Apple already owns 40% of the smartwatch market, but the tech giant wants to be more than  a market leader. Internal discussions suggest the company is considering a new watch that comes with casing sturdy enough for extreme athletes, per Bloomberg.

The first Apple Watch launched in 2015, and its improved models continue to grow in adoption among athletes — a 2020 study found 75% of customers are first-time buyers — but Apple wants another option for those looking to go off the beaten path. 

According to Bloomberg, the watch has been referred to as the “Explorer Edition,” and the main difference would be impact-resistance, similar to that of Casio’s popular G-Shock watches.

Current Apple Watches are water-resistant up to 50 meters — more than most smartwatches — but Apple would aim to make the Explorer Edition more “rugged” by using a rubberized exterior. 

Apple doesn’t disclose specifically how much money Apples Watches bring in, but the company’s overall wearables/home/accessories segment recorded $30 billion in sales during its last fiscal year.

New Apple Watch models are typically launched in September, but the progress of the latest model is unknown, and could be canceled at any point, according to people familiar with the matter. If it is released, it may be late this year or in early 2022.

What does coming within a few innings of winning the World Series get you? When it comes to team value, nothing. 

The Tampa Bay Rays, defending American League Champions and one of the more successful and innovative teams of the last decade, was the only club to show no year-on-year gain in Forbes’ annual MLB team valuations. 

Contrast that with the Red Sox and Cubs: each struggled through lackluster seasons and recently traded star players to cut back on payroll, but both gained 5% in value over the previous year. They were the third- and fourth-most valuable teams, respectively. The World Series-winning Dodgers were second at $3.57 billion, and the Yankees continued their reign at $5.25 billion, nearly equal to the combined value of the bottom five teams.

The more valuable teams have negotiated more lucrative TV deals, but a handful of mid-market clubs punched above their weight. The White Sox, the 14th-most valuable team at $1.69 billion, trailed only the two L.A. teams in 2020 TV money. The Mariners, just behind the White Sox at 16th, had the 7th-most lucrative TV deal.

With contentious collective bargaining negotiations on the horizon, the list highlights a core source of tension between players and owners: wins have little apparent correlation to team value. Even in a year without fans, 29 out of 30 teams saw their value rise, regardless of how they did in the standings.

Cleveland Browns receiver Odell Beckham Jr. became a strategic advisor to a SPAC launched by investment firm Tribe Capital. A filing earlier this month said that Tribe was seeking “top-decile private technology companies that are exhibiting inflection points in their growth.”

The Securities and Exchange Commission is getting increasingly antsy about athlete and celebrity-backed SPACs, going as far as to release a warning letter to investors, and many expect a formal investigation into the investment vehicle. Athletes are often brought in to bring attention to a SPAC but then step away once it acquires a company to take public, according to the New York Times. SPACs have raised over $90 billion this year, already breaking the record set in 2020.

The SEC alluded to the mixed incentives celebrities may have in its warning letter, noting that “sponsors may have conflicts of interest so their economic interests in the SPAC may differ from shareholders.”

Alex Rodriguez, Serena Williams, Shaquille O’Neal, Steph Curry, Naomi Osaka, Patrick Mahomes, and Justin Verlander are among the numerous athletes who have joined SPACs as board members or advisers. 

As for Beckham Jr., who has invested in technology and cryptocurrency companies through Tribe, as well as wellness, nutrition, and esports companies, he sees himself as more of a strategist than an attention-grabbing name.

“As I look to the future, I know that NFL careers don’t last forever and I’ll need new areas to compete in,” he told the Wall Street Journal. “I feel like I’ve been in training camp for venture capital these last few years, and I’m ready to get out on the field.”