winner with odds from BetMGM:

NASCAR Cup Series Championship Race odds

Kyle Larson (+175)Ryan Blaney (+275)William Byron (+325)Christopher Bell (+450)Kevin Harvick (+1200)Tyler Reddick (+2000)Denny Hamlin (+2000)Joey Logano (+2000)Martin Truex Jr. (+3000)Brad Keselowski (+4000)Chase Briscoe (+4000)Ross Chastain (+4000)Kyle Busch (+5000)Chase Elliott (+5000)Ty Gibbs (+5000)Chris Buescher (+6000)Bubba Wallace (+8000)Aric Almirola (+10000)Alex Bowman (+20000)Daniel Suarez (+20000)Ryan Preece (+25000)Erik Jones (+25000)Carson Hocevar (+35000)Austin Dillon (+50000)A.J. Allmendinger (+50000)Ricky Stenhouse Jr. (+50000)Austin Cindric (+50000)Michael McDowell (+50000)Harrison Burton (+50000)Todd Gilliland (+100000)Justin Haley (+100000)Corey Lajoie (+100000)Ty Dillon (+200000)B.J. McLeod (+200000)Ryan Newman (+200000)J.J. Yeley (+200000)

NASCAR Cup Series odds for champion

Kyle Larson (+175)Ryan Blaney (+225)William Byron (+275)Christopher Bell (+375)

NASCAR Cup Series championship race predictions

Covers: Blaney or Bell over Larson and Byron

Eric Smith writes Phoenix is one of Blaney’s best tracks and Bell’s shown he can turn around an average track record, like he did last week in Homestead. Larson’s track record isn’t much better with one win in 18 career Cup races there. As far as Byron goes, he won the first Cup race there this spring and it’s been a decade since someone swept both Phoenix races in one season.

NBC Sports: Larson wins race, second championship

Nate Ryan says it’s between Larson and Blaney, with the 2021 champion Larson having the edge. ‘There are a lot of elements here that are kind of synthesizing for Kyle Larson to emerge as the champion,’ he says.

Fox Sports: Larson wins second title in the desert

Bob Pockrass writes ‘give the edge to Larson. In seven of the nine playoff races, Larson has finished in at least the top three in 10 of the 18 stages. He is consistently fast. His pit crew is solid. He’s the one to beat.’

Insiders Betting Digest: William Byron wins first title

Staff write ‘Byron has seven top-ten playoff finishes and hasn’t finished lower than 15th since Michigan.’ Even though Larson is the favorite, Byron’s prior win makes him the pick.

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The bucks stop with Mark Davis.

Or in another sense, the futility of the Las Vegas Raiders has done nothing to stop the money from flowing for the enigmatic team owner who once again has put himself – pockets stashed with cash from the franchise’s move from Oakland to Sin City – in position to hire a new coach and general manager while trying to turn around a once-proud, signature NFL franchise.

Here we go again. Davis stunned the NFL universe on Tuesday night by dumping coach Josh McDaniels and general manager Dave Ziegler, merely a year-and-a-half into their uninspiring tenures.

Sure, this was coming eventually. Davis fell for the banana-in-the-tailpipe when he hired the duo and expected they would produce the best of ‘The Patriot Way’ in getting out from under Bill Belichick’s wings. And now, after McDaniels was thrown overboard with a 9-16 record, Davis has absorbed another costly lesson.

Don’t these NFL shot-callers ever learn? ‘The Patriot Way’ doesn’t work outside of Foxborough, and the formula is short-circuited without a Hall of Fame-credentialed quarterback. Ask the Detroit Lions’ faithful, who experienced the Matt Patricia/Bob Quinn era.

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Davis whiffed by not keeping interim coach Rich Bisaccia following the 2021 campaign. After Jon Gruden resigned when heinous, 10-year-old emails were leaked amid the Dan Snyder scandal, Bisaccia led the Raiders to the playoffs. Players openly stumped for Davis to keep the former special-teams coach, who deserved a shot. And two people with knowledge of the process, who did not want to be identified, told USA TODAY Sports that close associates of Davis also advised him to stick with Bisaccia. The two requested anonymity due to the sensitive nature of the situation.

It’s unclear where Davis got the urge to hire McDaniels. Typically, NFL owners have many voices in their ears, internal and external, when positioned to make such monumental hires. And it’s not uncommon for owners to sometimes operate like rabid fans, influenced by ‘hot’ names, or to be swayed by people within the NFL universe who supposedly have ‘inside insight’ on the worth of candidates.

Now, it’s fair to wonder whether whomever recommended McDaniels to Davis will be held accountable. As it stands now, the results fuel another case study for the history of bad hires by NFL owners. The odds for success might have been better at the casinos on The Strip. 

