For the second straight Major League Baseball offseason, a norm-shattering contract has been the talk of the winter , with Juan Soto agreeing with the New York Mets on a $765 million, 15-year deal that's the richest in baseball history. It comes almost exactly one year after the Los Angeles Dodgers forked out a princely sum of $700 million on a 10-year, heavily deferred deal for two-way Japanese superstar Shohei Ohtani. They are believed to be the two richest contracts in pro sports history. The way it's going, a contract approaching $1 billion doesn't seem out of the question. But several factors are working against it — at least in the near future. There's reason to believe the megadeals for Ohtani and Soto are unicorns in the baseball world. Both players are uniquely talented, surely, but both also had unusual circumstances propelling their value into the stratosphere. Ohtani is the greatest two-way player in baseball history, capable of improving any team on both sides of the ball. He's also the rare baseball player who has true international appeal . His every move ( like his unexpected marriage announcement ) is followed closely in his native Japan, adding another 125 million potential fans who buy merchandise, watch him play and help fill the Dodgers' coffers. Then there's Soto — a four-time All-Star and on-base machine who won a World Series with the Washington Nationals in 2019. The X-factor for him is he became a free agent at the prime age of 26, which is extremely hard to do under current MLB rules. Players have to be in the big leagues for six years before testing free agency. The precocious Soto debuted at 19 with the Nats, making him part of a rare group of players who reached the highest level of professional baseball as a teenager. That accelerated his free agency timeline. It's rare for players to debut that young, and rarer still for them to develop into stars and test the open market the first chance they get. Two recent examples are Manny Machado and Bryce Harper, who both reached free agency in 2019. Machado signed a free-agent record $300 million contract with San Diego, and Harper overtook him days later with a $330 million contract to join the Phillies. Most players debut in the big leagues from ages 22 to 26, which means free agency comes in their late 20s or early 30s. A typical example is Yankees slugger Aaron Judge, who is one of this generation's great players but didn't hit the market until he was 30. Judge played three seasons of college baseball for Fresno State before getting drafted by the Yankees in 2013 at age 21 — already two years older than Soto was when he made his MLB debut. It took a few years for the budding superstar to reach the majors, and he was 25 when he had his breakout season in 2018, smashing 52 homers to earn AL Rookie of the Year honors. By the time he reached free agency after the 2022 season, he had already passed age 30. It's a major factor that led to him signing a $360 million, nine-year deal with the Yankees, which seems downright reasonable these days after the Ohtani and Soto deals. Two major trends are colliding that will make it harder for guys like Soto to hit free agency in their mid 20s. First, MLB teams have been more likely in recent years to take college players early in the draft, betting on more experienced talents. Just 10 high school players were drafted among the top 30 picks in the 2024 draft . Second, teams are more eager to lock up young, premium talent on long-term deals very early in their careers, well before they hit free agency. Sometimes before they even reach the majors. Since Soto, just two players have debuted in MLB before their 20th birthday — Elvis Luciano and Junior Caminero. Luciano hasn't been back to the majors since his 2019 cup of coffee. Caminero is now 21 and has only played in 50 big league games. Among those that debuted at 20: Fernando Tatis Jr. signed a $340 million, 14-year deal with San Diego in 2021, years before reaching the open market. Milwaukee's Jackson Chourio got an $82 million, eight-year deal before even reaching the big leagues. Young stars Corbin Carroll ($111 million, eight years with Arizona), Bobby Witt Jr. ($288 million, 11 years with Kansas City) and Julio Rodriguez ($209.3 million, 12 years with Seattle) also got massive guarantees early in their 20s to forgo an early free agency. The exception and wild card: Blue Jays slugger Vladimir Guerrero Jr. will be a 26-year-old free agent next offseason. Guerrero hasn't been as consistent in his young career as Soto, but a standout 2025 season could position him to threaten Soto's deal. More likely is that the player to pass Soto isn't in the majors yet — and might not even be in