When former ESPN President John Skipper resigned in December, shock waves rippled through the sports network.
But this week, The Hollywood Reporter’s James Andrew Miller [revealed](https://www.hollywoodreporter.com/features/john-skipper-details-espn-exit-cocaine-extortion-plot-1094657) that behind that departure was a cocaine extortion plot, just adding to the disbelief.
No one Miller spoke to “saw any kind of indication that he had been using,” the reporter told Cheddar Friday. “There was just widespread shock.”
Even Skipper himself did not know he would resign when he did. That day “he woke up as president of ESPN, fully believing he was going to continue to be president of ESPN,” Miller explained.
But Skipper told him that he was “threatened concerning a purchase of cocaine” by an unidentified person.
After revealing this to Bob Iger, CEO at Disney, which owns ESPN, Skipper resigned, leaving behind a company he had worked at for almost three decades.
During his time as president, Skipper led the company’s aggressive push to secure long-term agreements with sports leagues to cover live events.
But the network has been losing subscribers for years, and its outlook even under Skipper was already murky.
Miller said ESPN is now “straddling two eras.”
“It’s got one foot in this unbelievably successful past, and it’s got another foot in a very, very uncertain future because of cord-cutting and rising programming costs.
“There’s a lot more uncertainties about what ESPN will be like five or ten years from now than there probably ever has been in its history.”
For the full interview, click [here](https://cheddar.com/videos/inside-john-skippers-abrupt-departure-from-espn).
New York quickly became the sports betting capital in the United States following an electric debut earlier this month. Cheddar News was joined by Chad Kornett, VP of Government Relations for Gaming at Geocomply to dive into the numbers.
Exercise equipment maker Peloton is attempting to run away from a recent bout of controversy. CEO John Foley published an open letter to employees on Thursday after reports that said Peloton was pausing production of its Bike and Tread products, delaying the opening of a new U.S. factory, and considering job cuts. In the letter, Foley wrote that the information in the reports was 'incomplete,' 'out of context,' and not reflective of Peloton's strategy. Peloton's stock responded on Friday, with shares bouncing back after falling nearly 24% in the regular session on Thursday. CFRA Research's Director of Research Ken Leon joined Cheddar News' Closing Bell to discuss.
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The NCAA voted to streamline their constitution at their annual convention on Thursday. Each of the three college divisions can decide how student-athletes can make money from outside sources but still restricts schools from directly paying its players.
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Olivia Harlan Dekker and Sean Green break down and provide their top picks for the NFL Divisional Round this weekend, while Frank Schwab dissects NBA futures and gives his take on the ongoing Nets drama.
Sean Green, co-founder of The Sports Gambling Podcast Network, joins Cheddar Bets to break down the best plays across the AFC Divisional Round matchups.
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Frank Schwab, sports betting writer for Yahoo! Sports, joins Cheddar Bets to find the best value down the MVP contender list and make sense of how to bet the Nets at home and on the road.
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The drama surrounding tennis star Novak Djokovic continues after he was deported from Australia over the weekend due to the nation's COVID-19 vaccine requirements. Djokovic was forced to leave the country on the eve of what was to be his first match in defense of his Australian Open title after three judges ruled in favor of his removal and revealed their reasoning for doing so. Adding to his woes, a law recently passed in France is putting his chances of defending his French Open title in jeopardy. The director of Marist's Center for Sports Communication, Jane McManus, joined Cheddar to discuss the ongoing fallout.