Moves that have haunted the Raiders

Hold your breath – and your noses – Raider Nation, for a one-stop reality check:

Can Davis be trusted to make the right moves?

As one noted football philosopher was fond of saying, ‘You are what your record says you are.’

Since he inherited the ownership reins in 2011 from his late father, Al, the Raiders are 82-120, with just two winning seasons. It’s notable, too, that former GM Reggie McKenzie, who ushered the franchise out of salary-cap jail and stocked the talent for the team that went 12-4 in 2016, was dumped after Gruden’s arrival. McKenzie, a football personnel lifer, was replaced by Mike Mayock, who made his mark as a wonderful draft analyst for the NFL Network but had never worked for an NFL team.

These are the types of moves that have haunted the Raiders.

McDaniels and Ziegler blew it on one big decision after another. They sent quarterback Derek Carr and tight end Darren Waller packing. They gave up first- and second-round picks to land receiver Davante Adams from the Packers, the price tag including a five-year, $140 million contract. Chandler Jones, since-released, came on a three-year, $51 million deal.

Carr may not be an elite player and had a hefty contract number, but without a suitable replacement, they were better off keeping him instead of rolling with Jimmy Garoppolo, who just got benched for rookie Aidan O’Connell and is guaranteed $45 million from his three-year, $72.8 million deal. And given Jimmy G.’s injury history, it was an ominous sign when he couldn’t pass his physical for months while rehabbing from foot surgery.

And this year’s top pick? Defensive end Tyree Wilson, drafted seventh overall, has managed just one sack while symbolizing the struggles with the draft.

Davis’ record has been established by the actions of those he put in charge of the operation.

The Raiders, meanwhile, haven’t won a playoff game in 21 years.

With the latest shake-up, which included ousting offensive coordinator Mick Lombardi, Davis will swallow tens of millions of dollars. He set himself up for this. Not only did Davis hire McDaniels – who flopped in his previous stint as Denver Broncos coach and shocked the Indianapolis Colts in 2018 by accepting, then backing out of a deal to become coach – he signed McDaniels to a six-year contract.

That was a stunning leap of faith. And now it’s backfired.

It will likely cost Davis at least $50 million for the McDaniels gaffe, when including the contracts for Ziegler and others who must be paid off. According to Sportico, McDaniels was earning $10 million per year – which ranked in the top 10 for NFL coaches. Ouch.

Of course, the blow for Davis is lessened by the Monopoly Money that comes with owning an NFL franchise. The track record in hiring coaches is, well, much worse for Davis than the Silver-and-Black lining of the financial bottom line.

In moving to Las Vegas in 2020, and with a sweetheart deal for immaculate Allegiant Stadium, the Raiders’ value has more than doubled from what it was worth in the final years in Oakland.

According to the most-recent valuations by Forbes, the Raiders have the NFL’s sixth-most valuable franchise at $6.2 billion. In 2019, the team’s final year in Oakland, it was valued by Forbes at $2.9 billion. And in 2018, the Raiders generated the lowest revenues in the year, according to Forbes, at $335 million.

Even if Davis is chagrined after investing so heavily in his former coach, he can afford to absorb the losses from the McDaniels era. It’s another type of NFL reality check: Win, lose or draw, NFL teams make their money.

Yet the cost of restoring a reputation after another failed hire is a whole other matter.

This post appeared first on USA TODAY

Former Ohio State football coach Urban Meyer has been silent on the Michigan sign-stealing allegations – until now.

Meyer, who left Ohio State after the 2018 season with a 7-0 record vs. Michigan, said he’s skeptical of the reporting implicating the Wolverines and staff member Connor Stalions in an illegal scouting and sign-stealing scheme.

One reason? He’s skeptical of reporters in general.

What Urban Meyer said about Michigan sign-stealing scandal

‘This is really the first time, because it’s you and a guy I respect – so I’m very cautious,’ Meyer said this week on his podcast, ‘Urban’s Take with Tim May.’

‘I’ve been asked over 100 times to comment on it and I just won’t. But I am going to, I’ll tell you my thoughts: First of all I’m very skeptical of reporters’ reporting. My experience is they’re wrong most of the time. And that’s not a shot at the media, that’s reality. People say things that they’re reporting that’s just not true. So I’m going to give the benefit of the doubt saying, first of all it’s hard for me to believe that is true.’

But Meyer, who went 4-0 against Michigan’s Jim Harbaugh, also pushed back on the idea that every program does things like what Michigan has been accused of, and said the allegations, if true, are ‘egregious.’