pro baseball. When 25-year-old Alex Rodriguez signed his record $252 million, 10-year deal with Texas in 2001, it took over a decade for another player to match that total, when Albert Pujols got $240 million over 10 years from the Angels in 2012. For many players, passing up life-changing money in their early or mid 20s is too enticing, even if it means that they might not maximize their value on the free agent market later in their careers. Soto was determined to test the market. He famously turned down a $440 million, 15-year offer to stay with the Washington Nationals in 2022, betting that he could make even more as a free agent. Not many players would turn down that kind of cash. Then again, that's what makes Soto so unique. And it's also why his $765 million deal could be the industry standard for some time. AP MLB: https://apnews.com/hub/mlbAs of November this year, 27 cases of cable theft have been reported, resulting in disruptions to home and business connectivity, including essential services like banking and emergency response. These incidents have also compromised public safety, caused extensive damage to infrastructure and incurred significant financial losses for Unified National Networks Sdn Bhd (UNN), the nation’s telecommunications infrastructure provider. To date, UNN recorded 244 cases of theft or damage to infrastructure, leading to over 8,000 hours of service outages (including 1,044 hours in 2024 alone) and exceeding BND1 million in repair costs. In light of this alarming trend, the Authority for Info-communications Technology Industry of Brunei Darussalam (AITI) and UNN urged the public to be aware of the serious consequences of telecommunications outages caused by cable theft. These incidents not only disrupt daily activities but also pose significant risks to public safety and critical operations. AITI and UNN emphasise the importance of public awareness and vigilance in strengthening infrastructure resilience and ensuring uninterrupted connectivity. Laws and regulations outline strict penalties for damaging telecommunications infrastructure and individuals convicted of damaging infrastructure can face fines of up to BND50,000 and imprisonment for up to three years. Contractors responsible for damage caused by earthworks may face fines of up to BND1 million and imprisonment for up to five years. Additionally, perpetrators may be liable for compensation for the damage caused. Additional protection for telecommunications infrastructure include minimum penalties of three years’ imprisonment and four strokes of the cane and maximum penalties of 10 years’ imprisonment and 12 strokes of the cane for theft, vandalism and other acts of damage. AITI and UNN urge the public to remain vigilant and report any suspicious activity related to cable theft to the Royal Brunei Police Force at 993. – James KonCalifornia to consider requiring mental health warnings on social media sites
Meta Platforms Inc. stock underperforms Monday when compared to competitors
Common Dividends for 2024 Total $0.32 Per Share BETHESDA, Md. , Dec. 9, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH ) announced that its Board of Directors has declared a fourth quarter dividend of $0.23 per common share, which includes the Company's regular quarterly dividend of $0.03 per common share, along with a stub dividend of $0.20 per common share. The dividend will be paid on January 14, 2025 to shareholders of record as of December 31, 2024 . The fourth quarter dividend, together with the regular dividends declared for the first three quarters of 2024, total $0.32 per share and represent an annual yield of 3.3% based on the closing stock price on December 6, 2024 . The Company expects to declare regular quarterly dividends of $0.08 per common share in 2025 and, depending on its 2025 operating income, a stub dividend in the fourth quarter of 2025. The Company's Board of Directors also declared a quarterly dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is payable on December 31, 2024 to shareholders of record as of December 20 , 2024. About the Company DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in leisure destinations and top gateway markets. The Company currently owns 37 premium quality hotels and resorts with over 10,000 rooms. The Company has strategically positioned its portfolio to be operated both under leading global brand families as well as independent boutique hotels in the lifestyle segment. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company's website at www.drhc.com . This press release contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as "believe," "expect," "intend," "project," "forecast," "plan" and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to: the adverse impact of any future pandemic, epidemic or outbreak of any highly infectious disease on the U.S., regional and global economies, travel, the hospitality industry, and the financial condition and results of operations of the Company and its hotels; national and local economic and business conditions, including the potential for additional terrorist attacks, that will affect occupancy rates at the Company's hotels and the demand for hotel products and services; operating risks associated with the hotel business; relationships with property managers; the ability to compete effectively in areas such as access, location, quality of accommodations and room rate structures; changes in travel patterns, taxes and government regulations which influence or determine wages, prices, construction procedures and costs; and other risk factors contained in the Company's filings with the Securities and Exchange Commission. Although the Company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. SOURCE DiamondRock Hospitality Company
Alex Ovechkin has a broken left fibula and is expected to be out four to six weeks, an injury that pauses the Washington Capitals superstar captain’s pursuit of Wayne Gretzky’s NHL career goals record. The Capitals updated Ovechkin’s status Thursday after he was evaluated by team doctors upon returning from a three-game trip. The 39-year-old broke the leg in a shin-on-shin collision Monday night with Utah's Jack McBain, and some of his closest teammates knew it was not good news even before Ovechkin was listed as week to week and placed on injured reserve. “Everyone’s bummed out,” said winger Tom Wilson, who has played with Ovechkin since 2013. “We were sitting there saying: ‘This is weird. Like, it’s unbelievable that he’s actually hurt.’ It’s one of those things where like, he’s going to miss games? I’ve been around a long time, and it’s new to me.” Ovechkin in his first 19 seasons missed 59 games — and just 35 because of injury. Durability even while throwing his body around with his physical style is a big reason he is on track to pass Gretzky’s mark of 894 goals that once looked unapproachable. “He doesn’t go out there and just coast around,” Wilson said. “He’s played 20 years every shift running over guys and skating. He’s a power forward, the best goal-scorer ever maybe, and he’s a power forward that plays the game really hard.” Ovechkin surged to the top of the league with 15 goals in his first 18 games this season. He was on pace to break the record and score No. 895 sometime in February. “You know when goal-scorers start scoring, it’s dangerous,” said defenseman John Carlson, who has been teammates with Ovechkin since 2009-10. “There was a bit of that in the downs that everyone was feeling about it too, of course. We see him coming to the rink every day, we know what’s at stake. You never want anyone to get injured, but there’s a lot to it and certainly he was playing his best hockey in years.” AP NHL: https://apnews.com/hub/nhlPITTSBURGH (AP) — The yard lines weren't the only things lost in the early winter squall that swept off Lake Erie and turned Huntington Bank Stadium into a snow globe on Thursday night. The “good vibes only" mindset that carried the Pittsburgh Steelers through two-plus months of solid if not always spectacular football disappeared in a 24-19 loss to last-place Cleveland . Over three eventful hours, all the ingredients of a classic “trap game” the Steelers (8-3) were hoping to avoid created a recipe with an all-too-familiar aftertaste of regret and missed opportunities,. A bit of immaturity from wide receiver George Pickens, who got into an MMA-style exchange with an opposing defensive back ... again. A pinch of frustration from normally stoic defensive tackle Cam Heyward, who vented afterward about being held on a decisive snap. An ounce — OK, several ounces — of confusion from a coaching staff that couldn't seem to decide whether to accept a late Browns penalty and then compounded it by taking a valuable timeout immediately afterward when the defense couldn't get lined up right. A dash of curious game planning, one that included inserting backup quarterback Justin Fields in high-leverage situations, most notably on third-and-6 with less than 5 minutes to go with the game still in the balance. The gambit that worked beautifully in an emotional victory over Baltimore last Sunday was a decidedly more mixed bag this time around. Add it all up and the result was Pittsburgh's fifth loss in its last seven trips to Cleveland, squandering a chance to move closer to its first AFC North title in four years. “We have a lot of football left,” quarterback