‘I also heard people say that ‘Well, everyone does that.’ And Tim, no one does that,’ Meyer continued. ‘I’ve never heard of that in 40 years of being around the game. There’s a very clear … and that rule, some will say it’s not that important. Once again, everybody is entitled to their opinion. If they know your signals, it is that important. You’re changing the game. That’s very egregious if that’s what happened. I’m not saying it did, because I’m still skeptical it did.’

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On Sunday, March 3, 2002, I was sitting by myself at a Chili’s restaurant in the Dallas Love Field airport when Bob Knight decided to invite himself into my booth to join me for a meal.

I didn’t plan this. He had spotted me as he strolled by, walked in and sat across from me as I got ready to eat.

This was near the end of Knight’s first season as basketball coach at Texas Tech after a legendary run at Indiana. His team had just beaten Baylor the day before in Waco. And I was the young beat reporter who covered him and his team every day for the Lubbock Avalanche-Journal, the daily newspaper where Tech is based.

We had an interesting conversation that day but avoided basketball talk and discussed restaurants in Lubbock instead.

“It’s hard to (screw) up barbecue,” Knight told me – meaning all barbecue there was pretty good barbecue.

We both then flew back to Lubbock, where we would continue a working relationship best described as mercurial on one side (his) and never taking certain behaviors personally on the other (mine). 

All of this came flooding back to me Wednesday when I learned Knight had died at age 83.

The news made me sad. It also made me grateful for the two years I got to work with him through April 2003 – a high-profile traveling tour with a rock star-like coach that made me a much better journalist for the experience.

There often was drama

Sometimes, this Hall of Fame coach could be funny and easygoing, like he was that day at Chili’s. Other times, he could be like this:

∎ He excommunicated me from his team twice for the most insignificant perceived slights. This meant he wouldn’t let his players talk to me and wouldn’t answer my questions at news conferences, which made it harder for me to do my job writing stories about his team for local readers.

∎ He called me an idiot on national TV after I asked him about a team vote to not let his star player play in a game at Texas. “None of your (expletive) business,” he snapped at me on Feb. 17, 2003.

∎ He screamed at me once in an empty room as I tried to finish my game story on deadline for the next day’s paper. I don’t even remember what triggered it, just that he badly mispronounced my last name and got so loud that some people in the next room heard it and waited for him to leave before they dared to come in and ask me what happened.

It wasn’t always fun.

But you know what?

I admired him and still cherish my time covering him for two reasons, not including the fact that I consider him the best basketball coach of all time.

One reason was his passion. We all should hope to care about our work as much as he did about his. Passion fuels effort, and effort really mattered to Knight, especially when coaching those great man-to-man defenses of his. When I wasn’t in his doghouse, he allowed me to watch him conduct daily practices, where his love for his craft shone through as one of the game’s most brilliant teachers.

The other big reason was his effect on me. He improved me professionally, even if it wasn’t his intent and it seemed like he was trying to sabotage me instead.

That’s because when he froze me out from his team, I realized I still had a job to do. My editors were not going to let Knight decide who could or couldn’t cover his team for their newspaper just because he didn’t like something I reported. They had my back. So I got more resourceful and became a better reporter. If Knight and his players wouldn’t talk to me, I would find other ways to cover Tech basketball for our readers. That meant reaching out to a wider web of sources – players’ parents, opponents and anybody who knew Knight.

One time, Knight froze me out for the smallest reason

It was Dec. 30, 2001, and he didn’t like that I had included a certain line at the bottom of a short article that related to his tenure at Indiana. The line simply noted he had been fired at Indiana before getting hired at Tech.

But I certainly wasn’t trying to embarrass him. I was just including that line for readers who might not know all the backstory.

It didn’t matter to him. He took it personally. His media handler called that morning and told me, “Coach doesn’t want you around anymore.”

“What do you mean? Why?”

‘You don’t need to keep bringing that up about Indiana,” the media handler said.

The missing chair

Later that day, I showed up at Tech’s game against Minnesota and asked Knight a question in the postgame press conference.

He ignored it, looked around and asked, “Anybody else have a question?”

Around this same time, I also noticed my chair was missing from my assigned space next to the court for games. This led to jokes from colleagues that Knight must have thrown it across the floor in a rage, just like he famously did as Indiana’s coach in 1985.

The truth is, I don’t know what happened to it. I found another chair, covered the game and kept working my job as the team’s beat writer during a freezeout that lasted maybe a few weeks. He had to notice the effort I was making, and he eventually let me back in, even joining me at Chili’s that day a couple of months later.  