Russell Wilson said. “We have a lot of opportunities to respond in the highest way, (the) highest level. I think everything that we want is still in front of us.” Yet a team that's been one of the league's bigger surprises failed to avoid a misstep and provided a reminder that for all the good things it has done of late, the Steelers remain a work in progress. “It is very deflating,” outside linebacker T.J. Watt said. "We need to close out games and we were not able to do that tonight. It sucks that we could not hold on, but a loss is a loss.” What's working Wilson's moonball. Even amid the snowflakes and quick deteriorating conditions, Wilson was unafraid to let the ball fly. Wilson averaged a healthy 12.9 yards per completion, including deep shots to Pickens, Van Jefferson and Calvin Austin III, the last a 23-yard flip to the end zone that Austin cradled to give the Steelers a late lead. If there's one thing that Wilson has shown during his first five starts, it's the situation — be it the score, the down, the time left on the clock or the weather — is immaterial. He will throw it where he wants when he wants, regardless of the circumstance. What needs help The final numbers for the offense — namely 368 yards and 35 minutes of possession — were good. The eye test, however, was another matter. The line had trouble protecting Wilson, giving up four sacks, and generating push when it mattered. Take out a 30-yard sprint by Fields and Pittsburgh averaged less than 3 yards per carry on the ground. The Steelers had the ball with under 5 minutes to go knowing two or three first downs would win in it. So middling runs and one ill-advised pass down the sideline by Fields later, Pittsburgh punted and momentum swung one last time. Stock up Outside linebacker Nick Herbig shows a more than passable T.J. Watt impression when healthy. Herbig's strip-sack of Jameis Winston midway through the fourth quarter set up Austin's go-ahead touchdown. Herbig now had 3 1/2 sacks and three forced fumbles despite missing four games with a hamstring injury. Stock down Pickens displays anger issues, particularly when things don't go his way. The third-year wideout had his third very public, strikingly violent outburst in two months when he got into it with Browns cornerback Greg Newsome III after a last-gasp Hail Mary fell incomplete. The NFL fined Pickens more than $10,000 after he grabbed Dallas defensive back Jourdan Lewis by the facemask at the end of a loss in October. Two weeks ago Pickens and Washington's Mike Sainristil exchanged punches following an interception. The volatile Pickens is by far Pittsburgh's best playmaker. Yet with the stakes likely raised in the coming weeks, he needs to keep his emotions in check if he wants to make sure he stays on the field. Injuries Pittsburgh could have starting outside linebacker Alex Highsmith (ankle) back when they visit Cincinnati on Dec. 1. Highsmith has missed the last two games and five overall this season. Key number 0-8 — head coach Mike Tomlin's career record on the road in Thursday night games against AFC North opponents. Next steps Rest up and prepare for a finishing stretch that starts with a visit to the underperforming but still dangerous Bengals. Pittsburgh swept the season series from Cincinnati last year. ___ AP NFL: https://apnews.com/hub/nfl Will Graves, The Associated Press
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California to consider requiring mental health warnings on social media sitesHope Bancorp director Steven Koh sells $1.29 million in stockAnalysis: After Juan Soto's megadeal, could MLB see a $1 billion contract? Probably not soon
Abu Mohammed al-Golani may become the face of post-Assad Syria – but who is he and why does he have $10M US bounty on his head?Here's How to Make Decisions Based on Reality and How to Avoid Jumping to Conclusions
For the second straight Major League Baseball offseason, a norm-shattering contract has been the talk of the winter , with Juan Soto agreeing with the New York Mets on a $765 million, 15-year deal that's the richest in baseball history. It comes almost exactly one year after the Los Angeles Dodgers forked out a princely sum of $700 million on a 10-year, heavily deferred deal for two-way Japanese superstar Shohei Ohtani. They are believed to be the two richest contracts in pro sports history. The way it's going, a contract approaching $1 billion doesn't seem out of the question. But several factors are working against it — at least in the near future. There's reason to believe the megadeals for Ohtani and Soto are unicorns in the baseball world. Both players are uniquely talented, surely, but both also had unusual circumstances propelling their value