To this day, I never understood why he held the biggest grudges over the smallest things, not just with me, but with many others over his storied career.

What I do know is I could try to overcome those grudges with sheer effort. And that he admired that. And that I am better because of it 20 years later.

Godspeed, Coach. And thank you. I wish I had gotten the chance to tell you that over a plate of barbecue in Texas.

Follow reporter Brent Schrotenboer @Schrotenboer. Email: bschrotenb@usatoday.com

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Offseason? Surely you jest.

The Anheuser-Busch products spilled during the Texas Rangers’ World Series celebration might still be festering in the Chase Field visitors clubhouse by the time the industry converges again on the Phoenix area for Major League Baseball’s general managers’ meetings, which begin Nov. 7.

Yep, next season begins now.

With that, USA TODAY Sports takes a stab at stacking up the way-too-early contenders for the 2024 World Series – or at least, those who might stack 100 wins only to see it all go down in a punishing sequence of October events.

How we see it:

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The cream

Atlanta Braves: They proved that health and playing well going into the postseason sometimes matters. Yet 104 wins can’t be erased by their playoff Kryptonite: Citizens Bank Park in Philadelphia. Ronald Acuña Jr. will still be just 26 years old when he begins defense of a near-certain NL MVP award.

Texas Rangers: Run it back? Don’t doubt ’em.

It will be interesting to see what Max Scherzer can offer them in a full season during which he turns 40. Evan Carter will be the center fielder for the entire season. Marcus Semien and Corey Seager are back for Year 3 of their administration. Will Jose Leclerc and Josh Sborz form a shutdown back end of the pen over 162 games as they did in 17 playoff matches?

The first championship in franchise history only piqued the curiosity for what’s possible in 2024.

Houston Astros: Like the Rangers, the Astros will have their 40-something mercenary, Justin Verlander, back for a full season. Jose Altuve and Alex Bregman will be entering their contract years, while Kyle Tucker aims to lock down his first big payday.

Yet the ALCS constants are facing more questions, particularly with Jose Abreu turning 37 and an unsettled rotation with Luis Garcia still returning from Tommy John surgery and Framber Valdez and Cristian Javier not as steady as they were a year ago. Still, doubt ’em at your risk.

Still a threat

Philadelphia Phillies: Perhaps they just wasted their best chance ever by losing to an inferior Diamondbacks team. How far will they go to retain No. 2 starter Aaron Nola? Can they avoid first-half offensive doldrums that make locking down a playoff spot an adventure?

The offensive firepower isn’t going anywhere. Yet it’s hard to imagine 2024 being the year they give the Braves a hearty challenge for the East title – leaving a rocky path to success through the wild card round once again.

Los Angeles Dodgers: They’re the morning-line favorites to sign Shohei Ohtani, yet even if they land the global superstar, he still can’t pitch in 2024.

Shortstop Gavin Lux will return from an ACL tear, a loss from which the club never really recovered. But Clayton Kershaw may retire or move on, and the performance of their young pitchers leaves just enough doubt to consider them volatile, at best. But any offense pairing Mookie Betts and Freddie Freeman will always resemble a machine.

Toronto Blue Jays: The grim exit at Minnesota shows this club is still capable of getting in its own way.

Still, everyone knows time is running short on the Vlad Guerrero-Bo Bichette pairing and Toronto is one of the few clubs that can trot out an actual pitching rotation – a pretty good one, too.

We’ll see

Seattle Mariners: Should be ready to fly another We Enhanced Our Playoff Odds banner, but will that get them back in the actual postseason ball?

Baltimore Orioles: The young core is so for real, and Jackson Holliday will arrive in 2024.

Yet this is, in fact, the winter they oughta pony up and spend a few dollars beyond their standard $10-ish million play for an innings-eating veteran pitcher. It’s the AL East, and inertia is practically begging a big-money rival to surpass you.

New York Mets: They won’t be the chic pick anymore, and we’re waiting on a new manager and exactly just how much hedge fund bro Steve Cohen might want to trim costs after this record-busting year of spending.

But lost in the ugliness of 2023 was a strong season by Francisco Lindor, a pretty great debut for starter Kodai Senga and a great finish from lefty Jose Quintana. Pete Alonso is in his walk year. It’s an interesting and talented stew and maybe muted expectations yields a greater outcome.

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Raiders receiver Davante Adams, the team’s top offensive player, had publicly expressed his frustrations with Las Vegas’ offense.

But now that former coach Josh McDaniels was fired early Wednesday morning, Adams stressed that players aren’t jubilant about the change as much as the team needed to shift its mentality.

‘Don’t get it confused,’ Adams said Thursday during a news conference. ‘It’s not a celebration that we have a new coach and that there’s been changes made. Obviously I think it was time, one way or the other, it was time for some sort of change just to bring a little juice in and revitalize the team a little bit.

‘I think it’s more of a mindset that we’re trying to — not force but just have moving forward to try to be as positive as possible.’

McDaniels, who has an offensive background after years as the offensive coordinator of the Patriots, could not replicate New England’s success with the Raiders. Las Vegas did produce decent yardage totals, ranking 12th in total offense (352.5 yards per game) and tied for 11th in passing offense (231.4), but the team struggled to convert that into points, ranking 26th in red zone efficiency (48.94%).

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Adams, in particular, has seen his production drop significantly. The three-time All-Pro selection has caught just 47 passes for 539 yards and three scores. This past Monday, in a loss against the Lions, Adams drew seven targets but caught just one pass for 11 yards.

‘We have a thing put in place where the stakes are different now but we have an opportunity to change it,’ Adams continued. ‘That’s the mindset we’re having, just trying to have fun and enjoy our time in this building. Because I think as we speak to each other, it’s been feeling like work too much and not having enough fun, so we’ve just got to get back to that.’

Raiders interim coach Antonio Pierce announced Wednesday in his introductory news conference that veteran quarterback Jimmy Garoppolo was being benched in favor of rookie Aidan O’Connell moving forward.

Adams stressed that he appreciates McDaniels and former general manager Dave Ziegler, who was also fired Wednesday, for their role in bringing him to the Raiders, via a trade with the Green Bay Packers in March 2022.

‘As I’ve said countless times: I want to be a Raider and I want to make this work,’ Adams said.

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Bob Knight’s profane tirade begins with him yelling at then-Indiana basketball player Greg Graham and his unacceptable defense.

The audio clip lasts 80 seconds and features an angry Knight, who died Wednesday at 83, unleashing a torrent of profanities, disappointments, threats and ultimatums.

The clip begins with Knight chewing out Graham:

“If you’re not going to recover, Greg Graham, if you’re just going to let him drive by you, if the rest of you are going to let him catch the ball outside the three-second lane and drive all the way in here without one guy challenging him, then I’m leaving and you (expletive) guys can run until you can’t even suffer.

‘Now, I’m tired of this (expletive). I’m sick and tired of a (expletive) 8-10 record. I’m (expletive) tired of losing to Purdue. I’m not here to (expletive) around this week. Now, you may be, but I’m not.”

This leaked audio was from the 1990-91 season, given the references and Graham’s spot on the roster, but the clip didn’t spread widely until the mid-1990s. It eventually went viral, in its own way, before we said things went viral.

But actually hearing him yell at practice, which was supposed to be private, was stunning, mesmerizing, entertaining and frightening. All of it pure Bob Knight.

Leaked Knight audio lands in email

How the audio leaked isn’t exactly clear, but it’s likely a student manager recording practice was responsible. There is an internet conspiracy theory that then-student manager Lawrence Frank, a former NBA coach and now president of basketball operations for the Los Angeles Clippers who attended Indiana at the time, was the source. He has never confirmed this.

I don’t remember the exact circumstances of how I received the audio, but it was in an email that had been forwarded to me and several others, and I of course forwarded it, too. At the time, because there was no such thing as going viral, I felt like I was part of an insider’s club.

You have to understand: When this was recorded, there was no internet in the way we use it today, and in the mid-1990s, social media didn’t exist. Email was not as ubiquitous then, as not everyone was connected. Today, this audio would be everywhere, quickly. Think about Golden State’s Draymond Green punching teammate Jordan Poole before the start of last season. Within days, video had leaked, and it was a major NBA story.

Knight clip ends with (expletive) fireworks

Knight had one 8-10 Big Ten season at Indiana – 1989-90. Graham was on the roster that season as a freshman and part of the team in 1990-91. The Hoosiers were good in 1990-91, going 29-5 overall and tied for first in the Big Ten with Ohio State at 15-3. They eventually lost to Kansas in a Sweet 16 game.

A commenter on YouTube posits that the recording took place in January 1991, somewhere between beating Northwestern 99-58 on Jan. 5 and playing Purdue on Jan. 14. The Hoosiers had lost to the Boilermakers twice the season before.

Knight was not there that week to (expletive) around. The audio continues:

“I am not here to get my (expletive) beat on Monday, and you better (expletive) understand that right now. This is absolute (expletive expletive). Now, I’ll run your (expletive) right in the ground. You’ll think last night was a (expletive) picnic.”

(Just how miserable was the practice the night before, if the next punishment for poor play was going to make that seem like a picnic?)