into the stratosphere. Ohtani is the greatest two-way player in baseball history, capable of improving any team on both sides of the ball. He's also the rare baseball player who has true international appeal . His every move ( like his unexpected marriage announcement ) is followed closely in his native Japan, adding another 125 million potential fans who buy merchandise, watch him play and help fill the Dodgers' coffers. Then there's Soto — a four-time All-Star and on-base machine who won a World Series with the Washington Nationals in 2019. The X-factor for him is he became a free agent at the prime age of 26, which is extremely hard to do under current MLB rules. Players have to be in the big leagues for six years before testing free agency. The precocious Soto debuted at 19 with the Nats, making him part of a rare group of players who reached the highest level of professional baseball as a teenager. That accelerated his free agency timeline. It's rare for players to debut that young, and rarer still for them to develop into stars and test the open market the first chance they get. Two recent examples are Manny Machado and Bryce Harper, who both reached free agency in 2019. Machado signed a free-agent record $300 million contract with San Diego, and Harper overtook him days later with a $330 million contract to join the Phillies. Most players debut in the big leagues from ages 22 to 26, which means free agency comes in their late 20s or early 30s. A typical example is Yankees slugger Aaron Judge, who is one of this generation's great players but didn't hit the market until he was 30. Judge played three seasons of college baseball for Fresno State before getting drafted by the Yankees in 2013 at age 21 — already two years older than Soto was when he made his MLB debut. It took a few years for the budding superstar to reach the majors, and he was 25 when he had his breakout season in 2018, smashing 52 homers to earn AL Rookie of the Year honors. By the time he reached free agency after the 2022 season, he had already passed age 30. It's a major factor that led to him signing a $360 million, nine-year deal with the Yankees, which seems downright reasonable these days after the Ohtani and Soto deals. Two major trends are colliding that will make it harder for guys like Soto to hit free agency in their mid 20s. First, MLB teams have been more likely in recent years to take college players early in the draft, betting on more experienced talents. Just 10 high school players were drafted among the top 30 picks in the 2024 draft . Second, teams are more eager to lock up young, premium talent on long-term deals very early in their careers, well before they hit free agency. Sometimes before they even reach the majors. Since Soto, just two players have debuted in MLB before their 20th birthday — Elvis Luciano and Junior Caminero. Luciano hasn't been back to the majors since his 2019 cup of coffee. Caminero is now 21 and has only played in 50 big league games. Among those that debuted at 20: Fernando Tatis Jr. signed a $340 million, 14-year deal with San Diego in 2021, years before reaching the open market. Milwaukee's Jackson Chourio got an $82 million, eight-year deal before even reaching the big leagues. Young stars Corbin Carroll ($111 million, eight years with Arizona), Bobby Witt Jr. ($288 million, 11 years with Kansas City) and Julio Rodriguez ($209.3 million, 12 years with Seattle) also got massive guarantees early in their 20s to forgo an early free agency. The exception and wild card: Blue Jays slugger Vladimir Guerrero Jr. will be a 26-year-old free agent next offseason. Guerrero hasn't been as consistent in his young career as Soto, but a standout 2025 season could position him to threaten Soto's deal. More likely is that the player to pass Soto isn't in the majors yet — and might not even be in pro baseball. When 25-year-old Alex Rodriguez signed his record $252 million, 10-year deal with Texas in 2001, it took over a decade for another player to match that total, when Albert Pujols got $240 million over 10 years from the Angels in 2012. For many players, passing up life-changing money in their early or mid 20s is too enticing, even if it means that they might not maximize their value on the free agent market later in their careers. Soto was determined to test the market. He famously turned down a $440 million, 15-year offer to stay with the Washington Nationals in 2022, betting that he could make even more as a free agent. Not many players would turn down that kind of cash. Then again, that's what makes Soto so unique. And it's also why his $765 million deal could be the industry standard for some time. AP MLB: https://apnews.com/hub/mlb