The last bit of the clip, Knight yells: “I had to sit around for a (expletive) year with an 8-10 record in this (expletive) league. And I mean you will not put me in that (expletive) position again or you will (expletive) pay for it like you can’t (expletive) believe.”

In 80 seconds, Knight drops 16 F-bombs.

By the way, Indiana beat Purdue 65-62.

Thank (expletive) goodness.

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BEREA, Ohio — Ashton Grant got his NFL start on the lowest rung of the proverbial coaching ladder, as a yearlong fellow with the Cleveland Browns. His job, at least in the beginning, was simply to listen and learn.

In the three years since, Grant has already been promoted twice: to offensive quality control coach, then to an offensive assistant working with the quarterbacks. At 27, he is still the youngest on-field coach on the Browns’ staff and one of the youngest in the NFL, period. His goal is to one day become an offensive coordinator.

“Sometimes I teeter on the line, if I want to become a head coach or not,” Grant said with a smile. “You’re in the public eye, you’re kissing babies — I don’t know if I want to do all that.”

Maybe that will change with time, he added. Maybe it’s just that offensive coordinator seems closer right now to the Xs and Os of the game, which he’s always loved. Or maybe it feels like the role is more within his reach — even though history suggests that is not, in fact, the case.

A climb that rarely leads to the top

For coaches of color like Grant, who is Black, the road to becoming an NFL offensive coordinator has always been confoundingly steep. Last year, there were four Black offensive coordinators in the league, three of whom were fired or not retained by the end of the season. This year, there are just three — which, according to USA TODAY Sports research, is the league’s annual average since the 2003 implementation of the Rooney Rule that requires teams to interview diverse candidates for vacancies at key positions.

The shortage of Black offensive coordinators has become especially glaring in recent years, as overall diversity within NFL coaching staffs has grown. According to USA TODAY Sports research, there are more coaches of color in on-field roles than ever before and more coaches of color getting opportunities on the offensive side of the ball. But that hasn’t changed the situation at the top of offensive staffs — at least not yet.

‘It’s a hard climb for a Black guy,’ said Lionel Taylor, who became the first Black offensive coordinator in NFL history when he assumed the role with the Los Angeles Rams in 1980.

Now 88, he likened the league’s progress to a traveler heading from New York to Los Angeles and winding up in Phoenix. Getting closer, he said, is not the same thing as getting there.

‘People say, ‘Well it was a long time, things are so much better,’ and this and that,’ he continued. ‘That’s an excuse. You say you’re climbing the ladder but you haven’t made it. That’s the way I look at it.’

A position that’s ‘plagued’ the NFL

While hiring head coaches in the NFL often receives the most public scrutiny, the trends at offensive coordinator are just as striking — and equally important considering the disproportionate number of white coordinators who have become head coaches over the past 10 years.

As part of its NFL coaches project, USA TODAY Sports found:

► The NFL, whose player pool historically is between 60% and 70% Black, has never had more than five Black offensive coordinators in a single season.

► Over the past 20 years, NFL teams have hired an average of nine white offensive coordinators for every Black offensive coordinator.

► In the decade from 2013 to 2022, only 12 Black men worked as full-time NFL offensive coordinators — the same number of Black men who worked as head coaches during that time.

‘That position has plagued us,’ NFL executive vice president of football operations Troy Vincent said. ‘A lot of that is from the false narratives of who these men were and what they were capable of doing — these myths that exist.

‘We’ve still got a lot of work to do here. But the efforts of building, focusing in on building the pipeline, we believe will have some long-term implications.”

Jonathan Beane, the NFL’s senior vice president and chief diversity and inclusion officer, said the league office considers improving diversity at offensive coordinator to be a key strategic goal. It’s why the NFL announced last spring it will begin requiring each team to hire a woman or a member of an ethnic or racial minority to coach on the offensive side of the ball, among other initiatives intended to get more people of color into offensive coaching rooms.

The league is betting that more coaches of color in entry-level positions will cause diversity at offensive coordinator — and, in turn, head coach — to eventually climb. But it hasn’t happened this season, and those who follow the issue closely acknowledge that it might not happen any time soon.

“That’s sort of the long path, to getting more numbers at the head coach position,” said Rod Graves, executive director of the Fritz Pollard Alliance. “I’m not suggesting that there needs to be a more detailed or even a different approach. But the path that the league has focused on is going to take some time to get the results.”

Grant’s path from Assumption to the NFL

In conversations about coaching diversity in the NFL, league officials and experts often reference “the pipeline” of diverse coaches working their way up the ranks.

It’s a pipeline already filled with dozens of sharp up-and-coming coaches like Grant.

Like many of his coaching peers, Grant said he originally dreamed of making it to the NFL as a player. But after a successful career as a wide receiver at Division-II Assumption College, during which he broke multiple school records and earned two all-conference nods, Grant received only a handful of invites to NFL rookie mini camps, which ultimately led to nothing. A brief foray into the now-defunct Alliance of American Football also fizzled.

“I saw the writing on the wall, of what my playing career would’ve been,” Grant said.

So rather than toiling on practice squads or bouncing around lower-level leagues, Grant decided to go back to school and finish his degree. He said he spent just two months away from football before getting an itch to return, even if that meant moving to the sidelines. A conversation with his college coach, Bob Chesney, led to Grant’s first coaching gig, as a volunteer special teams quality control coach on Chesney’s new staff at Holy Cross.

It didn’t take long for Grant to have an impact, Chesney said.

“His ability to relate to these players, I think, is probably one of the things that will be one of his strongest attributes,” Chesney said. “His maturity was through the roof, and his ability to connect and empathize with everybody also stood out to me. … He wasn’t afraid to speak his mind.”

A year later, in 2020, Grant got his first opportunity in the NFL, spending a few weeks with the Browns as part of the Bill Walsh fellowship program — a long-running, leaguewide effort to give diverse coaches a chance to build connections in the league.

Little did he know that Cleveland also wanted to create its own fellowship program, a more substantial, yearlong position named after former Browns lineman Bill Willis, one of the first Black players in the league’s modern history.

In their search to find “a rising star,” Browns head coach Kevin Stefanski said Grant, then 24, stood out from other applicants because of his desire and dedication — as evidenced, among other things, by his work as a low-level special teams coach at a Football Championship Subdivision school.

“You have to love football to coach and not get paid a bunch of money at all and just grind,” Stefanski said. “And he clearly had that in him as a young coach.”

Lack of diversity on offense ‘a mystery’

When the Browns introduced the Bill Willis Coaching Fellowship, they noted the position would work exclusively on the offensive side of the ball. It’s no secret why.

While the league has made significant strides in coaching diversity over the past five years, data shows those gains have come disproportionately on the defensive side of the ball. According to USA TODAY Sports research, 55% of all defensive coaches in the NFL this season are people of color, including half of the league’s defensive coordinators. On offense, meanwhile, coaches of color hold 40% of the roles, including just 12.9% of the offensive coordinator jobs.

“Why we are getting more opportunities on the defensive side, as opposed to the offensive side, is still a bit of a mystery,” Graves said. “I think it certainly starts with recognizing that there’s more talent in the pipeline than we choose to recognize.”

Graves, the former general manager of the Arizona Cardinals, applauded the NFL for helping more Black coaches get a foot in the door through its offensive assistant initiative, which requires each team to hire an assistant who is a woman or part of an underrepresented racial or ethnic group, and provides funding for that role. But he believes the focus now must be on helping those young coaches progress through the ranks.

Part of this, he said, comes down to improving a hiring process in which the success of a coach’s previous team is often put above their knowledge, skills and experience.

“At this point, I think we’re leaving a lot of good talent behind — and that’s regardless of color,” Graves said. “We’re not optimizing our ability to point to the best that the league has to offer.”

The other piece is development, and that’s where coaches like Stefanski come in.

Before the Browns hired him, Stefanski spent 14 seasons with the Minnesota Vikings, working his way up from the head coach’s assistant to offensive coordinator. He said he was given opportunities as a low-level coach to grow into new roles and coach different positions — and his objective now is to provide the same opportunities for young coaches of color, such as Grant.

“Until this gets better, we have to be intentional about it,” Stefanski said when asked about the lack of diversity among NFL offensive coordinators. “We need to develop young Black coaches.”

One past Bill Willis fellow, Israel Woolfork, has already landed a quarterbacks coach job after following former Browns assistant Drew Petzing to Arizona this year. The Browns also have one of the league’s highest-ranking female coaches on their staff in assistant wide receivers coach Callie Brownson. Stefanski originally hired her as his chief of staff in 2020.

‘These initiatives allow for young men, and now young women, to just be in the room to learn,’ Vincent said.

‘It allows exposure for these young (coaches) to be exposed to play-calling, organizational structure on the offensive side of the ball. We didn’t have that five, six years ago. Today, we do.”

‘You have to get in the quarterback room’

Grant said he has taken on more responsibility in each of his four seasons with the Browns — from breaking down tape, to helping draw and chart passing plays, to leading position group meetings and giving presentations on opponents’ schemes and tendencies to the entire offensive staff.

He’s also spent each year with a different position group, moving from running backs to wide receivers to tight ends and, most recently, quarterbacks. Offensive coordinator Alex Van Pelt oversees the quarterback room, but Grant is effectively the assistant position coach.

“I think if you want to coordinate an offense, you have to get in the quarterback room,” Grant said. “Because that’s the only room where you’re fully engulfed in what’s going on.”

The statistics certainly bear that out. Of the 31 offensive coordinators in the league this year, 26 either passed through the quarterback room or previously held the title of “passing game coordinator.”

The problem is that, for coaches of color, these positions have also historically been the hardest to get.

In a wide-ranging report last year, USA TODAY Sports found Black coaches are still largely left out of springboard roles, like coaching the quarterbacks, and instead confined to working with position groups, such as running backs, that offer slimmer hopes of advancement — a trend one expert described as “positional segregation.”

Taylor, who won two Super Bowl titles as an assistant coach with the Pittsburgh Steelers, said the same sentiments existed when he became an NFL assistant decades ago. There have long been preconceived notions not only about the positions Black men can play, he said, but also ones they should coach.

“I knew it was a hard wall to climb,” Taylor said of his path to the coordinator spot. “You knew there was discrimination there. A Black person was not going to be in the spotlight calling the plays, snapping the ball — or playing quarterback.”

In May 2022, the NFL took arguably its most significant step to date to address this issue by expanding the Rooney Rule to require that teams interview a diverse candidate for quarterback coaching vacancies, in addition to coordinator and head coach roles.

According to USA TODAY Sports research, there is one more quarterback coach of color in the NFL this year than there was a year ago, and three more assistant quarterbacks coaches of color, including Grant.

‘The numbers don’t lie: We’re not where we need to be on the offensive side of the ball, in particular when we look at positions like QB, O-Line, tight end and offensive coordinator,’ Beane said.

‘We always feel that we want to be well-positioned not only today but three years from now, five years from now, eight years from now. And to do that, you’re going to have to build, brick by brick, the foundation — in terms of a pipeline of talent — on that side of the ball, in those positions.’

Nepotism, cronyism and the trust factor

Grant said he doesn’t pay much attention to all the stats on coaching diversity and hiring trends in the NFL, though he can’t help but follow the career paths and successes of guys like Pittsburgh Steelers head coach Mike Tomlin, whom he called ‘inspirational.’

He said he hasn’t given much thought to how the league’s efforts might impact the trajectory of his own career.

“I haven’t looked at the numbers like, ‘Oh, they’re talking more about hiring Black people so maybe it’s good for us,’” Grant said. “I haven’t looked at it that way. I’m just excited that people are getting more opportunities.”

Perhaps the most important aspect of all of this, he added, is relationship-building. ‘People understand who I am as a worker,’ he said, ‘not just a one-page resume on their desk.’

Vincent pointed out that, unlike owners hiring head coaches, the decision to hire a coordinator or position coach usually rests with the head coach. And that makes it all the more important, in his view, that Black coaches get in the offensive room, where they’re able to prove their value.

‘Nepotism, cronyism, this is where it sits,’ Vincent said. ‘There’s a trust factor. There’s hiring people that you are familiar with, that you’ve either coached with or your buddy has shared with you. … The Black coach just hasn’t had that opportunity, because he’s not in the room to make those decisions at that level.’

The most recent hiring cycle offers just one example. While half of NFL teams hired a new offensive coordinator prior to this season, only three of those 16 vacancies were filled by Black men: Thomas Brown in Carolina; Brian Johnson in Philadelphia; and Eric Bieniemy in Washington. A fourth hire, Tampa Bay Buccaneers offensive coordinator Dave Canales, is Latino-American.

In contrast, more than half the league’s open defensive coordinator jobs were filled by coaches of color — including Minnesota Vikings defensive coordinator Brian Flores, who is suing the NFL and several of its teams for discrimination.

The question, over the next five to 10 years, is whether young, hungry coaches like Grant will help alter these trends.

When asked where he sees himself a decade from now, Grant said he hopes whatever he’s doing, he’s making his family proud, and that his recently-born daughter still thinks he’s ‘pretty cool.” Career-wise, he aspires to either be an offensive coordinator or a quarterbacks coach ascending to that spot.

Graves was asked if, given the NFL’s history in hiring offensive coordinators of color, there should be optimism that Grant will get there — or, at the very least, get a fair shot.

“If this young man is developing and working at it and puts into it all that he can, he has a chance,” Graves said. “And his chances are better today than they’ve ever been.”

Contact Tom Schad at tschad@usatoday.com or on social media @Tom_Schad.

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